Romania Feed

Net investments in the Romanian economy grew 2.1% in 2021 compared with 2020, to RON120.148 billion, data from the country's statistics board showed Thursday.

The Romanian Government has approved a series of derogations from the immigration legislation, in order to allow Ukrainian citizens to work in Romania without the need to obtain a work permit and a long-stay visa. According to the Government Emergency Ordinance no. 20 (GEO 20), adopted on March 8, 2022, all Ukrainian citizens who will […]

Promateris (BVB: PPL), a Romanian industrial group and leader in Central and Eastern Europe in the production of biodegradable and compostable packaging, estimates for 2022 revenues of 47.7 million euro, EBITDA of 7.3 million euro and a net profit of 4.3 million. The revenue and expense budget will be subject to approval by the General […]

Cargus acquired QeOPS, one of the leading providers of e-fulfillment services and customized logistics solutions in Romania, in 2021 with the purpose to strengthen its service offer for e-commerce customers, in line with strategic investments of the company over the past two years, focused on strategic grow direction  improving the general customer’s logistic, comperhensive solutions […]

Philip Morris International Inc. (NYSE: PM) today announces the suspension of its planned investments in the Russian Federation, including all new product launches and commercial, innovation, and manufacturing investments. PMI has also activated plans to scale down its manufacturing operations in Russia amid ongoing supply chain disruptions and the evolving regulatory environment. We will continue to monitor the situation […]

TEILOR, the chain of luxury jewelry stores present across the CEE region, appoints Roxana Achim as Head of Design & Project Management at the group level. Roxana has over 14 years of experience in consulting, designing, and coordinating large-scale architectural projects. At TEILOR, Roxana Achim will be responsible for the design and arrangement of all […]

Last year the European Investment Bank Group provided EUR 907 million for new investments across Romania.    The EIB Group’s engagement in the country included financing for construction of two new regional hospitals, modernization of the national electricity network to harness renewable energy and deployment of smart meters, improving energy efficiency and scaling up high-impact […]

Romania’s two carmakers, Automobile Dacia and Ford, in February 2022 produced 44,111 passenger cars, 12% more than in February 2021. Of these, 24,878 units were manufactured by Automobile Dacia and 19,233 units by Ford.

The economic forecast for Romania in 2022 initially was for 4.2% growth, but amid the Ukrainian war a recession can be expected, or, in a more fortunate scenario, a much lower economic growth, says Radu Burnete, executive manager of Concordia Employers’ Confederation representing the biggest companies in Romania.

China-held OPPO, one of the world’s biggest players on the smartphone market, has managed to reach a 10% share of Romania’s smartphone market at the end of 2021, namely in around one year and a half since officially entering the market, and wants to reach the third position on the market this year.

Mobexpert, a major player on Romania’s furniture market, with both production and retail activities, plans to open new stores, develop new products in its own plans and expand B2B services this year.

Romanian massage chair retailer Komoder plans to invest in 2022 to open showrooms in Malaga, Zurich, while readying the second showroom in London, explained Adrian Rus, founder of Komoder.

Antibiotice Iasi, the biggest local Romanian-held drug maker, targets RON1 billion turnover by 2030, in line with its multi-annual plan, with half of this sum due to be generated by exports.

Spectral Mobila, a furniture manufacturer in Barlad (eastern Romania) that also owns a network of stores under the same name, plans to reach 24 stores this year.

When people hear the word business, they tend to think of a company with its offices, manufacturing facilities, and CEOs. But that’s not all a business is — for instance, a farm can be one too. And just like any other business, it needs good marketing to attract customers and investors.   If you’re looking […]

There are so many benefits of online manufacturing that are currently being shaken by the quick unstoppable assault of the fourth industrial revolution. Digital fabrication processes are universally connected through IoT (internet of things), improving industrial methods above recognition. The manufacturing business is usually enclosed using machine learning that saves time, reduces prices, and improves […]

Nowadays, productivity tools are a necessity in almost every industry, as employees and owners alike strive for the perfect balance in their busy schedules. That’s why we decided to put together the thoughts 12 business owners, who share some must-have productivity tools for any business.   Justin Herring, YEAH! Local 1. Calendly Calendly is a […]

Online privacy is one of the most discussed concerns today. Whether you use a laptop, phone, or tablet, some portion of data about you gets shared with third parties. The way you switch sites, the sites you use, and how much time you stay on a site are only a few examples of what entities […]

Energy optimization refers to the process of optimizing the amount of energy you use in your home environment. It should go beyond merely conserving energy and involve increasing the energy efficiency (and savings) of the areas you presently reside. Energy optimization can assist in enhancing the performance of your system by preventing it from becoming […]

U.S. vice-president Kamala Harris will come to Romania on Friday (March 11) and will meet with Romanian President Klaus Iohannis at the presidential Cotroceni Palace in capital city Bucharest, according to the presidential administration.