Romania Feed

IMMOFINANZ, one of the most important companies active on the Romanian real estate market, announces the signing of a ten-year lease agreement with the retailer Profi. The contract applies to workspaces located on an area of over 4,000 square meters, equivalent to four floors of the Baneasa Airport Tower building.   “The deal comes on […]

German automotive parts supplier Continental has invested roughly EUR150 million in Romania in 2021, continuing the steps taken in the last years, during which time it has invested in high-end equipment and new technologies for the automotive sector.

Carrefour Romania strengthens its Property and Expansion teams, in the context in which supporting its physical footprint remains a strategic objective in 2022, as a pillar for its omnichannel model.   As such, the two departments are headed by Mihai Tomescu, as Hypermarket Expansion Director and Bogdan Jigman, Property & Expansion Director for the Market, […]

Starting with mid-March, controls on economic operators will be intensified, according to the National Agency for Fiscal Administration (ANAF). A joint campaign will be conducted with the control bodies of the Territorial Labor Inspectorate (ITM) to identify companies breaking the law. The undeclared work is the main target of the authorities, a phenomenon that affects […]

Paolo Gentiloni, European Commissioner for Economy, and David Rowan, a technology expert, former editor-in-chief of Wired magazine and author of the global best-seller No-Bullshit Innovation, will attend the Romanian Business & Investment Roundtable Conference, organized by the Economist Impact Events in partnership with official representatives Hazlis & Rivas and Oxygen, and Business Review as online […]

Carrefour Romania has appointed two new executives for its Property and Expansion Departments, considering that supporting the company's physical footprint remains a strategic objective in 2022 too, as a pillar of the omnichannel model.

According to EY Romania CFO Imperative study, the current role of Romanian CFOs today is more oriented on protecting value and optimizing value (38%) and less on growing value (24%), while the future ideal state shifts the focus of the Finance leaders towards the growing value activities (40%) and less on protecting the value (22%), […]

Banca Transilvania, Romania’s largest lender by assets, has revised the country’s economic growth forecast to 3.5% in 2022, from a previous projection of 5.1%, and the gross domestic product (GDP) is expected to reach EUR265 billion from EUR240 billion in 2021, in line with updated macroeconomic forecasts.

New car registrations in Romania surged by 39.2% on the year to 17.953 units in January-February 2022, placing the country 14th in the European Union, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed Thursday.

Around 70% of Teleferic Grand Hotel employees are from Asia and Dragos Fratila, general manager of the Poiana Brasov hotel says the trend of importing workforce will continue.

Entrepreneur Omer Susli, who owns furniture and home décor retail chain Homelux, beside many other businesses in various fields, is seeking land plots on which to build own logistic spaces.

Romania’s ClusterPower has set up a digital highway to Frankfurt and Amsterdam, connecting Romania to the world’s major data centers, through the almost EUR40 million project it’s carrying out in Mischii locality of Dolj county, explained Cosmin Georgescu, CEO and co-founder of ClusterPower.

Dr. Max brand, introduced by the private equity firm Penta Investments on the market in 2020, after the acquisition of Sensiblu pharmacies, generated RON2.3 billion revenue in 2021, after an increase of 21% over the previous year.

Adrian Paval and Dragoş Paval, shareholders of the DIY retailer Dedeman, the most powerful Romanian entrepreneurial business, own a stake of almost 1% in BRD Soc Gen - the third largest bank in Romania, through Paval Holding, which makes them the tenth largest shareholders of the lender.

The world has seen increased volatility in recent years, with back-to-back once-in-generation recessions and a once-in-a-lifetime pandemic preceding diplomatic tensions and a deepening climate crisis. All of this volatility is wreaking havoc with the markets, and with UK inflation rates heralding a rise in the cost of living, many will soon see their money fall […]

Over the next three years, Chief Financial Officers (CFOs) in Romania think about becoming more of a business partner to their organization, with 78% believing they will be significantly involved in strategy development and executions, followed by 69% involved in business model innovation and new revenue opportunities, as per the EY Romania CFO Imperative study.

Portugal’s EDP Renewables (EDPR), the third largest renewable energy investor on the Romanian market, said it plans to invest in additional green energy projects in Romania with a capacity of 1,000 MW, the Romanian government said in a press statement on Wednesday (March 16, 2022).

Emergn, a global digital business services company that helps companies deliver faster products and valuable customer experiences, announced its entry into the Romanian market.

Italy’s Beltrame Group, a producer of steel bars and special steels, which also owns Donalam Calarasi steel mill, said it would invest over EUR250 million for the modernization of the special steel producer COS Targoviste (COS.RO), the Romanian government announced on Wednesday (March 16).

Grocery retailer Profi, held by buyout investor Mid Europa Partners, has rented four floors in the Baneasa Airport Tower building of Immofinanz for its new Bucharest office.