Romania Feed

Transport and logistics company Ignite Logistic, based in Sibiu, ended last year with RON40 million revenue, up from the RON35.6 million in 2020, its officials said. It expects revenue to increase by 20% this year, as a result of its new contracts.

Romania’s Competition Council greenlighted a total of 81 transactions in 2021, a record number for the last 15 years. By comparison, the second-best year was 2008 (the last economic boom year before the financial crisis), with a total of 75 approved deals.

US Burger King group, one of the most famous fast-food chains in the world, has stopped development of operations on the Romanian market, where the brand was present by franchising.

Netherlands-based high-tech consultancy firm TMC has made its first acquisition outside the country – a Romanian consultancy company based in capital city Bucharest.

The last two years have been one of the most challenging ones in recent history, with companies having to adapt and be very resilient and strong in order to survive a never-before seen situation. With no means to compare it to anything else.  Still, 2021 proved to be good for the marcomm Romanian industry, for […]

Ovidiu Birsa is the new commercial manager of Edenred Romania, a company that issues benefit vouchers for employees.

Ovidiu Bîrsă is the new Commercial Director of Edenred Romania. From this role, he coordinates the commercial division, which brings together the activities of all departments with a direct impact on the customers relationship.    With 14 years of sales experience, Ovidiu Bîrsă joined the Edenred team in 2010. With an entrepreneurial profile and always […]

“Casa de Monede”, leader in the distribution of coins and commemorative medals on the Romanian market, launches a replica of the famous Dacian coin called koson, which has a tumultous and mysterious history, as it has been in the center of many scandals related to gold smuggling episodes.  By Romanita Oprea   The replica of […]

Suceava-based paving stone manufacturer Symmetrica, owned by the Stanciu family, said on Tuesday that it invested EUR3.5 million in a new plant in the locality of Solca, Suceava County, and in a new production line at its factory in Prejmer, Brasov County.

The Ovidius Clinical Hospital (OCH) in Constanta has taken out a loan of RON80 million (EUR16 million) from lender ING Bank which will be used for the construction of a new building that will include the first section of interventional cardiology and cardiac surgery in the region of Dobrogea.

The Romanian Playwrights’ Theatre will present tomorrow, Wednesday, March 16, starting at 7 PM, the performance “BRÂNCUȘI, MY LOVE!”, a commemorative event on the 85th anniversary of the great artist’s death. Inspired by Claudia Motea’s book “Brâncuși, my love!,” translated and published in ten languages, the multimedia performance brings to the fore Brâncuși’s great loves, […]

Students, master’s degree students and doctoral candidates from architecture, urbanism, design, construction, mathematics, informatics have a unique opportunity for entrepreneurial development, specially tailored to them. The business accelerator “Arhitecții Inovării” (Architects of Innovation), launched at the beginning of 2022, offers to those interested in starting the journey to entrepreneurship business knowhow, support and grant to start […]

With innovation at the core of its business strategy, Leader Team Broker has developed a visionary approach that enables it to provide insurance to companies in 20 EU member states. Founder Razvan Rusu says that his focus in 2022 will be on consolidating the company’s product portfolio and team. By Anda Sebesi   Looking back […]

After building a new terrace at Timpuri Noi Square and planning the project’s Phase 2, which will be focused on the retail component, Vastint Romania has high expectations of 2022. BR sat down with the company’s Managing Director, Antoniu Panait, to talk about plans and objectives for this year. By Anda Sebesi   Although slightly […]

Lender Alpha Bank said its loan portfolio in Romania grew by 3.3% to over EUR2.7 billion at end-2021 due to a 72% increase in new corporate loans and a 46% rise in new retail loans.

PTC Romania, operating in the IT&C industry, has extended its office lease in the Riverplace office compound held by Austrian real estate developer CA IMMO and located in capital city Bucharest, occupying 4,800 square meters.

Publicis Groupe has been honored as Ad Age’s Holding Company of the Year in the publication’s annual A-List and Creativity Awards. 2022 marks the first year that Ad Age has included a Holding Company category in its awards program.   By Romanita Oprea    The Ad Age A-List & Creativity Awards recognizes “forward-thinking leaders, top agencies […]

Burlington English Romania, a leading company in the field of education, joins the efforts to support Ukrainian refugees and offers jobs for Ukrainian neighbors forced to find refuge away from home. Burlington English is hiring English teachers from Ukraine to teach conversational English online.    Through this initiative, Burlington English Romania aims to provide long-term […]

Promateris (BVB: PPL), a Romanian industrial group and leader in Central and Eastern Europe in producing biodegradable and compostable packaging, announces intention to increase its share capital.   The operation has been approved by the Board of Directors of Promateris and is subject to the vote of the shareholders in the General Meeting of Shareholders, […]

Four years have passed since the initial application date of the International Financial Reporting Standards (IFRS) 9 Financial Instruments and for a year now, the International Accounting Standards Board (IASB) has been carrying out work related to the post-implementation review of this standard. It is an opportunity to reflect on whether IFRS 9 has met […]