Romania Feed

g7 Marketing, a key player in the Romanian Retail Marketing industry, announces the merger with Wavecrest Group, a leading European shopper marketing & experiential agency, embarking on a journey to create the next-gen brand amplification agency.   Established in 1999, g7 Marketing cares about growth. Growing clients’ businesses, its own business, and the people inside […]

Romania's foreign exchange reserves increased by EUR419 million in May 2022 versus April 2022, to EUR40.5 billion, central bank data showed Thursday.

A new competitor enters the Bucharest private medical services market. Doctor Gabriel Balcangiu Stroescu and assistant professor Doctor Andra Balcangiu Stroescu opened the Doctor Balcangiu – Stroescu Clinic following an investment of over 800,000 EUR.   The clinic is located in Pipera and provides services covering 8 medical specialties: dermatology, nephrology, diabetes, nutrition and metabolic […]

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 5.99% a year on Thursday (June 2) versus 5.97% on Tuesday (May 31), as per central bank data.

The Grown – Up Playground is the latest Globalworth project, based on a creative idea signed by Ogilvy Romania, that has as main objective a different kind of a little reminder: the importance of play in adults’ life, as a source of mental health.   Between June 1st and 10th, The Grown-Up Playground becomes the […]

TEILOR Holding SA, a group of companies that includes the chain of luxury jewellery stores, TEILOR, the financial lending company Invest Intermed GF IFN, and Teilor Invest Exchange, announces the appointment of Mircea Varga as Chairman of the Board of Directors.   The Board of Directors of TEILOR Holding consists of three members – Mircea […]

BAT, the largest tobacco company in Romania, has contributed over 125 billion euro to the economy during its 25 years of activity on the local market.   Out of this amount, the company has paid almost 24 billion euro directly, or close to 1 billion EUR per year, as excises and other taxes, salaries, and […]

Starting this afternoon, Uber will be available in Arad. Uber has been present in Alba Iulia as well starting from the beginning of May.   From 2nd of June to June 5th, new users in Arad can use the discount code HELLOARAD for free UberX rides, for 4 trips up to 11 Lei per trip. […]

ABC Plus Media, the company that operates television channel National TV, recorded losses of RON1.1 million (around EUR225,000) in 2021, in line with Finance Ministry data.

Dogan Media International, part of Turkey’s group Dogan, which operates television channel Kanal D and Radio Impuls network, reached turnover worth RON266.6 million (EUR53.9 million) in 2021, 22% higher than in 2020, in line with Finance Ministry data.

Campus Media, the company that operates television channel Digi TV, controlled by DIGI group, reported turnover worth RON81.3 million (EUR16.4 million) in 2021, up 12% from 2020, in line with Finance Ministry data.

Clever Media Network, the company that operates television channel Prima TV, reported turnover worth RON212 million (around EUR42.8 million) for 2021, up 11% on the year.

Fondul Proprietatea (FP.RO), with stakes in Petrom, Alro Slatina, Aeroporturi, has hired the famous investment bank Rothschild for financial assistance in the listing of electricity producer Hidroelectrica on the capital market, according to ZF sources.

HeidelbergCement Romania, the local subsidiary of Germany’s group by the same name ended 2021 with 1% rise in revenue to some RON1.3 billion.

Cement manufacturer Romcim, previously known as CRH Ciment, posted growth of 4% in revenue to RON1.4 billion in 2021, the latest data available on the Finance Ministry website show.

Ramona Bratu, Marketing Director at ALDA Romania, the company behind the SAGA Festival, sat down with Business Review to talk about the upcoming second edition of the festival and offer an overview of ALDA’s other projects in Romania and all the backstage efforts involved in organising these events.   With the second edition of the […]

Swiss-held Holcim group, the largest construction material manufacturer in Romania via its local subsidiary, saw its revenue increase by 8% to RON1.7 billion year-on-year in 2021, Finance Ministry data show.

BCR Asigurari de Viata, part of Austria’s Vienna Insurance Group (VIG), ended 2021 with RON30.7 million profit, an increase of 2.7% on 2020 and intends to disburse RON24.8 million dividends from it, its 2021 report says.

Ford is taking the next significant step in its transformation in Europe. Effective June 1, 2022, Martin Sander becomes General Manager, Ford Model e, for Ford in Europe.   Ford Model e, Ford’s new global business unit, was introduced earlier this year as the company accelerated the transformation of its global automotive business. Martin Sander, […]

Amazon is opening the online food delivery business just as leading local firms Swiggy and Zomato cut their staff to navigate through the coronavirus outbreak and many months after Uber Eats left the country. Amazon’s entry comes at the perfect time.   Today, the e-commerce behemoth food amazon that has spent more than $6.5 billion […]