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Polish discounter Pepco has leased 50,000 square meters of logistic spaces in CTP Bucharest West. The warehouse will be operated by Kuehne + Nagel Romania, a major player on Romania’s transport and logistics market, according to market sources.
Consumer goods distribution company Interbrands Orbico will in 2022 overshoot the EUR1 billion mark in terms of revenues, thus joining the euro billionaires club, after a 20% increase against 2021.
The European Bank for Reconstruction and Development (EBRD) is exploring a RON240 million loan for Distributie Energie Electrica Romania (DEER) company, part of Electrica group.
Cargus, a major player in the local courier market, has signed with CTP, the largest listed developer and manager of industrial and logistics space in Continental Europe, a lease for 3,400 square meters of logistics space in the CTPark Oradea Cargo Terminal project, the only industrial park in Romania with an air cargo terminal.
Suceava-based paving manufacturer Symmetrica, owned by the Stanciu family, has bought a paving factory in Doaga, near Marasesti, Vrancea County, from Somaco, a building materials manufacturer that is part of the Holcim group.
Orange Group Romania ended the first nine months of 2022 with consolidated revenue of EUR1.168 billion, down 1.5% compared with the same period in 2021, as a result of higher equipment sales and lower service revenue, it said on Tuesday.
The Romanian video game development industry closed 2021 with $312 million revenue an increase of 20% on 2020, more than double the 2016 figure, an annual survey by the Romanian Video Game Developers Association (RGDA) shows.
Dedeman, the most powerful entrepreneurial business in Romania, controlled by brothers Adrian and Dragos Paval, at the end of last week opened a store in Brasov in a EUR19 million investment, with this being the first launch in 2022.
Private lending in Romania in September went up by 16% from September 2021, to a total volume of RON364.7 billion, after local currency lending rose by 14.3% and foreign currency lending, expressed in lei, increased by 20%, in line with central bank data.
Financial analysts part of CFA Romania expect the leu to depreciate to an average exchange rate of 5.0797 unit to the euro in the next 12 months, while the forecast inflation rate will hit an average value of 9.59%.
Astra Vagoane Calatori, a major player on Romania’s rolling stock market, controlled by entrepreneur Valer Blidar, now has 93 jobs available at its Arad plant.
Management solutions and BPO services provider Sykes Enterprises Eastern Europe, part of US group Sykes, is currently seeking to hire 66 people at its Cluj-Napoca office.
Focsani-based packaging producer Electric, owned by Buzaianu family, will end 2022 with EUR12 million turnover, from EUR9 million last year, after having expanded its production capacity, according to the company’s officials.
The local subsidiary of French group Decathlon, Romania’s leading sporting equipment market, plans to make investments to develop its online presence, inclusively by expanding the warehousing area dedicated to deliveries of online orders.
Prada last week opened a second plant in Sibiu, while Moncler is building its second production unit in Bacau.
A new five-star hotel is planned to be built on a lot right near the Sheraton in Bucharest and is now awaiting the necessary permits, says Daniel Ben-Yehuda, who runs the five-star Sheraton and the Parc Hotels complex, which includes the four-star Ramada Parc and Ramada Plaza in the north of the city.
Timisoara-based fuel wholesaler Artoil, held by Alexandra and Alex Bunceanu, posted about EUR110 million revenue in the first half, an increase of almost 62% on the year-ago period, ZF has calculated from the data the company supplied.
Revolut Business, the financial app developed for the business client segment, and Sodexo Benefits & Rewards Services Romania, the leader of the local extra salary benefits market, are developing a strategic partnership through which companies will benefit from personalized financial services and extra salary benefits.
Romania's finance ministry on Monday (Oct 24) reopened a bond issue due in September 2032 and borrowed RON428.5 million from banks, at an annual average yield of 9.7%.
EuPlatesc.ro, one of the largest payment processors in Romania, partner with nine banks on the local market, announces the integration of the Apple Pay payment service into its own platform to simplify the payment process in online stores, which is a first on the local market of online payment solutions.19043 items