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Poultry producer Oncos Transilvania based in Cluj County has finalized an investment of EUR500,000 in a smart lighting project carried out in partnership with E.ON Energie Romania and implemented in the company’s 45 halls of its farms in the counties of Cluj and Salaj.
Nuclear power producer Nuclearelectrica on Tuesday (March 14) said it was welcoming the adoption of the law approving the signing of the Support Agreement with the Romanian State for the development of the National Strategic Project Units 3 and 4 at the power plant in Cernavoda.
The four-day workweek is coming back to the attention of the players on the labor market, as the largest international experiment in this regard has recently ended and had positive results. Employees in Romania want a four-day workweek, but six in ten companies are reluctant, according to a recent survey conducted by recruitment platform BestJobs.
Dacia Mioveni and Ford Otosan Craiova, the two car plants in Romania, manufactured 87,328 vehicles in January and February 2023, 10% more than 79,282 units produced in the first two months of 2022, as per data from the country's carmakers association ACAROM.
TeraPlast shares have been included by the Vienna Stock Exchange in the ROTX EUR index following the review of its composition. The new structure takes effect starting March 20, 2023.
Confidence in the economy is slowly improving in Central Europe (CE) although risks such as inflation, supply chain issues and the rising costs of energy, materials and labor continue to impact businesses, as per the Deloitte Private Equity (PE) Confidence Survey.
OTP Bank Romania and OTP Bank Plc have sealed a EUR57.8 million loan agreement with Exigent Property Investment for the construction of phase 5 of housing compound Exigent Plaza Residence located in Bucharest’s Militari district.
Romania’s hotel market boasted an accelerated recovery in 2022 and the tendency is set to continue in 2023 as well. Bucharest registered much more intense tourism activity, which reached pre-pandemic levels.
Around 19,000 houses and apartments are likely to be delivered in 2023 in Bucharest and neighboring areas, down by 11% from last year, in line with a market report published by real estate consultancy SVN Romania.
British software company is cementing its foothold in Romania and opening a new office in Craiova, on an around 500-sqm area.
Valcea-based building materials wholesaler and producer Damila, controlled by entrepreneur Remus Daniel Nitu, reached EUR130 million turnover in 2022.
Terapia Cluj, a local pharmaceutical producer held by India’s Sun Pharma, wants to expand its warehousing area and has a EUR3 million budget to this end.
Car parts producer Hella Romania, the local subsidiary of German concern Hella, is investing EUR20 million in the new unit of Ghiroda, Timisoara, an investment due to be tripled for the acquisition of production equipment, states Zoltan Cservid, project leader PLx at Hella Factory Timisoara.
Banks in Romania granted more than RON3.3 billion worth of new loans in lei to companies in January 2023, an increase of 17.9% on December 2022 and on the year-ago month.
Through the seven Pillar II mandatory private pension funds, to which they contribute 3.75% of their gross monthly income, several million Romanian employees have come to own 20% in Transgaz (TGN.RO), the company that operates the country’s natural gas transmission system, ZF has calculated from the latest Pillar II reports.
International freight forwarding and logistics group International Alexander, based in Arad, ended 2022 with a turnover of EUR280 million and expects to maintain it in 2023, according to company officials.
Road freight transport company Sorcani, based in Sibiu, ended 2022 with RON77.5 million (EUR16 million) revenue, an increase from the RON55 million of 2021, its officials said.
The Brasov City Hall has accessed a European project worth over RON25 million (EUR5 million), within the National Recovery and Resilience Plan, targeting the construction of 60 housing units for youths, which will use energy exclusively from renewable sources (photovoltaic panels and heat pumps).
Cigarette wholesaler Punctual Comimpex, based in Cluj-Napoca, estimates this year’s revenue to reach RON1 billion (approximately EUR200 million), an increase of more than 9% on 2022, ZF has calculated from the data the company supplied.
Romania's Finance Ministry raised RON623 million on Monday (March 13) selling bonds maturing in 2027, at an annual average yield of 7.26%.19043 items