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Romania’s largest poultry producer Transavia is investing EUR20 million in photovoltaic parks and development of new production and grain storage capacity in 2022.
Childhood dreams do not fit into adult responsibilities, as per a survey by recruitment platform BestJobs that marks the upcoming Children's Day.
Agrinvest Credit IFN, a company specialized in financing the Romanian agricultural sector, on Monday said it plans to grant new loans worth over RON45 million in 2022 after the volume of loans granted surged by over 280% at end-April 2022 compared to the same period in 2021.
Nordis Group, a real estate developer of premium hotel and residential complexes, has started construction works at the five-star Nordis Brasov 5 complex, with an investment estimated at EUR26.4 million and due for delivery at the end of 2023.
Furniture manufacturer Elvila (ELV.RO) ended the first quarter of 2022 with RON1.73 million loss, higher than RON1.66 million in the year-earlier period, and a turnover of RON6.1 million, down 17.7% on the year, as per calculations by Ziarul Financiar (ZF) daily based on data from the company’s quarterly report.
The Romanian office of regional law firm Wolf Theiss has expanded its team by hiring four lawyers in the Investigation, Crisis Response and Compliance and Competition and Regulation practices.
Grocery retailer Profi, held by buyout investor Mid Europa Partners, had a turnover of RON9.5 billion in 2021, up 7.8% from 2020.
Supply chain challenges arising from the COVID-19 pandemic and Russia’s invasion of Ukraine could result in a potential EUR920 billion combined losses to gross domestic product (GDP) across the Eurozone by 2023, as per a report released by Accenture.
Cyber-attacks have reached an unprecedented level and the global phenomenon is becoming more and more visible in Romania.
ING Bank posted RON276 million net profit in the first quarter of 2022, 67% higher than in the year-ago period, while revenue rose 23% to RON667 million.
Lemon Retail Park, built by Synergy Construct in Bucharest's northern area of Pipera, following an investment of EUR15 million, will be inaugurated in September 2022, real estate consulting firm CBRE said on Monday (May 30).
Delgaz Grid, German utility group E.ON's natural gas and electricity distribution company in Romania, on Monday announced investments of RON719 million (EUR143 million) in 2022, mostly to upgrade, expand, automate and digitize the natural gas and electricity distribution grids.
European online fashion retailer Zalando, which already has a presence in 25 countries, launched in Romania on Monday. The retailer carries 350,000 products from 1,700 brands, and expansion in Romania is a continuation of the expansion in Europe.
Farmexim-Help Net Group, part of German Phoenix Group since 2018, ended 2021 with a combined turnover of EUR848.5 million (over RON4.1 billion), 16% higher compared with 2020.
APS, a debt recovery company headquartered in the Czech Republic, has announced the acquisition from the Bank of Cyprus Group of a portfolio of Romanian non-performing loans (NPLs) and repossessed properties with a total contract value of EUR147 million.
Paval Holding, the investment vehicle of brothers Adrian and Dragos Paval who own do-it-yourself (DIY) retailer Dedeman, on Monday reported total revenue of RON1.37 billion for 2021, compared to RON3.3 billion in 2020, and a net profit of RON1.24 billion, down 60% on the year.
The Kazakh-Romanian Energy Investment Fund (FIEKR), held by KMG International and the Romanian State, has contracted a syndicated loan of EUR83 million that will be used to fund the construction of a new cogeneration plant on the Petromidia Refinery platform.
Agroland Business System (AG.RO), the Romanian retail, agriculture and food entrepreneurial group, which owns the largest network of agricultural stores in Romania, posted consolidated revenue of RON66.8 million in the first quarter, up 21% compared with the year-ago period and net profit of RON1.6 million, up 31%.
British American Tobacco (BAT), the largest player on the Romanian tobacco market, with a market share of over 50%, has increased the number of employees in Romania by almost 10% every year, with an average of 200 new employees recruited annually.
Romanian entrepreneur Eugen Saulea has announced the launch of DANTEM on the Romanian market, which he will develop alongside Czech businessman Petr Adámek.20068 items