Romania Feed

When you file a tax return, either with the state or the IRS, your tax return might be subjected to an audit by the IRS. According to law, the IRS has the authority to randomly or intentionally review your tax returns to review the information you provided and even check the history of your taxes […]

The COVID-19 pandemic caused a lot of distress on the market, with transactions postponed and uncertainty rising, but there is increased optimism among stakeholders who expect further growth in M&A activity in Romania in 2021, a KPMG survey showed Wednesday.

Superbet, the biggest sporting bets operator in Romania and a major regional player, will relocate its teams under the same roof in the One Cotroceni Park building, where it has leased 8,206 square meters of office space.

Broker TradeVille on Tuesday closed early a private placement for bonds issued by iHunt Technology as the bonds were oversubscribed by 23%, the issuer said in a market report Wednesday.

Logistics developer Element Industrial, owned by Ionut Dumitrescu and Muler Onofrei, is starting construction on a new logistics park - Eli Park 3 – of 72,000 square meters, in the Chitila-Buftea area near Bucharest, in an investment estimated at EUR37 million.

Private lending in Romania grew 0.5% in nominal terms and 0.1% in real terms in December compared with November, to RON282.37 billion, central bank data showed Wednesday.

Paper packaging manufacturer Segezha Packaging is investing more than EUR10 million in developing production in Romania.

Abatorul Peris likely ended 2020 with EUR70 million revenue, after having significantly expanded its sales channels, Bogdan Grama, general manager of the company that Agricover group of businessman Jabar Kanani bought from bankrupt Romsuintest Peris in 2015.

Romania’s online fashion market is expected to grow by 20% in 2021, up to RON5.1 billion, and to exceed RON6 billion until 2023, per a market research by GLAMI.ro platform, held by Czech company InspiGroup.

Romania’s central bank warns, in the minutes of its latest monetary policy meeting, that the annual inflation will probably inch up in the first two months of 2021, followed by a correction at the end of the first quarter, pointing out, however, that the liberalization of the electricity market is a process with significant uncertainty and potential implications mostly on the dynamics of the annual inflation rate.

After a year poor in events, with a cultural sector in great difficulty and with unclear prospects for 2021, professionals in the music and entertainment industry in Romania are in great need of guidance, solutions and meetings for the current and future challenges. In this context, Romanian Music Export, one of the firsts Romanian programs […]

The Combinat (www.combinat.ro) microsite wants to contribute to the growing of the visibility and the audience of the Combinatul Fondului Plastic, through a series of editorial materials about its cultural entities, positioning it (29, Baiculesti) as one of Bucharest’s and Romania’s cultural destinations. By Romanita Oprea   The project starts January 2021, by the online […]

Brico Dépôt obtained the DEKRA certification for the successful implementation of all safety and prevention measures against the spread of COVID-19 virus, in all its stores across the country and at the company’s headquarters. Therefore, Brico Dépôt becomes the first DIY retailer in Romania to receive this certification.   DEKRA “Trusted Facility” is an international […]

FEPRA International, one of the leading organizations for the transfer of responsibility in the field of packaging, has adhered as a partner to the principles of the United Nations Global Compact Initiative, the world’s largest citizenship initiative, which focuses on universal principles in the areas of human rights, labour, environment, and anti-corruption.   With this […]

Through the new Act For Good initiative, Carrefour is converting conventional shopping into a personalized experience with social impact. For every shopping session, customers receive Act For Good points helping them make good deeds, but also benefit from discounts and personalized offers. Everything is well integrated into the Carrefour app – a unique hub in […]

Cumulative investments of governments and companies in upskilling and reskilling initiatives could boost global GDP by USD 6.5 trillion and create 5.3 million net new jobs by 2030, according to ”Upskilling for Shared Prosperity” report, launched at Davos by PwC and  World Economic Forum. China will benefit the most from such an initiative, while the […]

Spanish real estate developer Gran Via wants to also continue in 2021 the extension of the Aviatiei Apartments project in capital Bucharest and the Gran Via Marina project in the city of Constanta, and is also considering building a new project in Bucharest.

Adama Agricultural Solutions, a leading global manufacturer and distributor worldwide of crop-protection solutions, has appointed Gabriela Vila at the helm of operations in Romania and Republic of Moldova.

Lidl Romania is consolidating its position as one of the best employers and, for the fifth time in a row, gets the Top Employer certification, granted by the independent institute Top Employers in the Netherlands. The company recorded maximum scores and almost maximum scores on 4 of the evaluated categories – Leadership (100%), Sustainability (99%), […]

Spanish developer Gran Via Real Estate announces results beyond expectations for 2020 on the Romanian market. Despite two months of lockdown measures due to the pandemic, the company traded 478 residential units, with a total value of EUR 44.2 million, in projects such as Timișoara 58 (phase IV and the last in the development), Aviației […]