Romania Feed

Mercedes-Benz Romania announces that Amanda Zhang (43), Senior Manager Marketing Communications at Mercedes-Benz AG, will take over the CEO position from Martin Schulz (47), starting March 1st 2021. After having led Mercedes-Benz Romania for almost two years, guiding the team through unprecedented times, Martin Schulz will now take over the position as President and CEO, […]

Family businesses are optimistic about their recovery over the next two years, with 86% anticipating a return to pre-pandemic growth rates by 2022, according to PwC’s Family Business Survey. The estimates are encouraging as, given the health crisis, only 28% of respondents estimated sales increases for 2020, with 46% estimating decreases.   “The pandemic has […]

Romania's finance ministry on Thursday raised 430 million lei (EUR88.2 million) selling bonds maturing in October 2034 at an average yield of 3.75%, central bank data showed.

Josephine Payne will take over as president of Ford Romania and general manager of the Ford Craiova plant starting April 1 and will be the first woman to run the factory's operations in Romania, the automotive company announced Thursday.

One United Properties and Bright Spaces are launching today an interactive digital showcasing and leasing platform for One Tower, the building developed and owned by One in Floreasca, Bucharest. Available spaces at One Tower can be visualized online, in a complete 3D environment, on  https://office.One.ro.    The platform was customized to meet One Tower’s specific […]

The American Chamber of Commerce in Romania (AmCham Romania) welcomes the fact that the 2021 state budget provides a reduction of direct expenditures and an increase in investments.

Real estate consultancy company CBRE has recruited Mihai Patrulescu to lead the Investment Properties department of CBRE Romania, working closely with teams in Central and Eastern Europe.

This article deals with the main elements introduced by Directive 1828/2020 on representative actions for the protection of the collective interests of consumers, the impact it has on various business areas, as well as the potential measures that could be taken by companies to limit the negative impact of class actions. By George Trantea (counsel), Andrei […]

The Romanian logistics and industrial market has accelerated its expansion in 2020 both in terms of demand, which neared the 1 million square meters mark, and deliveries of new spaces, which reached a record 649,000 sqm, real estate consulting company Cushman & Wakefield Echinox said Thursday.

The Measure 3 – “Investment grants for SMEs” budget, intended for companies affected by the pandemic period but wishing to continue their development projects this year or diversify their activities, should be supplemented by at least EUR 500 million or even EUR 1 billion, REI Finance Advisors, one of the largest and most dynamic consultancy […]

Kastamonu Romania (formerly Prolemn), held by Turkey’s wood processing group Kastamonu Entegre, posted EUR136 million revenue in 2020, an increase of 7% year-on-year.

Having recently been appointed as the General Manager of Medicover Romania, Florinela Cirstina has big plans for the company and sees 2021 in a positive light, encouraged by the widespread adoption of telemedicine and the development of innovative new services for patients. By Anda Sebesi   2020 has been a challenging year for everybody. It […]

Romanian state-owned lender CEC Bank has granted a RON60 million loan to Damen Shipyards Mangalia, one of the largest shipbuilders in Europe, operated by Dutch Damen Shipyards Group, to fund current operations.

Hungarian-held construction materials wholesaler Masterplast ended 2020 with RON67 million sales in Romania, an increase of 15% on the previous year.

Telecom operator Orange Romania on Thursday reported a turnover of EUR1.076 billion for 2020, down 3% compared with 2019, while customer numbers grew 1%, to 10.72 million.

French Carrefour Group has announced sales of EUR2.3 billion for its Romanian store chain in 2020, up 2.1% on the year, for similar activities, per a financial report released Thursday.

Real estate consultancy company JLL Romania has recruited Ciprian Sirbu, former logistics manager at Vivre, to manage its Supply Chain Services business line, expanding its services on an increasingly dynamic industrial and logistics property market.

The National Sanitary Veterinary and Food Safety Authority (ANSVSA) has notified The Anticorruption Department (DNA) in connection with suspicions of the crime of abuse of office, corruption and service offenses, crimes against the financial interests of the EU and frustration of disease control, the approach being made following epidemiological controls carried out at Premium Porc […]

The year 2020 came with good things, too, one of which was the decline in personnel turnover in the local outsourcing industry, says Vladimir Sterescu, country manager of CGS Romania, a provider of outsourcing services on the local market.

TeraPlast Group, with its two Plastics and Steel Divisions, exceeded the turnover of RON1 billion in 2020 and its net profit doubled, to RON79 million, company representatives said Thursday.