Four-star hotel Nyota Hotel & Conference Center of Mamaia seaside resort started procedures to bring employees from Bangladesh to cover the workforce shortage in the cleaning area, as part of moves made for the planned opening during the Easter holidays period.
Timisoara-based fuel wholesaler Artoil, held by Alexandra and Alex Bunceanu, estimates EUR200 million revenue for 2022, up 38% compared with last year, ZF has calculated from the data the company supplied.
The Board of Directors of Romanian industrial group and leading manufacturer of biodegradable and compostable packaging in Central and Eastern Europe Promateris (PPL.RO) has approved a capital increase of up to RON125 million, a report to the Bucharest Stock Exchange says.
Romanian Cluj-based startup Stailer.ro, an online booking platform for beauty salons, has attracted a new bridge investment round worth EUR1 million from a group of angel investors, company representatives said in a statement.
Romania’s Finance Ministry reopened a bond issue due in February 2023 and raised RON683 million from banks on Monday (March 14), higher by RON183 million than the targeted level of RON500 million, at a yearly yield of 6.53%.
Simtel Team (SMTL.RO), a Romanian engineering and technology company, said in a stock market report on Monday that it signed a framework contract with industrial and logistics space developer CTP Romania for the construction and installation of some 30,000 photovoltaic panels on multiple buildings within the CTPark Bucharest West industrial park.
Romania’s Competition Council is looking into the transaction whereby lender Banca Transilvania had signed an agreement with Tiriac Group in January 2022 to acquire Tiriac Leasing.
The Bucharest Stock Exchange on Monday said it would start trading the 2B Intelligent Soft shares on the AeRO market, the equity segment of the Multilateral Trading System, on Wednesday (March 16).
Omniasig, the biggest company Austria’s Vienna Insurance Group (VIG) owns in Romania, on Monday said it ended 2021 with a volume of underwritten gross premiums of over RON1.6 billion, higher by 15% than in 2020, in line with data from company representatives.
Chemical producer Chimcomplex Borzesti (CHOB.RO), which owns the Oltchim and Borzesti platforms, said in a stock market report on Monday that it is forced to enter a major restructuring program in an attempt to cope with the soaring energy prices, considering that it is one of the biggest natural gas consumers.
Law firm PeliPartners has assisted Anchor Grup, the owner of shopping centers Bucuresti Mall and Plaza Romania, in contracting a loan of EUR80 million from lender Banca Transilvania, necessary to fund Anchor Grup’s retail and office operations in Romania.
Transilvania Investments, which has been listed on the Bucharest Stock Exchange for over 20 years, on Monday (March 14) had its first trading session under the new symbol, TRANSI, following a rebrand by the company.
Turkey-based Ford Otosan, the largest commercial vehicle manufacturer in Europe, will take ownership of U.S. Ford’s assembly plant and production activity in Craiova, southern Romania, a process conditioned by approvals from the relevant authorities.
Alliance Healthcare, formerly known as Farmexpert, the third largest medicine distributor on the local market, saw its turnover growing by 8-10% in 2021 compared with 2020, exceeding the RON4 billion threshold, in line with the company’s data.
Romania's trade balance posted a deficit of EUR2.12 billion in January 2022, higher by EUR944.9 million compared with January 2021, data from the country's statistics board INS showed Monday.
Technical plastics solutions developer Reinert Kunststoffetechnik, acquired in late 2019 by Germany’s CCBA Verwaltungs, has budgeted EUR5 million investments for 2022 to expand the plastics plant of Eurobusiness Oradea industrial park, where it has operated since 2015.