Romania Feed

Shareholders of regional investment fund SIF Transilvania (SIF3.RO) decided on Friday (Jan 28, 2022) to change the company’s name to Transilvania Investments Alliance, in line with a stock market report.

Romania ranks among the last European Union Member States regarding the minimum wage in January 2022, data from Eurostat, the statistical office of the European Union, showed on Friday.

Romania's general consolidated budget posted a deficit of almost RON80 billion in 2021, or 6.72% of the gross domestic product (GDP), versus 7.1% as projected at the last budget revision in 2021, finance ministry data showed Friday (January 28).

“What an original stroke, don’t you think? Look at that P…it looks elastic, like rubber”. These are the words that launched the celebrations of 150 years of Pirelli, with the direction of the Piccolo Teatro of Milan where a theatrical story brought together testimonials, voices and images to represent a history of industry, culture, tradition, […]

In going about our day-to-day tasks, we rely on our ability to move from one point to another, We humans must move around to survive, without movement, we would not be able to get to work, purchase groceries and toiletries or even go to important places.    Most of this problem can be solved by […]

The major online recruitment platforms in Romania have announced that most companies will maintain, in 2022, the extra-salary benefits offered to employees, to ensure their loyalty and motivation. Businesses will even extend their options from meal, gift, holiday, and culture vouchers (the most desired extra-salary benefits by employers and employees) to flexible benefits.   Up […]

It is not what you say but how you say it – it is a timeless aphorism that is true even in today’s fast-paced workplace environments. It might sound harsh, but 86% of executives and employees cite ineffective communication as the cause of business failures. In other words, effective communication has the power to separate […]

CEOs in Central and Eastern Europe (CEE), including Romania, are now looking to markets closer to home for potential expansion and growth opportunities, according to the CEO Survey 2022 for the CEE region. Germany has increased its lead at the top of key markets list by 10 percentage points since the 2021 survey, with 38% […]

Abris Capital Partners, the Central European private equity investor, has signed an agreement to acquire Dentstore, one of the leading distributors of dental consumables and equipment in Central Europe. The acquisition is Abris’ third in the sector, following its investments in Dentotal in November 2019 and Dentatechnica in November 2021. The agreement is conditional upon […]

The year that has just begun heralds a significant challenge for the brand-consumer relationship, in the context of major changes in the mindset and consumer behavior. For the third year in a row since the outbreak of the most powerful contemporary global event, the pandemic, the communications industry and its tools need to be reinvented, […]

Mihaela Antonescu, currently Chief Operating Officer at Wavemaker, is preparing to take over the role of CEO of the agency, starting April 2022. The position was covered, during the past 8 years, by Oana Pădure. By Romanita Oprea   Mihaela Antonescu is one of the most experienced and well-trained people in Wavemaker, she has been […]

The Metaverse, a virtual world in which users can move as avatars and interact with others, has become a hot topic beyond the traditional base of computer gamers, with tech giants like Facebook rebranding and investing massively to secure their place in the brand new universes. Market commentary by Bogdan Maioreanu, eToro analyst for Romania   […]

RTPR has assisted private equity fund SARMIS Capital in relation to the acquisition of a majority shareholding stake in Smart ID Dynamics S.A., an important provider of highly customised end-to-end automation solutions for intensive business environments, leader in the Romanian IT industry. Established in 2019, the local independent private equity fund SARMIS Capital is dedicated […]

Filbo, a fintech platform for small entrepreneurs, held by the company OMRO, has attracted RON10 million from investors through a bond issue brokered by Goldring.

Law firm RTPR has assisted private equity fund SARMIS Capital in relation to the acquisition of a majority stake in Smart ID Dynamics, a provider of software and hardware solutions, with a turnover above RON85 million in 2021.

Brick Romania, a local DIY and home improvement retailer based in Constanta, wants to expand across Romania, including in capital Bucharest.

A report released Friday (Jan 28) by the Organization for Economic Co-operation and Development (OECD) shows that, according to OECD predictions, Romania’s economy grew by 6.3% in 2021 and is expected to grow by 4.5% in 2022 and 2023.

Norofert (NRF), Romania’s leading producer of organic inputs, said in a stock market report on Friday that the company’s Board of Directors decided the appointment of Mircea Fulga to the position of Chief Operations Officer (COO).

The global health wearables market, already big, is expanding fast, as 320 million health and wellness devices dedicated to consumer market will be sold worldwide in 2022 and that figure could reach 440 million units by 2024, according to Deloitte 2022 TMT (Technology, Media and Telecommunications) Predictions. Smartwatches are seeing rapid consumer adoption, as people use them not only to monitor steps by day (59%), workouts/athletic performance (42%) and heart health (37%), but also possible COVID-19 symptoms (11%), through functionalities such as alerts in case of low peripheral oxygen saturation - a life-threatening symptom that is hard for people to detect unassisted.

Alta Seeds, a brand of Advanta Seeds, part of Indian group UPL, producing genetics for sunflower, sorghum or rapeseed in Romania and providing integrated services, has reached a 6% market share in Romania after a 3-year presence.