Romania Feed

What is Hyperautomation? And how is it different than automation? Hyperautomation is a specific term, coined for this purpose by Gartner’s IT department – and mentioned to be no.1 in their Strategic Technology Trends for 2020 rank. It refers to the logical evolution of automation. By Sabina Amaricai (software testing architect & founder Qualinest)   As […]

As part of its ongoing multi-billion-dollar investment program, KPMG plans to spend more than US$1.5 billion over the next three years specifically to focus on the Environmental, Social and Governance (ESG) change agenda. The ESG strategy is designed to support KPMG firms’ clients in making a positive difference. Importantly, this strategy is underpinned by KPMG’s […]

Entrepreneur family Vasile and Marilena Ene invested EUR3 million to expand and retool the air filter plant of Mizil, Prahova county, which can currently produce 100 HEPA filters per day.

Black Sea Fund, an investment fund aiming to accelerate small and medium enterprises in Romania, with a capital of over EUR 43 million, names Iulian Portasa, aged 33, former Senior Deal Advisory at KMPG, as Partner. Iulian will continue to be responsible for the entire investment process, from detailed analyses and preliminary negotiations to leading […]

Following a strategic partnership, the Romanian village of Floresti becomes the first community beneficiary of the Nooka Space proximity offices, in order to assist the citizens who work remotely or in a hybrid system. The Nooka Two office model is available in Floresti, being located in Poligon Park, and can be accessed non-stop by the […]

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continued its upward trend and grew to 2.07% a year on Wednesday (October 6), above the 2.01% level reached in early 2021.

IMMOFINANZ, one of the most important companies active on the Romanian real estate market, announces the signing of several partnerships with famous brands, following the extensive refurbishment process of VIVO! Baia Mare. The new tenant mix includes Hervis Sports, Sport Vision, DeFacto, Kik, Various Brands, Colin’s, Sabrini, TEILOR, English Home, Dr. Green, Nordpharm, La Casa, […]

The floor under the dining table is to be cleaned after every meal and the living room vacuumed once a day? Or just drop in remotely to see if everything is OK at home? Neither is a problem for the new Miele Scout RX3. The new generation of robotic vacuum cleaners excels thanks to innovative […]

Yesterday, October 5, Thales received investors and financial analysts for its first Investor Day dedicated to Environmental, Social and Governance (ESG) issues. The Group presented its new roadmap for a low carbon future and explain how its advanced technologies are helping to make the world safer, more environmentally responsible and more inclusive.   Chairman and […]

HP Inc. announces a partnership with ”Padurea Copiilor” helping communities in the south of Romania, the most exposed area, to cope with climate change with a new tree planting initiative.   Now, more than ever, it is vital to create a positive, lasting change for our planet, people and communities. The impact of climate change […]

A surprisingly strong rebound in the first half of this year boosted economic activity in emerging markets and developing countries in the Europe and Central Asia region, with the regional economy now projected to expand by a better-than-expected 5.5 percent in 2021, says the latest edition of the World Bank’s Economic Update for the region, […]

Retail sales in Romania (excluding sales of motor vehicles and motorcycles) grew by 12.4% in unadjusted data year-over-year in the first eight months of 2021 and by 11.2% when adjusted for seasonality and number of working days, data from the country’s statistics institute showed Wednesday.

Holde Agri Invest (HAI.RO), a Romanian company operating farmland, announced it acquired a farm of 230 ha of land, entirely operated in a rent regime, in Calarasi county, close to its Frumusani nucleus. The deal amounts to RON2 million.

Romania's food retail sector reached EUR19 billion in 2020, rising further despite the pandemic. The upward trend will continue, with the sector expected to grow on average 5% per year and reach EUR25 billion in 2025, in line with a report by research and analysis company Roland Berger.

The outsourcing industry is one of the winners of the coronavirus pandemic, considering it’s an industry whose activity is compatible with teleworking. Thus, companies in the industry continued to hire in 2020 and the 10 largest employers had over 17,200 employees last year, up over 17% from 2019, according to ZF calculations based on Confidas.ro data.

Romania’s e-commerce market ranks 50th globally, with a value of $3 billion in 2020, ahead of Bangladesh and below Singapore, in line with data provided by research platform ecommerceDB.com.

Cold cuts producer Meda Prod ’98, controlled by entrepreneur Luchi Georgescu, a business worth RON217 million last year, ended the first seven months of 2021 with 7% higher turnover, according to the company’s representative.

MedLife (M.RO), a local integrator of private medical services, said in a stock market report on Tuesday that Mihai Marcu, the company’s Chief Executive Officer and Chairman of the Board of Directors, on Sept 30 sold a package of 280,000 MedLife shares, at a price of RON19.3 per unit, within deals worth a total RON5.4 million.

Romanian Superbet group, the largest sports betting and gaming business in Romania, is strengthening its top management team, by recruiting Adrian Comaneci for the position of Group Commercial Finance Manager.

Local educational software producer Ascendia (ASC.RO on Tuesday said it partnered up with the Bucharest University for a project aimed at developing a next-generation system for data management and analysis, which will reach almost RON5 million, according to company representatives.