Romania Feed

The Mumuso fashion brand, present in over 3,500 stores in 30 countries, is opening its fourth mono-brand store in Romania in the ParkLake shopping center in Bucharest, owned by Sonae Sierra, a transaction brokered by real estate consulting company Cushman & Wakefield Echinox.

Young job seekers have become more active in the past year but less inclined to experiment with jobs that lack employment stability, recruitment website eJobs metrics showed.

Parcel delivery company Cargus posted growth of 20% in sales volume last year. Its investments in a warehouse, logistics and IT&C upgrades reached EUR11 million.

The Romanian healthcare system was put to the test by the COVID-19 pandemic, and it came through. MedLife, the largest private healthcare services provider in the country, managed to both treat non-COVID patients as well as build new labs from scratch. To find out more, Business Review talked to its CEO, Mihail Marcu. By Aurel […]

Hidroconstructia, one of the largest builders in Romania, ended 2020 with about EUR100 million revenue and has more than 70 contracts in progress in Romania and abroad.

French-held Saint-Gobain and Ireland’s CRH are among those in talks with Romanian entrepreneur Daniel Guzu over the acquisition of construction material manufacturer Duraziv, ZF has found.

The average net salary in Romania grew 6.1% in nominal terms and 5.7% in real terms in December 2020 compared with November, to 3,620 lei (around $900 EUR743), mainly due to end of year and holiday bonuses, data from the country's statistics board showed Thursday.

Data researched by Trading Platforms UK, indicates that the global unicorns are now cumulatively valued at $1.7 trillion as of January 2021. The valuation is for the 528 total global unicorns. With a cumulative value of $410 billion, the top ten unicorns take up a share of 24.09% of the total global unicorn valuation.   The […]

Prime Minister Florin Citu said Wednesday that Romania’s economic growth is estimated at 4.3% and investments are expected to grow up to RON61 billion, per the 2021 state budget draft put up for public debate.

CTP, top 5 European industrial property developer, is extending its Romanian team with the appointment of Gijs Klomp as the new Head of Business Development. Klomp brings extensive knowledge of the industrial real estate market in Romania, where CTP owns and manages a market-leading 1.5 million m2 portfolio. Klomp’s main task in his new role […]

The luxury edition of Barack Obama’s memoirs, with the author’s handwritten signature, was auctioned on February 2nd, 2021, for 7,500 euros, in just 10 minutes, in an art auction organised at A10 by Artmark. The amount collected will be entirely redirected to the “Read Me 100 Stories!” program run by Asociatia OvidiuRo, which aims to […]

TeraPlast, the parent company of TeraPlast Group, said Wednesday in a stock market announcement that the Competition Council gave a favorable opinion regarding the sale of TeraPlast’s window profiles business line to Dynamic Selling Group – window profiles manufacturer and distributor.

SAP SE today announced that FC Bayern, Germany’s most winning football club, has successfully implemented the SAP SuccessFactors Employee Central solution to standardize and optimize its core human resource (HR) processes and improve the experience for its 1,000+ employees.   By leveraging the SAP Model Company service for accelerated solution deployment, FC Bayern benefitted from ready-to-use, preconfigured processes and best […]

Bonami, the online store with furniture and decorations, recorded, despite the pandemic, an increase in sales of 19 million euros compared to 2019. The company plans, for 2021, additional investments and the launch of its own brands. According to the company’s CEO, Pavel Vopařil, all profits will be reinvested in the company and its development. […]

10 people to watch in 2021 2020 marked a significant milestone for the global business environment and humanity at large. It was one of the most challenging periods in recent history and it forced managers to adapt quickly in order to keep their businesses afloat. Many of them had a double and crucial mission: keeping […]

Accor announces the global roll-out of its digital key solution, “Accor Key”, in line with the Group’s strategy to provide a contactless guest journey in its facilities. This exciting new step for Accor confirms its ambition to innovate and invest in high-quality technological solutions to deliver the very best and most convenient experience for its […]

The first year of the COVID-19 pandemic has had a deep impact in Romanian consumer habits, with many looking to e-commerce and courier services for their shopping, Cargus data shows. Once the pandemic was declared by the World Health Organization on March 11 and a lockdown was instituted in many parts of Europe, most consumers […]

DocProcess, leader in business process automation in Romania, announces a 33% increase in the number of documents processed digitally in 2020 compared to 2019. The growth was primarily driven by the acceleration of businesses’ digital transformation across Europe, in the context of the COVID-19 pandemic. “The health crisis made paper transactions obsolete, and many traditional […]

BRD-SocGen approved 1,861 applications within the government-guaranteed IMM Invest program in 2020, with the value of financing reaching RON930 million, per data presented by François Bloch, CEO of BRD Groupe Societe Generale (BRD.RO), the third largest bank in Romania by assets.

Liberty Steel Group, part of Sanjeev Gupta’s GFG Alliance, announced Wednesday it would appoint Prasanta Mishra as the interim General Manager of its Liberty Galati plant in Romania.