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Romanian pharmaceutical manufacturer Antibiotice Iasi is opening a new plant, in the wake of a EUR20 million investment, with a 50% higher production capacity than the existing unit.
La Placinte restaurant chain now has four own restaurants in Bucharest and a franchise in Iasi after the company has in recent years reshuffled its Romanian network, which had reached 12 units at its best moment. The company’s officials say they plan no further shutdowns, eyeing a period of already existing business stabilization.
Industries Yield, part of Italy’s Moncler, currently has 327 jobs available for the plants it owns in Bacau county.
Euroins Romania, leader of the local third-party motor vehicle insurance (RCA) market, is going ahead with another RON100 million capital raise planned for the company’s development and the strategy is further focused on the non-RCA area, Kiril Boshov, CEO of Euroins Insurance Group (EIG), the Bulgarian group Euroins Romania is part of, told ZF.
Turda-based precast concrete product maker ASA CONS, the builder of the MDF plant of Oarja (near Pitesti) - a EUR150 million project of Turkey’s Yildiz Entegre-, estimates a total turnover of almost EUR31 million for 2022.
Romanian start-up Nestor, which developed a “people intelligence” platform, has reached total investments of almost EUR2.2 million after announcing recently that it attracted an investment of EUR2 million from Eleven Ventures (lead investor), Underline Ventures and several business angels from San Francisco.
Geological prospecting company Prospectiuni Bucuresti (PRSN.RO) has announced in a stock market report on Dec 8 the conclusion of a contract for the provision of 2D and 3D seismic prospecting services.
Romania's finance ministry raised RON779 million on Thursday (Dec 8) through two government bond issues, at annual average yields of 7.8% and 6.99%.
IULIUS Group has opened the second Family Market project, in the Bucium neighborhood in the city of Iasi.
The integration of the company Tiriac Leasing into Banca Transilvania (BT) Financial Group will be completed on Thursday (Dec 15) and BT Leasing -Tiriac Leasing will become a single company under the name of BT Leasing.
Accor hotel group is expanding its portfolio by signing a new franchise contract for a hotel which will operate under the Mercure brand in Bacau.
FAN Courier, the leader of the courier services market in Romania, expects to end 2022 with a turnover of over RON1.1 billion, up 10% from the level recorded in 2021, amid a year full of challenges and uncertainty with direct impact on the company’s turnover.
The average net salaries for the most sought-after jobs in the banking sector increased by 4% to 46% between 2018 and 2022, in line with data from Undelucram.ro, an online community of employees in Romania.
Real estate investors and developers active in Romania plan to expand their local portfolios over the next three years despite pressures stemming from various factors such as inflation, increasing financing costs, the geopolitical situation and also increasing construction costs, according to the first edition of the Cushman & Wakefield Echinox’s “Real Estate Investors Sentiment Barometer”.
Euroest Car, a Romanian company specializing in car part import and distribution, has leased 9,500 square meters in industrial park CTPark Chitila, developed by CTP in north-western Bucharest.
The Romanian state-owned railway company CFR SA sealed 45 contracts totally worth RON700 million, VAT not included, for the execution of some works of the Quick Wins type with a view of lifting speed restrictions on routes Apahida-Baia Mare, Razboieni-Episcopia Bihor and Arad-Oradea, which should allow for trains to run at maximum speeds of 120 km/h.
Simtel Team, a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange, has contracted a EUR5 million (RON25 million) loan from ING Bank Romania for the purchase of photovoltaic panels and inverters to counter potential delays and price hikes for these items.
Romanian shipyard Santierul Naval Orsova has informed its shareholders it sealed a EUR1.55 million contract with Romanian company Black Sea Offshore Centre of Constanta for the delivery of a river ship.
The local subsidiary of Belgium’s Reynaers Aluminium plans to expand its showroom network in 2023 and reach a total of 7, after opening in Brasov, Constanta and Chisinau, explained Daniel Popa, country manager at Reynaers Aluminium Romania.
Builder CON-A, owned by entrepreneur Mircea Bulboaca, has finalized an investment of RON211 million (around EUR43 million) envisaging the modernization of Sibiu municipal stadium.19015 items