Romania Feed

Poland's Citronex group will build greenhouses to grow tomatoes in Targu Jiu, southwestern Romania, on a surface of 50 hectares, local authorities said.

CA Immo has renewed the lease contract with Sony for another five years, thus becoming one of the longest leases in Bucharest Business Park.     “Sony considers employees to be among its most important stakeholders and views them not as a group, but as individuals. The quality of workplace remains vital especially in this […]

Nordis Group, a local real estate developer specialized on luxury properties, announced it is investing EUR31 million in a mixed-use project totaling 14,000 square meters in Brasov, central Romania.

Prima Development Group, a real estate developer based in Oradea, announced Thursday it has completed Boemia Apartments in Bucharest, a boutique-style residential project, following an investment of EUR8.5 million.

Romanian regional investment fund Evergent Investments (formerly SIF Moldova) seeks to buy back approximately 8.3 million of its own shares at a price of RON1.6 per share, it said in a market report Thursday.

After Romania became the first foreign market in which the Portuguese digital archiving company EAD – Empresa de Arquivo de Documentação SA expanded in, Business Review wanted to sit down with EAD Digital Romania’s first CEO and COO, Bruno Amaro and Liviu Zamfir respectively, to find out the background and the future plans for this expansion. What resulted was an […]

Industrial park developer CTP, a top five European logistics property company and the largest logistics property owner-developer in Central and Eastern Europe, announced Thursday it is planning a share issue and listing on the Euronext stock exchange in Amsterdam.

Austrian real estate developer CA Immo has extended the lease contract for Sony offices in Bucharest Business Park for a five-year period, being one of the longest lease contracts targeting the office project located in north-western Bucharest, in the vicinity of the Piata Presei (Free Press Square).

Spring is here and the Working Romania HR Conference is drawing closer as we speak! With that in mind, #HRSpotlight, BR’s interview series dedicated to the Romanian Human Resources sector, pushes on for the #FutureOfWork. In this episode we sat down with Sorin Bănulescu, People Director at HEINEKEN Romania.   2020 Overview: the most important actions […]

The United States Department of Commerce has lowered an anti-dumping tariff on aluminum sheets made by Romania's Alro SA (ALR.RO) from nearly 84% to 37.26%, the company said in a statement Thursday.

According to CITR, the leader of the restructuring market in Romania, in 2021, companies that want to overcome the crisis and move to the next stage of development must be prepared to anticipate changes and invest in solutions that would help them better manage the risks. Although pressure on cashflow has fallen compared to the […]

“The pandemic year” was one of the peaks of the current economic cycle regarding investments in commercial real estate assets, with a 37% growth versus 2019, up to nearly EUR900 million, and the market is expected to see a potential decline in 2021, because some buyers may put off investments, per a Colliers report on the real estate market in 2021.

The strategy adopted at the onset of the pandemic to boost production capacity for drugs in demand drove local pharmaceutical manufacturer Zentiva to third place among the largest pharmaceutical companies by sales in Romania, a report by market research company Cegedim shows.

French-held Decathlon group, the leader of the local sporting goods retail, plans to have more than 1 million bicycles assembled in Romania in 2021, compared with about 860,000 last year.

Fornetti Romania, one of the largest actors on the pastry market in the country, is looking at development opportunities through franchising especially in the big and medium-sized cities and in pedestrian areas in 2021.

In view of the global COVID-19 pandemic, 35% of employees are thinking of shifting to a new job in the next 12 months, as revealed by Kaspersky’s ‘Securing the Future of Work’ report. The two biggest drivers that people stated for this career change are both natural and understandable under the circumstances. These include the […]

Romania's Constitutional Court has upheld the transfer of a 46-hectare land in the Romexpo area in northern Bucharest from state property to the country's Chamber of Commerce, clearing the way for a planned EUR3 billion real estate project.

Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO), suspended from trading since February 2017, has had its reorganization plan approved by a syndic judge and seeks to return to trading.

In the factory located in Roman, Neamt County, AMF-Bruns will manufacture laser parts and welded assemblies for conveying systems and for the automotive industry as a supplier for European and worldwide customers.   The greenfield investment amounting to approximately EUR 6.8 million will generate 77 jobs and will be financed by state aid amounting to […]

Chief financial officers in Romania are more optimistic than six months ago regarding the evolution of their companies’ main financial indicators, according to the latest edition of Deloitte CFO Survey Romania, conducted based on opinions expressed by over 100 CFOs in our country. Although half of the respondents show optimism, cost reductions continue to be […]