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Romania’s ClusterPower has set up a digital highway to Frankfurt and Amsterdam, connecting Romania to the world’s major data centers, through the almost EUR40 million project it’s carrying out in Mischii locality of Dolj county, explained Cosmin Georgescu, CEO and co-founder of ClusterPower.
Adrian Paval and Dragoş Paval, shareholders of the DIY retailer Dedeman, the most powerful Romanian entrepreneurial business, own a stake of almost 1% in BRD Soc Gen - the third largest bank in Romania, through Paval Holding, which makes them the tenth largest shareholders of the lender.
Dr. Max brand, introduced by the private equity firm Penta Investments on the market in 2020, after the acquisition of Sensiblu pharmacies, generated RON2.3 billion revenue in 2021, after an increase of 21% over the previous year.
Over the next three years, Chief Financial Officers (CFOs) in Romania think about becoming more of a business partner to their organization, with 78% believing they will be significantly involved in strategy development and executions, followed by 69% involved in business model innovation and new revenue opportunities, as per the EY Romania CFO Imperative study.
Portugal’s EDP Renewables (EDPR), the third largest renewable energy investor on the Romanian market, said it plans to invest in additional green energy projects in Romania with a capacity of 1,000 MW, the Romanian government said in a press statement on Wednesday (March 16, 2022).
Emergn, a global digital business services company that helps companies deliver faster products and valuable customer experiences, announced its entry into the Romanian market.
Italy’s Beltrame Group, a producer of steel bars and special steels, which also owns Donalam Calarasi steel mill, said it would invest over EUR250 million for the modernization of the special steel producer COS Targoviste (COS.RO), the Romanian government announced on Wednesday (March 16).
Grocery retailer Profi, held by buyout investor Mid Europa Partners, has rented four floors in the Baneasa Airport Tower building of Immofinanz for its new Bucharest office.
Romania's finance ministry will be launching four new bond issues for the general population, under the Fidelis program, which can be subscribed between March 17, 2022 and April 1, 2022.
Romania will raise contributions to mandatory private pension funds (Pillar II) to reach 4.75% of contributors' gross wage from the current share of 3.75%, starting January 1, 2024, the government decided in its Wednesday's meeting.
Romania's current account balance posted a deficit of EUR815 million in January 2022, compared to a surplus of EUR9 million in January 2021, central bank data showed Wednesday.
Dental clinic chain Dr. Leahu has concluded a partnership with the Monza Oncology Hospital within Bucharest-based Enayati Medical City for the integrated approach of patients with oral cancer, from diagnosis to curing and to post-surgery treatments.
Fewer than half of the companies in the European Union are familiar with the Green Deal, and only 49% consider themselves prepared for the measures it involves, according to the European Green Deal Survey, conducted by PwC.
Bento – Intellectual Curious (2B Intelligent Soft), a Romanian entrepreneurial company founded in 2004, specialized in developing and implementing software solutions and delivering IT and Cloud infrastructure services, debuted on Wednesday, March 16, on the AeRO market of the Bucharest Stock Exchange, under the BENTO stock ticker.
American company Barings, a leading global investment management firm, has concluded an agreement with MassMutual Romania Global Business Services in order to set up a team of employees in Romania, who will work on a range of strategic projects carried out by Barings.
Metaminds, an integrator of cybersecurity solutions and complex IT solutions, with offices in Bucharest and Ploiesti and 40 employees at present, plans to raise funding in 2022 to support its regional expansion objectives.
East Grain, a grain trader controlled by several entrepreneurs of Romania and Hungary, has budgeted EUR2.8 million investments for 2022, with EUR1.3 million for own truck fleet and EUR1.5 million for purchases of new warehousing bases and for the expansion and retooling of the existent silo network.
Octavian Lazar, a stakeholder in hotel complex Caro Hotels of northern Bucharest, says the company needs workforce as it hasn’t prepared for the current demand increase and it will bring 15 employees from Sri Lanka.
US Burger King group, one of the most famous fast-food chains in the world, has stopped development of operations on the Romanian market, where the brand was present by franchising.19015 items