Romania Feed

Agrinvest Credit IFN, a company specialized in financing the Romanian agricultural sector, on Monday said it plans to grant new loans worth over RON45 million in 2022 after the volume of loans granted surged by over 280% at end-April 2022 compared to the same period in 2021.

Nordis Group, a real estate developer of premium hotel and residential complexes, has started construction works at the five-star Nordis Brasov 5 complex, with an investment estimated at EUR26.4 million and due for delivery at the end of 2023.

Furniture manufacturer Elvila (ELV.RO) ended the first quarter of 2022 with RON1.73 million loss, higher than RON1.66 million in the year-earlier period, and a turnover of RON6.1 million, down 17.7% on the year, as per calculations by Ziarul Financiar (ZF) daily based on data from the company’s quarterly report.

The Romanian office of regional law firm Wolf Theiss has expanded its team by hiring four lawyers in the Investigation, Crisis Response and Compliance and Competition and Regulation practices.

Grocery retailer Profi, held by buyout investor Mid Europa Partners, had a turnover of RON9.5 billion in 2021, up 7.8% from 2020.

Supply chain challenges arising from the COVID-19 pandemic and Russia’s invasion of Ukraine could result in a potential EUR920 billion combined losses to gross domestic product (GDP) across the Eurozone by 2023, as per a report released by Accenture.

The Bucharest office of CEE / SEE law firm Wolf Theiss has extended its team of lawyers with new recruitments within two practice groups: Investigations, Crisis Response & Compliance and Competition & Regulatory.   Following the recent announcement of Dana Toma and Ana-Maria Mustăţea joining the Real-Estate team, Wolf Theiss welcomes further four new lawyers […]

Cyber-attacks have reached an unprecedented level and the global phenomenon is becoming more and more visible in Romania.

ING Bank posted RON276 million net profit in the first quarter of 2022, 67% higher than in the year-ago period, while revenue rose 23% to RON667 million.

Lemon Retail Park, built by Synergy Construct in Bucharest's northern area of Pipera, following an investment of EUR15 million, will be inaugurated in September 2022, real estate consulting firm CBRE said on Monday (May 30).

It can be difficult to reach a wider customer base when you have a new product. You may have the best product in the world, but if no one knows about it, then it won’t sell. It’s important to find ways to get your product in front of potential customers so they can see what […]

The Romanian company Color Smart Distribution, the only importer and distributor in Romania and the Republic of Moldova of the premium brands Novacolor and Pittsburgh Paints, has budgeted in 2022 an investment of over 500,000 euro, for expansion.   In addition, the company allocates 3-5% of its annual revenues for sales support materials, and a […]

The Romanian legal context creates an unfair and insecure environment for same-sex families. Romanian law specifically prohibits same-sex marriage in Romania and also does not recognizes same-sex marriages registered in other countries.   For an LGBTIQ+ employee, it is impossible to co-insure the life partner in the public health insurance system, it is impossible to […]

EXPERT INSOLVENŢĂ SPRL, as the Judicial Administrator of, SOCIETATEA COMPLEXUL ENERGETIC HUNEDOARA SA, announces the wholesale by public auction of the assets: Mintia Thermo-Electric Power Station – The total starting price of the auction is EUR 91.236.832,87, excluding VAT. As regards the VAT, the legal provisions in force on the transaction date will be applied.   Mintia Thermo-Electric Power […]

Delgaz Grid, German utility group E.ON's natural gas and electricity distribution company in Romania, on Monday announced investments of RON719 million (EUR143 million) in 2022, mostly to upgrade, expand, automate and digitize the natural gas and electricity distribution grids.

42% of the employees, according to the survey, would like to work abroad. What makes almost half of the respondents pursue this trend of working for foreign organizations?   One of the key reasons is the digital revolution. Today, it is enough to have a laptop and WifI connection to do a vast amount of […]

Running an online business can be a very lucrative venture, but it can also be quite risky. One of the biggest dangers that you face is fraud. Fraudulent transactions can cost your business a lot of money, and they can also damage your reputation. Exactly experts will also talk about protecting yourself from scams and malware. Let’s […]

European online fashion retailer Zalando, which already has a presence in 25 countries, launched in Romania on Monday. The retailer carries 350,000 products from 1,700 brands, and expansion in Romania is a continuation of the expansion in Europe.

Well in the aftermath of the pandemic now, with (almost) all restrictions lifted in (almost) all countries, companies are assessing the scale of change incurred by COVID 19, what adjustments were made for short term only, what developments are there to stay. As ultra-fast digitalization was one of the key trends that emerged during the […]

Medical Shopping Zone S.R.L, the only distributor of LAICA brand products on the Romanian market, announces a 14% increase in turnover in 2021, with sales of 2.4 million euros.   For 2022, the company estimates an increase of about 10%. Sales growth has been sustained by the lifestyle changes in client’s consumption behavior during the […]