Romania Feed

Austrian furniture and home decor retailer XXXLutz has leased 6,000 square meters of storage in the logistical park developed by WDP in Dragomiresti, northwest of Bucharest.

Vlad Ardeleanu, the CEO of Medima Health, had a challenging but exciting 2020, a year when he embarked on a new entrepreneurial project together with Professor Gheorghe Iana and developed the Medima Health concept, which has the potential to generate positive change and bring added value to the medical imaging services industry. By Anda Sebesi […]

Romanian state-owned gas natural transmission company Transgaz (TGN.RO) said Monday it has terminated the legacy contract for gas transmission through the T3 transit pipeline on the territory of Romania to third countries, concluded with Gazprom Export LLC.

Romanian industrial equipment maker Comelf Bistrita (CMF.RO) on Monday reported a net profit of RON2.7 million for 2020, up 3% on the year.

Organic fertilizer producer Norofert Group (NRF.RO), plans to acquire a 1,000-hectare farm in Zimnicea, Teleorman county, for RON9.5 million, the company said Monday.

The Romanian government has many budget expenditures to be funded (support for entrepreneurs affected by the pandemic, education and health measures in the context of Covid-19), so a debate is needed on the solutions needed in the short and medium term to increase budget revenues. Four economic and fiscal solutions could be take in consideration […]

Shares of Bittnet Systems (BNET.RO), a local integrator of IT&C solutions, will be included in the FTSE Global Micro Cap and FTSE Total-Cap indices as of March 22, following the latest semi-annual revision of the FTSE Russell indices, the Bucharest Stock Exchange announced Monday.

Romania’s banking system (34 lenders) ended 2020 with RON5.14 billion net profit, assets reached a new high and loan-to-deposit and non-performing loan ratios fell compared with 2019, while solvency stands at more than 23%, Romania’s central bank data show.

Sibiu-based builder CON-A of entrepreneur Mircea Bulboaca ended 2020 with EUR101 million revenue, the corporate website says. This is 13% higher than in 2019 and is the first growth after two years of decline.

Romanian chocolate brand Heidi, now held by Austria’s Meinl family via Kex Confectionery, has entered the heart of Vienna.

Sustainability has turned out to be one of the most important and integral parts of modern architecture. Unlike earlier when architecture only had to do with strength and aesthetics, in today’s world the construction is also supposed to support the environment.    The need for incorporating the idea of sustainability in buildings was realized in […]

Xerox and the Naval Postgraduate School (NPS) announced today a strategic collaboration focused on advancing additive manufacturing research, specifically 3D printing, which has the potential to dramatically transform the way the military supplies its forward-deployed forces.    As part of a Collaborative Research and Development Agreement (CRADA), NPS was the first to receive an installation of the […]

There is huge momentum behind the electrification of transport and while the environmental consequences are huge, there are also significant commercial rewards for the fastest movers in the evolving electric mobility (eMobility) ecosystem. A new study from EY and Eurelectric, Accelerating fleet electrification in Europe: When does reinventing the wheel make perfect sense?, concludes that […]

Romanian state-owned airline Tarom estimates it will reduce its staff spending by an average of EUR8 million a year n the next six months, as it plans to slash 700 jobs out of 1,500 by the end of this summer.

Canada's Laurentis Energy Partners was awarded a EUR3.156 million contract award, through its subsidiary Canadian Nuclear Partners, to support refurbishment at Romania’s nuclear station in Cernavoda.

Pandemic brings structural changes on the retail and industrial segments of the real estate market: proximity retail gains further ground, while logistic keeps on its consolidation on grounds of 2020 accelerated growth in online sales, according to BUCHAREST REAL ESTATE CLUB analysis – THE NEW FACE OF BUCHAREST.   ”The total E-Tail* – tangible products […]

The pandemic has shown us a new way to consume while staying indoor and also a new way to produce waste. „Romania has a specificity in terms of home consumption: unfortunately, we cannot speak of a selective waste collection that could have a positive impact on the recyclability of waste from our consumption,” said Ionut […]

The #HRSpotlight2021 series continues with a new interview. In this episode, we turned once again to Cristina Corello, Country Human Resources Manager at Bosch Romania, the second Most Desired Employer in the Automotive industry in 2020. Cristina Corello also featured in the original HRSpotlight series, back in September 2020.   Which will be from your perspective, the […]

Do you want to know how to invest and make money daily? I have some information for you. First, you must understand that you can only be one of two people in any market; either you are a shark or a chicken. There is always competition in any market, and if you do not learn […]

If your home needs remodeling, you may be thinking of how to finance it. Whether small or big projects, renovation needs money. It’s impossible to make changes in a home without spending some cash. Things can get tough sometimes, and affording all the expenses becomes a struggle. When a financial tragedy strikes and you are […]