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Dairy producer Artesana wants to get over EUR6 million via the Just Transition Program to turn the old plant of Tecuci, Galati county, into a new cheese plant, explained Daniel Donici, co-founder of the company.
The Cluj-based cosmetics manufacturer Farmec ended 2023 with about 20% growth in revenue to RON358 million (more than EUR71 million), after entering new market segments, expanding its retail chain and investing in production.
Santierul Naval Orsova (Orsova Shipyard – SNO.RO) on Tuesday notified capital market investors about having signed an external contract to build and deliver two river vessels, whose buyer is Rensen-Driessen Shipbuilding B.V. (Netherlands).
Private equity company ROCA Investments announces a current valuation before dividend distribution of EUR81.64 million for 2023, up from the EUR78.1 million a year ago. ROCA Investments’ equity market value has increased 3.7 times in its six years in business.
Real estate developer Hagag Development has appointed Ana-Maria Nemtanu, who has 17 years of experience in the local real estate industry, director of leasing, a position from which she will be supervising the leasing operations of the commercial portfolio of the company, about 18,000 square meters in total lettable area of office and retail space.
Demand for land considered strategic and available at lower prices than in a very active market is on the rise in Romania, and the trend is drawing the attention of major developers looking to cement their position on the real estate market.
Eleco plc, a specialized software supplier listed on the Alternative Investment Market of London Stock Exchange, has acquired Vertical Digital group of companies made up of Vertical Digital SRL and Sons of Coding SRL, software companies headquartered in Oradea and Timisoara.
Popeyes, the US restaurant chain that arrived in Romania in the spring of 2022, in a franchise system, will open a new unit in Pitesti, the first city the company has chosen to bet on locally after Bucharest.
Alternative investment fund Transilvania Investments Alliance announced that during the general ordinary meeting of shareholders of April 22 the distribution of 2023 net profit was approved, with the gross dividend set at RON0.015/share, securing a yield of 4.67%.
ING Hubs Romania, the local software development hub of Dutch financial-banking group ING, aims to reach the mark of 2,000 specialists in its team by yearend, so that it can keep up the business growth pace at over 20% via the expansion of existing projects.
CER Cleaning Equipment, which operates Kärcher production in Romania, entered the club of RON billionaires after doubling its turnover in the past two years.
La Lorraine, a major player on the bakery market, owned by the Belgian group of the same name, currently has 35 jobs available at the unit of Campia Turzii, Cluj county.
Sphera Franchise Group, the company that manages KFC, Taco Bell and Pizza Hut restaurants locally, plans to open new units, but expansion will not longer be as aggressive as in the past years.
Real estate investments reached EUR205.75 million in the first quarter of the year, 33% more than in the corresponding period of 2023. The most dynamic sector was retail, followed by hotel and industrial sectors, an analysis by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate alliance shows.
Eurowind Energy, a Danish renewable energy company, has signed a EUR65.33 million loan facility for the construction of a wind farm in Pecineaga, Constanta County, with a total capacity of 48 MW.
Romania had one of the government deficit to Gross Domestic Product ratios in the European Union in 2023, 6.6%, behind only Hungary and Italy, while its government debt to GDP ratio was lower than the EU average in the fourth quarter, despite having seen one of the highest annual increases, data from Eurostat, EU’s statistical office, published on Monday show.
Sameday, one of the largest parcel delivery companies in Romania, announces intent to buy Sprinter, a rival with an over 25-year presence on the Hungarian market.
Julius Meinl Living, which manages hotel properties in major European capitals, has completed the acquisition of the Ambasador Hotel in Bucharest.
Real estate developer on Friday approved a capital share increase by RON6.2 million to support the implementation of the stock option plan by issuing 31.2 million new shares with a nominal value of RON0.2.
Romania at the end of last year had 997 km of highway, 48 more than in 2022, which account for 5.6% of the national road network, National Statistics Institute data show.19990 items