Romania Feed

Today, promotions and discount offers are part and parcel of the marketing strategy of any CPG company. Studies show that consumer companies are spending to the tune of 20% of their annual revenue on trade promotions, which is significant.   However, various factors influence the success of promotions. Measuring promotion effectiveness is the key to ensure […]

Szallas.hu, the largest online hotel reservation platform in Hungary, merged last year with the Romanian hotel reservation platform, Travelminit.ro. The process began two years ago and was accelerated in 2020, despite the pandemic situation and general uncertainty in the global tourism industry. The value of the transaction remains confidential, but in these two years of […]

iFactor, an innovative fintech that aims to democratize SME lending receives its seed funding in a round led by ROCA X and becomes the first Romanian startup to be listed on the leading online investment platform, Seedrs.   The amounts raised will support the company in developing its services, as it aims to offer European […]

The year 2021 will be a better year both overall and for Romania’s economy, believes Matthew Strassberg, comanaging partner of buyout investor Mid Europa Partners.

The sales of the online commerce platform of the Carrefour group, Bringo, went up almost eight times compared in the first half of 2020, compared with the year-earlier period, to RON21.4 million (EUR4.4 million), publicly available data show.

Romania hopes to join the euro area waiting room in 2024-2025 and adopt the single European currency 2027–2028, prime minister Florin Citu said in a televised interview Thursday evening.

German Allianz Group, also present on the Romanian market, ended 2020 with total revenue of EUR140 billion, down 1.3% on the year, and an operating profit of EUR10.8 billion, down 9.3% on the year.

Hungarian roofing systems producer Terran, which produces concrete tiles, is investing EUR500,000 at its production unit in Campia Turzii (Cluj County).

Guarantee insurance, a segment included in the category of general insurance, registered underwritten gross premiums of RON464.5 million at the end of 2020, up 68% from 2019, with the value of underwritings tripling in the last decade, per preliminary data from Romania’s Financial Supervisory Authority (ASF),

Nestlé, the largest food and beverage company in the world, announces financial results at group level for 2021, reporting an organic growth of 3.6%, with a real internal growth (RIG) of 3.2% and pricing of 0.4%. Growth was supported by strong momentum in the Americas, Purina PetCare and Nestlé Health Science.   Foreign exchange reduced […]

QUALITANCE, the international innovation, technology and AI company founded and headquartered in Romania, has opened its e-learning platform, BottomUp Skills, to the business environment. The platform is available to anyone who wants to upgrade their skills and knowledge of innovation and product development, offering students a pragmatic approach and a wide range of useful tools […]

iFactor, an online platform helping SMEs sell their individual outstanding invoices for immediate cash, will receive a round of financing from investment vehicle ROCA X and becomes the first Romanian company listed on equity crowdfunding platform Seedrs in London.

CBRE, leader in the real estate consultancy market, continues its rapid development and strengthens its Romanian management team with the recruitment of a new talent, Mihai Patrulescu, to lead the Investment Properties department.   “Commercial real estate investment volumes in Central Eastern Europe (CEE) reached €13 billion in 2020 and we expect a gradual recovery […]

Mercedes-Benz Romania announces that Amanda Zhang (43), Senior Manager Marketing Communications at Mercedes-Benz AG, will take over the CEO position from Martin Schulz (47), starting March 1st 2021. After having led Mercedes-Benz Romania for almost two years, guiding the team through unprecedented times, Martin Schulz will now take over the position as President and CEO, […]

Family businesses are optimistic about their recovery over the next two years, with 86% anticipating a return to pre-pandemic growth rates by 2022, according to PwC’s Family Business Survey. The estimates are encouraging as, given the health crisis, only 28% of respondents estimated sales increases for 2020, with 46% estimating decreases.   “The pandemic has […]

Romania's finance ministry on Thursday raised 430 million lei (EUR88.2 million) selling bonds maturing in October 2034 at an average yield of 3.75%, central bank data showed.

Josephine Payne will take over as president of Ford Romania and general manager of the Ford Craiova plant starting April 1 and will be the first woman to run the factory's operations in Romania, the automotive company announced Thursday.

One United Properties and Bright Spaces are launching today an interactive digital showcasing and leasing platform for One Tower, the building developed and owned by One in Floreasca, Bucharest. Available spaces at One Tower can be visualized online, in a complete 3D environment, on  https://office.One.ro.    The platform was customized to meet One Tower’s specific […]

The American Chamber of Commerce in Romania (AmCham Romania) welcomes the fact that the 2021 state budget provides a reduction of direct expenditures and an increase in investments.

Real estate consultancy company CBRE has recruited Mihai Patrulescu to lead the Investment Properties department of CBRE Romania, working closely with teams in Central and Eastern Europe.