Romania Feed

„I strongly believe that advancing gender equality in all contexts is a driver of progress and I salute the initiative of the Civil Society Development Foundation and Frivillighet Norge to open a discussion about human rights from a gender equality perspective. Through the EEA and Norway Grants, Norway is successfully cooperating with Romania in several […]

Integrated mobility services provider Autonom Services, controlled by brothers Marius and Dan Stefan, and Tiriac Group signed an agreement for the acquisition of Tiriac Operating Lease (Premium Leasing SRL), a business with annual revenues above RON80 million and assets worth more than RON200 million.

Germany’s retailer Kaufland, the second largest player in Romania’s food retail by 2020 turnover, reached 148 stores in Romania in 2021 after opening ten stores.

Radu Savopol, cofounder of 5 to go coffee shop chain, says 2022 expansion plans envisage the opening of another 200 units, double the number of units opened last year.

Dumagas, one of the biggest freight carriers in Romania, controlled by investment fund Bancroft, ended 2021 with EUR32 million turnover and for 2022 expects to see turnover rise by 20%, according to Mircea Vlah, general manager of the company.

Paint and coatings manufacturer Kober, owned by the family of the same name of Neamt, has budgeted investments to boost production in 2022.

Radu Timis, one of the most powerful entrepreneurs in Romania’s food industry, who, together with his wife, founded cold cuts producer Cris-Tim around 3 decades ago, is in talks with China-held Smithfield, Romania’s biggest pork producer, on a possible partnership, according to ZF sources.

ROCA Industry, the holding company that brings together manufacturers of building materials from the ROCA Investments investment platform portfolio, such as Bico and Sarcom, will start trading on the AeRO market of the Bucharest Stock Exchange, with the ROC1 shares to be listed at the end of this month, ZF has found.

PepsiCo, one of the leaders of the food and beverages industry and the second largest player on the Romanian soft drinks market, on Monday announced the appointment of Annie Griffith-Swain to the position of HR Director PepsiCo East Balkans.

Following three years of implementation and two years of pilot iterations, as well as the validation of Pilot Data and Operational Data Products, the BEACON project is successfully reaching its end.   Results showed that BEACON toolbox managed to achieve in terms of service uptime and thus significantly reducing the Agricultural Insurance (AgI) process cycle-time, […]

There is a lot of growth potential for the businesses that are already involved in firearm manufacturing and those thinking of entering the space. It is a very big market already and it is poised to become even bigger.   The global ammunition market is huge. In 2020 it was worth 10760 million USD. The […]

Ever struggled for hours in bed only to find yourself waking up tired? You are not alone. According to a survey, around 70% of adults face difficulties with sleeping.   No matter how hard you try, the frustration of having poor sleep can be overwhelming at times. But, instead of giving up, try to find […]

For organizations looking to grow their international presence, Taiwan offers the perfect location for making inroads into Asia. As a result of their foreigner-friendly practices, business is booming in Taiwan. Even with the hit of the pandemic, the country has managed to maintain its economic growth. In fact, business in Taiwan grew approximately 3.12% in 2020 […]

Infineon Technologies, specialized in semiconductor production, wants to recruit 27 specialists on the Romanian market, for roles such as senior analog design engineer, automotive software engineer, design methodology engineer, system simulation engineer for automotive power systems or test development engineer for intelligent motor control ICs,.

Private healthcare services provider Gral Medical, one of the biggest on Romania’s market, controlled by Romanian entrepreneur Robert Serban, ended 2021 with EUR43 million turnover and for 2022 expects to reach the EUR50 million threshold, according to the company’s officials.

Romania’s tourism sector in 2021 generated revenues worth $1.1 billion, with the biggest receipts recorded by operators that sold holiday packages, namely travel agencies, and by hotel owners, in line with statista.com data.

Business Review continues the #25×25 Interview Series with another episode featuring a company that has been for 25 years on the Romanian market: SofMedica Group. For this occasion, we sat down with none other than the Group’s CEO & Co-Founder, Georgios Sofianos.   Starting with a bit of historical background, what can you tell us about […]

Wellness and relaxation complex Therme Bucharest plans to invest another EUR50 million in the next five years in expansion and new facilities.

DN Agrar, a Dutch-held group of firms operating in the fields of animal husbandry, farm production, farming services, logistics, transportation, tourism and advisory services, got the greenlight from the Competition Council to acquire cattle farm DN Agrar Apold from Dutch investment fund Garbova CV.

Nuclear power producer Nuclearelectrica (SNN.RO) on Friday notified shareholders and investors that based on the order to open a negotiated interest deposit, the company placed a RON52.5 million deposit with CEC Bank on January 21, 2022.