Category: Uncategorized

The Government of Romania has decided that the minimum gross statutory wage will increase to RON 4,050 (over EUR 800) from 2025. It is a 9.5% increase from the current RON 3,700. “In the tripartite national committee [e.n. that includes trade unions and employers associations besides the Government], we established that, from January 1, 2025,…

ROCA Industry, the industrial holding specialized in the production of construction materials, announced the full acquisition of Workshop Doors by purchasing an additional 30% stake in the company’s share capital.  The largest player was already in the holding’s portfolio. The company entered the ROCA Industry’s portfolio in February 2024 with the acquisition of an initial 70% stake.…

Romanian non-profit Help Autism, which works with children and youth with autism spectrum disorder (ASD), has launched a social franchise aimed at increasing the number of therapy centers for people with autism. The franchise model, a first for the country, is meant to expand the NGO’s impact by replicating its social concept using the structure…

Medicover Romania, the local subsidiary of the Swedish medical services provider, is looking to acquire the Romanian companies of Synlab International GmbH, active in laboratory diagnostic services. The Competition Council is currently analyzing the transaction. Synlab International GmbH owns locally the companies Synlab West, Synlab Laboratories, Zostalab, Medsense Servicii Medicale, and two individual medical practices,…

Romania has received six formal approvals in its process of joining the Organization for Economic Co-operation and Development, or OECD, out of the 26 required, with one approval still pending in the health sector, state secretary Luca Niculescu said, as spokesman of the Romanian Government. Niculescu emphasized that Romania’s most significant objective, after joining NATO…

Taco Bell, the youngest brand in the portfolio of Romanian restaurant operator Sphera Franchise Group (BVB: SFG), has reached a network of 15 restaurants in key cities in Romania in the seven years since its launch in the local market. Costică Mișaca, General Manager of Taco Bell Romania, sees further potential for expansion as Romanians…

The organizers of the Sibiu Christmas Market, one of the most famous such events in the country, recently unveiled the dates for this year’s edition. The 17th edition of the Sibiu Christmas Market will run from November 15, 2024, to January 5, 2025, lasting longer than previous years, according to local news outlet OraDeSibiu. Known…

Bucharest mayor Nicușor Dan announced that the land records for Unirii Square have been rectified, confirming that the Bucharest City Hall is the rightful owner and administrator of the entire above-ground area, settling the dispute between City Hall and District 4. On Monday, October 14, a conflict over construction permits and ownership rights over the…

Ikea Romania reported a 12% increase in total sales for the fiscal year 2024 (September 1, 2023 to August 31, 2024) and a 5% rise in online commerce compared to the previous year. Its total sales for the fiscal year 2024 amounted to RON 1.4 billion (some EUR 280 million), up from RON 1.25 billion…

Romanian hydropower group Hidroelectrica (BVB: H2O) recently held its first investors meeting after listing on the Bucharest Stock Exchange. The energy producer aims to spend RON 1.4 billion (EUR 281 million) over the next 4 years in upgrades, modernizations, and acquisitions. Of the 8,500 MWh produced in Romania this summer, half were generated by Hidroelectrica,…