Romania Feed

There is a popular Romanian saying that talks about bad counting: the four Evangelists were three: Luke and Matthew? It somehow suits DAC 6 being the fifth amendment of Directive 2011/16 on administrative cooperation. We can now say that the DAC game is on: we have official instructions from the national tax agency (available here) […]

Cargo transporter International Alexander Holding (IAH), founded in 2003 by Simion Apreutese and based in Arad, received antitrust clearance Tuesday to acquire Vio Transgrup based in Dambovita county from businessman Viorel Angelescu.

The Bucharest National Airport Company (CNAB), which manages Bucharest’s two international airports, Henri Coanda (Otopeni) and Baneasa-Aurel Vlaicu, has a new Board of Directors and a new General Manager, Cosmin-Catalin Pestesan, starting January 2021.

Education savings accounts, or ESAs for short, allow parents to withdraw their children from charter schools or public district ones and obtain a public funds deposit for, even if restricted, numerous uses of government-authorized savings accounts. Such funds can pay online learning classes, private school tuition, fees, community college costs, private tutoring, higher education expenses, […]

Romania’s commercial real estate investment volume ended 2020 with a volume of €588.5 million*, half versus 2019 but similar with 2015, a starting growth year, according to CBRE Romania Real Estate Market Outlook. For 2021, Romania remains on the radar of investors and the combination of limited supply and better than envisaged demand may trigger surprising […]

Stein & Partner becomes a key player in the international market of Executive Search and Human Capital Advisory, by continuing its expansion in Europe.   With more than 25 years of experience, the company plans to open two new offices in Ukraine and Serbia this year, as well as to focus on the performance of […]

Danish group Premium Porc, the second largest pork producer in Romania with ten local farms, seeks to buy five pig farms from Danbred, a group of firms with Romanian and Danish shareholders.

As per the Romanian law, telework is defined as any work arrangement that allows employees to work outside of their primary worksite at an alternate location, on a regular basis, at least one day a week, pursuant to an approved Telework Agreement. By Petre Lungu & Iulia Rezeanu, Senior Associates, Rödl & Partner   Currently, some current studies claim […]

The Romanian real estate market continues to lure investors and the mix between the limited supply and the demand better than the initial estimates could trigger unexpected price changes, according to Gijs Klomp, Head of Investment Properties within real estate consulting firm CBRE Romania.

Workspace Studio, local company specialized in ergonomically oriented design solutions and an accredited sole partner of Herman Miller in Romania, ended 2020 with a turnover of 9 million euros. The financial results were influenced by the pandemic, but the context was the ideal framework for an accelerated expansion to retail. Workspace Studio has quickly adapted […]

Ericsson has launched a 5G network slicing solution for radio access networks (RAN) that will enable communications service providers to deliver customized 5G services with guaranteed performance. Now commercially available, Ericsson 5G RAN Slicing allocates radio resources at 1 millisecond scheduling and supports multi-dimensional service differentiation handling across slices. This strengthens end-to-end slicing capabilities for […]

Automobile Dacia, the largest Romanian car manufacturer, extended its lease for the 69,000 sqm occupied in Pitești Industrial Park, a project owned by Globalworth, under the umbrella of the Globalworth Industrial sub-brand. The leasing contract for Pitesti Industrial Park has been extended for a period of 10 years.   Located in Oarja, Argeș County, only […]

Monica Hodor, a former networks development director within the global infrastructure and networks division of Enel Group, took over in early February 2021 the position of general manager of E-Distributie companies in Romania, responsible for managing the electricity distribution networks in the regions of Banat, Dobrogea and Muntenia Sud.

The planned stock market listing of low-cost airline Blue Air could be postponed by one year, considering a reduced passenger traffic, against the backdrop of new travel bans imposed in European countries, Ziarul Financiar reported Tuesday.

Romania’s largest automaker, Automobile Dacia, has extended its lease of the 69,000 square meters warehouse in Pitesti Industrial Park by ten more years.

Private equity firm Morphosis Capital hopes to close two or three new deals in 2021, having allocated the same budget as last year, EUR10 million to EUR20 million.

UiPath, a start-up founded in Romania, that is currently one of the global leaders of the robotics software industry, announced on Monday that it closed a new Series F funding, worth $750 million, that hikes its post-money valuation to $35 billion.

The delivery market in Romania will continue its upward trend and overshoot the EUR1 billion mark in 2021 after having gone up four or five times in value last year. The growth speed will be slower, only 40% to 50% this year.

New vehicle registrations in Romania, including passenger cars and commercial vehicles, stood at 7,625 units in January, down 46.8% compared with January 2020, the Automotive Manufacturers and Importers Association (APIA) said Monday.

Ionut Georgescu, CEO, FEPRA International, joins BR’s re:FOCUS on eCommerce, Retail & Logistics, which will take place in an online format on February 10, 2021.   Ionut Georgescu is the CEO of FEPRA International, a company that takes over the packaging responsibility obligations from producers and importers that introduce packaging and packaging waste on the Romanian […]