Barleta plant of Bacau, where paper bags are manufactured for major supermarket chains, fast-food networks or bakery producers, has boosted production capacity by 15% in the wake of operated investments, according to officials.
Mobile Industrial Robots (MiR), a pioneer in Autonomous Mobile Robot (AMR), has launched MiR Fleet Enterprise, a platform designed for companies transitioning from using a small number of robots to large fleets requiring advanced automation, orchestration and traffic management capabilities, company representatives said in a press statement.
An integrated team of lawyers and advisors from law firm KPMG Legal – Toncescu si Asociaţii and KPMG Advisory, acted as consultant in the process during which Token Payment Services (TOKEN) was authorized as payment institution by Romania's central bank.
Casa Rusu, the operator of the furniture stores by the same name has gone insolvent at the request of Rus Savitar, the company part of the same group that operates the furniture plant. The decision comes one year after the Rusus bought back Casa Rusu-Rus Savitar from investment firm Greenbridge, to which they had sold it in 2019.
The volume of construction works in Romania decreased, in unadjusted data, by 3.1% in January-August 2024 and by 2.5% when adjusted for the number of working days and seasonality, data from Romania’s statistics office INS showed on Friday (Oct 18).
National grid operator Transelectrica (stock symbol: TEL) has announced in a stock market report that the construction works on LEA 220 double circuit Ostrovu Mare – RET (new high voltage power line) are in an advanced stage of execution.
French-held retailer Carrefour has finalized the integration of former hypermarket Cora Lujerului Bucharest, once the best food store in Romania by sales, in the context of its acquisition of Cora chain.
Photon Energy Engineering Romania, the local division of Dutch Photon Energy, dedicated to engineering, procurement and construction (EPC) services, has finalized and grid connected its thirteenth solar photovoltaic power plant in Romania, with a production capacity of 3.2 MWp.
RetuRo, the administrator of the Deposit Return System in Romania, has announced that in September consumers returned 435 million packaging materials, thus reaching a monthly collection rate of above 81%, a result that overshot the record high of August, of 78%.
Stripe, an Irish-American fintech valued at $50 million that has globally developed an infrastructure allowing companies to accept payments by card but also via different local platforms, has reached a team made up of over 50 people in the center it opened a year ago in Bucharest and continues recruitment.
Car parts manufacturer Aptiv Technology Services & Solutions in 2023 registered turnover worth RON1.569 billion (EUR317.2 million), 2.3 times higher than in 2022, in line with ZF calculations based on Finance Ministry data.
Automotive wiring manufacturer Fujikura Automotive Romania, the local subsidiary of Japanese group Fujikura, for 2023 reported turnover worth RON103.5 million (EUR20.9 million), up 3.85 from 2022, in line with ZF calculations based on Finance Ministry data.
Romanian-held agribusiness group Rodbun Grup posted RON795.6 million (EUR160.8 million) revenue in 2023, up 9.3% from the previous year’s RON727.4 million (EUR147.5 million), according to ZF’s calculations based on data from the Finance Ministry website.
Frigoglass Romania, a producer of plastics and refrigerated display cases, part of the Greek Frigoglass Group, posted about RON605 million (EUR122.3 million) revenue in 2023, up 3.7% from the previous year’s RON582.9 million (EUR118.2 million), according to ZF calculations based on Finance Ministry data.
Electricity supplier and distributor Electrica (stock symbol: EL) announced in a stock market report on Oct 17 the signing of an agreement to access non-refundable European financing in the amount of approximately EUR3.4 million, through the National Recovery and Resilience Plan (PNRR).
Romania's Finance Ministry raised RON511.3 million from banks on Thursday (Oct 17, 2024) selling benchmark bonds, above the planned amount of RON400 million, at an annual average yield of 6.82%.
Poland’s Elemental Holding Group based in Luxembourg has taken over the majority stake in Romanian ACC Recycling Services and plans to invest almost EUR20 million in a plant for recycling electronic and electrical equipment waste in Deva, Hunedoara County, the group said.
Pharmaceuticals company Sanofi Romania, the local division of French giant Sanofi, has announced the appointment of Buğra Kulak as Head of Pharma and Country Lead of Sanofi Romania.
Romania had the highest annual inflation rate, of 4.8%, among European Union Member States, in September 2024, data from Eurostat, the statistical office of the European Union, showed on Thursday (October 17).
Romania's Competition Council is analyzing the transaction through which Essilor International SAS intends to take over Optical Investment Group SA and its subsidiary, Optical Network Services SRL.