Romania Feed

PwC Romania has promoted Ana Maria Iordache to the role of Partner in the Tax and Legal Advisory practice, starting July 1, 2023.

IKEA Romania, one of the largest furniture and home décor retailers, part of Swedish IKEA Group, has opened on Thursday (June 8) its third store in Romania, in the locality of Dumbravita, near Timisoara (western Romania).

SII Romania, a company specializing in IT services and solutions, ended the 2022 – 2023 fiscal year with a turnover of EUR33 million, up nearly 68% versus the previous fiscal year, according to company representatives.

tbi bank has concluded a partnership with payment processor EuPlatesc.ro, which works with almost 2,000 merchants, in order to offer consumers the possibility of paying their purchases in installments.

The latest survey carried out by eJobs Romania shows that 86% of employees felt at least once during their professional career that their rights were violated by employers.

Romania’s gross domestic product grew by 2.3% in real terms (in unadjusted data) in the first quarter of 2023 as compared to the first quarter of 2022, due primarily to commerce, IT&C, constructions and net taxes, while the industry had a negative contribution to the GDP evolution, provisional (1) estimates from the country's statistics board INS showed on Thursday (June 8).

Romania’s real estate investment market ended the first quarter of 2023 with deals worth EUR120 million, accounting for almost 10% in CEE-6 volume, reveals a Colliers analysis.

SeedBlink platform is expanding its presence in Germany, Austria and Switzerland, where it wants to invest over EUR1.5 million in 2023 in eight startups and twice as much in 2024.

Cristina Batlan and Roberto Batlan, the founders of footwear and accessories brand Musette, are investing in Energoloop startup, founded in partnership with Eduard Fariseu, which operates as a photovoltaic hub providing solutions for the completion of self-consumption projects in the industrial field, but also for photovoltaic parks.

Sweden’s fashion retailer H&M has set up a new company in Romania, this time an IT one.

DCH International, a Danish holding specialized in pork production, which controls Premium Porc Group in Romania, has a EUR10 million investment budget.

E-P Rail, the rail freight transport company controlled by Radu Gheorghiu, in 2022 reached RON492 million turnover, slightly up from 2021, according to the company’s officials.

Expanded polystyrene producer Hirsch Porozell ended 2022 with RON240 million turnover after a 17% increase on the year.

Danish roof window manufacturer Velux in 2022 generated RON73 million turnover in Romania, 16% higher than in 2021. The RON685,000 profit was however smaller than the over RON900,000 level reached in the previous year.

​Alka Group, one of the largest players on the salty and sweet snacks market and the producer of Toortitzi crackers, has recently completed a new investment round at its production unit in Ploiesti (Prahova County), reaching total investments worth EUR25 million.

Cargus, one of the largest parcel delivery companies in Romania, expects 20% higher revenue in 2023, the company said. This year’s plans are to expand to other countries in Europe.

Lion Capital (LION.RO), formerly SIF Banat-Crisana (SIF1.RO) sold its 5% stake in vegetable oil producer Argus Constanta (UARG.RO) in the June 2 session, a report to the Bucharest Stock Exchange says.

​Medicover Romania, the third largest player on the private medical services market, has opened a new hospital in northern Bucharest, in the Pipera area, following an investment of EUR31 million.

Romanian producer of organic farming inputs Norofert (NRF.RO) has notified shareholders about taking out a RON5 million loan from CEC Bank to use for working capital, a report to the Bucharest Stock Exchange shows.

Filbo, a fintech providing financing to micro-enterprises and entrepreneurs, has concluded a partnership with Flip.ro, an online platform for the purchase of refurbished mobile telephones, through which entrepreneurs can buy refurbished phones for their business activity.