Romania Feed

The current pandemic context is accelerating the transformation of the recruitment process, so it becomes a real challenge for a company to hire people for middle or top management roles. Thus, in Romania, 40% of candidates who are selected by recruiters to fill key positions in companies end up refusing the first job offer, according […]

The annual EY Long-Term Value and Corporate Governance Survey finds a significant increase – from 66% to 84% – of board members and C-suite who say the COVID-19 pandemic increased expectations from consumers, employees, governments and broader society that companies will drive societal impact, environmental sustainability, and inclusive growth.   However, there’s also an increase […]

Tea producer Kalpo of Buzau, with sales of around RON10 million annually, run by entrepreneurs Mihaela and Eugen Achim, will switch to growth in 2022, after in 2021 pandemic restrictions hurt its sales.

DIY network Brico Depot Romania, owned by Britain’s Kingfisher, wants to develop the outlet-type chain it launched in 2020 with the opening of a unit in Chiajna, near Bucharest.

Morphosis Capital will start raising the second fund in the second half of 2022, with the target envisaging EUR100 million this year, double the value of the first fund.

Egger Romania, part of Austria’s supplier of wood-based material for furniture industry and interior decorations, construction and flooring Egger, reported EUR404 million for 2021, up around 34% from the previous year.

Dairy maker Agroserv Mariuta (MILK.RO) of Dragoesti, Ialomita county, a company that owns dairy brand Laptaria cu Caimac, has completed the construction of its second production unit, equipped with a line for cheese products and another one for butter, an over EUR3 million investment.

Erol Baeram, general manager of Cottontex, a textile industry company owning six production units in Romania, says the workforce problem is intensifying, with young people shunning this industry.

TELUS International, a company specializing in business process and IT outsourcing services, has now reached a team of 2,200 people in Romania, up from 1,500 last year and continues recruiting at an accelerated pace.

Norofert Group (NRF.RO), a leading Romanian producer of organic agricultural products, ended 2021 with a turnover of RON51.5 million, up 107% from 2020, and a net profit of RON8.2 million, up 63% from 2020, in line with its preliminary financial report.

Aquila Part Prod (AQ.RO), the largest fast moving consumer goods distributor in Romania, on Wednesday announced on the Bucharest Stock Exchange that its shareholders had approved in their general meeting a share capital increase by RON150 million, representing issuance premiums, to RON180 million.

Covid-19 was a huge economic shock, but the Romanian economy has shown resilience and its recovery is ongoing, as per the Investment Survey of the European Investment Bank (EIB).

The Bihor County Council has signed a credit contract of RON100 million (EUR20 million) with lender Raiffeisen Bank, with a 12-year reimbursement period.

The Bucharest Stock Exchange on Wednesday said the shares of Grup Serban Holding would start trading on the AeRO market, the equity segment of the Multilateral Trading System, on Monday (Feb 28), under the stock ticker GSH.

Poland’s CIECH Group, with a 75-year experience in the chemical products industry, enters the Romanian agribusiness market and establishes CIECH Agro Romania.

Deutsche Telekom changes its logo on a group level and in all national companies operating under the T brand, company officials said in a statement.

Airbus has signed a partnership agreement with CFM International, a 50/50 joint company between GE and Safran Aircraft Engines, to collaborate on a hydrogen demonstration programme that will take flight around the middle of this decade.      The programme’s objective is to ground and flight test a direct combustion engine fueled by hydrogen, in preparation for […]

Laura Alina Dezsi will coordinate the activity of the sales traditional trade, sales key accounts, consumer marketing and events management teams, reporting directly to Mr. Nawaf Salameh, Founding Chairman & CEO of the Alexandrion Group.   Alexandrion Group, the largest spirits and wine producer and distributor in Romania, announces the appointment of Laura Alina Dezsi […]

Private lending grew by 15.1% in nominal terms (6.3% in real terms) to RON326.46 billion in January 2022 compared to January 2021, as local currency lending grew by 19.5% (10.3% in real terms) and foreign currency lending by 5.2% when expressed in lei (3.6% when expressed in euros), central bank data showed Wednesday.

Playtech’s shareholders failed to ratify Aristocrat’s planned takeover of the company this week. A bid of £2.1 billion was made, with many believing the deal would go through shortly. However, the shareholders decided it wasn’t in the brand’s best interest and rejected it outright.   Needing votes from 75% of the shareholders, Aristocrat only managed […]