Found 19015 news
The members of the Association of Romanian Brewers re-elected Dan Robinson, Managing Director of Heineken Romania, to the position of President, starting with January 2023.
Romania's trade balance posted a deficit of EUR34.09 billion in 2022, higher by EUR10.4 billion (+44%) compared with 2021, data from the country's statistics board INS showed on Thursday (February 9).
More than half (56%) of Romania managers and entrepreneurs have hiked the sums earmarked for investments in 2023 against 2022, while 27% of them have kept them unchanged, reveals ASEBUSS Investment Index survey, a quarterly research trying to convey a clear image of Romania company investment climate.
One United Properties (ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, has obtained the construction license for One Lake District, a large-scale 2,076-apartment sustainable housing development located on the banks of Bucharest’s Plumbuita lake.
Online bookstore Libris.ro in 2022 saw turnover inch up to RON68 million, from RON65 million in 2021.
Beltrame, the group that owns Donalam Calarasi and several operations in Targoviste, plans to triple production capacities at Targoviste plant this year, to 300,000 tons per annum.
The Bucharest Stock Exchange, where companies with RON230 billion total capitalization are traded, namely around 16% of Romania’s GDP, in 2022 hit a record high number of investors.
Construction material manufacturer Soceram (Campina) plans to build a new plant in Doicesti, Dambovita County, where it already has a production facility, in order to relocate the operation.
East Group (Cluj County), controlled by several entrepreneurs from Romania and Hungary, ended 2022 with consolidated revenue of RON1.063 billion (EUR215.7 million). Grain trader East Grain, the largest company of the East Group, posted more than RON714.2 million (EUR144.8 million) revenue last year, the company said.
Biodegradable paper packaging manufacturer Exonia, a business controlled by entrepreneur Tiberiu Stoian, ended last year with RON31.1 million revenue, up 29% on the previous year, and EBITDA of RON10.1 million, 75% higher than in 2021.
Automotive components manufacturer Optibelt Power Transmission in Tautii-Magheraus, Maramures County, the local subsidiary of the German group Arntz Optibelt, estimates about RON448.2 million (about EUR91 million) revenue for 2023, an increase of more than 22% on the almost RON336.4 million (EUR74.3 million) of last year.
High-Tech Systems & Software (htss), a provider of business software services, is aiming for EUR40 million revenue this year, which would mean an increase of around 25% compared with last year, the company said in a press release.
Winemaker Purcari (WINE.RO) announced on the Bucharest Stock Exchange that Firebird funds reported a holding of over 5%, or 2 million shares, as of February 3, 2023.
PORR Construct, part of the Austrian group of the same name, has budgeted investments of more than EUR10 million in the Romanian market for 2023.
Romanian company Incrys (the former Crys Computers), specialized in providing consulting, testing and software development services, on Wednesday announced the acquisition of Cluj-based IT services company USOURCE, the representatives of the two companies said in a statement.
Romania’s video game developer Amber Studio, opened almost a decade ago in Bucharest and with offices worldwide, announces the appointment of Andrea Enache as Chief Revenue Officer and Vlad Popovici as Chief Marketing Officer.
The two Fashion House outlet centers in Bucharest’s Militari and Pallady areas had total sales of over EUR40 million in 2022, seeing increases of 34% and 19%, respectively, as per data provided by the company to Ziarul Financiar daily.
Agra's Alba Iulia, a company owned by Romania's leading canned food company Scandia Food, has completed the acquisition of the cold cuts producer Carniprod Tulcea. The main shareholder of Carniprod Tulcea was entrepreneur Nicolae Ciuleac.
First Bank announces the appointment of Razvan Filcescu to the position of Vice-President responsible for coordinating all business activities.
Romania’s Financial Supervisory Authority (ASF) has approved the acquisition plan of European Bank for Reconstruction and Development (EBRD), which will get an indirect qualifying holding in Euroins, the authority said.19015 items