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The Litera Group takes over Elefant.ro
Wednesday, March 26, 2025
The Litera Group will take over Elefant.ro through a transaction that ends the period of insolvency of Elefant.ro and marks the relaunch and consolidation of its presence on the online retail market in ...
Heightened competition and geopolitics impact C-suite strategies as the highest rising factors expected to hold back growth
Wednesday, March 26, 2025
Increased competition and heightened geopolitical instability are now the two highest rising trends holding back growth for executives – 35% (up 13 points) and 30% (up eight points from 2024), respectively. Leaders expect economic uncertainty (39%) and increased competition (33%) to have the biggest impact on their organisations. More than four in five businesses (83%) plan to expand to at least one ...
Bestjobs: Young people are taking the job market by storm
Wednesday, March 26, 2025
In the first 3 months of 2025, the Romanian labor market slowed down compared to the same period of the previous year. Economic uncertainties, especially in the global and local political context, had a major impact on companies’ development plans and recruitment strategies. On bestjobs, the online recruitment platform, 52,000 jobs were published, which generated over 2.4 million applications. The most active candidates come from the age categories 25-34, followed by 18-24, the two ...
Maria Niculescu-Aron is the new General Manager of Bolt for the Ride-Hailing Division
Wednesday, March 26, 2025
Bolt has appointed Maria Niculescu-Aron as the General Manager of Bolt Romania for the ride-hailing division, with the primary goal of continuing the development of urban mobility in Romania through innovative solutions that complement public transport by providing extensive connections between urban areas. With extensive international experience in business development, innovation, and digital transformation, Maria will oversee Bolt’s strategy and expansion of ...
Trendyol expands across CEE with Romania emerging as a key market
Wednesday, March 26, 2025
Trendyol, Turkey’s largest e-commerce platform and its first decacorn, is rapidly expanding across Central and Eastern Europe, with Romania leading the region in customer adoption and sales. In a press conference held at its headquarters in Istanbul, Trendyol executives Erdem Inan, CEO, and ?rem Ça?r? Y?landil, Head of International Expansion, shared insights into the company’s regional strategy, ambitious growth targets, and local initiatives aimed at strengthening its ...
German medical manufacturer Dräger reveals the recipe for performance in Romania
Wednesday, March 26, 2025
Dräger Romania, the local subsidiary of the German company Dräger, a world leader in medical and safety technology, posted revenues of 25 million euros in 2024, marking an increase of 15.3% compared to the previous year. This solid development was mainly driven by the strong growth in sales in the Medical Division, but also by the growing orders from the government sector for the Safety Division. Demand for advanced medical equipment has been growing in ...
Ikea Romania celebrates its 18th birthday
Wednesday, March 26, 2025
With the first store opening in 2007, IKEA brought Scandinavian design, functional and affordable products to millions of Romanian homes. To celebrate this milestone, IKEA stores in Romania are hosting a special weekend from March 21 – 23 offering exclusive promotions, delicious discounts and creative workshop events for IKEA Family members. IKEA entered the market in Baneasa, now being the oldest store in South East Europe region, followed by the region’s ...
SYMMETRICA completes its 50 million euro factory near Bucharest this summer
Wednesday, March 26, 2025
Symmetrica, the player on the local vibro-pressed paving slabs and curbs market, is in the final stages of completing its new factory in Bolintin Vale (Giurgiu County), the largest paving and concrete slab production unit in the company’s network and in the Southeast of Europe. Developed with an investment of nearly 50 million euros, the factory currently has three of its four production lines operational and will be fully functional by this ...
Arctic Stream finalized 23% acquisition of Data Core Systems
Wednesday, March 26, 2025
Arctic Stream, an IT infrastructure and security integrator, has formalized the transaction for the acquisition of 23% of the shares in Data Core Systems (DCS), one of Romania’s leading cybersecurity service providers. The signing of the agreement on March 21, 2025, marks the final step in consolidating the strategic partnership between AST and DCS, following the completion of all legal and financial due diligence ...
Report: Insolvencies in 2024 Back to Pre-Pandemic Level
Wednesday, March 19, 2025
*141 high-impact companies entered insolvency last year, a 58% increase compared to 2023. The number of companies that resorted to insolvency procedures in 2024 increased by over 9% compared to the previous year and reached 7,274, shows an analysis by CITR, a company active in the insolvency and restructuring market in Romania. Of these, 141 are impact companies, with assets of over 1 million euros, compared to 90 in the previous ...
Furla Opens Two Stores Outside Bucharest
Wednesday, March 19, 2025
Furla, the Italian luxury leather bag brand, as well as footwear, continues to expand on the Romanian market and opens two new stores, through a partnership with the Iulius group, a developer of malls and other real estate projects. On March 11, 2025, Furla inaugurated its first store outside Bucharest, in Palas Mall Iasi. The brand will also be present in Cluj-Napoca, within the Rivus project, still in development, where it will open both a ...
Competition Council Approves Antalis’ Acquisition of Xerox Assets
Wednesday, March 19, 2025
The Competition Council has approved the transaction through which Antalis SA intends to acquire certain assets of Xerox (Romania) Echipamente si Servicii SA. The transaction covers the business and all assets of Xerox Romania involved in the distribution of fine and office paper in Romania. Antalis SA is part of the Antalis group, which operates in the distribution of paper, packaging, and visual communication solutions ...
Romanians Prioritize Job Security and Work-Life Balance Over Salary
Wednesday, March 19, 2025
For the first time in its history, this year Randstad Romania Workmonitor research reveals that job security and work-life balance are deemed more important than pay (88% and 86% vs 84%) for Romanian employees, slightly above the global average. Conducted by Randstad Romania, leader on the human resources services industry, the research identifies a new workplace baseline emerged in the last year, where talents prioritize personalization, ...
RoCoach survey : 81% of organizational leaders are confident that they perform well or very well in their leadership roles
Wednesday, March 19, 2025
Although 81% of organizational leaders are confident that they perform well or very well in their leadership roles, only 43% of employees agree that their direct manager meets the criteria of an effective leader, according to a national RoCoach survey conducted with over 600 respondents. The perception gap extends to other key leadership aspects. While 74% of managers believe they clearly communicate their business vision and objectives, 38% of ...
Competition Council Reviews Kronospan’s Takeover of ZG Timber
Wednesday, March 19, 2025
The Competition Council is reviewing the transaction by which Kronospan Holdings South Limited intends to acquire ZG Timber Sebes S.R.L. ZG Timber Sebes S.R.L has production capacities for timber and pellets, located in Sebes Municipality, Alba County, Romania. Kronospan Holdings South Limited specializes in the production and distribution of particleboard (PAL, MDF, OSB) and melamine-faced boards. In ...
Paval brothers, Dedeman owners, expand into agriculture
Wednesday, March 19, 2025
The Paval brothers, the owners of Dedeman, are expanding their business in agriculture. Paval Holding bought the Dueci Agro company, owned by Italian investors, at the end of last year, according to data from the Official Gazette. Paval Holing bought all the shares of the Dueci Agro company, owned by the Italian Lovato Ricardo. “The price of the land is 5,000 euros per hectare for the ...
Romaqua Group: 7% growth and achievement of Superbrand status in 2024
Wednesday, March 19, 2025
For Romaqua Group, the year 2024 was a good year, with objectives being met despite all the difficulties faced by the business environment. The turnover slightly increased (by 7%), mainly due to good market results. Both the mineral water market and the soft drinks and beer markets, where Romaqua Group is active, registered slight growths. Considering that prices have risen, putting even more pressure on consumers’ purchasing power, it is remarkable that this ...
Agroland continues the nationwide expansion of the MEGA network and reaches 29 stores in Romania
Wednesday, March 19, 2025
Agroland Business System (BVB: AG), the Romanian entrepreneurial retail, agriculture, and food group that owns the largest network of agricultural stores in Romania, announces the opening of a new Agroland store in MEGA format near Suceava, thus expanding its network to 29 units of this type nationwide. “The opening of the new MEGA-format store in Suceava brings us closer to achieving our goal of surpassing the threshold of 250 Agroland stores this year. ...
Competition Council Approves Emma Zeta’s Takeover of Diamedix
Wednesday, March 12, 2025
The Competition Council has authorised the transaction by which Emma Zeta Limited intends to acquire Diamedix Impex SA. Emma Zeta Limited, from Cyprus, is part of the Emma Group, which is active in Romania, in particular, in the energy sector (through the Premier Energy group) and in the gambling sector. Diamedix Impex SA specialises in the marketing of a wide range of reagents and equipment for diagnostic techniques, the provision of on-site medical ...
IBM & Amazon Open Joint Lab at Innovation Center in Bucharest
Wednesday, March 12, 2025
IBM and Amazon are opening a new lab, which will be jointly operated, at the IBM Customer Innovation Center in Bucharest. The lab will have joint customers from 22 countries, with generative AI solutions built using Amazon Bedrock, Amazon Q, Amazon SageMaker and IBM Watson on AWS. In early 2023, the two major companies launched the Global Innovation Lab in India. Romania will also have the first IBM Quantum Innovation Center in Romania, ...