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Caru’ cu Bere restaurant in Bucharest saw record high sales of more than EUR10 million in 2022.
Technical plastics solutions developer Reinert Kunststofftechnik, acquired by Germany’s CCBA Verwaltungs at the end of 2019, forecasts a 2023 turnover of over EUR30 million for its Romanian plant located in Oradea, flat from 2022, in line with company data.
Viva Toys, a company specialized in importing and distributing countrywide toys, games and children’s items, has acquired from door and window manufacturer Aplast, held by private equity fund EMSA Capital, a property located in the 1 Decembrie commune from Ilfov County.
Aluminum smelter Alro Slatina (ALR.RO) has budgeted $783 million (RON3.6 billion) revenue for 2023, an increase of 15.5% on 2022, $82 million (RON374.8 million) EBITDA, down 51.2%, pre-tax profit of $18 million (RON82.3 million), 79% lower and $15 million (RON68.6 million) net profit, 79% lower again, ZF has calculated from the company’s budget and the leu/dollar exchange rate.
Stephane Batoux, an executive with more than 20 years of experience in the fast-moving consumer goods (FMCG) industry, has been appointed to the position of Global CEO of confectionery manufacturer ETi.
A Deals transaction was recorded by the Bucharest Stock Exchange on Tuesday at 3:46 p.m., which involved six million shares of Fondul Proprietatea (FP.RO) worth RON12.72 million.
Agroserv Mariuta (MILK.RO), a Romanian agricultural company and owner of the Laptaria cu Caimac brand, reported sales of RON72.9 million for 2022, up 7% from 2021, and a net loss of RON1.9 million from a net profit of RON1.8 million in the same period of 2021, amid challenges brought by rising energy and fuel prices and rampant inflation.
Elian Solutions, part of Bittnet Group, a provider of ERP business solutions, saw a 74% surge in its 2022 turnover, up to RON11.9 million, as compared to RON6.85 million in 2021.
Romania’s general consolidated budget posted a deficit of RON17.04 billion in January-February 2023, or 1.07% of gross domestic product (GDP), according to the finance ministry.
After reaching a record high of 96.78% in 2020, the import dependency for the entire family of crude oil and petroleum products declined to 91.67% in 2021, according to a Eurostat report.
Electrica has completed the acquisition of the project company Sunwind Energy SRL which develops the photovoltaic project company “Satu Mare 2”, with a projected installed capacity of 27.055 MW.
The majority of family-owned businesses in Romania (82%) increased their sales in the last financial year, higher than 55% in 2021, a year still affected by the pandemic, and above the 71% recorded globally, according to PwC’s Global Family Business Survey.
Bento-Intelectually Curious, a Romanian entrepreneurial company specializing in the development and implementation of software solutions and the provision of IT infrastructure and Cloud services, aims for operating revenues worth RON46.7 million in 2023, up 32% from 2022, and net profit worth RON9.3 million, up 65% year-on-year.
SIF Oltenia wants to sell the 29.27% stake it holds in Turism Felix Baile Felix (TUFE) company, at a minimum price of RON44.5 million.
Candidates’ interest in remote jobs stayed high in the first three months of 2023, while the number of applications for jobs abroad registered a significant decline, reveals an analysis by eJobs.ro, the biggest online recruitment platform in Romania.
Romanian business managers predict soaring prices in retail and constructions, but also in industry and services, during March-May 2023 period, in parallel with moderate activity growth in the processing industry and services, in line with a survey by the country’s statistical board INS.
Sofidel Romania, the producer of hygienic sanitary paper brands such as Onda, Volare and Regina, for 2022 reported turnover worth RON349.7 million (EUR70.9 million), up 30% from 2021, and switched back to profit, with net gains of RON10.2 million (EUR2 million), from net losses of RON9.1 million (around EUR1.8 million) in 2021.
Baupartner Construct, part of Baupartner group controlled by Michael Dietrich, is the general entrepreneur in charge with building Promenada Mall of Craiova, the biggest mall in Romania in the past seven years.
Furniture and home products retailer JYSK continues its expansion plans in Romania and opens a new store in Campulung Muscel on Thursday, March 30, bringing its network to 131 stores in the country. The new JYSK store in Campulung Muscel has a total area of 1,400 square meters.
Romania's Finance Ministry raised RON556 million from banks on Monday (March 27) selling bonds maturing in 2027, at an annual average yield of 7.15%.19043 items