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The premium segment of Romania’s smartphone market, including phones with prices of above EUR600, will this year go beyond the EUR1 billion threshold by value and reach over EUR1 million by quantity, in line with estimates by the local representatives of South Korea’s giant Samsung, one of the world’s biggest makers of smartphones.
Automotive component manufacturer Preh Romania, a supplier for Porsche, Mercedes and Tesla, expects EUR260 million revenue this year, while the car market has not yet recovered to pre-COVID levels.
IT Group Bittnet (BNET.RO), an integrator of IT&C solutions and a provider of training services in the IT sector, has informed investors in a stock market report on Jan. 17 about the signing of a significant contract by Dendrio Solutions, part of the Cloud& Infrastructure pillar of the Group.
Real estate developer IMPACT Developer & Contractor (IMP.RO) announced in a stock market report on Wednesday (Jan. 17, 2024) that it signed six new contracts with Brasov-based RCTI Company, in which it owns a 51% stake.
Kastamonu Romania (formerly Prolemn), held by Turkey's Kastamonu Entegre, expects similar results to last year's for its wood processing plant in Reghin in 2024. The company ended the first nine months of 2023 with more than EUR100 million revenue and estimates full-year revenue to reach EUR130 million.
Latvia's Eleving Group, a global multi-brand fintech company operating in the vehicle and consumer financing business, has obtained an investment of EUR10 million for the development of business operations in the Romanian market.
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.19501 items