Local player opens first Xiaomi franchise in Romania

Local player opens first Xiaomi franchise in Romania

Dec 7, 2019

Romanian import and distribution firm GBR Tronics, with RON 8 million (EUR 1.7 mln) turnover in 2018, has opened the first Xiaomi shop in Romania, under franchise, Profit.ro reported. The showroom is located on Lipscani street, in Bucharest’s Old Town, according to Romania-Insider.com. The company distributes almost the whole Xiaomi range of products sold on...

Business Review: Romania’s top 10 ambassador brands

Business Review: Romania’s top 10 ambassador brands

Dec 2, 2019

Romanian companies have started to conquer foreign markets. From decades-old brands such as Dacia or Gerovital to new companies like UiPath or UNTOLD, these have become some of the best known brands in the world in their respective industries. Through their popularity, Romania has secured a place on the map of countries that produce global companies, says...

World Ski Awards names Romania’s best ski resort of 2019

World Ski Awards names Romania’s best ski resort of 2019

Dec 1, 2019

Sinaia, a mountain resort some 140 km north of Bucharest, was named Romania’s Best Ski Resort 2019 at the World Ski Awards, an event held this past weekend in Kitzbuhel, Austria. It is the third consecutive year that Sinaia wins the award, Maria Floricică, manager of Sinaia Urban Transport, the local council company administering the ski domain of the...

New Europe: EU body calls for better cohesion policy to stop brain drain

New Europe: EU body calls for better cohesion policy to stop brain drain

Nov 30, 2019

The SEDEC Commission of the European Committee of the Regions (CoR) adopted on 27 November an opinion by Emil Boc, mayor of the Romanian city Cluj-Napoca and former prime minister of the country, according to NewEurope.eu. In his opinion, Boc stresses the need to address the challenge of “brain drain“, or the emigration of highly qualified people to a more...

Romania’s Banca Transilvania repurchases 1.83 mln own shares

Romania’s Banca Transilvania repurchases 1.83 mln own shares

Nov 28, 2019

Romania’s Banca Transilvania (BT) [BSE:TLV] said that it has repurchased a total of 1,829,309 own shares in the period November 18-22 at a weighted average price per share of 2.47 lei ($0.57/0.51 euro), according to SeeNews.com. Banca Transilvania paid a total of some 4.5 million lei for the share repurchases during the review period, the lender said. In...

MagicHome, a shelter for parents of children with cancer, opens in Bucharest

MagicHome, a shelter for parents of children with cancer, opens in Bucharest

Nov 28, 2019

MagicHome, a shelter that will host the parents of children with cancer who go for treatment at the Fundeni Hospital in Bucharest – the biggest oncologic hospital in Romania, opened its doors officially on Tuesday, November 26. The project has been developed in two years and financed from private donations, according to Romania-Insider.com. The MagiCAMP...