Romania Feed

Supported by investments, Romania’s industry and agriculture, through existing capacities and competencies, can supplement EU imports from third countries, reducing costs, supply times and dependence on geopolitically and operationally risky areas. By Leonardo Badea, Deputy Governor of the Romanian National Bank   The way forward for the economic development of Central and Eastern European countries […]

Challenging times like these we live in, require an even sharper company vision, a stronger team effort and customer focus from every business. Over the past years TBI Bank has proven to have all these ingredients and the results follow.   TBI Bank’s consolidated unaudited financial results for the first quarter of 2022 show all-time […]

Bittnet Systems (BNET.RO), an IT&C solutions integrator and provider of training services in the IT sector, sold 11.9% in the capital of Dendrio Solutions to investment fund Agista Investments, for RON7.49 million.

THE IVY residential ensemble in Bucharest, Baneasa, has been granted the Green Homes certification by the Romania Green Building Council.   Currently, THE IVY’s first building is getting closer to its delivery date, in August, when the 152 apartments are going to be handed over to their owners, while sales for 3rd one will soon […]

Nestlé launches on the Romanian market NESVITA® brand, a snack of oats with fiber, vitamins and minerals. According to a study conducted by Nestlé in December 2021, for 72% of romanians in urban areas, the ingredients are the most important in the decision to purchase a food product.   That is why the new recipe […]

Sighetu Marmatiei-based Plimob, whose shareholding structure includes Vasile Godka, a major local supplier of chairs for Sweden’s IKEA, reported turnover worth RON190.5 million (EUR38.7 million) for 2021, up 7.5% year-on-year, in line with ZF calculations based on Finance Ministry data.

Maspex Romania, a major player on the soft drinks, as well as on the pasta markets, ended 2021 with RON805.7 million turnover, up almost 18% on the year, in line with ZF calculations based on company data.

German giant Bayer, one of the world’s biggest players in the chemical and pharma industry, which has seed production and fertilizer and plant protection product sales operations in Romania, projects two-digit revenue growth in 2022, after a very good first-half.

Electrical and optical fiber producer Prysmian of Slatina, part of Italy’s Prysmian group, ended the first quarter of this year with 18% higher turnover against the year-earlier period.

Construction company Procema in 2021 hit RON494 million turnover, up 28% from 2020. Profit climbed to RON35.4 million, a 62% increase, while the company’s average number of employees remained flat at around 160.

Oleg and George Tapu, the entrepreneurs owning the two DIY Artsani stores of Prahova county, have an over RON6 million investment budget for 2022. One of the plans envisages e-commerce expansion.

CTP Group, the largest owner, developer and manager of industrial and logistics space in Continental Europe, has invested around EUR160 million in the expansion of CTPark Bucharest North, which will exceed 200,000 square meters by the end of the year, as a result of strong rental demand.

Coca-Cola HBC Romania, the biggest beverage bottler locally, ended 2021 with RON2.76 billion turnover, up 13.5% from 2020, in line with ZF calculations based on Finance Ministry data.

Agroland Agribusiness, part of Agroland group, is in talks to acquire a farm and a silo, in an investment put at EUR2 million, explained Florin Radu, general manager of the company.

Tradeville, the broker controlled by entrepreneur Andrei Siminel, for 2021 reported RON29 million turnover, up 34% on the year, and net profit of RON11.8 million, 34% higher than in 2020, in line with ZF calculations based on Finance Ministry data.

Catena-Fildas group reached EUR2 billion cumulated turnover from pharmacies and distribution in 2021, up 8% from 2020, in line with ZF calculations based on company data.

Recruitment process outsourcing is a growing sector with plenty of room for expansion. Workplaces are quickly evolving, and businesses must respond and adapt swiftly to stay competitive. It is critical to be capable of efficiently sourcing and acquiring outstanding talent.   RPO provides innovative technologies, in-depth industry knowledge, and flexible approaches to ensure that today’s […]

Today, Romania is emerging as a top development outsourcing location. According to recent reports, Romania is currently one of the top 20 software development countries in the world. With roughly a 25% yearly growth rate in the Romanian software market, opportunity is booming in the IT field for enterprises and fintech startups. Therefore, tech company […]

Are you an entrepreneur, small business owner, or freelancer who wants to build a successful online presence? If so, you’re in luck! This comprehensive guide will teach you everything you need to know about creating a website, developing an online marketing strategy, and using social media to reach your target audience. We’ll also offer tips […]

Omer Tetik, CEO of Banca Transilvania (TLV.RO), Romania's largest bank by assets, sold one million shares in the lender on June 7, 2022, according to a report to the Bucharest Stock Exchange. The price per unit reached RON2.45, bringing the total to RON2.45 million.