Romania Feed

Online fashion retailer Answear, a business started in Poland more than ten years ago and present in Romania since the end of 2015, posted record sales in all ten countries where it operates - EUR159 million last year, 67% higher than in 2020.

Pharmacy chain Farmacia Tei, one of the most dynamic businesses in Romania, ended last year with sales of RON872 million, up 16% from the previous year, according to company officials.

Construction company CON-A in Sibiu posted EUR115 million revenue in 2021, an increase of about 16% compared with the previous year, according to ZF calculations based on data provided by the company's representatives. Profit, however, was much lower than in 2020, they say.

Romania’s Finance Ministry reopened a bond issue due in October 2027 and raised RON708 million from banks on Thursday (Feb 3), above the targeted level of RON600 million, at a yearly yield of 5.05%.

Vox Property Group, one of the most important real estate developers in western Romania, leased in 2021 a total of 4,650 square meters of office space in Vox Technology Park, a project delivered in Timisoara following an investment of EUR30 million.

ING Bank Romania is turning its Department of Corporate Social Responsibility, set up in 2012, into a Sustainability Department, in line with the transition to a green economy and the development of partnerships with the civil society.

While securing credit for just a home loan even if you have bad credit or renewing with much less credit may be more expensive or not even possible if you are going to a bank. Here are some pointers to assist you to secure a mortgage even if you have terrible credit:   Shop around: […]

Hilton hotel chain confirmed on Thursday (Feb 3) significant expansions to its DoubleTree by Hilton portfolio, with the announcement of six new European hotels in Italy, France, Romania, Hungary, the Netherlands and Germany.

Computer numerical control (CNC) precision machining produces multiple complex parts needed in many industries. Although automation works for several applications, numerous industries require custom-made parts for particular purposes. The ability to properly create and design pieces with a computer encourages various companies to utilize CNC precision machining for activities.    Everything, from the medical field […]

Nordic Group, one of the largest Romanian companies in the field of premium food distribution in Retail, Hospitality, and Bakeries, has appointed Dan Nistor as General Manager starting February 2022, with the aim to consolidate the accelerated development of the last years and to ensure resources for future projects.

Agroserv Mariuta (MILK.RO), the company that owns the Laptaria cu Caimac brand, on Thursday reported the sale of a package of 270,000 shares, at a price of RON10.0057 per unit, with the total amount exceeding RON2.7 million.

Lately, online commerce has evolved progressively and is adapting more and more efficiently to the pace of society and consumer behavior. Lack of time has become a common problem for people, and making bank transfers, issuing physical invoices or making cash payments has become tedious or less convenient tasks.   As the digital infrastructure of […]

The COVID-19 pandemic hit bad HORECA industry in the last two years. Hotels and restaurants were forced to close and suffered heavy financial loses. Hopes were high for 2022, but the pandemic is not over yet and the gas and electricity prices are adding pressure on the industry. Business Review talked to Radu Enache, CEO […]

Edison, Educativa Group and Social Innovation Solutions have jointly launched the first edition of ”The Switch”, a national entrepreneurial solutions competition for high school students (grades 9-11) who are passionate about entrepreneurship, business, or technology. Participation is free and registrations are open until February 23, by filling in the form available on the site, here. […]

Hilton has today confirmed significant expansions to its DoubleTree by Hilton portfolio, with the announcement of six new European hotels in Italy, France, Romania, Hungary, the Netherlands, and Germany. DoubleTree is Hilton’s fastest-growing full-service brand in Europe, with 37 hotels expected to open in the region in the next five years, and the hotels join more […]

CTP N.V.,  EU’s largest listed owner, developer, and operator of logistics and industrial real estate by gross lettable area (“GLA”) today completes the takeover and delisting offer for Deutsche Industrie REIT-AG (now named Deutsche Industrie Grundbesitz AG, “DIR”), which provides immediate scale in Europe’s largest economy. CTP Germany now represents about 15% of CTP’s portfolio […]

Golin announced the launch on the Romanian market of the all-in-one mobile financial app Fairo, which helps freelancers to simplify the management of their finances and administrative tasks. In 2022, Golin will develop an integrated communication strategy for Fairo, preparing a mix of influencer marketing, media relations & special projects. The app developed by the […]

Golden Drum, International Festival of Creativity, is Rebuilding Connection with a strong desire to reunite, reconnect, and reignite creativity. The festival’s competition opening this March introduces two new special awards for Production Agency of the Year and Digital Agency of the Year and adds a new category Creative Use of Technology to Group C- Engagement. […]

A team of deals specialists of PwC Romania has provided financial and tax advisory services to Central European private equity investor Abris Capital Partners in the transaction to acquire Romanian dental consumables and equipment distributor Dentstore.

One United Properties (ONE.RO), one of the leading green developers of residential, mixed-use and office real estate in Romania, has moved its offices to the One Tower office building, part of the multifunctional complex One Floreasca City.