Lithuania’s Apex Alliance group, controlled by several Lithuanian entrepreneurs, owning five hotels in Romania, posted 20-25% higher turnover in February and March along the entire chain from the same period of last year, according to the company’s officials.
This year’s leader in the ranking of most valuable Romanian brands is eMAG, valued at EUR1.02 billion, an increase of 29%. It beat Dacia for the first time, which dropped 28% to EUR815 million, shows the latest report of Brand Finance, a global independent brand valuation and strategy firm.
UiPath, the most valuable startup to come from Romania, which has been on the New York Stock Exchange for more than a year, on Wednesday afternoon announced the appointment of Robert Enslin as co-CEO starting May 16.
Romania’s general consolidated budget increased by 7% to RON15.7 billion in the first three months of 2022 compared with the year-ago period, the Finance Ministry announced on Wednesday.
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, rose to 4.79% a year on Wednesday (April 27) from 4.76% on Tuesday (April 26), central bank data show.
Private lending in March expanded by 15.7% from the year-earlier period, to RON336.1 billion, after local currency lending increased by 20% and foreign currency lending by 5.6% when expressed in lei, central bank data showed on Wednesday.
Switzerland’s Artemis, which owns five industrial parks near Timisoara, is set to deliver in May the third building it developed in Sanandrei Industrial Park.
Petre Niculae plans to develop the biggest housing project in the proximity of Bucharest’s Lacul Morii, a project Crosspoint consultants put at EUR500 million.
Romania’s private healthcare market has been among the most dynamic fields in the past two pandemic years, but inflationary pressures are building and estimates point to a single-digit increase this year.
Makita EU, a Japanese electrical tools producer, P3 Logistic Parks (P3), a logistics investor, and Bacau-based window maker Barrier have already built hundreds of housing units for employees.
TeraPlast Group (TRP.RO) posted RON6.8 million net profit in the first quarter of 2022, compared with RON200.6 million in the first quarter last year, while revenue from its contracts with customers went up 58% to RON170.6 million, the group’s quarterly report published on the Bucharest Stock Exchange on Tuesday shows.
Romanian software development company mindit.io expanded with a new office in Switzerland earlier this year and plans to recruit 10 people for the new office by the end of this year, the company officials said in a release.
Orange, the leader of the telecom market in Romania posted consolidated revenue (for Orange Romania, Orange Romania Communications and Orange Money) of EUR384 million in the first quarter, the group said in a release.
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, rose to 4.76% a year on Tuesday (April 26), from 4.73% a year on Thursday (April 21), central bank data show.
Medical operator Medima Health, specialized in medical imaging and radiology, ended 2021 with turnover worth almost RON14 million, significantly higher than the almost RON3 million generated in 2020.
LPP group, active in the mass market fashion field, in 2021 generated turnover of around EUR190 million in Romania, 83% higher than in 2020, in line with ZF calculations based on the company’s financial reports.
Adrian Apostu, founder of Dino Parc Rasnov, the largest dinosaur themed park in south-eastern Europe, says 2021 was the best year for the park since its opening, with a record high number of visitors, of around 494,000.
Wine maker Cramele Recas, a major player on Romania’s market, is considering broadening national coverage by opening regional warehouses besides the existing ones.