Romania Feed

An analysis of the digital marketing industry conducted by the Romanian company ProductLead for 2021 shows that the segment of content creators is constantly growing in the Romanian market. ProductLead is the first Romanian company to enter the influencer marketing industry with an innovative SaaS (software as a service) platform; as a result, brands can […]

Romania’s Competition Council has started an inquiry into fuel price hikes, saying it is monitoring the fuel market and arguing that prices has increased too much unreasonably.

Visual Fan (ALW.RO), a company listed on the Bucharest Stock Exchange and owner of the Allview brand, on Thursday said it ended 2021 with a net profit of RON8.5 million, up over 20% from 2020, and a turnover of over RON121 million, up nearly 17% on the year.

The Romanian Government has approved a series of derogations from the immigration legislation in order to allow Ukrainian citizens to work in Romania without the need to obtain a work permit and a long-stay visa.

TEILOR, the chain of luxury jewelry stores present across the CEE region, has appointed Roxana Achim as Head of Design & Project Management, on a group level.

Promateris (PPLRO), a Romanian industrial group and leader in Central and Eastern Europe (CEE) region in producing biodegradable and compostable packaging, estimates for 2022 revenues of RON236.1 million (EUR47.7 million), EBITDA of RON36.2 million (EUR7.3 million) and a net profit of RON21.5 million (EUR4.3 million), in line with a stock market report.

The European Investment Bank (EIB) Group provided EUR907 million in 2021 for new investments across Romania.

Aquila (AQ.RO), the largest player on the consumer goods distribution market with over 26 years of experience, has been included in the main index BET and in BET-TR, the total return version of BET, the Bucharest Stock Exchange announced on Thursday.

Net investments in the Romanian economy grew 2.1% in 2021 compared with 2020, to RON120.148 billion, data from the country's statistics board showed Thursday.

The Romanian Government has approved a series of derogations from the immigration legislation, in order to allow Ukrainian citizens to work in Romania without the need to obtain a work permit and a long-stay visa. According to the Government Emergency Ordinance no. 20 (GEO 20), adopted on March 8, 2022, all Ukrainian citizens who will […]

Promateris (BVB: PPL), a Romanian industrial group and leader in Central and Eastern Europe in the production of biodegradable and compostable packaging, estimates for 2022 revenues of 47.7 million euro, EBITDA of 7.3 million euro and a net profit of 4.3 million. The revenue and expense budget will be subject to approval by the General […]

Cargus acquired QeOPS, one of the leading providers of e-fulfillment services and customized logistics solutions in Romania, in 2021 with the purpose to strengthen its service offer for e-commerce customers, in line with strategic investments of the company over the past two years, focused on strategic grow direction  improving the general customer’s logistic, comperhensive solutions […]

Philip Morris International Inc. (NYSE: PM) today announces the suspension of its planned investments in the Russian Federation, including all new product launches and commercial, innovation, and manufacturing investments. PMI has also activated plans to scale down its manufacturing operations in Russia amid ongoing supply chain disruptions and the evolving regulatory environment. We will continue to monitor the situation […]

TEILOR, the chain of luxury jewelry stores present across the CEE region, appoints Roxana Achim as Head of Design & Project Management at the group level. Roxana has over 14 years of experience in consulting, designing, and coordinating large-scale architectural projects. At TEILOR, Roxana Achim will be responsible for the design and arrangement of all […]

Last year the European Investment Bank Group provided EUR 907 million for new investments across Romania.    The EIB Group’s engagement in the country included financing for construction of two new regional hospitals, modernization of the national electricity network to harness renewable energy and deployment of smart meters, improving energy efficiency and scaling up high-impact […]

Romania’s two carmakers, Automobile Dacia and Ford, in February 2022 produced 44,111 passenger cars, 12% more than in February 2021. Of these, 24,878 units were manufactured by Automobile Dacia and 19,233 units by Ford.

The economic forecast for Romania in 2022 initially was for 4.2% growth, but amid the Ukrainian war a recession can be expected, or, in a more fortunate scenario, a much lower economic growth, says Radu Burnete, executive manager of Concordia Employers’ Confederation representing the biggest companies in Romania.

China-held OPPO, one of the world’s biggest players on the smartphone market, has managed to reach a 10% share of Romania’s smartphone market at the end of 2021, namely in around one year and a half since officially entering the market, and wants to reach the third position on the market this year.

Mobexpert, a major player on Romania’s furniture market, with both production and retail activities, plans to open new stores, develop new products in its own plans and expand B2B services this year.

Romanian massage chair retailer Komoder plans to invest in 2022 to open showrooms in Malaga, Zurich, while readying the second showroom in London, explained Adrian Rus, founder of Komoder.