Romania Feed

Allianz-Tiriac has received approval from the Financial Supervisory Authority (ASF) to become a significant direct shareholder of Gothaer Asigurari, ASF officials said.

Lender Banca Transilvania has revised Romania’s economic growth forecast to 6.2% in 2021, 5.2% in 2022 and 4.9% in 2023, respectively, in line with updated macroeconomic forecasts.

At this year’s Foreign Investors Summit, Patricia Wruuck, Economist in the Economics Department of the European Investment Bank, held an insightful presentation titled “Municipal investment and cohesion in Europe: current challenges,” in which she showed why investments at the municipal level are just as important as national ones, as the development of cities can significantly improve […]

The EU and the European Investment Bank may provide financial assistance and advisory services, but it remains Romania’s job to design its own future, Lara Tassan Zanin, Head of the EIB Group Office in Romania, said during the most recent Foreign Investors Summit, BR’s landmark event that reached its 8th edition this year.   “Romania must […]

The Global Wellness Institute believes that residential real estate is the next frontier that will be radically transformed by the wellness movement. Our homes, communities, and surrounding environment directly affect our daily behaviours and lifestyles, and together these determine up to 80-90 percent of our health outcomes. Since our homes are typically our most important […]

A new LinkedIn study shared exclusively with The Drum suggests that despite the pandemic and its economic consequences, opportunities in the marketing sector are only expanding, with roles in digital and media leading. While the economic impact of covid-19 has decimated businesses of all types over the last year and a half, the marketing industry […]

Lighting in healthcare facilities and hospitals is of key importance. According to a study done in the UK, patients who were served in a newly refurbished environment were able to be released a day and a half earlier than those who were served in the old buildings.     An environment’s visual quality has a positive […]

A speaker in the All-Star Employer Branding Panel at Working Romania HR Conference, Alina Amza, group wellbeing & inclusion director at Superbet, presented how her company implemented an assistance programme, launched the OPAL project, created an internal newsletter, organised 80 workshops on various topics, and constantly communicated with its employees.   The pandemic has highlighted the fact […]

Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO) on Tuesday said it reimbursed its debts to several lenders among which EximBank, Banca Transilvania and Intesa Sanpaolo Bank Romania, by means of a financing facility in the amount of EUR23 million contracted in March 2021.

A speaker in the All Star | Employer Branding panel at BR’s recent Working Romania HR Conference, Luminita Florea, people & culture director at Philip Morris Romania, shared her views about the new ways we work, live, connect, and how the future workforce is shaping up.   Since it’s becoming abundantly clear that the future belongs to hybrid […]

On a labour market that is dominated by fierce competition between companies trying to attract and keep talent, employee retention is a serious challenge for HR departments. Regardless of their size or industry, organisations are making significant efforts to identify the elements that make or break an employee’s decision to stay in a company. By […]

Accept. Adapt. Be flexibile. Provide constant feedback. See work as an output rather than an input. These are some of the key principles that HR departments in both Romanian companies and multinationals operating on the local market should live by from now on. HR specialists attending the 6th edition of BR’s Working Romania #futureofwork event […]

WOMEN LEADERS, a series of 12 inspiring interviews with 14 remarkable women, members or ambassadors of the Professional Women’s Network (PWN) community, was launched this month by PWN Romania and the Center for International Private Enterprise (CIPE). Business Review sat down with Virginia Otel, co-president of PWN Global, to find out more about the project, […]

Romanian business managers expect robust price growth in the construction and retail trade sectors for the December 2021-February 2022 period in parallel with a slight decrease in the number of employees in constructions and an increase in staff numbers in retail trade, a survey by the country’s statistics board INS showed Tuesday.

ROCA Investments carried out a capital increase at RDF and became the majority stakeholder in the company, a major grain trader of Banat, founded by Florin Deznan.

Over 15,000 new companies operating in the fields of agriculture, forestry and fishing were set up during January-November 2021, 280% more than in the same period of last year, in line with Trade Registry data.

Aluminum smelter Alro Slatina (ALR.RO), the largest consumer of electricity in Romania, announced on the Bucharest Stock Exchange on December 27, 2021, that its aluminum production would decrease from five electrolysis plants to two plants due to high power prices.

Theta Furniture&More, one of the largest players in the interior design and custom furniture market in Romania, is also considering growth through acquisitions.

Rondocarton, part of the Austrian group Rondo Ganahl, one of the largest corrugated cardboard producers, which operates three packaging plants on the local market, plans to develop a vertical warehouse in Targoviste, an investment estimated at EUR10 million.

Booking Holdings Romania, a company established in July 2021 by Booking Holdings, has received a capital increase of RON22 million ($5 million) from its sole shareholder, according to Trade Register data.