Romania Feed

In Romania’s history, 2006 is remembered as the year when the mandatory military service was abolished and the big anti-corruption offensive began. It’s also the year when Canadian-born Michael Topolinski first came to the country. The thriving economy, mesmerizing consumers with the promise of a better life, made the young investor realize the long-term potential […]

Arcadia – Hospitals and Medical Centers, the largest medical network in Northeast Romania, will launch early next year the Arcadia Medical Recovery Hospital, an innovative concept for the medical recovery of Romanian patients, and beyond. The medical services provided by the hospital will target various medical specialties such as neurology, cardiology, orthopedics, neurosurgery (pre and […]

The pandemic has made the world aware that you can adapt very quickly to the unpredictable. In order to embrace resilience, companies need employees who are as motivated and supportive as possible. The Future of Work concept is based on innovative technology. Two years ago, SAP started a transition from Human Capital Management to Human […]

Digitalization is on the agenda of every company, including that of Mastercard, which is not just a payment provider, but a global technology company. Digitalization has a major impact on our lives, and that is why we need better IT&C education in schools. And the economic importance of digitalization was confirmed – albeit in an […]

Geanina Ungureanu, Senior Asset and Leasing Manager Retail at IMMOFINANZ, returns as a speaker at re:FOCUS on eCommerce, Retail & Logistics 2022 edition, after also being part of BR’s landmark retail & logistics conference in 2021. For this occasion, Business Review sat down with her for an exclusive talk previewing the topics which will be […]

With an EBITDA of RON 260 million and an increase in the number of employees of 4%, Apa Nova Bucharest was one of the laureates of the True Leaders Awards Gala organized by ICAP Romania and Business Review Magazine on December 14, 2021. To find out more about what this recognition means and all the work […]

The Board of Directors of Impact Developer & Contractor (IMP.RO), a real estate developer controlled by entrepreneur Gheorghe Iaciu, has decided to increase its share capital through a private placement on the stock exchange, offering for subscription a maximum of 350 million shares at a price of RON0.7 per unit.

Catalin Samara, chief operating officer and e-commerce director, as well as executive board member of Carrefour Romania, on Monday became director of Bringo International, in charge with overseeing the international operations of the personal shopping and delivery service.

When we think of people with a business degree, we picture individuals in suits and ties working for top corporations. Over time, people with a business degree as their secondary education have been perceived as the next big shots in the market. However, is it all there is? Could a degree in business education guarantee […]

Six out of ten (60%) Romanian Millennials and earliest members of Gen Z prefer a working arrangement that allows them to work from various locations, including home, during flexible hours, according to the latest edition of Deloitte Central Europe (CE) First Steps into the Labour Market report, conducted in 19 European countries, including Romania.   […]

Romanians in 2021 spent around EYR4.5 billion on refrigerators, TV sets, IT products, office staples or vacuum cleaners, with the market further witnessing sustained growth in the second pandemic year as people spent more time at home and invested in their own homes.

Mondelez International wound up the acquisition of Chipita Global, one of the biggest producers of croissants and baked snacks in Central and Eastern Europe, a $2 billion deal. Amid the deal, Mondelez and Chipita will create the first RON1 billion company in Romania’s confectionery industry.

Florin Enache, founder of jewelry chain Teilor, which has reached a network of around 60 stores on four markets of Central and Eastern Europe, believes foreign expansion is undoubtedly a winning move.

As of January 3, 2022, Cătălin Samara, Chief Operating and E-commerce Officer and member of the Executive Committee of Carrefour Romania, will take over as Director of Bringo International. In this role, he will be responsible for coordinating the international activity of the personal shopping and delivery service.   The newly created position follows the […]

Mircea Turdean, general manager of Farmec Cluj, the biggest local producer of cosmetics, expects the company’s turnover to return into the black this year after a several percentage drop in 2021 and profit to be similar with the level of 2020, the company’s best year.

Elit, a major producer of cold cuts in Romania, with RON620 million turnover and RON55 million profit in 2020, managed to maintain its profitability level in 2021 as well by boosting sales amid tough market conditions, according to the company’s representatives.

Telecommunications operator Digi Communications (DIGI.RO) on Monday evening announced completion of the sale of operations in Hungary for EUR625 million.

Romanians registered 121,208 new cars last year, 4% below the 2020 level of 126,351 units, data published by Romania’s carmaker association ACAROM showed on Monday.

Romania’s foreign reserves stood at EUR40.4 billion at the end of 2021, compared with EUR39.2 billion on November 30, central bank data showed on Monday.

The European Union is a vast multilingual community that takes fierce pride in its rich cultural diversity. There are upwards of 200 European languages being spoken throughout the continent, 24 of which are considered official in the EU.   The region’s celebrated linguistic diversity thus poses a challenge for businesses looking to break into its […]