Romania Feed

Romania's finance ministry raised EUR259.5 million on Tuesday (April 12) selling bonds maturing in 2025, at an annual average yield of 1.94%.

Artsani Com, the company through which the business of the two Artsani DIY stores in Prahova, owned by entrepreneurs George Tapu and Oleg Tataru, is operated, has returned to growth and posted RON173 million sales in 2021, up 5% from the previous year, data available on the Finance Ministry website show.

OTP Asset Management Romania has launched OTP Innovation Fund, the first fund in Romania that offers the possibility to invest, internationally, in companies that allocate a significant share of their revenues for Research & Development (R&D).

Is your car starting to feel a little bit dated? Spring is the perfect time to get your new car and fall in love with driving once again; roll the windows down and take in the fresh air as you drive into the sunset.   However, for a feeling like no other, switching to an […]

Online forms have quickly become the most popular way for businesses to gather information. Compared to old-style paper forms they are cheaper, faster, more convenient, and can make it easier to handle and process data.   However despite their advantages and how ubiquitous online forms are, many still fail to appreciate their potential. But the […]

Pavăl Holding, founded by the Dragoş & Adrian Pavăl brothers, acquired a minority shareholding package (30% stake) in Farmacia Tei and Bebe Tei, which are owned by Grupul Tei, founded by entrepreneur Roxana Maftei. Pavăl Holding was advised in the deal by KPMG Legal – Toncescu și Asociații SPARL, KPMG Advisory and KPMG Tax, while on the other side, Clifford Chance […]

For decades now, many countries have been practicing the act of passport sale in return for economic developments. This scheme, labelled citizenship-by-investment, is an attempt by these countries to encourage investors to come and invest in their economies. The belief is that potential investors with the capacity to facilitate economic growth are more likely to […]

Having been tried and tested, it’s no doubt that online business is here to stay. Many customers have already seen how effective and convenient shopping from virtual stores can be. In fact, only a few would be willing to go back to the old way of doing things.   As the digital marketplace grows, you […]

The #HRSpotlight2022 interview series launched in March this year, a sequel to its 2020 and 2021 installments, continues today with another insightful conversation about the #futureofwork, featuring Alexandra Tureschi, Country HR Manager at Majorel Romania, the company that won the Employer of the Year | Working Romania Champion trophy at this year’s Business Review Awards […]

Keeping the customers happy and loyal is crucial for businesses today. So there is no surprise that there are companies like Dsquares specialized in offering end to end loyalty and rewards solutions starting from designing your unique, customized program to management of all program operations, to generation of analytical reports, offering seamless support across all projects’ […]

Starting March 2022, Bianca Presada took over the role of Trade Marketing Director within Coca-Cola HBC Romania, thus becoming a member of the company’s Senior Management Team.   Bianca joined Coca-Cola HBC Romania in 2015, as an intern in the marketing department and, over the years, she has worked in various positions: Trade Marketing Coordinator, […]

Integrisoft Solutions Integrisoft Solutions, the largest manufacturer and implementer of software applications for public administration, with over 15 years of experience in the field, recorded a turnover of approximately RON 24.9 million in 2021, an increase of 39% compared to the previous year.   The result was due to an increase in the number of […]

Realpad, a European provider of CRM and after-sales management software for residential developers, has significantly increased its customer base in Romania in 2021. After entering the market in early 2021, Realpad’s Romanian team managed to sign contracts with 20 clients, developers or well-known market investors such as Art Property Development, Mobexpert Homes, Synergy and Euro […]

Romania's finance ministry on Monday (April 11) raised RON351 million, below the planned target of RON600 million, selling bonds maturing in 2026 and 2030, at annual average yields of 6.38% and 6.61%, respectively.

Tire and inner tube distributor Nexxon, headquartered in Targu Secuiesc (Covasna County), ended 2021 with a turnover of RON193.2 million (over EUR39 million), up 20% from 2020, and targets a 30% increase in turnover in 2022.

Timisoara-based company Glissando, one of the leading distributors of pesticides, chemical fertilizers and other inputs for agriculture, has contracted a loan of RON14.2 million from lender EximBank in order to fund the company’s current activity.

Restart Energy, one of the largest independent energy suppliers on the Romanian market, signed a contract worth over EUR1 million with Alba-based building materials manufacturer Florea Grup whereby the former will install 3,867 solar panels on the rooftops of the Petra Pavaje plants in Alba Iulia, Ploiesti, Arad and Roman.

Egger Romania, part of the Austrian supplier of wood-based materials for furniture and interiors, construction and flooring Egger, has budgeted an investment program of about EUR15 million for this year, for the implementation of new technologies, improvement of product quality, infrastructure work, upgrading the machinery fleet, maintenance of current production facilities and environmental protection.

Automotive component supplier Eckerle Automotive, the local subsidiary of the German Eckerle Group, posted RON229.7 million (EUR46.7 million) revenue in 2021, up 20% on the previous year, ZF has calculated from Finance Ministry data.

Germany’s Rehau Group, a provider of solutions for windows, building and furniture and automotive, has started construction works on a regional hub in Sibiu County (central Romania) worth approximately EUR10 million.