Romania Feed

In Romania, 67% of the people who participated in a survey, slightly above the average in Eastern Europe (65%), believe it is very important to be able to demonstrate that their organization operates with integrity, according to the 2022 EY Global Integrity Report.

Romania’s industrial production increased by 7.1% in unadjusted data in 2021 compared to 2020, data from the country’s statistics institute showed Monday.

Sameday, one of the largest players on the local courier market, announces that it is moving towards an increasingly sustainable delivery and that it aims to reach the 0 threshold of carbon emissions for deliveries to easybox lockers. Its network of energy autonomous easyboxes has reached 10 units after the company invested in expanding nationwide. […]

Carrefour Romania announces a new wave of promotions, continuing the policy of supporting its own representatives in key positions. Silviu Diaconu, former Purchasing Director for Fresh Products, has been appointed Director of Supeco, the discount brand of Carrefour Romania, thus taking over the position held until recently by Gabriel Cubanțov, who becomes Director IMT (International […]

More than half (55%) of employees and leaders from companies around the world believe that standards of corporate integrity have stayed the same or worsened over the last 18 months, according to the 2022 EY Global Integrity Report.    While a record (97%) respondents to the survey agree that integrity is important within their organizations, […]

Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) ended 2021 with a turnover of RON212 million, up 10% on the year, and a net profit of RON5.7 million, up 55% form the same period in 2020, in line with the company’s financial report.

Pharmacy chain Minifarm expects to reach a RON300 million turnover mark and a 100-unit pharmacy chain, according to company officials.

Romania's annual inflation rate climbed to 8.4% in January 2022 compared to January 2021, continuing the upward trend of December 2021 when the inflation rate advanced to 8.2%, data from the country's statistics board showed Monday.

I’ve got to be honest with you: Prior to March 2020, we had no intention to raise money. Coming off of our Series C in January 2020, the plan was to stay the course. With the economic uncertainty, we were comfortable with the funds we had available, so a “wait-and-see” approach seemed the most prudent. […]

Countless security threats exist in the digital world. Even the most traditional businesses use modern information technology (IT) solutions with network connectivity. If appropriate steps aren’t taken to protect your business data and systems, your finances, valuable data, and even your company’s future will be at risk.   With that in mind, you must use […]

Due to technological advancements in recent years, customers resort to the internet to look for the right products that can satisfy their immediate needs. As organizations go online to attract consumers, they gather consumer information to understand how they can further develop their products. However, as transactions happen online, entrepreneurs are responsible for protecting confidential […]

Atos Romania, the local subsidiary of French company Atos, with over 3,000 employees on the local market at present, seeks to recruit over 1,000 IT specialists by the end of 2022, of whom 400 are juniors.

Achilleas Kanaris, the CEO of Vodafone Romania, shares his professional story with Business Review and sets some coordinates for young people who are thinking of pursuing a career in the telecom industry. By Anda Sebesi   Vodafone Romania CEO Achilleas Kanaris’s original career plan after graduating from university in the UK as an engineer was […]

On February 11, 2022, at 14:50, two special transactions of 40 million shares of SIF Muntenia (SIF4.RO) worth RON62.6 million, were registered in the Bucharest Stock Exchange system.

Deep-tech startup Humans.ai has entered into a partnership with digital assets and blockchain technology investment firm Morningstar Ventures. The move will deepen Humans.ai’s presence in the Middle East region and advance the company’s mission to establish the first framework for ethical AI with blockchain technology.    Morningstar Ventures is one of Human.ai’s main investors, and […]

Starting this month, ING customers can close their personal loans 100% online through full advance repayment. Therefore, the bank offers an end-to-end online process, where customers have complete control over the opening, payments management and the closing of a personal loan directly from ING Home’Bank, regardless if they obtained it via the ING Office network […]

Karpaten Turism, one of the biggest players in the Romanian tourism sector, controlled by Gheorghe Marginean, reported sales of EUR70 million in 2021, higher than in 2019, before the pandemic, and targets a turnover of EUR100 million in 2022.

Agroland Business System (BVB: AG), Romanian entrepreneurial retail, agriculture, and food group, which operates the largest network of agricultural stores in Romania, estimates in 2022 a turnover of 241 million lei, EBITDA of 20.7 million lei and a net profit of 13 million lei. In 2022, the company envisages total investments of approximately 17 million […]

Since early 2021 inflation has picked up both in advanced and emerging economies. In some countries it has reached the highest levels for the last decades. Up until recently, the expectations among policymakers in advanced economies were that inflationary pressures were temporary and inflation would revert to central banks’ target rates in the medium term. […]

Romania's nuclear power producer Nuclearelectrica (SNN.RO) announced in a stock market report on Friday the decision of its Board of Directors of Feb 10, 2022 - based on the recommendation of the Nominalization and Remuneration Committee - to appoint Dan Niculaie-Faranga as interim Chief Financial Officer (CFO), for a four-month mandate, effective Feb 11, 2022.