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Austria’s Wienerberger Group, which manufactures construction materials, posted some EUR105 million revenue in Romania in 2021, its last year’s sustainability report says.
Polyethylene pipe manufacturer TehnoWorld based in Suceava, northern Romania, posted RON309 million revenue in 2021, an increase of 18% on the previous year, Finance Ministry data show. The profit went down slightly to RON32.3 million, while the number of employees rose slightly to 191.
Over 80% of central banks are considering launching a central bank digital currency (CBDC) or have already done so, according to the 2022 PwC CBDC Global Index that analyses and ranks the leading retail and wholesale CBDC projects.
The modern retail stock in Romania is expected to grow by approximately 147,000 square meters by the end of 2022, of which 22% will be delivered in capital Bucharest and the remaining 78% will be delivered across Romania, both in the main regional hubs and in tertiary cities, in line with data from real estate consulting firm CBRE Romania.
Banca Comerciala Romana (BCR), the second largest bank in Romania by assets, will be listing a new corporate bond issue worth RON351.5 million, under the stock ticker BCR27, on the Main Market of the Bucharest Stock Exchange, on Friday (April 8).
Romanian cybersecurity company SafeTech Innovations (SAFE.RO), listed on the AeRO market of the Bucharest Stock Exchange, on Wednesday announced a partnership with Fidelis Cybersecurity, a US-based cybersecurity company focused on quickly detecting and responding to cyber threats and data breaches.
Romania’s beer market remained stable in 2021, with a 0.7% decrease by volume to 16.6 million hectoliters, the Romanian Brewers Association said Wednesday.
Shareholders of wine producer Purcari Wineries (WINE.RO) are expected to approve at their general meeting of April 28 a proposal to distribute a gross dividend of RON0.51 per share, with the yield reaching 4.4%.
Connections Consult (CC), a Romanian company specialized in providing software and IT service, on Wednesday announced the establishment of its wholly-owned US subsidiary, Connections Consult USA LLC (CC USA), in Fairfax, Virginia, company officials said in a statement.
iGaming software provider EveryMatrix is expanding its development hub in capital Bucharest and announces the conclusion of a lease contract for an office space of 7,500 square meters within Bucharest-based Arghezi 4 project developed by Strabag Real Estate.
MedLife Medical System, the leader of the private medical services market in Romania, announced in a stock market on Wednesday the acquisition of a 60% stake in Pro Life Clinics which will be integrated into the Sfanta Maria network.
Encorsa, an integrator of digital transformation services, has completed the implementation of a digital assistant for Electrica Furnizare.
Law firm Filip&Company has made multiple promotions within its team of lawyers at the beginning of 2022.
OTP Group, also present in Romania through OTP Bank Romania, has started the integration of a new platform, FLOWX.AI, the low-code/no-code provider in the enterprise space, to accelerate and reshape its digital experiences for customers and employees, according to data from OTP officials.
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, surged to 4.68% a year on Wednesday (April 6) from 4.62% a year on Tuesday (April 5), as per central bank data.
Moody's Investors Service (Moody's) on Wednesday (April 6) upgraded the long-term deposit ratings of Alpha Bank Romania S.A. (ABR) to Ba1 from Ba2, and changed the outlook on these to stable from positive.
Retail sales in Romania, excluding vehicle and motorcycle sales, inched up 0.1% in unadjusted data in February 2022 compared to January 2022, data from the country’s statistics institute INS showed Wednesday.
NetSafe, a distributor of value-add IT solutions and products on the segments of security, networking and wireless equipment solutions, plans to reach turnover of almost EUR20 million this year, up 40% from 2021, as the company is set to integrate new brands in its IT solutions portfolio in the wake of its takeover by Nuvias group.
Several local entrepreneurs have in the past two years tapped into a too little developed field in Romania, that of zero-waste stores, and want to drive this market segment closer to the level of Western countries.
Rompetrol Rafinare is likely to process 5.6 million tons of oil in 2022 at Petromidia refinery, Romania’s biggest, way up from 4.6 million tons in 2021, a year when the unit’s activity was halted for three months because of an incident.19464 items