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Schaeffler Romania, the local subsidiary of Germany’s Schaeffler Group, posted revenue of RON2.6 billion (EUR528.5 million in 2021, as well as net profit of RON96.7 million (EUR19.7 million) and had more than 5,000 employees last year, the company said in a press release.
Tech startup Voxa, the first Romanian streaming platform for audiobooks and e-books, targets a new funding round of EUR1 million for 2022.
Airline Blue Air on Wednesday said it would launch 11 new routes in the summer of 2022 and it would also open a new base in Iasi (north-eastern Romania).
Fondul Proprietatea (FP.RO), a 20% shareholder in electricity producer Hidroelectrica, seeks to get RON1 billion (EUR200 million) in special dividends from the state-owned company's retained earnings, a move that has been common practice for the fund in recent years and one to which the Energy Ministry has agreed.
Romanian electricity supplier Electrica Furnizare, part of state-owned utility group Electrica (EL.RO), is carrying out for glass processing company Cristal Brad Service the turnkey construction project of a photovoltaic power plant, which will have an average annual energy production of 401.70 MWh.
Vlad Stanescu takes over as the position of Chief Executive Officer (CEO) of Blugento, a company based in Cluj-Napoca and specialized in providing e-commerce solutions.
British American Tobacco (BAT), the largest player on the Romanian tobacco market, with a market share of over 50%, on Wednesday said it contributed almost RON11 billion (EUR2.2 billion) in excise and taxes to the Romanian state budget in 2021, up over 10% versus 2020.
Liberty Galati, formerly Sidex, produced a record amount of steel products in Galati in 2021, company representatives announced.
TotalSoft, one of the most important software producers on the Romanian market, ended 2021 with a turnover of nearly EUR25 million, up over 10% from 2020, company officials said in a statement.
Rating agency Moody’s Investors Service upgraded by one notch, to A2 from A3, the rating assigned to the mortgage covered bonds issued by lender Alpha Bank Romania.
Romania's current account balance posted a deficit of EUR2.25 billion in January-February 2022, higher by 60% than EUR1.4 billion reported in the same period in 2021, central bank data showed on Wednesday (April 13).
OX2 AB, a Swedish renewable energy company that develops, finance, and manages large-scale solar and wind projects, established an office in Romania in 2021 and is now developing a portfolio of wind power projects of 500 MW in Romania.
French construction material manufacturer Saint-Gobain Group will be relocating its offices in capital Bucharest to the One Tower office building developed by One United Properties in the capital city's Floreasca area.
Business solutions developer BITSoftware on Wednesday said the total sales volume grew to EUR3.2 million at the end of fiscal year 2021.
Romania’s industrial production increased by 3.9% in unadjusted data In February 2022 compared to January 2022 and was down 1.0% when adjusted for seasonality and number of working days, data from the country’s statistics board INS showed Wednesday.
Romania’s health insurance market reached RON497 million gross written premiums at the end of 2021, an increase of 10% on 2020.
Romania's finance ministry raised EUR259.5 million on Tuesday (April 12) selling bonds maturing in 2025, at an annual average yield of 1.94%.
Artsani Com, the company through which the business of the two Artsani DIY stores in Prahova, owned by entrepreneurs George Tapu and Oleg Tataru, is operated, has returned to growth and posted RON173 million sales in 2021, up 5% from the previous year, data available on the Finance Ministry website show.
OTP Asset Management Romania has launched OTP Innovation Fund, the first fund in Romania that offers the possibility to invest, internationally, in companies that allocate a significant share of their revenues for Research & Development (R&D).
Romania's finance ministry on Monday (April 11) raised RON351 million, below the planned target of RON600 million, selling bonds maturing in 2026 and 2030, at annual average yields of 6.38% and 6.61%, respectively.19029 items