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Rail freight carrier LTE Rail Romania, part of the Austrian LTE Group, ended last year with RON33.9 million revenue, up from RON23.9 million in 2020, publicly available data show. The company posted a net profit of RON1.7 million, compared with RON974,000 the previous year, Romania’s Finance Ministry website shows.
Prysmian's Slatina electrical and fiber-optic cable plant, part of the Italian Prysmian group, ended last year with sales of EUR287.4 million, up 29% on the previous year, and budgeted for growth this year, its officials say.
First Bank grants loans with 50% discount to companies that want to install photovoltaic panels to recover their electricity costs. Thus, companies can become prosumers and, by implementing green solutions, to recover up to 100% of these expenses.
Telekom Romania Mobile, a unit of Deutsche Telekom, on Tuesday announced the implementation of a plan aimed at connecting its base stations to solar panels in order to replace the current power sources with renewable energy sources.
Zentiva Group, the main producer of generic medicines and the third largest pharmaceutical company in Romania, made 162 million packs of medicines in 2021 at its Zentiva and Labormed plants in capital Bucharest, which is almost 13% more than the level of 144 million packs recorded in 2020, company data shows.
Romanian software development company TARA Interactive on Tuesday said it would accelerate the recruitment process, aiming to increase its team to more than 70 employees at the end of 2022 from 50 employees currently, company representatives said in a statement.
Romania’s finance ministry will be listing on Thursday (April 7, 2022) four new FIDELIS government issues of bonds at the Bucharest Stock Exchange, of which two in lei and two in euro.
Polish real estate developer Scallier, one of the most dynamic investors in small and medium-sized retail parks, plans to expand its presence on the Romanian market where it holds three projects by opening new retail parks by the end of 2022.
Romania's central bank on Tuesday (April 5) raised its benchmark interest rate to 3% a year from the current rate of 2.5% a year, starting April 6, 2022.
The global initial public offering (IPO) saw a significant slowdown in the first quarter of 2022, after the record highs in 2021, as volumes dropped by 37% in in January-March and revenues by 51%, according to an EY analysis.
TBI Bank, with operations in Romania, Bulgaria, Germany, Greece and Lithuania, reported a net profit of EUR27.5 million at end-2021, the best result ever, up 39% versus 2020, the lender said in a statement.
Agricola Cereal Sud cooperative of Olt county, created five years ago, in 2021 posted RN41.7 million turnover, 6.6 times more than in the previous year.
AVstore, a retailer specializing in the sale of audio-video equipment, has opened two stores in Bucharest.
MedLife group expects turnover to top RON1.6 billion in 2022, up 13.7% from the previous year, in line with the budget published by the healthcare operator for this year.
Tema Energy, a Romanian data center developer, aims to increase its turnover by 10%-15% annually over the next five-ten years and expand regionally in 2-3 years.
Josephine Payne, Ford Romania president, says the new $300 million investments in Craiova have already been kick started and they are underway.
eMAG, the biggest player in Romania’s online retail, wants Freshful, the group’s project in the field of food retail, to come to a 5% market share in the next five years and 10% in the next decade.
Danin ND Com Romania, which has produced clothes in a lohn system since 1998, has launched its own fashion brand, Resense, after orders from foreign clients were cancelled or put on hold during the pandemic.
Romania's finance ministry raised 221.2 million lei (EUR44.7 million) on Monday (April 4) selling bonds maturing in 2036, at an annual average yield of 6.48%.
Law firm Dentons said in a statement that it advised Romanian natural gas producer and supplier Romgaz (SNG.RO) on contracting a credit facility worth EUR325 million to partly fund the acquisition of the stake held by US’ Exxon in the Neptun Deep gas exploration and drilling project in the Black Sea.19464 items