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The group Transylvania Invest, a major Romanian-held grain trader, is part of is readying to enter the fruit and vegetable market and invests EUR2.2 million in an 1,800-ton controlled temperature warehouse, explained Sergiu Gorban, CEO and a stakeholder in Transylvania group.
Holcim Romania, the biggest building materials producer locally by turnover, has completed an over EUR3 million investment in a new aggregates plant in Neudorf, Arad county.
Horia Cardos, CEO of Agroland, a Romanian retail, agriculture and food entrepreneurial group, says the next planned investments are in the construction of the liquid egg plant of Giurgiu county, in boosting the capacity of the animal feed plant near Craiova, the retooling of Caransebes plant and in starting a pet food production line.
“My biggest dream is for us to be present with Alexandrion Group products in every country of the world and I know I will accomplish it. We already sell our products in more than 50 countries”.
Cramele Recas, a major winemaker in Romania, plans to expand its production and warehousing capacity.
Cybersecurity company SafeTech Innovations (SAFE.RO) has signed a significant contract that exceeds 10% of its total revenue in the last annual financial statements, it said in a report to the Bucharest Stock Exchange on Wednesday evening.
Neither the European Commission, nor the Competition Council have received any notifications from Ahold Delhaize or Profi regarding the takeover of the Profi store chain by the Dutch-Belgian Delhaize group, which has the Mega Image brand in Romania.
Swiss-held Artemis Group, a developer of industrial spaces, has completed a EUR10 million investment in the fourth building of the Artemis Industrial Park in Sanandrei, Timis County.
Airline Dan Air announced it would be flying from Bacau as of November 13, after leaving Brasov. The main reason why it made this decision was that the Brasov Airport delayed extending its opening hours from 12 at the moment to 16 from November 3 to January 2024.
Romania's foreign exchange reserves stood at EUR58.18 billion in October 2023, lower by EUR1.05 billion than in September 2023, central bank data showed on Wednesday (November 1).
Ursus Breweries, the largest actor on the beer market in Romania, has inaugurated a new bottling line at its brewery in Brasov, as well as new warehouses, labs and office space, which will help streamline operational capacity, as part of a strategic investment of EUR50 million it started in 2020.
A team of lawyers of D&B David si Baias, PwC’s correspondent law firm in Romania, has assisted Greece’s Public Power Corporation in concluding the deal whereby it took over the Romanian electricity generation, supply and distribution assets of Italy’s Enel group.
Pet Star Holding, a major producer of PET preforms in Romania and the Balkans, has contracted EUR4 million funding from CEC Bank set to support its business.
Precast concrete parts manufacturer Prefab Bucuresti, indirectly controlled by entrepreneur Petre Marian Milut, for the first nine months of 2023 reported operating revenues of RON94 million, from RON72 million in the same period of 2022 amid rising sale prices.
Revolut, the fintech that operates on the basis of a license granted by the bank of Lithuania and is pending certification by Romania’s central bank, plans to reach 240 employees in Romania this year.
Travel agency Eximtur of Cluj-Napoca, one of the largest in Romania, controlled by Morariu family, generated EUR40 million turnover in the first nine months of this year, up 20% from the year-earlier period.
Computer and electronics retailer Altex, held by entrepreneur Dan Ostahie, budgeted more than EUR1.4 billion (RON7 billion) sales for this year, an increase of 7% to 10% on the sales of 2022.
Chimcomplex (CRC.RO), the largest chemical plant in Romania, informed investors in a report to the Bucharest Stock Exchange on Tuesday that its chief executive officer Stefan Vuza stepped down as of October 31.
Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, has advised J.C. Flowers & Co. in connection with the sale of First Bank to the Italian group Intesa, a transaction that marks the exit of the American private investment firm from Romania, six years after its first acquisition.
Electrical components manufacturer Romradiatoare Brasov (RRD.RO) recorded a profit of RON843,126 in January-September 2023, up from a loss of RON1.48 million in the same period last year, the company said in its financial report.19080 items