Romania Feed

REHAU Group has appointed Uwe Böhlke to the position of Chief Executive Officer (CEO) of REHAU Industries, the new umbrella company that brings together the Building Solutions, Window Solutions, Furniture Solutions and Industrial Solutions divisions.

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, grew to 2.89% a year on Monday (Dec 20), up 2.4% from the level reported on Friday (Dec 17), per central bank data.

Ford’s assembly facility in Craiova has produced one million vehicles between 2009 and 2021, in the amount of EUR18 billion, of which over 95% went to export, in line with calculations by Ziarul Financiar daily, considering an average market price of EUR18,000, VAT included.

Evergent Investments (formerly known as SIF Moldova) wants to operate a reduction of the share capital by RON1.9 million and to carry out a buyback program of maximum 23.1 million shares, representing 2.402% of the share capital.

Financial analysts expect the Romanian leu will depreciate to an average of 5.1145 units to the euro in the next 12 months, while inflation is seen averaging 5.8% during the same period, a monthly poll by CFA Romania showed Monday.

Holiday spending resumes growth this year, with a 5% advance compared to 2020, after a 7% decline last year, but 68% of consumers expect higher prices than the previous season, according to Deloitte 2021 Holiday Retail Survey. On the other hand, a third of the traders participating in the survey are counting on a double-digit increase in holiday orders, while 43% estimate increases below 10%.

For this Christmas, Business Review has started a list of Romanian entrepreneurs and businesses offering Christmas packages and gifts. For those interested in some unusual jewelry, Business Review talked with Mihaela Speranța Cherciu, founder and designer of Atelierul de Portelan.   Mihaela creates small sculptures of leaves, arches, spirals and spheres climbing down from the walls […]

Foreign tourists who came on holiday in Romania in January-October 2021 spent around EUR2 billion, in line with data provided by the National Bank of Romania.

CTP, the biggest developer and manager of industrial and logistics space in Romania, has over 270,000 square meters under construction in Bucharest and in multiple regional cities, with Romania being a growth engine for the group, weighing 26% in total spaces underway at the level of its entire network.

It is very difficult to imagine any successful business without effective management. But managing what you can’t measure is very difficult, if not impossible. Therefore, the first thing that needs to be done on this path is to learn how to measure the results of work with adsy.com. No matter what direction we are talking about. […]

Alpin 2003, managing hotel complex Alpin Resort Hotel, controlled by businessman Claudiu Aron, one of the biggest tourism players in Poiana Brasov resort, is set to post around 15% higher turnover this year, according to the company’s officials.

The Covid-19 outbreak has increased the importance of tracking mobility of individuals. A global research network has showcased how tracking and documenting movement of people can be of significant help to the government agencies during the pandemic. Maintaining such a database can help contain the spread of Covid-19 by offering clues to the potential hotspots, […]

Are you struggling with clearing your debts? Debt can be overwhelming, no matter the source or reason for your debt. It could be a result of an illness, overspending, student loan payments, and so on. Debts, for whatever reason, are stressful and overwhelming when you can’t pay them. It gets more frustrating when the credit […]

Scandia Food, Romania’s biggest canned food company, controlled by entrepreneur families Gaspar and Crestin, acquired Alba Iulia-based Agra’s from Dan Sarmasan and Ligia Sanda Stincel.

Electrical home appliances production has over the past 3 years attracted investment worth above EUR200 million in three new plants, existent facility expansion and one acquisition, with the field being among the most dynamic in the Romanian economy.

If your company handles business reviews, in order to get reviews of businesses overseas, it’s very likely that you will have to send people overseas. But when do you need to use an immigration attorney for that? Using an immigration lawyer can help you with court dates, paperwork, forms, and legal advice. They can answer […]

Starting an online business is really exciting. The satisfaction of knowing that you have created something of your own, that you can own and operate. There are so many things to consider when setting up an e-commerce store: platform, payment gateways, payment processor, shipping option, and so many others. But, before you start, there are […]

Transactions with real estate developer One United Properties (ONE.RO) shares reached RON22.1 million on Friday, December 17, while the share price dropped 2.9% compared with the previous session, according to data aggregated by ZF from the Bucharest Stock Exchange.

The Board of Directors of Romanian state-owned railway company CFR SA has appointed Ion Simu-Alexandru to the position of interim general manager for a four-month term, starting Friday (December 17).

Softbinator Technologies, a Romanian software development company, specialized in the design, development and launch of innovative products, went public on the AeRO market of the Bucharest Stock Exchange, and its shares are traded under the ticker symbol CODE.