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Softbinator Technologies (CODE.RO), a Romanian software developer specializing in designing, developing and launching innovative products, on Thursday announced the start of procedures to fully acquire Digital Tailors, a company specialized in product marketing services.
Chemical producer Chimcomplex on Thursday said it would increase the salaries of its employees starting with June 2022.
Financial analysts expect the Romanian leu will depreciate to an average of 5.0584 units to the euro in the next 12 months, while inflation is seen averaging 8.43% during the same period, a monthly poll by CFA Romania showed Thursday (May 26).
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, advanced to 5.93% a year on Thursday (May 26) from 5.90% on Wednesday (May 25), as per central bank data.
eMAG, the biggest online retailer locally, in 2021 registered RON5.682 billion turnover in Romania, according to Tudor Manea, the company’s CEO.
Courier services company Nemo Express Logistic, part of group Nemo Express, in 2021 hit RON137.9 million turnover, pointing to revenues shifting back to the 2019 level, of RON137 million.
Germany’s B. Braun, active in Romania’s health sector for over 20 years, ended 2021 with total turnover worth RON518 million, 15% higher than in 2020, in line with ZF calculations based on public data for the six companies part of the group.
PGS Sofa & Co, controlled by Parisot family of France, for 2021 reported turnover worth RON348.7 million (EUR70.9 million), up 24% from the previous year, in line with ZF calculations based on Finance Ministry data.
Expanded polystyrene (EPS) manufacturer Hirsch Porozell, the local subsidiary of Austria’s Hirsch Servo AG, last year topped RON200 million in turnover, after a 52% increase from the 2020 figure, in line with ZF calculations based on Finance Ministry data.
The over 370 coffee shop-network 5 to go is likely to expand next year with a warehouse covering the needs of the coffee and associated products import and distribution arm.
Zeelandia Romania, the local subsidiary of the Dutch group by the same name, which makes bakery, pastry and confectionery ingredients, ended 2021 with RON62 million revenue 32% higher than in 2020, which means last year was the best in the more than two-decade history of the company in Romania.
Geological survey company Prospectiuni Bucuresti (PRSN.RO), controlled by businessman Ovidiu Tender, posted RON28.5 million revenue in the first three months of the year, an increase of 92% from the RON14.8 million in the year-ago period, the financial report published on the Bucharest Stock Exchange shows.
Romania’s general consolidated budget posted RON16.33 billion deficit in the first four months of 2022, lower than the RON20.70 billion level reported in the year-ago period, in line with finance ministry data released on Wednesday (May 25).
Romanian startup firm Machinations.io, which developed a browser-based platform to design and predict game economies & systems for premium, free2play, and play2earn games, has raised $3.3 million in Series A funding.
Simplify, the business ecosystem for online stores, said on Wednesday (May 25) that it expanded its logistics operations with a new 1,500-square meter e-fulfilment center in Cluj-Napoca (north-western Romania).
The European Commission (EC) has approved a Romanian scheme worth EUR100 million to support the regeneration of damaged forests and the scheme will be funded through the Recovery and Resilience Facility (RRF).
The data center built near Craiova (southern Romania) by Cluster Power with the help of Tema Energy’s engineering team has officially achieved the Tier III Design certification from the US Uptime Institute.
The global Great Resignation phenomenon will continue next year with even more pressure on wage growth. In Romania, 40% of employees plan to ask for a pay raise over the next year and 16% want to change employers, according to the results for Romania of the PwC Workforce Hopes and Fears global survey released on May 24.
An International Monetary Fund (IMF) team headed by Jan Kees Martijn, the IMF mission chief for Romania, will visit Bucharest between May 30 and June 10 to undertake the periodic review of Romania's economy, known as the Article IV consultation, as per an announcement by Nadeem Ilahi, IMF Senior Regional Representative for Central, Eastern and South-Eastern Europe.
NEPI Residential, the residential division of NEPI Rockcastle, on Wednesday said it sold 35% of the apartments of the Vulcan Residence complex, only seven months from the start of construction works.19043 items