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Perla Harghitei and Apemin Tusnad group is currently carrying out multiannual investments worth above EUR49 million, out of which EUR40 million are investments in Perla Harghitei, explained Mihai Neagu, the group’s CEO.
Socar Petroleum SA, a subsidiary of SOCAR (The State Oil Company of Azerbaijan Republic), has joined the race of companies interested in the construction of a bitumen terminal in Constanta Port in partnership with Romanian state-run port operator Oil Terminal (OIL.RO), as per a stock market report released on Nov 21.
Taffo, a Baia Mare-based building company owned by three shareholders, reported a turnover of over RON93 million (EUR18.9 million) for 2022, up nearly 45% from RON64.3 million (EUR13 million) reported for 2021, as per calculations by Ziarul Financiar (ZF) daily based on data on finance ministry website.
Footwear retailer Benvenuti, held by local entrepreneur Dan Pavel, had a turnover of over RON122 million (EUR24.6 million) in January-September 2023 and targets a 10-15% increase for the whole 2023 versus 2022.
Online retailer eMAG is launching the fifth online shop-in-shop which is dedicated to games and toys and groups more than 250,000 products from the own offer and that of sellers present on the online commerce platform Marketplace.
Globalworth, the leading office investor in Central and Eastern Europe (CEE), has signed a lease agreement for Globalworth Plaza with LSD Group, a multinational general contracting and fit-out company based in Bucharest that is emerging as a preferred business partner across nine countries in the region.
Dacia generates profit and revenue for Renault Group and it is even more important now that Renault and Nissan renegotiated their partnership within the Alliance.
Personal need loans remain among the most sought-after banking services, with almost 70% of Romanians saying they want this type of loan and over 60% saying they want a simpler and faster application process when accessing financing, as per a tbi bank survey conducted among 1,057 respondents across Romania.
Romanian startups 3D Printing Hub and Peelhy qualified among top five regional solutions of BASF Innovation Hub, pitch competition for sustainable future.
Banca Comerciala Romana (BCR) has launched BCR Seed Starter, a fully owned subsidiary and the first corporate venture capital company (CVC) incorporated by a bank in Romania, aimed at investing in technology startups from January 2024 onwards.
The volume of construction works in Romania increased, in unadjusted data, by 9.3% in September 2023 compared to September 2022 and was up 10.3% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed on Tuesday (Nov 21).
Telekom Romania Mobile, part of Greece’s OTE Group, on Tuesday morning surprisingly confirmed that it was in talks to sell to local entrepreneur Adrian Tomsa, owner of Clever Media Network (CMN).
Plastic packaging maker Romcarbon (ROCE.RO) has signed with the Ministry of Education a financing contract related to the de minimis aid, in the amount of RON50,000, as a partner in the project “Pre-University and University Excellence Centre for Dual – Technical Education Buzau”.
INVL Renewable Energy Fund I, a fund that invests in renewable energy projects and is managed by INVL Asset Management, has signed an agreement with Kommunalkredit Austria AG for a EUR25 million loan.
Turkey’s Jimmy Key, with an over 30-year experience in womenswear, will open its second store of Romania on December 8 in Bucharest’s AFI Cotroceni shopping center developed by AFI Europe.
The Bucharest Stock Exchange (BVB) was the only stock exchange in Europe with a globally significant IPO: Hidroelectrica’s $2 billion offer placed BVB in the 4th place in the global ranking according to the value of an initial public offering registered in the first 3 quarters this year, reads a BVB press release.
Autonom group, founded by brothers Marius and Dan Stefan, has launched a new ride hailing service on Bucharest market, called Blue, in the wake of a EUR5 million total investment.
Moov Leasing, a digital mobility platform founded by Bogdan Speteanu, former CEO of BCR Leasing, and Mircea Dihel, former CEO of Tiriac Leasing, has reached a EUR10 million valuation after founders of International Alexander Holding also entered its shareholding structure.
Romania continues to rank 14th in the EU by the number of new passenger cars registered in January-October 2023, with a volume of 122,104 units, up 15.4% from the year-earlier period, of which 12,88 units were full electric ones and 36,703 hybrid ones, in line with data provided by Romania’s and Europe’s carmaker associations ACAROM and ACEA.
Private healthcare provider MedLife wants to extend by EUR50 million the credit limit of a EUR228 million syndicated loan contracted in December 2022.20647 items