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Romanian fintech FLOWX.AI on Tuesday announced it entered a technological partnership with robotic process automation startup UiPath which will enable the development of customer and employee experiences at unprecedented speed.
Law firm Filip & Company has assisted Tiriac Imobiliare in the sale of a plot of land of 14.5 hectares in the locality of Dumbravita (Timis County) to do-it-yourself (DIY) retailer Dedeman.
Arctic Stream (AST.RO), a Romanian-held company, an integrator of IT infrastructure and security in Romania, is summoning its shareholders on April 27 to approve the distribution of a gross dividend of RON0.8 per share, respectively the payout of dividends worth a total RON3.35 million from its 2021 net profit of RON4.37 million.
Mihaela-Simona Nadasan, Deputy CEO at lender Banca Transilvania (TLV.RO), on Monday (March 28) sold 175,000 shares of the bank, at an average price of RON2.47 per share, with the total value of deals carrying out on the Bucharest Stock Exchange reached RON433,650, as per calculations by Ziarul Financiar (ZF) daily based on a stock market report.
The Bucharest Stock Exchange published on Tuesday (March 29) the volume “Made in Romania: 15 companies for the growth of the Romanian economy and their success stories” and kicks off the fifth edition of Made in Romania.
Prime Kapital, a real estate developer and investor active in Central and Eastern Europe, has finalized a EUR125 million green loan agreement with a group of banks through its joint venture with MAS plc, a Johannesburg Stock Exchange-listed real estate investor.
Seven out of ten companies active in Romania have resorted in the last year to stress and anxiety management programs, according to K.M.Trust & Partners data.
The current generation of entrepreneurs is less willing to hand over control of their companies to their heirs than they were before the pandemic. That is making it harder for the next generation (NextGen) to prove themselves as new leaders, according to PwC’s global NextGen Survey 2022.
Under the pressure of the pandemic and the economic tensions generated by the crisis in Europe, Romania’s chief executive officers (CEOs) must find ways to keep their companies in balance, from reshaping portfolios to redefining their organization’s entire ecosystem.
Following its Annual General Meeting of Members (AGM), held on March 23, 2022, the American Chamber of Commerce in Romania (AmCham Romania) has announced its new Board of Directors for the March 2022 – March 2023 mandate.
Smartree Group, the strategic partner that offers integrated human resources services and software solutions, on Tuesday said it ended 2021 with a turnover of RON123 million, up 17% on the year, and a profit of RON5.3 million, up 35% from 2020; the increase is partly due to the new technology innovation division of for HR processes.
The Bucharest Stock Exchange announced that Brikston Construction Solutions returns on the capital market as an AeRO Listed Company on Tuesday, March 29.
Financial analysts expect the Romanian leu will depreciate to an average of 5.1029 units to the euro in the next 12 months, while inflation is seen averaging 7.28% during the same period, a monthly poll by CFA Romania showed Tuesday.
Destine Holidays, part of Destine Holding, a group of firms with EUR130 million turnover, controlled by Romanian entrepreneurs, plans to open three new branches by end-May and thus reach 12 units, but the company’s representatives plan to increase their number fourfold by 2024.
Sergiu Cadar, CEO of Somproduct, a local furniture and home décor retailer, says the company is betting on expansion during this period, both with the aid of physical stores and via online platforms.
Turkish-held Tosmur Grup, a group with farming activities, has invested EUR78 million in building a starch plant in Medgidia on a ten-ha area, set to employ 200 people.
Sonimplex Topoloveni, the company that owns Magiun de Topoloveni brand, carries out its entire production in Topoloveni and has invested over EUR1 million in its current warehousing and production capacities.
The EUR5 million investment plan Czech group Packeta announced in Romania for 2022 is likely to suffer some changes amid the Ukrainian war and its fallout, said Alexandr Jeleascov, CEO of Packeta Romania.
Hidroelectrica, Romania's largest electricity producer and the most profitable state-owned company, has budgeted total revenue of RON7.4 billion for 2022, up 11% from 2021, while net profit is estimated at RON2.9 billion, down 8% from RON3.16 billion in 2021.
Romanian e-commerce platform Gomag recorded more than EUR2 million revenue at the end of 2021, up by about 45% compared with the previous year, and expects similar growth in 2022, the company said in a news release.19029 items