Romania Feed

CIECH Group expands its agro-business sector in Romania and establishes CIECH Agro Romania. Located in Bucharest, the new company will support the Romanian agro-business customers starting March 2022. Investments for local business set up 6.5 million euro, for the next 3 years.    The team which will ensure support for the CIECH Agro Romania unit […]

The volume of investments in the biggest real estate projects underway or due to start in 2022 across Romania goes beyond EUR1.8 billion, with the housing and logistics markets being the most dynamic at present, in line with an analysis by Bucharest Real Estate Club (BREC).

Laurus Medical, a network specializing in proctology and phlebology healthcare services, founded by a doctor, in 2021 reached 10 centers nationwide and reported EUR7.3 million, according to the company’s officials.

Cluj-Napoca-based cigarette wholesaler Punctual Comimpex, held by entrepreneur Vasile Muresan, targets RON950 million (over EUR192 million) turnover this year, up 11.6% on the year, in line with ZF calculations based on company data.

Travel agency J’Info Tours, one of the biggest locally, expects 30% higher turnover this year amid rising demand for exotic circuits, as well as for holidays in Greece, Turkey or Spain, according to the company’s officials.

Airline Blue Air reported turnover worth EUR121 million in the second pandemic year, down 15% from the previous year.

Bistrita-based Datacor plans to develop greenfield-type photovoltaic projects in Transylvania, with total 50MW capacity, as the system integrator last year launched an arm dedicated to this type of projects, explained Bogdan Bilegan, CEO and stakeholder in Datacor.

Polish fashion discounter Pepco continued its expansion in the second year of the COVID-19 pandemic, opening more than 50 new stores in Romania in 2021, ZF has found.

Licurici Impex, an Onesti (Bacau County) based fast moving consumer goods distributor, estimates revenue will reach more than RON500 million (EUR101 million) in 2022, 2.5% higher than in 2021, ZF has calculated from the data supplied by the company.

Dr. Fischer Dental, leader on the Romanian dental equipment market, went public on Tuesday (Feb 22) on the AeRO market of the Bucharest Stock Exchange, under the stock ticker DENT.

Capital city of Bucharest registered 13,919 jobless people (of whom 7,386 women) at the end of January 2022, taking the unemployment rate to 1.13%, data from the Bucharest Municipal Employment Agency showed Tuesday.

Real estate consulting team Cushman & Wakefield Echinox expands its Land & Industrial team coordinated by Andrei Branzea by recruiting Marius Frunzuc and Stefan Oprea, who will be working as Land Agency consultants.

Romanian startup company AutoVantage, which developed a platform whereby new car buyers can compare offers from car dealers all over the country and choose the best one for their needs, is to be listed on Rōnin financing platform, seeking to raise EUR150,000, at an EUR2,000,000 valuation, Rōnin officials said in a statement.

Five-star Grand Hotel Bucharest, the former Intercontinental Hotel in capital Bucharest, is starting renovation works on its building and has co-opted the Bergman Design House studio for the EUR21 million, the hotel said in a statement.

Hidroelectrica’s current value exceeds $10 billion and, if listed on the stock market, its value could grow by 10%-15%, Johan Meyer, Portfolio Manager at Fondul Proprietatea, told ZF Power Summit 2022 on Tuesday (Feb 22).

MOL Romania has opened 16 filling stations on the local market during the coronavirus pandemic, Camelia Ene, country chairman & CEO of MOL Romania, told ZF Power Summit 2022 on Tuesday (Feb 22).

Finance minister Adrian Caciu on Tuesday said ruling coalition leaders agreed with his proposal to temporarily reduce the excise tax on fuel by 50%.

In the business world, artificial intelligence (AI) is no longer a buzzword but a reality. Many organizations are using AI to improve their performance in various areas. While there are some concerns about how AI will impact jobs in the future, the overwhelming majority of businesses report that they have seen significant improvements in performance […]

As digital transformation is gaining momentum, there is hardly anyone who would deny that the introduction of state-of-the-art solutions into the workflow can give a significant advantage over those businesses that for some reason prefer to stay away from cutting-edge technologies.   However, every time a business enters upon the way to digital transformation, its […]

When you are running a business out of your home, your house becomes both your living space and your place of business. Even if you are home all the time, it is still a good idea to set aside some space that is dedicated to work. This helps you keep the balance of work and […]