Romania Feed

Industrial space demand remains high in 2022, particularly in the western and central areas of Romania, with developers having 500,000 square meters under construction, and 44% of the area is already pre-leased, reveals a CBRE analysis.

Senior Software, a local provider, developer and integrator of software solutions for business management, has earmarked EUR300,000 to develop its operations in Timisoara, with this being the fifth city the company is expanding in.

Building materials producer Duraziv saw its turnover go up by 24% in 2021, the year it entered the portfolio of French group Saint-Gobain. Thus, the result hit RON180 million.

Bacau-based Barleta plant, producing paper bags and sacks for major supermarket chains, pharmacy networks or bakery makers, ended last year with turnover worth RON100 million (EUR20.6 million), from RON89.8 million (EUR18 million) in 2020.

Hotel compound Cheile Gradistei, controlled by businessman Ovidiu Garbacea, posted record high turnover in 2021, of RON41 million, 50% higher on the year.

Sergiana group, a major player on the meat market, but one on Brasov restaurant market, has taken over Calul Balan restaurant of Neptun and is set to open it on July 1st, after refurbishment investments.

Nuclear power producer Nuclearelectrica (SNN.RO) placed with Banca Romaneasca a term deposit without extension in the amount of RON61.28 million on June 17, 2022, the company informed shareholders via a report to the Bucharest Stock Exchange on Friday.

Currency markets are changing amid global inflation, the Ukraine-Russia war, ongoing supply chain problems, and the lagging effects of COVID business shutdowns. How can traders leverage the sometimes-rapid movement in values of international currencies? Luckily, individuals can utilize a vast range of tools offered by the top FX brokers. The European war that has raged […]

SIMION & BACIU is the winner of the 2022 Romania Firm of the Year distinction, awarded at the Managing IP EMEA Awards ceremony organized on June 15, in London. This marks the second consecutive year when the firm receives this much-coveted award dedicated to the international intellectual property community.   The highly reputable awards programme […]

If you’re a business owner in this day and age, it would help if you knew how to buy YouTube views. What does a social media platform have to do with the success or failure of any company? A lot, actually.   There are over 2.6 billion active YouTube users and more than a quarter […]

If you’re a business owner, then you know that managing your employees can be a daunting task. There are so many things to consider, from hiring and training to compliance and retention. It’s enough to make your head spin! But did you know that using human resources management tools can help make the process easier? […]

You don’t have to earn a college degree to be successful in your life. Many of the most successful people have dropped out of college. However, this has not prevented them from making great strides in their lives. Ibuyessay.com can help with college assignments to make college fun.   College might seem daunting if you […]

Are you a person who knows everything about coffee? If you enjoy brewing specialty coffee at home, but you feel like something is missing, maybe you should think about opening your own coffee roasting business. Having the possibility to drink coffee from your own roast is one of its kind. However, there are a lot […]

The Transylvania International Film Festival (TIFF) returns in full force between June 17-26, to the way it used to be before the pandemic. Business Review talked to Mihai Chirilov, TIFF’s artistic director, about post-pandemic cinema. By Oana Vasiliu   What will be the size of the lineup at this edition? Will it be smaller than […]

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, was flat on Friday and ended the June 13-17 week at 6.17% threshold.

Cigarette and vaping products manufacturer Philip Morris will invest $100 million in 2022-2023 to develop the production capacities for smoke-free products in Romania and reduce the impact over the environment.

Romania’s advertising market is likely to expand by 7.4% in 2022, being further dominated by TV, which attracts 56% of investments, reveals an analysis by GroupM.

Water bottler Calipso, owned by Florica and Daciana Siderache, expects turnover to surge by 75% this year against 2021, to RON121 million, in the wake of an extensive investment process, in line with information provided by the company’s representatives.

Tire producer Pirelli Tyres Romania, the local subsidiary of Italy’s giant Pirelli, currently owned by China’s state-owned China National Chemical, for 2021 reported turnover worth RON3.168 billion (EUR644 million), 25% higher than in 2020.

Medisprof Cancer Center, a company founded by doctor Carolina Udrea, which owns a hospital in Cluj-Napoca, is set to invest EUR2 million in Piatra Neamt oncology center .