Romania Feed

Amazon, the world’s largest online retailer, plans to open a new office in Timisoara and two more in Iasi by the end of the year, creating 500 more jobs.

Insurer Vienna Insurance Group (VIG), which operates in Romania via Omniasig, Asirom and BCR Asigurari de Viata, reported a gross profit of EUR14.2 million for local operations in 2020, from a loss of EUR101.8 million in 2019.

Korean Mumuso brand now has four stores in Romania after having opened a new one in the Park Lake mall in Bucharest. Its other stores are in Auchan Militari, DN1 Value Center and Dambovita Mall, its corporate website says.

The interbank market ended February with cash surplus again and banks that were left with lei on their hands at the end of some days used the overnight deposit facility provided by Romania’s central bank and deposit auctions.

Organic fertilizer producer Norofert Group (NRF.RO) has signed a binding agreement to purchase Agroprod Cev, which operates a 1,000-hectare farm in Teleorman county, southern Romania, in a deal amounting to RON9.5 million (EUR1.95 million).

Dozens of plants – furniture, cosmetics, food or construction supplies factories, have been taken down in the past two decades to make room for DIY stores, hypermarkets, malls and apartment buildings. Manufacturing was relocated, but some plants closed for good.

Romania's gross domestic product contracted by 3.9% in real terms in 2020 compared with 2019, breakdown data from the country's statistics board confirmed Tuesday.

Theodor Artenie, tax advisor with more than 16 years of experience in the field of taxation, has joined the Noerr team in Bucharest in early March, as Head of Tax Department.   Theodor Artenie is a well-known professional in the field of tax advisory, having extensive experience and expertise gained over the years in key […]

Romania's finance ministry on Monday rejected all bids at a tender where it planned to raise 400 million lei (EUR81.9 million) selling bonds maturing in June 2026, central bank data showed.

Despite the challenges caused by the situation of the pandemic, the development of the Romanian subsidiary of Porsche Engineering continued to grow in 2020 and the engineering service provider plans to reach 280 employees by the end of 2021.   ”We have responded immediately to the new situation back in March 2020, when we made […]

Romania is a balanced market as regards the presence of women in management and top management roles of real estate companies and their annual incomes can exceed 300.000 EUR per year, according to the most recent analysis by BUCHAREST REAL ESTATE CLUB. At its 2nd edition this year, WOMEN IN REAL ESTATE initiative acknowledges the […]

Private medical services network Regina Maria, owned by investment fund Mid Europa Partners, reported a consolidated turnover of EUR237 million in 2020, up 27% on the year.

COVID-19 has increased labour market inequalities between women and men, with more women losing or giving up their jobs during the pandemic, according to the PwC Women in Work Index  report, which measures female economic empowerment across Organisation for Economic Cooperation and Development (OECD) countries.   Progress for women in work could be back at […]

The Romanian capital market posted nearly 18% growth in the past year and nearly a quarter of the growth rate was achieved in January and February 2021, Bucharest Stock Exchange data showed Monday.

Romania's president Klaus Iohannis on Monday signed off on a loan agreement allowing Romania to borrow EUR4 billion from the European Union to protect citizens affected by the Covid-19 crisis.

There are extensive complications when it comes to small business operations. Once you’re up and running, management deals with the finances, executive decision-making, and employee satisfaction and training. For your small business, you will need marketing services, and not the least of your concerns, the staff who create the product or provide the service. But, […]

International Finance Corporation (IFC), a member of the World Bank Group, and the Bucharest Stock Exchange, mark International Women's Day on Monday with an event advocating gender equality.

With Romania having the first woman to ever hold the Presidency of the Senate and having noticed that women play an increasing role both in public and private sector,  either by holding C-level positions or being members of the board, Business Review invites you to discover the professional stories of outstanding women who have spectacular results and […]

With Romania having the first woman to ever hold the Presidency of the Senate and having noticed that women play an increasing role both in public and private sector,  either by holding C-level positions or being members of the board, Business Review invites you to discover the professional stories of outstanding women who have spectacular results and […]