Romania Feed

Real estate developer Forty Management, run by Lucian Azoitei, for the first nine months of 2021 reported consolidated turnover worth RON109.4 million, up 76.3% from the same period of 2020, and net profit of RON36 million, up 56%.

One of the factors behind the record high electricity prices was the weaker renewable power production. The gap was covered by gas, coal and hydro-based power.

Solaris plants are located in Poland, but the company, one of the largest public transportation electric vehicle manufacturers, considers developing new production units and Romania is on the list of countries where this may happen.

Furniture producer Laguna Euromob of Vadu Izei, Maramures county, founded in 1994 by Mircea Adrian Oros, ended last year with RON60.6 million turnover, up 46.4% on the year, thus being among the 15 most dynamic companies in the industry.

Romania’s communications market regulator ANCOM on Tuesday announced the auction for the allocation of radio spectrum (5G) had been finalized and the two bidders - RCS&RDS and Invite Systems – were to pay the government more than EUR40 million.

Dan Sucu was appointed to the position of President of Concordia Employers’ Confederation, which represents over 2,000 companies in Romania.

A 0.5% stake in Banca Transilvania (TLV.RO) or about 33 million shares changed hands in the afternoon of Tuesday's trading session, in two transactions on the DEALS market of about RON81 million, data published on the bvb.ro site of Bucharest Stock Exchange show.

Farm machinery producer Maschio Gaspardo Romania, held by Italian companies Maschio Gaspardo SpA (a 75% stake) and by Finest SpA, (a 25% stake), has increased by 20% the production capacity at its farm machinery factory in Chisineu Cris (Arad County), in line with a press statement released by company representatives.

Tribal Worldwide together with Samusocial from Romania, the non-governmental organization whose mission is to save homeless people in Bucharest, launches the Real life estate project that aims to raise funds so that homeless people have an easier winter.   “In the context of the lowering of the temperature and the overcrowding of the shelter centers, the homeless […]

In a Europe still affected by the Covid-19 pandemic, with a cultural industry in standby, heavily impacted by unpredictability, professionals working in events and in the cultural industry feel an urgent need of defined support measures, of discussions aimed to shaping real solutions and of professional know-how infusion and practical advice meant to help them […]

For its 11th edition, Summer Well will be reinventing itself. The festival gets a new dimension combining music, tech, art, and many more to create a universe filled with new experiences. However, we’re keeping what is iconic for the festival: date and location. Summer Well 2022 takes place in the second weekend of August, 12th […]

UiPath, Zitec, Softbinator Technologies, JYSK Romania and Nobel Romania are the most appreciated companies in Romania by their employees, according to “Top Angajatori 2021”, ranking made by the Undelucram.ro platform. This is the only top in Romania made according to employees’ opinions and not according to the public image of companies.   In its sixth […]

EY Romania strengthens its regional team in Transylvania by appointing Ovidiu Zaberca as Business Development Director. With the expansion of the team, the company aims to help develop the local business environment.   “Through our regional offices, we have been present in Timișoara and Cluj-Napoca since 2008, the regions near these cities remaining the main […]

Remote and hybrid working has provided a short-term productivity boost in most workplaces globally. Those gains have come at the expense of employee trust, with burnout being partially responsible, because a lot of people have not been able to find a balance between their personal life and workload, according to the PwC Future of Work […]

Community investments, taxes and contributions, added value along the entire value chain – these are the main coordinates of Nestlé’s presence in Romania. On the occasion of the 25th anniversary of its activity on the local market, the largest food and beverage company in the world presents the first socio-economic impact study.   “For us, […]

Romania’s Competition Council has approved a transaction whereby Luxembourg-based investment fund AMC Capital IV Group is acquiring the company Agrinatura, which controls multiple agriculture companies in Teleorman County.

Cushman & Wakefield Echinox consolidates the marketing and research teams by recruiting Cristina Lupașcu, with an experience of almost 20 years in media and real estate, as Director PR & Research.   Cristina Lupașcu has worked in the media for 14 years, mostly within the Mediafax news agency, covering the real estate area, after which […]

One United Properties announces that Astellas Pharma will be among the companies relocating their offices at One Tower. The pharma company signed the lease for an office space and its consultant for renting the space was JLL Romania.   Astellas Pharma Inc. is a global pharmaceutical research company based in Tokyo, Japan. Astellas provides medical […]

Real estate consulting company Cushman & Wakefield Echinox consolidates its marketing and research team by appointing Cristina Lupascu for the position of PR & Research as Director.

IT company Cognizant Softvision, the local division of US Cognizant Group, has employed more than 1000 programmers in 2021, who can choose to work from the office, in the towns and cities in which the company has offices, to work from home, from anywhere in Romania, or to adopt the hybrid work model.