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Rodbun group has a total investment budget of RON50 million in 2020 and envisages company acquisitions, renewable energy production and the setting up of a digital agricultural bank, explained Octavian Petrescu, CEO of the group.
SII Romania, a company specializing in IT services and solutions, saw an increase of about 200% in the number of projects handled last year, which had an impact on the number of employees, which grew by about 250 IT engineers, exceeding the initial targets set by the company's representatives.
Aerostar Bacau (ARS.RO), a manufacturer of aircraft components, posted about RON376 million revenue last year, up about 30% on the previous year, its preliminary results report says.
The European Commission (EC) on Wednesday approved the establishment of a humanitarian corridor for Ukraine, an initiative promoted by Romanian MEP Victor Negrescu and backed by some 90 MEPs.
Smartree, a company providing integrated human resources services and software solutions, on Wednesday said it concluded a partnership with Salarium Fintech, the first platform for instant payment of salary advances and financial education in Romania.
New car registrations in Romania grew by 24.92% on the year to a total 8,616 units year-over-year in February 2022, data from the association of automotive manufacturers in Romania (ACAROM) and of Romania’s General Directorate for Driving Licenses and Car Registration (DRPCIV) showed Wednesday.
Individual investor Behboud Madadi plans to acquire 35 million shares of regional investment fund SIF Oltenia (SIF5), the equivalent of a 7% ownership stake, and the package of shares is worth RON70 million (EUR14 million).
The situation created by the conflict in Ukraine has generated a wave of migration to Romania and other European countries, as Ukrainians but also citizens of other countries in the region seek for safe areas to settle, at least until the end of the war.
Softlead, a marketplace enabling companies to choose the appropriate software application based on digital DNA, said it attracted a funding round worth EUR200,000 through Ronin crowdfunding platform, according to company representatives.
Startup Hyperhuman, which develops a platform of customized fitness trainings using the artificial intelligence (AI) technology, on Wednesday announced a new investment round worth EUR700,000 run by the fund Sparking Capital and backed by investors Early Game Ventures and SeedBlink, company officials said in a statement.
Canadian company CGI, one of the largest IT and business consulting services firms in the world, will be hiring 5,000 people in Europe, of whom 150 people at its head office in Romania.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, soared to 3.91% a year on Wednesday (March 2, 2022) from 3.87% a year on Tuesday (March Feb 23), in line with central bank data.
Agroland Business System, a Romanian retail, agriculture and food entrepreneurial group, which owns the biggest agricultural store network in Romania, for 2021 reported consolidated revenues of RON233.9 million, up 23% from 2020 and net profit of RON8.5 million, in line with the level projected by the company for 2021.
Romanian maritime port operator Socep Constanta, reported RON2.4 million profit for 2021, down 79.4% from the previous year.
Integrated mobility services provider Autonom Services, which in 2021 secured the largest entrepreneurial bond funding on the Bucharest Stock Exchange, posted net profit of around RON22.3 million last year, from EUR7.2 million in 2020, up 209.3% year-on-year.
Patria Bank (PBK.RO), a lender held by Emerging Europe Accession Fund (EEAF) ended 2021 with a net profit at individual level of RON9.46 million, an increase of 238.3% or RON6.7 million on the 2020 level.
The Zara store on the ground floor of the Unirea Shopping Center in the heart of Bucharest has been closed due to a decrease in foot traffic in the area and therefore in sales.
President Klaus Iohannis said on Tuesday, in the context of Russia’s invasion of neighboring Ukraine, that Romania would increase the government expenditure on defense to 2.5% of gross domestic product (GDP) and ensure its energy independence.
Auto parts manufacturer Altur Slatina (ALT.RO) on Tuesday said it ended 2021 with a turnover of RON93.5 million, up 24% on the year, and a loss of RON7.4 million, half the RON16 million level reported in 2020.19015 items