The Romanian company Color Smart Distribution, the only importer and distributor in Romania and the Republic of Moldova of the premium brands Novacolor and Pittsburgh Paints, has budgeted in 2022 an investment of over 500,000 euro, for expansion. In addition, the company allocates 3-5% of its annual revenues for sales support materials, and a significant part of the budget goes […]

BASF – the world’s largest chemical company and European leader in research and development, along with AHK Romania, are announcing the BASF Innovation Hub program, which will gather start-ups and innovators from 11 countries of Central and Southeast Europe, including Romania. The project aims to act as a launching platform, supporting start-ups by promoting the best ideas and also by […]

RO e-Factura, the national electronic invoicing system, which is mandatory for B2B companies from 1st July, does not bring visible benefits for the business environment, the positive economic effects being visible in time and only if the new system will be applied in all areas of activity, according to NextUp, a software solutions company, which has implemented a solution for […]

The data center built near Craiova by Cluster Power with the help of Tema Energy’s engineering team has officially achieved Tier III Design Accredited accreditation from the US Uptime Institute. Cluster Power is the first hyper-scalable data center with artificial intelligence capabilities in Romania. Uptime Institute is based in New York and brings together accredited experts who review and certify […]

More than 70% of employers in the EMEA region are turning to the hybrid work system, according to CBRE’s annual Office Occupier Survey. The data shows the trend of employees returning to the offices. In Romania, also, employees seem eager to return to the companies’ offices. Approximately 60% of the respondents of an online survey conducted by CBRE Romania in […]

GEFCO has created an innovative road-rail solution to save Toyota Motor Europe in CO2 emissions. Drawing on GEFCO’s multimodal logistics expertise, this service transports automotive parts in reusable containers from Spain to the north of France in two daily return journeys. Compared with the previous road-only transportation, this solution enables Toyota to significantly reduce its carbon footprint. This latest logistics […]

Vodafone Romania announces the key performance indicators for the financial year ended March 31st, 2022, as reported today by Vodafone Group Plc. The service revenue is at EUR 764 million. Compared with last financial year, the organic service revenue registered a decrease of 0.1%. Vodafone Romania customer base reached 11.1 million at March 31st, 2022, and it includes clients of […]

Softbinator Technologies (stock symbol CODE), a Romanian software development company specializing in the design, development and market launch of innovative products, has chosen the Opera Center One building, part of the CA Immo portfolio, to be its new employee-friendly workspace as part of its strategy to strengthen its position as a leading employer. Softbinator Technologies, a company founded by Daniel […]

Data centers in Romania consume about 1.5 billion kWh of electricity annually, which represents about 3% of the total of about 50,818 billion kWh nationwide, according to Tema Energy, Data Center Forum Romania conference’s organizer, now in its fifth edition. In 2019 this percentage was 2.1%, according to Tema Energy estimates, but the intense digitalization in recent years, the emergence […]

The first quarter of 2022 was characterized by significantly higher energy and raw materials prices as well as supply chain disruptions. “Nevertheless, we had a very good start to the year 2022,” said Dr. Martin Brudermüller, Chairman of the Board of Executive Directors of BASF SE, at the company’s virtual Annual Shareholders’ Meeting this year. BASF had already released preliminary […]

River Development announces that International Institution SEK Bucharest International School is opening its first school in Romania in a building in Sema Parc, for current educational activities and future expansion. The transaction was brokered by ESOP Consulting, a local real estate consulting firm. Founded in 1892, the International Institution SEK Bucharest International School offers its students a program of trilingual […]

The major taxpayers are obliged from January 1, 2022, to report digitally the fiscal and accounting information to ANAF. However, they received a grace period of 6 months, the reporting obligation will come into force starting with July a.c. Major taxpayers will be followed by medium-sized taxpayers in 2023, and small taxpayers in 2025. The new reporting system is made […]