La Fantana, a local supplier of bottled water for water coolers to companies, held by Swedish investment fund Oresa Ventures and Romanian entrepreneur Cristian Amza, said it invested EUR2 million in an automated bottling line within the plant at Talmaciu (Sibiu County).
Transportation company BlackCab has expanded into the Romanian north-eastern city of Iasi since Monday (Sept 5) and plans to tap into the markets of the cities of Brasov, Sibiu and Craiova until the end of 2022.
Raiffeisen Bank is launching factory GROW, a personalized business scaling model based on which entrepreneurs (small and medium-sized enterprises- SMEs) may obtain loans up to EUR500,000 in order to develop their businesses on other markets, expand their business model and innovate, the lender said on Wednesday (Sept 7).
Low-cost airline Wizz Air on Wednesday (Sept 7) said it would add five aircrafts to its base in capital city Bucharest and increase the operational capacity on four other airports, in Bacau, Cluj-Napoca, Iasi and Sibiu, respectively.
The European Commission and the European Investment Bank (EIB) have signed the agreement on the Public Sector Loan Facility, the third pillar of the Just Transition Mechanism. The facility will finance public investments in the regions most affected by Europe’s transition to a climate-neutral economy.
Romania’s statistics board INS has reconfirmed the country’s economic growth at 5.8% both in unadjusted data and in seasonally adjusted data for the first half of 2022 as compared with the same period in 2021, in line with provisional (1) estimates released on Wednesday (September 7).
Elian Solutions, part of Bittnet group, a provider of ERP business solutions, doubled its revenues in the first half of this year, to RON5.49 million, ending the year half with RON859,000 gross profit.
Radauti-based home appliances wholesaler Marelvi, controlled by local entrepreneur family Mihalescul, for 2021 reported turnover worth RON398.9 million (EUR81 million), up around 9% on the year, in line with ZF calculations based on Finance Ministry data.
Shopping center Liberty, owned by Alpha Bank, Bank of Cyprus and Eurobank, is likely to be taken over by Jumbo, according to Romanian real estate market sources.
Harmut Jenner, CEO of cleaning equipment manufacturer Kärcher, believes the business has the potential to double sales in coming years, to EUR50 million, amid business-to-business segment acceleration.
Romanian e-learning company Ascendia reported losses of RON473,588 in the first half of 2022, from net profit of RON182,300 in 1H.2021, amid RON1.4 million turnover, up 68%.
Businessman Claudiu Aron, owner of Alpin 2003 company managing hotel compound Alpin Resort Hotel, one of the largest tourism players in Poiana Brasov resort, plans to build a 120-apartment aparthotel in Romanian seaside resort Olimp.
Airline Blue Air on Tuesday announced that it would suspend all flights from Romania until Monday (September 12) because all its accounts have been blocked.
Auto parts manufacturer Aptiv Technology Services & Solutions, the former Delphi Packard Romania, currently has 200 jobs available at its plant of Ineu (Arad County), as per data on the website of Arad Employment Agency.
The summer 2022 Standard Eurobarometer survey shows increased trust of citizens in the European Union (EU) and continued strong support for the EU's response to the Russian aggression against Ukraine.
Chimcomplex (CRC.RO), Romania's largest chemical plant with industrial sites in Onesti and Ramnicu Valcea, said in a stock market report that it appointed Cosmin Baiu to the position of Deputy General Director, for a four-year term, starting September 2022.
The 123Credit.ro platform, which eases the access to personal, consumer and mortgage loans and was launched in early 2022, has raised EUR3 million through private equity fund Omnia Capital, in a second funding round.
The assets of former chemical plant Nitroporos, part of InterAgro Group held by businessman Ioan Niculae, are up for sale after the company went bankrupt several years ago.
China has retained the top position when it comes to progress toward an electric vehicle (EV) future, according to the latest EY Electric Vehicle Country Readiness Index. The Index looks at the preparedness of the top 14 vehicle markets for the arrival of EVs based on supply, demand and regulation.