Romania Feed

Global business leaders harbor major concerns over the decisions and omissions made by Artificial Intelligence (AI) systems – despite the fact that 60% of companies now use them.   Dentons, the world’s largest law firm, has conducted a survey of global business leaders on their organizations’ use of AI, as well as on the risks […]

PepsiCo, the second largest player on the Romanian soft drinks market, has included in its Romanian snacks portfolio the Cheetos corn puff brand that is present in over 40 countries.

Waterdrop, the Austrian start-up launched on the Romanian market in September 2021, continues to develop on the local market. By 2022, the company aims to grow its existing customer base by 60% and penetrate the local market more strongly as a partner in online stores, encouraging a balanced lifestyle and an optimal hydration regime.   […]

Medicover, the only producer of private medical services in Romania, with international expertise, announces that it has acquired the majority stake at Mediplus, a cross-disciplinary clinic dedicated to women’s health. The 18 plus years of experience with the excellence of the Mediplus team, coordinated by the repute Dr. Iosif Niculescu bring a considerable advantage for […]

Law firm Filip & Company has assisted Tiriac Group in the sale of Tiriac Leasing to Banca Transilvania.

The German-based doctari group opened a technology hub in the Iulius Town mixed-use complex in Timișoara in order to enable the development of an integrated platform of the future. In 2022, 30 professionals are expected to join the hub with applications still open (doctarigroup.ro). With the use of the latest technologies like JavaScript, React and […]

Romelectro, Romania’s largest energy project contractor, on Monday said it filed for insolvency proceedings in Bucharest Court on Friday (January 14).

Schneider Electric, the leader in digital transformation and energy management and automation, and the world’s most sustainable corporation 2021 as ranked by Corporate Knights, today at CES 2022 revealed the latest innovations in Smart and Sustainable Homes as part of its commitment to address the growing demand for resilient and sustainable home energy solutions. These newly revealed innovations include the first sockets and switches […]

Filip & Company assists Țiriac Group in the sale of Tiriac Leasing to Banca Transilvania. The transaction signed on Friday, 14 January, is still subject to certain terms and conditions as well to a clearance from the Romanian Competition Council.     “Transactions keep happening in such good times for the Romanian M&A market. However, […]

Technological innovations and global circumstances naturally affect consumer behavior. Purchase trends change as society progresses or go through unforeseen challenges — like a global pandemic. In this Macropay review, we’ll discuss how you can use APMs to navigate the changes that affect how your customers interact with your business.   As COVID-19 wreaked havoc, the […]

Restart Energy, one of the main independent energy suppliers on the local market, announces the signing of the connection contract for the 50 MW solar project from Sărmășag, Sălaj county. The project represents an investment of approximately 40 million euros, money that will be used for the construction of the park that will be functional […]

Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO), in judicial reorganization, said in a stock market report on Monday that its production units resumed their activity.

One United Properties (ONE.RO), a developer of premium real estate projects in Romania, announced on Monday in a stock market report the handover of One Cotroceni Park Office Phase I, a commercial and office development located in capital Bucharest.

Chimcomplex Borzesti, a company present on the Romanian capital market since November 1996, debuted on Monday (January 17) on the Main Market of the Bucharest Stock Exchange under the stock ticker CRC, as a result of the transfer from the AeRO market.

Romanian carmaker Automobile Dacia, owned by French group Renault, saw a 3.1% increase in its worldwide sales up to 537,095 vehicles in 2021 against the backdrop of a stable market but significantly affected by the sanitary crisis and the car chip shortage.

Mail Boxes Romania, a supplier of integrated courier and logistic services, active on the local market since 2019, aims to reach EUR1 million revenues in 2022 and 100 agencies by 2030.

Kuma Romania, a producer of washbasins, countertops and furniture for bathroom and kitchen, ended 2021 with turnover of almost EUR7 million, up 7% on the previous year.

Electroglobal Cluj, a supplier of electrical solutions and equipment for industrial automation and lighting systems, controlled by Radu Ciorba jointly with Maksay Csaba, ended 2021 with 25% higher turnover, at RON138 million (EUR28 million), in line with ZF calculations based on company data.

HCL Online Advertising S.R.L, which operates Tazz by eMag business, in 2020 generated RON14.3 million turnover, up 872% on the year, with the delivery platform likely to see its turnover double, to around RON170 million, in line with ZF calculations based on company data.

Rin Grand Hotel, the hotel of southern Bucharest, a EUR60 million investments, which stirred controversies at its launch in 2017, when the “biggest hotel of Europe” was announced, closed down for tourists and will be entirely converted into apartments.