Romania Feed

Studying is the bedrock of higher education. It’s what college students do in their off hours, and most colleges and universities factor study time into calculating the time requirements for a college course. In general terms, students are expected to study three hours for every hour they spend in class. But with studying being so […]

Car parts manufacturer Coindu Romania, part of Portuguese Coindu Group, currently has 50 job openings at its factory in the locality of Curtici (Arad County), in line with data on the website of the local employment agency in Arad.

Pilis Food, a company founded by Romanian entrepreneur Puiu Elisei, has acquired the local bankrupt mushroom compost plant East Champion Union Cooperativa Agricola.

The international airport in Oradea (western Romania) launched in the Electronic Public Procurement System (SEAP) the tender for the development and modernization of the airport infrastructure, an investment estimated at RON81.5 million (EUR16.5 million) excluding VAT.

Banca Transilvania (BT.RO), the largest bank in Romania by assets, will be finalizing the integration of Idea Bank into Banca Transilvania financial group on June 13, 2022, almost one year since the signing of the purchase agreement.

Most Romanians (77%) fear a possible economic crisis in 2022 and the rising consumer prices represent their biggest fear, in line with a survey conducted by Avangarde.

Romania’s mergers and acquisitions (M&A) market recorded 48 transactions in the first three months of 2022, 17% more than in the first quarter of 2021, as per an analysis by consulting firm Ernst&Young (EY).

Suceava-based paving stone manufacturer Symmetrica has announced an investment of EUR10 million to fully retrofit its factory in Veresti (Suceava County), the company’s first production unit inaugurated in 1999.

CBRE Romania assisted S IMMO AG, in the acquisition of EXPO Business Park, an office complex located in the north Bucharest.   This transaction is the first one from CBRE Romania’s record pipeline for 2022, a pipeline with a value of over 1 billion euro and assets from all segments of commercial real-estate. “Investor interest […]

Recommerce Group, a pioneer and leader in Europe in the field of smartphone refurbishment, has concluded a strategic partnership with Auchan Retail Romania.   Through this, the smartphones refurbished by Recommerce Group are sold in 30 of the Auchan hypermarkets in Romania, located in Bucharest, Cluj, Craiova, Sibiu, Timisoara, Constanta, Brasov, Suceava, Bacau, Baia Mare, […]

The Romanian mergers and acquisitions (M&A) market recorded 48 transactions1 in the first three months of 2022, a 17% increase compared with the first quarter of 2021.   Despite the higher volume of deal making, the estimated value of local M&A activity was lower on a year-on-year basis, at USD 1.8bn2 in Q1 2022 vs […]

Financial analysts expect Romania’s central bank to increase its benchmark interest rate to at least 4.25%, the national currency to depreciate to an average of 5.082 units to the euro and the inflation is seen averaging 8.03% in the next 12 months, a monthly poll by CFA Romania showed Tuesday.

Cornerstone Communications, a local consulting firm specializing in investor relations and capital markets advisory, together with MIA Marketing, a Romanian market research company, published a new series of results from the study regarding the capital market and the analysis of the behavior of Romanian retail investors.

More than 60% of Eastern European Chief Financial Officers (CFOs) say their businesses have returned to pre-pandemic levels – the end of 2019, according to the CFO Panel 2022 survey conducted earlier 2022 by management consulting company Horváth.

Nine in ten companies in Romania will invest in staff reskilling and training for their financial departments, as they implement and use new technologies for daily activities, in line with the latest edition of the Deloitte CFO Survey Romania, conducted among over 100 Chief Financial Officers (CFOs) in Romania.

Perfumery chain Douglas, which entered Romania in 2007, continues its expansion in the country and opens three new stores outside Bucharest, in Corbeanca, Targoviste and Alba Iulia. To this end, a partnership has been agreed with real estate developer Prime Kapital, the company said in a press release.

Germany’s Bosch is consolidating its development activities in Romania and the strategic position within its global engineering network, by expanding the Bosch Engineering Center in capital Bucharest, within the company’s head office.

Electricity distributor and supplier Electrica (EL.RO) on Monday said the Board of Directors approved on April 15 the consolidated value of the Investment Plan (CAPEX) of Electrica Group for 2022, in the total amount of RON750.5 million, as per a stock market report.

The number of employees in the Romanian furniture industry continued to decrease in 2021, although at a more moderate pace compared to previous years, reaching 54,700 employees in 2021, in line with data from Romania’s association of furniture manufacturers APMR.

Enel X Romania, part of Enel X, the advanced energy services division of Italy’s Enel Group, said in a statement that it put into operation two photovoltaic power plants, with a total installed capacity of over 900 kWp, for two stores of cash & carry chain Selgros, located in the counties of Mures and Timis.