Found 19464 news
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.
Tire and inner tube distributor Nexxon, headquartered in Targu Secuiesc (Covasna County), ended 2021 with a turnover of RON193.2 million (over EUR39 million), up 20% from 2020, and targets a 30% increase in turnover in 2022.
Timisoara-based company Glissando, one of the leading distributors of pesticides, chemical fertilizers and other inputs for agriculture, has contracted a loan of RON14.2 million from lender EximBank in order to fund the company’s current activity.
Restart Energy, one of the largest independent energy suppliers on the Romanian market, signed a contract worth over EUR1 million with Alba-based building materials manufacturer Florea Grup whereby the former will install 3,867 solar panels on the rooftops of the Petra Pavaje plants in Alba Iulia, Ploiesti, Arad and Roman.
Egger Romania, part of the Austrian supplier of wood-based materials for furniture and interiors, construction and flooring Egger, has budgeted an investment program of about EUR15 million for this year, for the implementation of new technologies, improvement of product quality, infrastructure work, upgrading the machinery fleet, maintenance of current production facilities and environmental protection.
Automotive component supplier Eckerle Automotive, the local subsidiary of the German Eckerle Group, posted RON229.7 million (EUR46.7 million) revenue in 2021, up 20% on the previous year, ZF has calculated from Finance Ministry data.19464 items