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.
Tehmag group has started procedures for an investment put at EUR2 million in a Bielda industrial machinery assembly line in northern Bucharest and this year wants to operate the first exports to Hungary and Poland, explained Mihai Nica, co-founder of Tehmag.
Rodbun group, set up two decades ago by Daniel Muntean and Alexandru Iancu, is considering listing on the Bucharest Stock Exchange to fund its future investment projects, including the construction of a peas protein factory.
Gucci boutique of Bucharest has been shut down “in glory” after turnover neared RON21 million in 2021, slightly up from RON20.7 million in 2020. This is the best result since opening.
KeysFin analysts expect food retail sales in Romania to exceed the RON142 billion threshold in 2021, due to increased demand and to elevated inflationary pressures.
African Industries Group (AIG) has acquired control of fitness center network World Class Romania via Vectr Fitness, which means Poland’s Resource Partners exited the business.
Romania's nuclear power producer Nuclearelectrica (SNN.RO) launches the corporate social responsibility (CSR) platform “Nucleus of care”, which follows the strategic directions and the company’s vision to build a sustainable future for the next generation by producing clean energy at excellent standards and through the socio-economic impact it has in Romania.
The shareholders of Romanian energy supply and distribution company Electrica Group (EL.RO) approved at their ordinary general meeting on April 20 the distribution of dividends in the amount of RON152.8 million for the financial year 2021, in line with a stock market report.
The European Bank for Reconstruction and Development (EBRD) announced that it was continuing its partnership with Startup Wise Guys (SWG), one of the leading startup accelerators in Europe, with the launch of a new programme named “Fintech 5”.
Austrian property developer Immofinanz reported revenues of EUR48.8 million at the end of financial year 2021 from renting its office and retail properties in Romania.
Integrated mobility services provider Autonom Services, held by brothers Marius and Dan Stefan, on Thursday said it ended 2021 with consolidated revenue of RON394.3 million, up 20.6% versus 2020 and up 16% from 2019, a benchmark year for the company before the pandemic.
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, surged to 4.73% a year on Thursday (April 21) from 4.71% a year on Wednesday (April 20), as per central bank data.
The volume of Romanian construction works increased, in unadjusted data, by 8.4%, in January-February 2022 as compared to the same period of 2021, and by 5.9% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed Thursday.
French-Belgian startup iBanFirst, operating an online platform allowing companies to carry out rapid transactions in over 30 foreign currencies, wants to reach a portfolio of 600 clients domestically, triple the current one.
ICD Real Estate Development, a developer controlled by Nicusor Popescu and Daniel Chitafes, bought 17,000 square meters from IMGB platform to the end of developing a housing project.
Rodbun group, established two decades ago by Daniel Muntean and Alexandru Iancu, plans to shift from primary production and agricultural input trading to processing. Thus, on the medium term it plans to invest in a peas processing unit, according to its representatives.