Romania Feed

This April, the Business Review Awards Gala is set to reach its 16th edition, and with it Business Review will shine the spotlight on the achievements of the Romanian business community, thus awarding and celebrating the companies, business leaders and entrepreneurs that showed drive, initiative and who achieved the best results in their class of business. […]

The demand for office spaces in Bucharest will increase by 20-30 percent this year, given that a significant part of the major tenants have exceeded expectations and are actively evaluating the options for space optimization, according to Cushman & Wakefield Echinox consultants. During 2020, the transactional volume decreased by 40%, up to 237,000 square meters, […]

Abbott announced today it has received CE Mark for two new uses of its Panbio™ COVID-19 Ag Rapid Test Device for the detection of the SARS-CoV-2 virus: asymptomatic testing and self-swabbing.   Panbio COVID-19 Ag’s label has been updated with clinical data on asymptomatic individuals, which enables mass testing (mass screening1) of people who do […]

This year’s love holiday could be called Dragobere. The reputation of beer in Romania increased by over 6 points from 2018 to 2020. According to the Reputation RepTrak® Pulse study conducted in 29 European countries, of all the categories of alcoholic beverages analyzed in the study, beer and the beer industry enjoy the best reputation […]

MAM Bricolaj, Romanian business specialized in selling materials and furniture accessories and connected products, furniture bricolage and offering services in furniture design, comes after a 2020 in which it registered one of the most important accomplishments: getting listed at the stock exchange. Therefore, the company starts 2021 with big plans. “We are all coming after […]

In times of pandemic, REGINA MARIA Healthcare Network stands by its patients, making decisions to prevent the long-term effects of SARS-CoV-2 infection. Therefore, so far it has invested almost 300,000 lei in free services offered to healthcare professionals and all patients overcoming the acute phase of the disease, a project that will carry on at […]

Prebet Aiud (PREB.RO), a manufacturer of precast products made of reinforced and prestressed concrete, ended 2020 with a net profit of RON8.5 million, up 51.4% on the year, and a turnover of RON41.4 million, slightly lower than RON41.7 million in 2019, per calculations by Ziarul Financiar (ZF) based on a stock market report.

Romcarbon Buzau (ROCE.RO), one of the major plastic packaging producers in Romania, on Thursday reported a net profit of RON856,514 for 2020, 131.4% higher compared with 2019.

Grampet Group, the largest private rail freight and logistics operator in Romania and Central and South Eastern Europe, announced Thursday it has launched operations in Slovenia, expanding its freight railway transport activity to ten countries in the region.

Demand for office spaces in Bucharest will increase by 20-30% this year, as a significant part of the major tenants are actively evaluating options for space optimization, real estate consultancy company Cushman & Wakefield Echinox said Thursday.

The learning market in Romania is, now, in a very good moment. Unlike the Western European markets which are quite mature from this point of view, at us, the learning market is only now starting to grow. By Silviu Dragomir, Co-Founder Eucom Business Language What does the learning market in Romania look like now From […]

Developers on the local property market have over one million square meters of modern industrial, office and retail stock in the pipeline for 2021, real estate consulting company JLL said in a market report Thursday.

A new report, Digitalisation: An opportunity for Europe, shows how increased digitalisation of Europe’s services and value chains over the next six years could boost Romania’s GDP per capita by 16.48% and also increase productivity by 16.70%. The report, commissioned by Vodafone and conducted by Deloitte, looks at the five key measures – connectivity, human […]

Romanian regional investment fund SIF Oltenia (SIF5.RO) on Thursday reported a net profit of RON52.2 million, down 57% on the year.

French-held Carrefour group, which has some 370 stores on various segments of the market in Romania, has appointed Julien Munch to run its local operations.

Romanian state-owned natural gas producer Romgaz (SNG.RO) on Thursday reported a preliminary turnover of RON4.07 billion for 2020, down 19% on the year, as sales of natural gas dropped 10% in volume and over 24% in value.

The construction industry, too, will suffer the effects of the pandemic in 2021, after having been relatively safe so far, believes Cristian Erbasu, owner of Constructii Erbasu, the largest Romanian builder by 2019 results.

Antibiotice Iasi (ATB.RO), the largest pharmaceutical producer in Romania, on Thursday reported a 16% drop in net profit in 2002, to RON25 million.

Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) on Thursday reported a net profit of RON58.9 million for 2020, virtually unchanged from 2019, while its turnover declined a slight 0.2%, to RON406.93 million.

US insurer MassMutual has rented 1,700 square meters of class A office space, occupying the second floor of Record Park building in Cluj-Napoca, developed by Belgium’s Speedwell.