Airbag maker GST Safety Textiles Ro, the local subsidiary of Germany’s concern Global Safety Textiles, acquired in 2011 by South Korea’s Hyosung group, currently has 95 jobs avaibale at its Sighisoara plant.
Holde Agri Invest, a Romanian company operating farmland, wants to grow from a 10,000-ha to a 30,000-ha farming area and plans to bolster its warehousing capacities to 40,000 tons, explained Robert Lisenche, an investment manager at the company.
OTP Bank Romania ended 2021 with RON58 million net profit, more than double the net profit of 2020. Operating profit shrank by 24% to RON123 million in 2021 compared with 2020, OTP Bank Romania officials said.
Rompetrol Rafinare (RRC.RO), member company of the KMG International Group (KMGI), will suspend the operational activity of the Petromidia Navodari refinery, between March 11 and April 3, for a scheduled technological turnaround, the company said in a stock market report.
The European Commission (EC) decided on Thursday, March 3, 2022, to introduce the temporary protection for the Ukrainian nationals. During the official press conference following the EC decision, on Friday (March 4), Romanian authorities confirmed that the mechanism will be applicable in Romania for those Ukrainian nationals who decide to remain in our country.
German giant Varta wants to produce batteries for electric cars in Romania and is willing to invest EUR1 billion, Roxana Mînzatu, Secretary of State in the Ministry of European Investments and Projects, said in a Facebook post on Friday.
Lithuania’s car sharing company Spark on Friday announced a partnership with automaker Dacia whereby it will add 100 new fully electric Dacia Spring vehicles to its fleet.
Healthtech startup SanoPass, which developed a platform that connects, digitalizes and integrates all preventive medical care services, has announced a new investment round whereby it seeks to raise EUR3 million, company officials said in a statement on Friday.
Uni Systems, which offers integrated solutions and IT (information technology) services, on Friday said it is providing assistance for relocation and opportunities for remote work for refugees from Ukraine, company officials said in a statement.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has exceeded the 4% threshold on Friday (March 4, 2022) reaching 4.03% a year, the biggest level since May 2013, in line with central bank data.
Packeta Romania, the local subsidiary of Czech-owned Packeta Group, a global digital platform for e-commerce, plans to reach a nationwide network of over 1,000 pick-up points this year, from 500 units at end-2021.
Retail turnover, the main barometer for private consumption, in January 2022 posted a 5.3% increase in gross series against the year-earlier period amid rising sales of car fuel in specialized stores (by 8.2%), non-food items (6%) and foodstuff, beverages and tobacco (3.1%), in line with data from the country’s statistics board INS.
Carrefour Group, active in grocery retail sector, has signed a partnership with Rompetrol Downstream, which operates a network of more than 1,000 filling stations in Romania, to open a number of "test" stores in the gas stations, ZF has found.
Philips Orastie, part of Dutch giant Philips, is currently recruiting 100 people for unskilled worker jobs in assembling/installing parts at its home appliance factory in Hunedoara County, where it makes espresso machines and oral care products, according to the Hunedoara County employment agency (AJOFM).
The local subsidiary of Polish company Kruk has grown from a team of 15 to more than 600 people in 15 years, a development that has gone hand in hand with rising debt levels of consumers and sometimes radical changes in the labor market.
Norofert (NRF.RO), an agri-food conglomerate that covers the entire chain of agricultural production, from vegetable production to the sale and distribution of organic inputs, celebrated on Thursday (March 3) two years since its listing on the AeRO market of the Bucharest Stock Exchange.