Romania Feed

The COVID-19 pandemic hit bad HORECA industry in the last two years. Hotels and restaurants were forced to close and suffered heavy financial loses. Hopes were high for 2022, but the pandemic is not over yet and the gas and electricity prices are adding pressure on the industry. Business Review talked to Radu Enache, CEO […]

Edison, Educativa Group and Social Innovation Solutions have jointly launched the first edition of ”The Switch”, a national entrepreneurial solutions competition for high school students (grades 9-11) who are passionate about entrepreneurship, business, or technology. Participation is free and registrations are open until February 23, by filling in the form available on the site, here. […]

Hilton has today confirmed significant expansions to its DoubleTree by Hilton portfolio, with the announcement of six new European hotels in Italy, France, Romania, Hungary, the Netherlands, and Germany. DoubleTree is Hilton’s fastest-growing full-service brand in Europe, with 37 hotels expected to open in the region in the next five years, and the hotels join more […]

CTP N.V.,  EU’s largest listed owner, developer, and operator of logistics and industrial real estate by gross lettable area (“GLA”) today completes the takeover and delisting offer for Deutsche Industrie REIT-AG (now named Deutsche Industrie Grundbesitz AG, “DIR”), which provides immediate scale in Europe’s largest economy. CTP Germany now represents about 15% of CTP’s portfolio […]

Golin announced the launch on the Romanian market of the all-in-one mobile financial app Fairo, which helps freelancers to simplify the management of their finances and administrative tasks. In 2022, Golin will develop an integrated communication strategy for Fairo, preparing a mix of influencer marketing, media relations & special projects. The app developed by the […]

Golden Drum, International Festival of Creativity, is Rebuilding Connection with a strong desire to reunite, reconnect, and reignite creativity. The festival’s competition opening this March introduces two new special awards for Production Agency of the Year and Digital Agency of the Year and adds a new category Creative Use of Technology to Group C- Engagement. […]

A team of deals specialists of PwC Romania has provided financial and tax advisory services to Central European private equity investor Abris Capital Partners in the transaction to acquire Romanian dental consumables and equipment distributor Dentstore.

One United Properties (ONE.RO), one of the leading green developers of residential, mixed-use and office real estate in Romania, has moved its offices to the One Tower office building, part of the multifunctional complex One Floreasca City.

2Performant (2P.RO), the main player on the Romanian affiliate marketing market, has appointed Cristian Iosub to the position of Growth Manager starting February 1, 2022.

OMV Petrom (SNP.RO), the largest company listed on the Bucharest Stock Exchange in terms of capitalization, reported sales revenue of RON26 billion for 2021, up 32% year-over-year, and a net profit of RON2.86 billion, up 122% on the year, as per the company’s financial report released Thursday.

Amber, the largest independent video game developer in Romania, continues its global expansion with the opening of a new studio in Kiev, Ukraine.

Real estate developer One United Properties has centralized all its operations, including sales one, in a single headquarters, located in One Tower building, part of multifunctional complex One Floreasca City.

Retail turnover, the main barometer for private consumption, in 2021 increased by 10.1% in gross series against 2020, amid rising sales of non-food items (13.6% growth), car fuel in specialized stores (11.6%) and foodstuff, drinks and tobacco (5.5%).

Metal roofing tile producer Blachotrapez, owned by the Polish group of the same name, plans to start production at the new plant it is building with state aid in Baia Mare in summer.

Electronic parts producer Plexus Services Ro, the local subsidiary of US group Plexus, currently as 58 jobs available at the Oradea electronic parts plant.

Valer Hancas, communications and corporate affairs manager at Kaufland Romania, says the company has an investment budget of at least EUR350 million for 2022, with the money aimed at expansion and refurbishment works.

Impact Developer & Contractor (IMP.RO), one of Romania’s biggest real estate developers, plans to make use of geothermal resources of northern Bucharest to allow for the heating of housing units he is building within Greenfield project.

The pharmaceutical market in Romania generated sales of over RON21 billion in 2021, up 17% from the previous year, according to data provided by market research company Cegedim.

Travel agency Eturia ended 2021 with a 35% increase in sales volume compared to 2019, to about EUR15 million. The tour operator has reintroduced to its portfolio of offers for 2022 destinations that were partially or totally closed in the last two years, such as Cuba, Thailand, Sri Lanka, Mauritius, USA, Argentina, Jamaica and Bali.

New consumer and mortgage loans taken by consumers from banks, in lei and euros, accelerated in 2021 to a 15-year high, after declining in 2020, the first year of the COVID-19 pandemic, Romania’s central bank data show.