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With an annual production of 60,000 tons, Romania is the largest producer of walnuts in Europe, ahead of Greece, France and Spain, Eurostat data show. Some of the production is exported, so the leading edible fruit exporters include three businesses that grow or sell walnuts.
Romania's land market remained active in 2022, maintaining trends seen in the past couple of years which marked the best levels since 2007, but dropped by around 45% in volume of deals closed, reaching almost EUR450 million, as per the 2022 Annual Report released by Colliers.
Luxury jewelry chain Teilor, which owns 65 physical stores in Romania and in countries across the region, plus online operations, has appointed Anda Jurca to the position of commercial & product director.
Electrical equipment distributor Promelek XXI in Cluj-Napoca, part of the Spanish group Elektra, posted about RON200 million (EUR40.5 million) revenue in 2022, up 33% from the RON150 million (EUR30.5 million) of 2021.
Agricover, a significant player in the Romanian agribusiness sector, has appointed Bogdan Dimcea to the position of Chief Executive Officer (CEO) of Agricover Distribution SA.
The European Commission has approved, under EU State aid rules, a Romanian scheme worth EUR259 million, within the Recovery and Resilience Facility (RRF), which is geared towards supporting investments in the production, assembly and recycling of batteries, of photovoltaic cells and panels.
Nuclearelectrica (SNN.RO), the only nuclear power producer in Romania, has extended the mandate of Dan Niculaie-Faranga as interim Chief Financial Officer (CFO) of the company for another four months.
Orange, leader of the Romanian telecom market, on Thursday (Feb 16) said it registered a turnover of EUR1.57 billion in 2022, down 2.6% compared to 2021.
Binance cryptocurrency exchange platform plans to increase the number of employees at its technology hub in Iasi, opened in September 2022.
On the occasion of the 10th edition of the now traditional event in the Romanian capital market the Bucharest Stock Exchange has granted today 17 awards to listed companies, brokerage companies, as well as to private pension and investment funds for their achievements in 2022.
Romania must implement the European Fair Minimum Wage by 2024. The provisions of the European Directive and its impact on Romanians are included in an analysis by Claudia Sofianu, Partner, Income Tax and Social Contributions leader, and Dan Raut, Manager, Income Tax and Social Contributions, EY Romania
Clifford Chance Badea advised the bank syndicate including Banca Comerciala Romana S.A. and Erste Group Bank AG in connection with the financing of the acquisition by Austrian group Enery Power Holding of the renewable energy portfolio held by the Canadian company Jade Power Trust.
Fourteen European exchange groups, present in twenty-six Member States of the EU, have today announced a joint initiative to participate in the future selection process for the provision of a consolidated tape (CT) for equities in the European Union.
Salary, opportunities for professional growth and the possibility to work remotely are the most important employment criteria of Generation Z, as per the latest survey by online recruitment platform eJobs.
DN Agrar, a Dutch-held group of firms operating in the fields of animal husbandry, farm production, farming services, logistics, transportation, tourism and advisory services, has bought 800 Holstein cows to boost the capacity of Apold farm of Alba county.
Car parts producer Hella Romania, the local subsidiary of German concern Hella, has reached 5,300 employees and intends to create another “several hundred jobs” this year.
Grain trader COFCO International (former Nidera) ended 2021 with RON5.53 billion turnover (around EUR1.1 billion), up 34.5% from the previous year.
The Board of Directors of Aro-Palace (ARO.RO) has called an Extraordinary General Meeting of Shareholders for March 20, to vote on putting up for sale Coroana-Postavarul Hotel at a minimum price of EUR8.4 milion and authorizing the board to conduct negotiations.
Technical plastics solutions developer Reinert Kunststofftechnik, acquired at the end of 2019 by Germany’s CCBA Verwaltungs, posted more than EUR30 million revenue in 2022, up 25% on the previous year, according to ZF calculations based on data submitted by the company and on the Ministry of Finance website.
M247 Europe, one of the leading providers of hosting, connectivity and data management solutions in Romania, is increasing its infrastructure investment to EUR9 million amid higher demand, the company said.19015 items