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Lidl to open center of IT excellence Lidl Digital in Bucharest

News February 19, 2018 17:41 0 comments

Lidl will open in March in Bucharest a center of IT excellence that will provide e-commerce  solutions and management for digital platforms of the German retailer. This is  Lidl’s second biggest such hub after that…more »

Simona Halep to take over WTA No 1 ranking from Caroline Wozniacki

News February 19, 2018 12:03 0 comments

Romanian tennis player Simona Halep will become the new WTA No 1 player on February 26, despite skipping the upcoming tournament she was scheduled to play, the Dubai Duty Free Championship. She lost the position…more »

Interview. Laura Teposu (Libris.ro): I expect the Romanian online book market to grow by around 15-20 pct in 2018

Interviews February 16, 2018 09:28 0 comments BR Exclusive

In 2017 Romania’s online market grew to EUR 2.8 billion, up by 40 percent year-on-year, one of the biggest increases among EU member states. According to data released by GPeC, Romanians spent an average of…more »

Purcari Wineries lists on Bucharest Stock Exchange after successful IPO

News February 15, 2018 13:14 0 comments

Purcari Wineries, market leader in Moldova and Romania on the premium wine segment, listed today on the Bucharest Stock Exchange, under the WINE symbol, following a successful IPO of 49 percent of its shares. This…more »

Analysis. SAP Romania’s data scientists and machine learning wizards playing global game

News February 13, 2018 09:00 0 comments BR Exclusive

From its office in Bucharest, SAP Romania’s 12-strong team has been working on innovative projects for global clients since 2010 and is seeking to grow. Always connected to and performing on the global markets, they…more »

Simona Halep signs with Nike after competing sponsorless at Australian Open

News February 12, 2018 18:24 0 comments

Romanian tennis player Simona Halep, former WTA No 1 and current World number 2, has signed a deal with sports giant Nike. According to media sources, the deal is worth USD 2 million. Throughout her…more »

AFI Europe receives building permit for first residential project in Romania, AFI City

News February 12, 2018 14:07 0 comments

AFI Europe Romania has received the building permit for construction works to begin on AFI City, the first residential project developed by the company in Romania. The building process has been divided into phases, the…more »

offices

Bucharest office market: At least 130 new jobs created by each new lease signed

News February 12, 2018 12:35 0 comments

Each new office leasing contract signed in Bucharest last year created at least 130 new jobs, the JLL market report says. Dimitrie Pompeiu and South sub-markets made the top, with more than 200 new jobs…more »

Youth entrepreneurship program Future Makers to train 1,500, support 50 business ideas

News February 09, 2018 15:11 0 comments

Entrepreneurship program Future Makers, designed for young people aged 20-29 who want to learn how to start a business, kicked off on February 8 in Bucharest. Throughout its duration, the program will train 1,500 young…more »

Banca Transilvania sole Romanian banking brand included in Brand Finance Banking 500

News February 08, 2018 14:47 0 comments

Banca Transilvania is the only Romanian banking brand to be included in the Brand Finance Banking 500 ranking. The total value of the main 500 banks include in the ranking increased by 10.2 percent up…more »

Contact sports app StrAIke: We’re looking to raise a seed round of USD 500,000 in order to expand

News February 08, 2018 11:36 0 comments BR Exclusive

Combining IoT and wearables technologies, StrAIke is a tool designed to allow contact sports practitioners to train wherever they are. Created by former professional fighter Alex Baciu and his Harvard Graduate partner Manuel Costescu, StrAIke…more »

Future Makers launches nation-wide competition for best future-oriented business ideas

News February 07, 2018 17:24 0 comments

Global Shapers Bucharest Hub launches on February 8 the first edition of Future Makers, an entrepreneurship educational program designed to encourage 1,500 young people from all over Romania to dive into the world of business…more »

US group Delphi Packard shuts down Caras-Severin factory due to lack of labour force

News February 07, 2018 16:40 0 comments

The US group Delphi Packard, which has been present in Romania for over 15 years, has announced it will shut down its factory in Moldova Noua, which employs 698. The company, the biggest employer in…more »

Happy Tour’s sales volume up by 10 pct to EUR 54 mln in 2017

News February 07, 2018 15:53 0 comments

Happy Tour recorded in 2017 a sales volume of approximately EUR 54 million, up by 10 percent year-on-year, due to the accelerated development of the business travel segment, its MICE division as well as the…more »

it sector employees

3Pillar Global to hire 100 in Cluj-Napoca,Timisoara and Iasi centers

News February 07, 2018 14:27 0 comments

3Pillar Global will hire 100 IT experts for its centres in Cluj-Napoca, Timisoara and Iasi. The strategy of the IT services company focused its growth strategy on the potential of Romania’s university centres and the…more »

Deloitte study: Costs of split VAT implementation across the EU outweigh the benefits

News February 06, 2018 17:07 0 comments

The generalized application of the VAT split payment mechanism in the European Union would be an unattractive fiscal policy instrument, given the significant increase in costs for businesses and authorities, according to a study by…more »

National Agency for Mineral Resources could set natural gas levies after Austria natural gas stock prices

News February 06, 2018 16:41 0 comments

The National Agency for Mineral Resources (ANRM) launched in public debate a draft order for the modification of the methodology for establishing the reference price for natural gas, according to which the levies due to…more »

gas-price

Romania, Hungary sign agreement on natural gas deliveries

News February 06, 2018 15:14 0 comments

Romania and Hungary have signed in Bucharest an agreement on the delivery of Romanian natural gas to Hungary until 2020. The agreement was signed by Romania’s Foreign Minister Teodor Melescanu and Hungary’s Foreign Minister Peter…more »

City Grill Group posts EUR 33.7 million turnover in 2017, up by 11 pct

News February 06, 2018 12:00 0 comments

City Grill Group has posted an EUR 33.7 million turnover in 2017, up by 11 percent year-on-year. The group currently manages 19 restaurants and cafes under the brands Caru’ Cu Bere, Hanu’ lui Manuc, Pescarus,…more »

start up nation

Romanian authorities say posting of winning Start-Up Nation projects on classifieds legal, cautions against it

News February 06, 2018 10:55 0 comments

Romania’s Ministry of Business Environment, Commerce and Entrepreneurship has released a reaction to the posting of several winning projects on classifieds. The authorities said that although it is legal, they caution against the taking over…more »