Romania Feed

Romanian state-owned airline Tarom estimates it will reduce its staff spending by an average of EUR8 million a year n the next six months, as it plans to slash 700 jobs out of 1,500 by the end of this summer.

Canada's Laurentis Energy Partners was awarded a EUR3.156 million contract award, through its subsidiary Canadian Nuclear Partners, to support refurbishment at Romania’s nuclear station in Cernavoda.

Pandemic brings structural changes on the retail and industrial segments of the real estate market: proximity retail gains further ground, while logistic keeps on its consolidation on grounds of 2020 accelerated growth in online sales, according to BUCHAREST REAL ESTATE CLUB analysis – THE NEW FACE OF BUCHAREST.   ”The total E-Tail* – tangible products […]

The pandemic has shown us a new way to consume while staying indoor and also a new way to produce waste. „Romania has a specificity in terms of home consumption: unfortunately, we cannot speak of a selective waste collection that could have a positive impact on the recyclability of waste from our consumption,” said Ionut […]

The #HRSpotlight2021 series continues with a new interview. In this episode, we turned once again to Cristina Corello, Country Human Resources Manager at Bosch Romania, the second Most Desired Employer in the Automotive industry in 2020. Cristina Corello also featured in the original HRSpotlight series, back in September 2020.   Which will be from your perspective, the […]

Do you want to know how to invest and make money daily? I have some information for you. First, you must understand that you can only be one of two people in any market; either you are a shark or a chicken. There is always competition in any market, and if you do not learn […]

If your home needs remodeling, you may be thinking of how to finance it. Whether small or big projects, renovation needs money. It’s impossible to make changes in a home without spending some cash. Things can get tough sometimes, and affording all the expenses becomes a struggle. When a financial tragedy strikes and you are […]

Today, promotions and discount offers are part and parcel of the marketing strategy of any CPG company. Studies show that consumer companies are spending to the tune of 20% of their annual revenue on trade promotions, which is significant.   However, various factors influence the success of promotions. Measuring promotion effectiveness is the key to ensure […]

Szallas.hu, the largest online hotel reservation platform in Hungary, merged last year with the Romanian hotel reservation platform, Travelminit.ro. The process began two years ago and was accelerated in 2020, despite the pandemic situation and general uncertainty in the global tourism industry. The value of the transaction remains confidential, but in these two years of […]

iFactor, an innovative fintech that aims to democratize SME lending receives its seed funding in a round led by ROCA X and becomes the first Romanian startup to be listed on the leading online investment platform, Seedrs.   The amounts raised will support the company in developing its services, as it aims to offer European […]

The year 2021 will be a better year both overall and for Romania’s economy, believes Matthew Strassberg, comanaging partner of buyout investor Mid Europa Partners.

The sales of the online commerce platform of the Carrefour group, Bringo, went up almost eight times compared in the first half of 2020, compared with the year-earlier period, to RON21.4 million (EUR4.4 million), publicly available data show.

Romania hopes to join the euro area waiting room in 2024-2025 and adopt the single European currency 2027–2028, prime minister Florin Citu said in a televised interview Thursday evening.

German Allianz Group, also present on the Romanian market, ended 2020 with total revenue of EUR140 billion, down 1.3% on the year, and an operating profit of EUR10.8 billion, down 9.3% on the year.

Hungarian roofing systems producer Terran, which produces concrete tiles, is investing EUR500,000 at its production unit in Campia Turzii (Cluj County).

Guarantee insurance, a segment included in the category of general insurance, registered underwritten gross premiums of RON464.5 million at the end of 2020, up 68% from 2019, with the value of underwritings tripling in the last decade, per preliminary data from Romania’s Financial Supervisory Authority (ASF),

Nestlé, the largest food and beverage company in the world, announces financial results at group level for 2021, reporting an organic growth of 3.6%, with a real internal growth (RIG) of 3.2% and pricing of 0.4%. Growth was supported by strong momentum in the Americas, Purina PetCare and Nestlé Health Science.   Foreign exchange reduced […]

QUALITANCE, the international innovation, technology and AI company founded and headquartered in Romania, has opened its e-learning platform, BottomUp Skills, to the business environment. The platform is available to anyone who wants to upgrade their skills and knowledge of innovation and product development, offering students a pragmatic approach and a wide range of useful tools […]

iFactor, an online platform helping SMEs sell their individual outstanding invoices for immediate cash, will receive a round of financing from investment vehicle ROCA X and becomes the first Romanian company listed on equity crowdfunding platform Seedrs in London.

CBRE, leader in the real estate consultancy market, continues its rapid development and strengthens its Romanian management team with the recruitment of a new talent, Mihai Patrulescu, to lead the Investment Properties department.   “Commercial real estate investment volumes in Central Eastern Europe (CEE) reached €13 billion in 2020 and we expect a gradual recovery […]