Romania Feed

Lender ING has lowered its economic growth projection for Romania to 3.2% in 2022 from 4.5% previously, and kept unchanged its projection for 2023 at 4.5%, ING Romania chief economist Valentin Tataru said in an analysis.

Lender Banca Comerciala Romana (BCR) has revised its forecast on Romania’s economic growth down to 3.2% in 2022 from a previous forecast of 4%.

Construction materials manufacturer Prefab Bucuresti (PREH.RO) had a turnover of RON99 million in 2021, up 12% from 2020, and its net profit soared by 77% to RON10.8 million, in line with the company’s financial report released Tuesday.

AFV Beltrame Group, the shareholder of Donalam, one of Europe’s largest producers of steel bars and special steels, has received the approval of Romania’s Competition Council for the acquisition of the functional production assets of the special steel plant (COS) Targoviste which currently faces judicial reorganization.

Auchan Retail inaugurates a new logistics center, the second in Romania, located in the northwest of the country, in Călan city, Hunedoara County. With a storage surface of ​​22,000 m2, the new warehouse accommodates both ambient and fresh products, as well as office spaces. The entire campus, planned to be expanded in the coming years, […]

German-held home appliances manufacturer Miele Romania had a turnover of RON80 million in Romania in 2021, up 28% against 2020, and washing machines, vacuum cleaners and kitchenware were the most sought-after products.

The demand for industrial space in Romania has exceeded the threshold of one million square meters in 2021 for the first time ever for the market, with the lease activity being fueled by new contracts which accounted for over 80% (802,000 square meters) of the transacted volume, in line with data from real estate consulting firm Cushman & Wakefield Echinox.

A Speaker in All Star | Employer Branding panel at BR’s recent Working Romania HR Conference, Andrei Frunza, CEO eJobs, undresses the statistics and the expectations of both the companies and the employees.   General tendencies on the job market Andrei Frunza, CEO eJobs, elaborate their views on general tendencies discovered on the job market: […]

A Speaker in All Star | Employer Branding panel at BR’s recent Working Romania HR Conference, Andrei Cretu, Co-founder Pluria, shares his perspective on keeping the employees satisfied and productive, while the companies must face the challenges of these pandemic times.   For Pluria, Andrei Cretu, Co-founder, says that this change in the ways of […]

GTM Managing Services, the Romanian company that developed the Carfix mobile application for personal car management, announces the launch of Carfix Connect, a complete ecosystem of business to business solutions for professionals in the automotive industry.    Carfix Connect (carfixconnect.ro) is an online platform that facilitates direct collaboration between companies involved in car damage, repair […]

Eight in ten (81%) companies in Romania plan to increase salaries in 2022 although they say the professional experience of candidates is bad and their salary demands are too high, in line with a survey by recruitment website eJobs, held by Swiss company Ringier.

PayU, the leading fintech and online payments provider across high-growth emerging markets, has today announced that a new innovative credit solution developed by PayU is now available to Romanian shoppers. Bucharest-based online retailer eMAG is the first partner to offer its customers the possibility to either postpone a payment or to pay in four instalments for all […]

Philip Morris Romania was named as a Top Employer in Romania for the 8th consecutive year. The certification is further recognition of PMI’s excellence in people practices, firmly establishing the company among the ranks of employers of choice focused on meeting the needs of a globally diverse workforce.     “The recognition of Philip Morris Romania […]

A Speaker in All Star | Employer Branding panel at BR’s recent Working Romania HR Conference, Paula Rus, Operations Manager Adecco Romania, explains their perspective and ways of keeping the talents, but also the challenges faced by the companies through these difficult times.   For Adecco Romania, Paula Rus, Operations Manager, says that we live […]

While 2021 brought the first major concerns for the local construction sector, 2022 began with several ominous signs, including price hikes for materials, a pause in approvals for new buildings in Bucharest, as well as a medium-term threat: the potential elimination of fiscal facilities for construction companies. A brief SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) […]

After 2019, the darkest year for Romanian exports in the post-crisis period of 2008-2009, the first year of the pandemic (2020) was an even tougher one in terms of the evolution of the country’s trade balance: covid-19 eroded exports by 9.9 percent compared to the previous year.   By Claudiu Vrinceanu    Romania remained the only […]

As 2022 starts out with big plans for Romanian companies and investors, there’s more excitement around early-stage ventures and rapidly-growing firms than ever before. The triumph of a good team relies on many factors, including founder types, business models, capital, and products. BR has compiled a list of some promising companies in various verticals by […]

Romanian state-run power grid operator Transelectrica (TEL.RO) reported total operating revenue of RON3.7 billion in 2021, up 58% on the year, and a loss of RON6 million versus a net profit of RON145 million in 2020, the company’s preliminary financial report showed Tuesday.

Romania's gross domestic product (GDP) grew 5.6% in real terms (in unadjusted data) in 2021 compared to 2020, the country’s statistics board INS said Tuesday.

Rehau, a German manufacturer of window, installation and furniture solutions, has started the process of obtaining the necessary permits to start the construction of a regional hub in Sibiu, in order to serve the market and customers more easily and to be closer to European roads.