Romania Feed

Catinvest continues the expansion of Electroputere Parc and opens a second mixed-use building adding 12,700 square meters of Class A offices and additional retail spaces, as part of a €40+ million total investment. The new building includes 8,300 square meters of offices and 4,400 square meters of retail, alongside new underground parking spaces for tenants […]

Swiss-held car parts manufacturer Satrotec AG has received the approval of Romania’s tax authority ANAF for the restructuring of RON2 million worth of tax debts, on the basis of government ordinance no. 6/2019.

Opus Land Development, the developer of the Cosmopolis residential complex, and Affidea / Hiperdia, one of the most important national networks of medical centers specialized in consultations, laboratory analyzes and high-performance medical imaging, mark the first real estate & medical partnership in Romania. As a result of this agreement, following investments of over 200,000 euros, […]

The market of non-performing receivables assignment is blocked in Romania due to excessive taxation of the amounts obtained from such transactions, a rule that entered into force on January 1, 2018. This tax treatment discouraged companies in several sectors from selling such receivables, but especially financial institutions, which often resorted to such operations to clean […]

Biofarm, one of the most important drug manufacturers in Romania, inaugurated a new production and testing facility in Bucharest, in which over EUR 35 million were invested and celebrates 100 years of uninterrupted activity.   With a usable area of over 10.000 sqm and an annual production flow three times higher than in the existing plant, […]

Duncan Crow has been appointed Technical Vice President of Ursus Breweries, supervising the three local breweries in Buzau, Brasov and Timisoara and the operational production activites.   Duncan has over 20 years of experience across the entire supply chain in the global beverages industry. Before joining Ursus Breweries, he had the role of Supply Chain […]

Employers in Romania advertised over 309,000 jobs in the first ten months of 2021, almost 10,000 more than the level reported for full-year 2020 and 16% more than in January-October 2002, data from recruitment website eJobs showed Tuesday.

The events market is not going through a good period with the restrictions caused by the COVID-19 pandemic. The changes can be seen in all aspects of the industry, from the costs to ways of communication. All are governed by uncertainty as nobody knows what the pandemic will do next.  We talked to Silviu Andrei Petran, […]

Mobile phone, tablet and accessories distributor Phonetastic GSM ended the first nine months of 2021 with a turnover of RON210 million, up 23% from the same period of 2020, amid higher sales of mobile phones, wearables, gadgets and smart devices.

The Bucharest Stock Exchange on Tuesday said the bonds issued by Ocean Credit IFN, in the amount of EUR1.86 million, will start trading on the Multilateral Trading System, under the ticker symbol OCIFN26E, on Wednesday, November 3, 2021.

Romanian BCR Group, owned by Austria's Erste, posted a net profit attributable to the majority shareholder of EUR195 million in the first nine months of 2021, up 38% year-over-year, Erste said in its earnings report Tuesday.

The recent rise in the prices of oil, gas, and power has shown us how vulnerable we all are in the face of disruptions on the energy market and how important it is to have sustainable energy production and consumption. The industry needs new investments in green energy projects to prepare the electric grid of […]

The market of non-performing receivables assignment is blocked in Romania due to excessive taxation of the amounts obtained from such transactions, a rule that entered into force on January 1, 2018. This tax treatment discouraged companies in several sectors from selling such receivables, but especially financial institutions, which often resorted to such operations to clean up their balance sheet, according to the recommendations of the National Bank of Romania.

The pandemic has taught us that caring for the environment is the key to a good life. A sustainable community needs access to local products, green agriculture, organic food, nature-based solutions, and a healthy circular economy. At the same time, it must implement smart city solutions, eco-friendly transportation, and sound waste management policies. Representatives of […]

Another installment in the #25×25 Interview Series, a special editorial project powered by Schoenherr si Asociatii SCA, featuring 25 companies that have been in business in Romania for 25 years, sees us talking to Ionuț Gherle, CEO of UCMS by AROBS.   Starting with a bit of historical background, what can you tell us about your company’s entry into […]

Technoelectric – a company with Romanian capital that produces automation systems in refrigeration installations – is in the 13th place in the Top 100 companies in Romania, a ranking based on the CANE code, in which it rose one step compared to 2020. Remarkably, Technoelectric is the only company out of the 13 evaluated with […]

Bebe Tei, a brand part of Grupul Tei, opened a new store, in Bucuresti Mall-Vitan shopping center, reaching a network of five stores of this type.

Lender Banca Comerciala Romana (BCR), owned by Austria's Erste Group, on Tuesday reported net profit of RON1.14 billion (EUR232.5 million) for the first nine months of 2021, 35% higher than in the same period of 2020, due to improved operating performance and lower risk costs.

Genesis College took over the nursery franchise Kipina Kids in 2021, an education model using Finnish pedagogy. Genesis College founder Ioana Necula said the first nursery following this model would be opened in summer 2022.

Romania had 6,000 more accommodation places at end-July 2021, but the number is half the level in the same period of 2019, in line with statistical data.