Romania Feed

French-held Decathlon group, the leader of the local sporting goods retail, plans to have more than 1 million bicycles assembled in Romania in 2021, compared with about 860,000 last year.

Fornetti Romania, one of the largest actors on the pastry market in the country, is looking at development opportunities through franchising especially in the big and medium-sized cities and in pedestrian areas in 2021.

In view of the global COVID-19 pandemic, 35% of employees are thinking of shifting to a new job in the next 12 months, as revealed by Kaspersky’s ‘Securing the Future of Work’ report. The two biggest drivers that people stated for this career change are both natural and understandable under the circumstances. These include the […]

Romania's Constitutional Court has upheld the transfer of a 46-hectare land in the Romexpo area in northern Bucharest from state property to the country's Chamber of Commerce, clearing the way for a planned EUR3 billion real estate project.

Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO), suspended from trading since February 2017, has had its reorganization plan approved by a syndic judge and seeks to return to trading.

In the factory located in Roman, Neamt County, AMF-Bruns will manufacture laser parts and welded assemblies for conveying systems and for the automotive industry as a supplier for European and worldwide customers.   The greenfield investment amounting to approximately EUR 6.8 million will generate 77 jobs and will be financed by state aid amounting to […]

Chief financial officers in Romania are more optimistic than six months ago regarding the evolution of their companies’ main financial indicators, according to the latest edition of Deloitte CFO Survey Romania, conducted based on opinions expressed by over 100 CFOs in our country. Although half of the respondents show optimism, cost reductions continue to be […]

Starting with this month, Lidl Romania will gradually introduce in its stores a new type of shopping receipts, more resistant and more environmentally friendly. Thus, the company reaffirms its commitment to sustainability.   The new recepit is made of an innovative, blue thermal paper, without chemical dyes. Thus, it is resistant to sunlight, water and […]

Over 7,000 Romanian companies owe more than RON1 million each to the state budget and are faced with a debt crisis on top of the pandemic crisis, according to a reports by CITR, the leading insolvency practice company, part of Impetum Group.

REHAU, German provider of solutions for windows, building and furniture, has from the beginning of this year a new Country Manager in Romania, Alexandru Oprea, with 17 years of experience within the company.   Alexandru Oprea takes over the role of Country Manager from Alessandro Hillebrand, under whose management, REHAU Romania registered notable results for […]

Germany’s REHAU has appointed a new country manager in Romania, Alexandru Oprea.

Romania's general consolidated budget posted a deficit of RON3.69 billion in January, or 0.33% of the gross domestic product, finance ministry data showed Wednesday.

InternetCorp, one of the most important publishers in Romania and also one of the largest media sales houses in the country, is now part of Primavera Digital Group (PDG), a pan-European digital media and marketing services company.    With PDG as the new shareholder of InternetCorp, the Romanian company strongly believes it will enter a […]

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continues the accelerated growth of the last days, reaching 1.70% a year on Wednesday (March 3).

Supermarket and convenience store chain Profi, held by buyout investor Mid Europa Partners, has promoted the company’s Chief Financial Officer (CFO), Dumitru Dragomir, to the position of vice-president, business efficiency manager.

German company AMF-Bruns will invest approximately EUR6.8 million in a factory located in Roman (Neamt County, eastern Romania), where it will produce laser parts and welded assemblies for mobility systems and for the automotive industry.

Home Delivery, the residential freight delivery unit of carrier Gebrüder Weiss, posted 85% increase in revenue in Romania year-on year in 2020. The number of shipments was 123% higher or more than 130,000.

Supermarket and convenience store chain Profi held by buyout investor Mid Europa Partners, opened 31 stores in the first two months of the year, 15 in January and 16 in February.

The performance of the banking sector depends on the performance of the economy, and they will be convergent, while the economic growth will be moderate in 2021 and have a positive effect on lending, says Francois Bloch, chief executive officer of BRD-SocGen.

Romanian lawmakers on Tuesday approved the country's 2021 state budget in the form proposed by the government, meaning a cash deficit target of 7.16% of the gross domestic product and frozen wages in the public sector.