Romania Feed

Natural gas producer and supplier Romgaz (SNG.RO), the most valuable state-run company listed on the Bucharest Stock Exchange, had about RON3.4 billion in cash, cash equivalents and other financial assets, such as bank deposits and government paper as of September 30, 2021, the latest financial data available show.

With a R&D intensity of 0.5% of the gross domestic product (GDP), Romania ranks last among European Union Member States, data from Eurostat, the statistical office of the European Union, showed on Monday.

Aquila Part Prod, the largest player on the consumer goods distribution market with over 26 years of experience, has started trading its shares on the Main Market of the Bucharest Stock Exchange under the ticker symbol AQ, on Monday (Nov 29).

Xiaomi’s campaign, “Mi 11 – Movie Magic”, created by Xiaomi Romania and Confident Communications, was recognised with two Silver trophies in the categories Brand PR – New products and services and Tech PR & Communication of innovation, at the Romanian PR Awards 2021 Gala. The 19th edition took place online on November 25, with the […]

The Bucharest Stock Exchange on Monday said the bonds issued by Libra Internet Bank worth EUR40 million would start trading on the Main Market on Friday (December 3), under the ticker LIBRA28E.

DOUGLAS, Europe’s leading premium beauty platform, announces the doubling of the number of Romanian brands included in the RO Brands category. The category was launched in 2020 to support local brands and give consumers the chance to buy cosmetics from as many local manufacturers as possible.   RO Brands, the category launched last year on […]

Managers in Romania expect relative stability of the economic activity and in the manufacturing industry, retail trade and services, alongside a robust growth in prices of construction works and in retail prices for the period between November 2021 and January 2022, data from the country’s statistics board INS showed Monday.

Unirea Shopping Center (SCDM.RO), which operates two retail centers in Bucharest and Brasov, on Monday said it registered a loss of RON36 million in January-June 2021, compared to a net result of RON7.1 million in the year-earlier period, as a result of setting up provisions worth RON29 million relate to the company’s activity.

In 2020, Covid-19 narrowed the prosperity gap between rich and poor countries as the former were at first the most affected. In addition, the crisis may also have accelerated long-term structural trends that will not be favorable to many emerging economies.   Covid-19 will increase income inequality between richer and poorer countries since the latter […]

P3 Logistic Parks announces the consolidation of its partnership with the local subsidiary of the international group Número Uno by signing a long-term lease agreement for the 3,000 square meters of logistics and office space that the tenant occupies within P3 Bucharest A1.   Sînziana Pardhan, Managing Director for P3 in Romania, said: “We are happy […]

As a new week has started, many Romanians are already on a short holiday break, with business and public institutions also granting November 29 as an extra free day, linking the weekend with the upcoming consecutive public holidays: St. Andrew’s Day (November 30) and National Day (December 1).   St. Andrew’s Day has been a […]

With the end of the year drawing closer and bringing along an increasing number of promotional campaigns and contests organised by the economic operators for their clients, we would like to plainly and simply reiterate “rules of the game”. Authors: Raluca Pușcaș (partner), Irina Oprea (associate), Filip & Company Business Law   Promotional campaign vs. […]

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 2.66% a year on Monday (November 29) from 2.63% a year on Friday (Nov 26), per central bank data.

Do you own a commercial business and you’re stumped about what’s going on? Your company may appear to be operating normally, but you know it’s not up to standard. This suggests there are things you should examine closely and act on.    However, you don’t have to figure these things out on your own all […]

There are many reasons why good product packaging is important for your business. Whether you’re launching a new brand or trying to differentiate your products from the competition, having well-packaged items will ensure that customers are drawn to purchase them over others. Here’s what the importance of good product packaging means for your business.   […]

Ion Bican, managing officer of CER Cleaning Equipment, the company operating the production of Germany’s Karcher domestically, says the company is set to end 2021 with EUR110 million.

Corporate Office Solutions (COS), specializing in turnkey office interiors, will enter the segment of custom made furniture production through a possible acquisition as the company wants to tap into the housing segment of the real estate market, as well as international markets, explained Christophe Weller, founder and CEO of COS.

Sanitary ware manufacturer Cersanit expects 2021 turnover to rise by over 20% against 2020.

“We’re constantly seeking specialists, having around 30 open positions at present,” says Ovidiu Pascutiu, general manager of Saint-Gobain Romania.

Walter Friedl, managing partner of wine producer Lacerta, expects the company’s 2021 turnover to be flat from 2020. Last year, turnover hit RON4,9 million, down 24% year-on-year.