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With the end of the year drawing closer and bringing along an increasing number of promotional campaigns and contests organised by the economic operators for their clients, we would like to plainly and simply reiterate “rules of the game”. Authors: Raluca Pușcaș (partner), Irina Oprea (associate), Filip & Company Business Law   Promotional campaign vs. […]

Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, grew to 2.66% a year on Monday (November 29) from 2.63% a year on Friday (Nov 26), per central bank data.

Do you own a commercial business and you’re stumped about what’s going on? Your company may appear to be operating normally, but you know it’s not up to standard. This suggests there are things you should examine closely and act on.    However, you don’t have to figure these things out on your own all […]

There are many reasons why good product packaging is important for your business. Whether you’re launching a new brand or trying to differentiate your products from the competition, having well-packaged items will ensure that customers are drawn to purchase them over others. Here’s what the importance of good product packaging means for your business.   […]

Ion Bican, managing officer of CER Cleaning Equipment, the company operating the production of Germany’s Karcher domestically, says the company is set to end 2021 with EUR110 million.

Corporate Office Solutions (COS), specializing in turnkey office interiors, will enter the segment of custom made furniture production through a possible acquisition as the company wants to tap into the housing segment of the real estate market, as well as international markets, explained Christophe Weller, founder and CEO of COS.

Sanitary ware manufacturer Cersanit expects 2021 turnover to rise by over 20% against 2020.

“We’re constantly seeking specialists, having around 30 open positions at present,” says Ovidiu Pascutiu, general manager of Saint-Gobain Romania.

Walter Friedl, managing partner of wine producer Lacerta, expects the company’s 2021 turnover to be flat from 2020. Last year, turnover hit RON4,9 million, down 24% year-on-year.

Theta Furniture & More, one of the biggest players on Romania’s furniture and interior design market, will open an office in Brussels in 2022, with Paris to also be included in its expansion plans.

Dental Clinics Dr. Leahu opens a new dental centre in Craiova, the seventeenth in the network. The investment totals 540,000 euros for eight dental offices, digital dental radiology and spaces specially designed for the treatment of children – which integrates the concept of “Space Academy”, endowed with equipment to the highest medical standards.   The […]

Today the Black Sea Trade and Development Bank (BSTDB) received an upgrade of its long- and short-term issuer credit ratings from the S&P Global Ratings to ‘A/A-1’ from ‘A-/A-2’. The outlook is stable.   The credit rating agency stated that the upgrade reflects the BSTDB’s confirmed policy relevance, illustrated by solid loan book growth over […]

Appraisal & Valuation (APP.RO), a real estate consulting, valuation and development business and one of the companies that recently debuted on the local stock exchange, announced on Friday that investor Marius Alexe surpassed the 5% threshold of its voting rights on November 26, so he now owns 5.03% or 64,830 shares.

School principals from Romania have been awarded for the exceptional education transformation projects they have been involved in at the 2021 Principals Awards Gala. In this edition, the awards were won by four educational leaders from Iași, Tecuci, Târgu Măgurele and Pașcani. The Principal of the Year 2021 is Mihaela Romanescu, principal at the “Grigore […]

Carbochim (CBC.RO) is preparing the site in Cluj for a future real estate development; the site is now used by one its plants, which is to be relocated.

The #25x25interview series, a special editorial project featuring companies that have been in business in Romania for 25 years and powered by Schoenherr si Asociatii SCA, continues today with another insightful interview featuring Irina Siminenco, Corporate Affairs Manager Nestlé România, who walked us through her company’s story which began 25 years ago with only six employees.   Starting with […]

The Romanian start-up DRUID, specialized in developing intelligent virtual assistants dedicated to complex enterprise processes, is the technology company with the fastest natural growth in Central Europe (CE) over the last three years, according to Deloitte 2021 CE Technology Fast 50 ranking. With a growth rate of 6,753%, DRUID ranks first out of 25 start-ups […]

As employees will increasingly return to the office in 2022, a need for office transformation that responds to the post-pandemic way of working is emerging. Half of Romanian employees believe that the office needs to be redesigned to create different areas that give them more flexibility and multiple working options, depending on the type of […]

EY becomes the first Global UiPath Service Network (USN) Strategic Partner for Professional Services. EY and UiPath teams help clients improve efficiency, increase decision support, reduce risk, improve resilience, enhance user experience, and ultimately increase revenue, as a result of the technology implementation. This achievement follows from the EY organization being named UiPath 2021 Global Partner […]

Forex trading can be done from anywhere with a stable internet connection – this is one of many reasons it appeals to people. This allows traders to travel and work from any country, however, due to regulations and different lifestyle factors, certain countries may be a better option for forex traders.   InvestinGoal wanted to […]