Romania Feed

Real estate developer Akcent Development plans to carry out investments on several already acquired land plots, both in district 1 and district 6 of Bucharest.

DGH Log & Sped forwarding company, one of the biggest domestically, posted two-digit turnover growth in the first nine months of this year and estimates it will end 2021 with an increase of around 18%, according to the company’s officials.

Cluj-Napoca-based cigarette wholesaler Punctual Comimpex, owned by entrepreneur Vasile Muresan, in the first half of this year posted turnover worth RON396.6 million (EUR80.1 million), up 24% from the year-earlier period.

McDonald’s posted almost EUR110 million revenue in the first half, an increase of 38% on the year-ago period.

Metropolitan Life, the second largest life insurer in Romania, posted RON255.9 milion gross written premiums in the first half, an increase of 31% on the RON195.2 million of the year-ago period.

The world can accelerate urgent climate action and halve carbon dioxide (CO2) emissions by 2030, according to Schneider Electric, the leader in the digital transformation of energy management and automation, recognized as the World’s Most Sustainable Corporation in 2021 by Corporate Knights. Kicking off the Innovation Summit World Tour 2021, Schneider Electric Chairman and CEO Jean-Pascal Tricoire’s keynote advocates […]

The logistics group CHEP, leading pallet pooling supplier for the European supply chain, announces the appointment of Gabriel Ivan as the Country General Manager for Romania and Bulgaria after three years of his success in leading the development of the local subsidiary.   In this expanded role, Gabriel Ivan will help advance supply chain collaboration […]

NEPI Rockcastle, the largest investor and developer of shopping centers in Central and Eastern Europe, has obtained the building permit for the residential project to be developed in the vicinity of the Vulcan Value Center, in Bucharest’s 13 Septembrie area.

Starting with October, Sano International distributes on the Romanian market the brand of shower gels for young people and teenagers, Keff. Launched in 1942, in Israel, Keff is a leader in the bath and shower products segment in its home country.   Keff shower gels come in a wide range of ice cream flavors, such […]

Starting this month, Interbrands Orbico becomes the most important player on the FMCG distribution market in Romania, once the merger is completed. Thus, the company brings customers an integrated portfolio of over 200 brands and 12,000 products in categories such as tobacco, perfumery, household, food and non-food.   Interbrands Orbico’s portfolio partners include Philip Morris, […]

CBRE, leader in the real estate consultancy market, advised Eli Lilly and Company (NYSE: LLY) in the process of renewing its offices from Bucharest Business Park (BBP), a project owned by CA Immo in the north-west of Bucharest.   Eli Lilly occupies around 900 square meters of office in Bucharest Business Park. Certified LEED Gold, […]

Ileana Damian took over the position of Chief Operations Officer of insurance company Generali Romania, the local division of Italy’s Generali Group, starting with October 13, 2021.

The IMMUNE Building Standard™, launched last year at the initiative of Romanian-based company Genesis Property with the purpose of combating the effects of the Covid-19 pandemic, expands beyond offices and industrial spaces to also cover residential buildings. This move reflects strong commitment in creating a healthier built environment for the future, as well as the […]

Scandia Food, the largest canned food companies in Romania, is entering a new market segment by acquiring a factory manufacturing frozen meat-based food products, which will be incorporated under the new entity Scandia Food Frozen.

Real estate consulting company Colliers marks 25 years of presence on the Romanian market by transforming its head office and implementing the WELL Health-Safety standard, the newest building rating system introduced by the International WELL Building Institute (IWBI) in the context of health challenges such as the Covid-19 pandemic. Thus, Colliers shows leadership in adapting […]

Coca-Cola HBC (CCH) today announced a commitment to achieving net-zero emissions across its entire value chain by 2040.   Via an existing, approved science-based target, by 2030 the company will reduce its value chain emissions in scopes 1,2 and 3 by 25%, with a further 50% reduction in the following decade.  To address the 90% […]

Pharmaceutical company Eli Lilly has extended the lease contract for office space in Bucharest Business Park (BBP), a project held by CA Immo in north-western Bucharest.

Renewable electricity generation is predicted to expand this year at its fastest rate since the 1970s according to the 58th edition of Renewable Energy Country Attractiveness Index (RECAI). But spending on grid infrastructure must also increase markedly if variable resources are to be integrated effectively and sustainability goals are to be met. Rapidly approaching emissions […]

In his role as CEO of FEPRA, an important group of companies in the collection, recycling and sutainability sectors, Ionut Georgescu talked during BR’s recent Environmental and Sustainability Summit about the grassroots level of what is happening in Romania in the field of waste management, a recurrent theme in almost all discourses related to sustainability […]

The volume of commercial real estate deals, which include office, retail, industrial and logistical projects and hotels, reached as much as EUR570 million in the first nine months of 2021, lower by 29% than the EUR890 million level reported in the same period in 2020, per a survey by real estate consulting firm JLL.