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SeedBlink, the European investment platform specialising in funding and scaling technology startups, is launching a new funding round for Agriniser, the UK-based Bulgarian Agritech company that has developed a digital marketplace where one can buy and sell grain, as per a statement.
Cargus, one of the largest players in the courier industry in Romania, ended 2021 with a turnover of RON450 million, down almost 9% from 2020, and had a constant level of the volumes delivered, maintaining the same trend as in the previous year.
Logistics and industrial real estate developer Element Industrial plans to deliver 200,000 square meters of space in Romania by the end of 2023, says managing director Andrei Jerca.
Romanian real estate developer Camicna Development is set to invest EUR25 million in a residential project with 51 apartments near Baneasa forest (in the north of capital Bucharest), which is due to be completed in the fourth quarter of 2023.
MedLife, the leader of the private medical services market in Romania on Tuesday (June 21) announced the signing of the acquisition for 80% of the shares of Medici’s, the most important local medical operator in Timisoara (western Romania).
Telecommunications operator Digi Communications (DIGI.RO) announced that Citymesh Mobile, a joint venture where the Romanian subsidiary of Digi and Citymesh, a company registered in Belgium and part of the IT group Cegeka, on June 21, 2022, won the 5G spectrum frequency user rights in the auction organized by Belgian Institute for Postal Services and Telecommunications (“BIPT”).
Actual Individual Consumption (AIC) is a measure of material welfare of households. In 2021, AIC per capita expressed in Purchasing Power Standards (PPS) varied from 63% to 146% of the EU average across the 27 Member States.
The Bucharest Stock Exchange on Tuesday said the bonds issued by Crama La Salina, in the amount of EUR2 million, will start trading on the Multilateral Trading System (MTS) of the Bucharest Stock Exchange on Thursday (June 23).
Private and public owners of plots of land appropriate for afforestation are offered grants under a EUR500 million scheme 100% funded under the Recovery and Resilience Facility (RRF), already approved by the European Commission.
The shares of Romanian fast-moving consumer goods (FMCG) distributor Aquila Part Prod (AQ.RO) will be included in the FTSE Russell indices dedicated to emerging markets, starting with June 20.
Startup Profluo, which builds machine learning technology for the automatic processing of accounting documents, has attracted its first client from abroad and plans to launch its platform internationally in the coming period.
Arad-based Smart Diesel, founded by Romanian entrepreneurs Ovidiu Andries and Daniel Imbre and taken over in late 2020 by Germany’s DKV, for 2021 reported turnover worth RON1.571 billion (EUR319.3 million), 6% higher than in 2020, in line with ZF calculations based on Finance Ministry data.
Alka Trading Co, the biggest company part of Alka group, a producer of croissants, biscuits and wafers, has budgeted RON329.8 million turnover for 2022, up 17% from the previous year.
ADA Fabrica de Mobila, one of the ten largest furniture producers in Romania, for 2021 reported turnover worth around RON208.3 million (EUR42.3 million), up 13.5% on the year, in line with ZF calculations based on Finance Ministry data.
Pharmaceutical wholesaler Europharm Holding, a major player on Romania’s market, for 2021 reported turnover worth RON778.4 million (EUR158.2 million), up 12.4% from the previous year, in line with ZF calculations based on Health Ministry data.
One United Properties (ONE.RO), a developer of sustainable residential, office and mixed-use projects in Romania, announced a cash position of EUR110 million on May 31, 2022, the company said in a report to the Bucharest Stock Exchange.
Germany’s Metro Group, which owns a local network of 30 cash & carry stores, is making a surprising move towards production, investing in its own meat processing line. This production facility is located in the logistics warehouse in Stefanesti.
Romania’s Finance Ministry raised RON567 million from banks via a government paper auction, at an annual yield of 9.23% on Monday, June 20.
The group of companies that owns the Romanian cosmetics brand Cupio has leased 3,200 square meters of warehouse space in the CTPark Timisoara Ghiroda project, located near Timisoara International Airport, to support plans to develop its network of physical stores, as well as its online store.
Romania’s Competition Council has greenlighted the takeover of Porsche Bank Romania by Dan Ostahie, the businessman who owns the Altex Group.20056 items