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The starch factory in Medgidia, which Turkey’s Tosmur Group opened in 2022, posted EUR98 million revenue in 2023 and is expecting a 10% increase in 2024, company officials say.
Local café network 5 to go aims to reach a total 650 units and a 25% annual increase in turnover, to EUR50 million, at the end of 2024.
The Paval family, the owner of DIY retailer Dedeman, will drop investment fund Equiliant Capital launched in 2019, focusing instead on Paval Holding, a special purpose vehicle it has been using to buy stock on the Bucharest Stock Exchange or for transactions outside the capital market.
eMAG has appointed Mircea Tomescu to the position of Chief Marketing Officer for Romania, Hungary, and Bulgaria.
39.6% of the jobs posted in 2023 targeted entry-level candidates, namely, those with 0 to 2 years of experience, 28.4% were looking for candidates with an average level of experience (2-5 years) and 21% were also accepting candidates with no experience at all, in line with data presented in the eighth edition of the annual Review & Trends report by eJobs.
Low-cost airline Wizz Air announces that it will resume operations on its routes from Bucharest and Budapest, Sofia, London, Krakow, Rome to Tel Aviv.
Romania’s new commissioned power plants included 496MW solar, 72MW wind and 56MW hydrocarbon, in 2023, totaling 624MW of installed power, new production capacities now available to the national energy system, according to the country's energy minister, Sebastian Burduja.
Forte Partners announces LEED v4 Platinum certification with a score of 88 to the second phase of the U•Center project following evaluation against the following criteria: location and transportation, project sustainability, water efficiency, energy and climate efficiency, materials and resources used, indoor environmental quality, innovation and regional priority.
Renault group on Wednesday announced in its annual report that Dacia brand in 2023 registered total sales of 658,321 units globally, up 14.7%, accounting for 30% in the French carmaker’s total sales.
Automotive industry wiring producer Leoni Wiring Systems Ro, part of German group Leoni, currently has 100 jobs available at the Bistrita plant.
Porcelain products manufacturer Apulum, one of IKEA’s suppliers, currently has 50 jobs available for the Alba Iulia plant.
Road freight carrier Trans SESE, the local subsidiary of Spain’s SESE group, currently has 130 truck driver jobs available.
CEE economies, including Romania, will not suffer any fiscal and budgetary expense cutback pressures in 2024 as the year is a crucial electoral one and governments must be generous and throw money onto the market to counter the rise of populist parties, which are gaining ground.
Turism, Hoteluri, Restaurante Marea Neagra (EFO.RO), which manages several hotels and restaurants in Romanian seaside resorts, has called shareholders for February 19, 2024 to approve a decision aimed at contracting a medium-term loan from lender Banca Transilvania, in the amount of EUR4 million or the equivalent in lei.
The acquisition of Alpha Bank Romania is going well, the due diligence was fine and nothing to change the course of this deal was found, Teodora Petkova, UniCredit’s global head for Central and Eastern Europe, said at the Euromoney conference in Vienna on Tuesday.
Telekom Romania Mobile, ranked fourth on the local mobile telecom market and held by OTE (Greece) and Deustche Telekom (Germany), has announced that it expanded its 5G network in the town of Ramnicu-Valcea and surrounding areas.
Road freight carrier Criboser, based in Oradea, brings about 80 to 100 trucks with food, flowers and medicines in Romania every week, while sending 20 trucks abroad from Romania and the rest from Hungary.
Farmacia Tei pharmacy chain will add new stores in Brasov, Craiova, Bucharest’s Sector 4 and Focsani along with Bebe Tei, its officials say.
Douglas Romania has relocated its new office space in capital city Bucharest to office project Oregon Park.
Global tax reform, ineffective use of technology, and economic uncertainty are putting significant strain on businesses’ transfer pricing (TP) capabilities, according to the 2024 EY International Tax and Transfer Pricing Survey.19075 items