Romania Feed

The demand for corporate reporting to be more transparent is a reality. Dictated by the key role it plays in telling investors the story of value creation, corporate reporting is a way for companies to gain the trust of themselves and other stakeholders, as Florentina Susnea, Managing Partner at PKF Finconta. Promoting this transparent approach […]

Courtyard Bucharest Floreasca by Marriott Hotel, which opened in northern Bucharest in 2019, ended last year with a quarter of the occupancy rate owner Lithuania’s Apex Alliance had estimated.

Enel X, the Enel Group’s advanced energy services business line, was awarded by Bogotà’s bus rapid transit system Transmilenio a contract to provide the Colombian capital’s Integrated Public Transport System (SITP – from the Spanish Sistema Integrado de Transporte Público) with 401 full-electric buses and two brand new electroterminals for their charging. This award, which […]

Launched just before the onset of the pandemic crisis, the first digital peasant cooperative in Romania offers access to natural, unprocessed products, based on a new concept on the Romanian market – meat booking – reservation before sacrifice. The unique recipe that appeared in a favorable context for the online market generated sales above expectations […]

Farmec Cluj-Napoca, the largest local cosmetics manufacturer, has budgeted small growth in revenue for this year, but higher than the overall market’s.

TeraPlast Bistrita (TRP.RO), construction materials producer owned by businessman Dorel Goia, announced Wednesday it has appointed Lucian Anghel as interim non-executive director.

EAD – Empresa de Arquivo de Documentação SA, one of the largest Portuguese companies in the field of digital archiving, comes to Romania, the first foreign market in which the company expands its activity, and appoints Bruno Amaro as Country Manager.   What differentiates EAD in the market for digital archiving solutions are its solutions […]

Starting January 2021, Stefan Chiritescu takes over the position of Head of Strategy at McCann Bucharest. With 20 years of experience in advertising, he is one of the most known and appreciated strategists in Romania.   Over his 20 years of career, he handled local and regional clients and won efficiency and creativity awards, including […]

Impetum Group invites entrepreneurs and top management of Romanian companies to contribute to the Confidex Q4 Study, the largest pro-business study in Romania, which aims to bring the business environment a holistic perspective on the evolution of the Romanian economy through the crisis. This perspective helps the business environment in making informed and therefore assumed […]

Initiative Romania updated its Media Fact Book, estimating the Romanian media market decreased 2.7% in 2020, to Euro 467M and expects a comeback of 4% in 2021, to Euro 485M, supported mainly via media budgets invested in digital and TV.   Covid pandemic affected the media budgets so the negative development of the media market […]

Glovo, the on-demand delivery platform, announced that it has entered into a strategic partnership with Swiss-based real estate firm, Stoneweg, as the company expands its newly-launched Q-Commerce division. The agreement will see Stoneweg invest EUR 100 million in building and refurbishing prime city real estate in some of Glovo’s key markets. This will help accelerate […]

Starting with January of this year, Valentin Vasile holds the position of Marketing Director of Schneider Electric Romania and the Republic of Moldova. Valentin’s appointment is an internal promotion, from his previous position of Customer Satisfaction & Quality Business Partner at Schneider Electric Romania, a position he held for three years.   “Valentin’s arrival as […]

Romanian technology startup Tailent, specialized in the development of software robots that allow companies to automate and optimize a wide range of operational processes while giving the existent team the opportunity to focus on more relevant activities, democratizes access to intelligent Robot Process Automation (RPA) solutions through a technological partnership with Aliant, a company that […]

Romania's economy is expected to recover to pre-pandemic levels around mid-2022, with 3.7% economic growth in 2021 and 5% growth in 2022 after an estimated contraction of 5.5% in 2020, UniCredit Bank analysts estimate.

Cognizant has entered into an agreement to acquire Magenic Technologies, Inc., a privately-held custom software development services company headquartered in Minneapolis, Minnesota. The acquisition will expand Cognizant’s software product engineering footprint, adding 475 employees in the U.S. across seven locations and more than 350 employees in Manila, Philippines. Upon completion of the acquisition, Magenic associates will […]

Restart Energy, a local independent supplier of electricity and natural gas founded in 2015 in Timisoara, is preparing a corporate bond issue of EUR3-5 million on the Bucharest Stock Exchange to support its investment program.

Call for Leaders – 3Q is a BR exclusive interview series, which features our 3 questions with some of Romania’s top business professionals, bringing a positive, insightful, or otherwise constructive view of their markets in the context of the current crisis.   Current conversation: Adrian Craioveanu – Marketing Director DAAS International Group   1.How do you define […]

Restart Energy, one of the largest independent suppliers of electricity and natural gas on the local market, aims to double the number of household customers this year to 65,000 and increase its revenues about 80 percent – up to RON 220 million. The growth is determined by the liberalization of the energy market and new […]

MAM Bricolaj, a supplier of materials and accessories for furniture, held by the Gavan Family, will start trading its shares Thursday, January 21, under the ticker symbol MAM, on the alternative trading system AeRO of the Bucharest Stock Exchange, per stock market data.

Romania’s real estate investment market showed resilience in the face of the coronavirus pandemic in 2020, with the volume of transactions reaching EUR914 million, 28% higher than in 2019, per the Romania Investment Marketbeat report released by real estate consulting firm Cushman & Wakefield Echinox.