Romania Feed

The five-star JW Marriott hotel in Bucharest, managed by the Societatea Companiilor Hoteliere Grand, ended 2021 with revenue nearly half the level of 2019, 45% to be exact, hotel officials said without providing exact figures.

The inception of social media created a great turnaround in all spheres of life. It has become part and parcel of life which has also contributed to social media platforms.   Although there are numerous social networking sites, Facebook has emerged to be the most used and common social media platforms. It is one of […]

Stada Group, one of the largest pharmaceuticals companies in Germany, has announced an investment of EUR48.3 million in a pharmaceutical manufacturing plant that will be built in the Aries Industrial Park in Turda (Cluj-Napoca).

Catalin Pozdarie, CEO of Hervis Sports Romania, rejoins BR’s landmark retail & logistics conference, re:FOCUS on eCommerce, Retail & Logistics 2022 edition, after also being a speaker in 2021. Previewing Business Review’s first event of the year, we sat down with the Hervis CEO to talk about the evolution of retail and eCommerce over the past year and the prospects […]

A Speaker in All-Star | Employer Branding panel at BR’s recent Working Romania HR Conference, Cristina Mancas, HR vice-president at Schneider Electric, explained how her company has transformed and adapted in the last year, while also honoring its organizational culture „Together is better”, with a strong focus on employees and their wellbeing.   Wellbeing initiatives […]

Bento – Intellectually Curious (BVB: BENTO), a Romanian entrepreneurial company specialized in developing and implementing software solutions and delivering IT and Cloud infrastructure services, on Wednesday announced the entry into its shareholding structure of Romanian entrepreneur Dragos Rosca after acquiring a 2.4% stake in the company.

On 28 December 2021, the Government of Romania adopted the Emergency Ordinance no. 140/2021 on certain aspects concerning contracts for the sale of goods (“GEO 140/2021”), which entered into force on 1 January 2022. The Romanian GEO 140/2021 transposes Directive (EU) 2019/771 on certain aspects concerning contracts for the sale of goods and, at the […]

British pharmaceutical group GlaxoSmithKline has sold its last factory in Romania, namely, the Ferrosan plant in Cluj-Napoca, to Hexagon Retail Properties, a privately held group involved in real estate and retail projects in Cluj-Napoca and Bucharest.

Gabriela Neamtu, Head of Corporate Center & HR at MOL Romania, talked to Business Review about the company’s internal communication strategy, organizational culture, and more, in an exclusive BR Interview.   Which are the toughest challenges in current times for your department and how do you address them? The Coronavirus pandemic is a challenging period […]

Paper manufacturer Pehart, controlled by private equity fund Abris Capital, is inaugurating a new production line at its factory in Sebeş, following an investment of EUR10 million.

P3 Logistic Parks (“P3”) announces the results of the leasing activity for 2021, in Romania. Due to the high demand generated by the positive organic evolution of the retail, transport and logistics sectors, and to the multiple facilities available within P3 Bucharest A1, last year the company leased out approximately 113,500 square meters of logistics […]

ONV LAW Law Firm expands its Business Law and Public Procurement team and aims for a turnover of EUR 1.5 million by the end of this year, together with the new subsidiary inaugurated in Iasi. Giorgiana Barbieru, an experienced lawyer in sectors such as real estate and construction, automotive, and public administration joins ONV LAW […]

Nearly three-quarters (72%) of CEOs in Central and Eastern Europe (CEE), including Romania, expect cybercrime to increase in 2022, as last year was one of the most challenging ever for cybersecurity, according to the CEE edition of the PwC 2022 Digital Trust Insights. Only 60% of CEOs in Europe, the Middle East, and Africa region […]

STADA Romania, the Romanian subsidiary of the STADA Arzneimittel AG group, announces an investment of 48.3 million euros in a new production facility that will be built in Arieș Industrial Park in Turda, Cluj County. The greenfield project is partially supported in its implementation by the Romanian Government, through a state aid contribution. The new […]

The volume invested in real estate assets in Romania, Poland and Slovakia increased in 2021, while the Czech and Hungarian markets witnessed a downturn when compared with 2020, according to data from the Cushman & Wakefield Echinox real estate consulting company.   At the regional level, the total transacted volume reached 9.98 billion euros, a […]

Aquila Part Prod, the biggest player on Romania’s consumer goods distribution market, proposes its shareholders a share capital increase by RON150 million (representing issue premiums) from the current value of RON30 million to RON180 million.

Commercial real estate representatives (retail, business centers and offices, logistics spaces) estimate, in a proportion of 80%, a revenue increase this year compared to 2021, and 73% expect transactions activity to intensify over the next 12 months, according to the Deloitte 2022 Commercial Real Estate Outlook global study. At the same time, given that the global M&A activity increased by about 85% in the first half of 2021 compared to the previous year, 40% of the companies participating in the study said they could get involved in such transactions in the coming quarters.

The cumulative value of transactions with all types of financial instruments on the Regulated Market of the Bucharest Stock Exchange (BVB) exceeded, for the first time, the threshold of RON20 billion, the equivalent of over EUR4 billion, in 2021, BVB said in a stock market report on Wednesday.

Sortilemn Gherla, a major local supplier for IKEA group, controlled by Austrian Michael Brandhuver, in 2021 generated EUR37.2 million turnover, up 17% year-on-year, in line with company data.