Romania Feed

Investment fund CEECAT Capital carried out a new transaction on the Romanian market after buying the majority stake in Cluj-based company Modulo Decorative Solutions specialized in the production of decorative stone cladding solutions.

Net revenue from the value added tax grew by 36.2% to RON72.79 million in January-November 2021 compared to the same period in 2020, holding a 6.1% share in gross domestic product (GDP), in line with the budget execution released by the finance ministry on Monday.

Romania's unemployment rate stood at 2.72% at end-November 2021, lower by 0.04 percentage points than in October 2021 and by 0.60 percentage points than the rate recorded in November 2020, data from the country’s employment agency ANOFM showed Monday.

Capital city of Bucharest registered 14,080 jobless people (of whom 7,497 women) at the end of November 2021, taking the unemployment rate to 1.15%, data from the Bucharest Municipal Employment Agency showed Monday.

Romanian regional investment fund SIF Transilvania (SIF3.RO) is summoning its shareholders on January 28, 2022 to vote on a decision aimed at changing its name to Transilvania Investments Alliance.

Romania's general consolidated budget posted a deficit of RON55.98 billion in January-November 2021, or 4.70% of the gross domestic product (GDP), lower than RON84 billion, or 7.94% of GDP, in the first eleven months of 2020, finance ministry data showed Monday.

According to Universum’s Employer Branding NOW 2020 survey, the share of large companies that say they are “very concerned” about growing competition for key talent from the startup sector dropped by half in 24 months. In 2018, 38 percent had said they were very concerned; in 2020, only 17 percent felt the same. The stability of […]

The myriad of adverts bombarding consumers every day has made people virtually immune to commercial messaging. This is why advertisers are trying to find new, alternative, and creative ways to reach customers. By Romanita Oprea   Throughout the years, the idea of an unconventional marketing or advertising campaign has evolved, especially around the amount of […]

Around 50 million tonnes of electrical and electronic waste (e-waste) is generated worldwide each year, a figure expected to more than double by 2050 to 120 million tonnes, according to a 2019 report from the World Economic Forum (WEF). As reported by Reuters, half of all e-waste is made up of personal devices such as computers, monitors, […]

Reff & Associates | Deloitte Legal assisted the real estate developer Speedwell in purchasing a nine-hectare plot of land located in Bucharest, on the Griro platform, one of the largest plots of land available in the capital. Speedwell will build on this land a project estimated at 500 million euros that will include apartments, office […]

Altex, the leader of the retail market, and the one has always been injecting “normality” in Romanians’ lives, puts the accent on a series of modern services, meant to transform the shopping experience into a complete one, in its newest campaign.   “For 30 years, Altex has remained faithful to its mission to make technology […]

Private lending grew by 14.6% in nominal terms to RON321.9 billion in November 2021 compared to November 2020, as local currency lending grew by 19% and foreign currency lending by 4.7% when expressed in lei, central bank data showed Monday.

Țuca Zbârcea & Asociații is strengthening its partnership with the appointment of six Partners, effective 1 January 2022, while five other lawyers were promoted to key roles such as Managing Associate and Senior Associate. These promotions are instrumental to support important growth areas of the firm, such as dispute resolution, labour & employment, competition & State […]

Nordis Group, a developer specialized in premium hotel and residential developments, is expanding its team of legal professionals by appointing Florina Homeghiu as Head of Legal Department. In her new role, Florina will coordinate Nordis Management’s legal activities. At the same time, Camelia Bindiu takes on the role of Deputy Manager Legal Department for Nordis […]

For Romanians, The New Year’s Eve party has always been a special moment. If Christmas is the quiet and more traditional celebration dedicated to the family, New Year’s is its more rebellious, crazy, unpredictable, and free-spirited brother.   But no matter how unconventional the New Year’s Eve might be, of course, it also has a […]

A rising number of companies, not just from the tech field, are exporting their business model abroad, gaining new markets and strengthening their operations, acting as genuine “multinationals” of the East. Is this concept functional at present and can it be used in any field?

Adinish, one of the best known local businesses focused on the sale of children’s items, for 2022 plans to open showrooms, in a franchise system, in Timisoara, Iasi, Brasov and Constanta, strengthen its online foothold in Hungary and expand to the Republic of Moldova.

Nestle Romania, a major player on the confectionary, coffee and pet food market, wants to create 170 new jobs in the next 5-10 years on the local market.

Techtex, a company specializing in technical textile production, part of Taparo group, in 2021 completed a EUR5 million investment in its third production unit, a new plant near Baia Mare, according to the company’s officials.

Romanian regional investment fund SIF Transilvania has signed with lender Banca Comerciala Romana a revolving credit agreement for the amount of RON90 million, for a 12- month period, intended for the company’s investment activity.