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Egger Romania, part of Austria’s supplier of wood-based material for furniture industry and interior decorations, construction and flooring Egger, reported EUR404 million for 2021, up around 34% from the previous year.
Dairy maker Agroserv Mariuta (MILK.RO) of Dragoesti, Ialomita county, a company that owns dairy brand Laptaria cu Caimac, has completed the construction of its second production unit, equipped with a line for cheese products and another one for butter, an over EUR3 million investment.
Erol Baeram, general manager of Cottontex, a textile industry company owning six production units in Romania, says the workforce problem is intensifying, with young people shunning this industry.
TELUS International, a company specializing in business process and IT outsourcing services, has now reached a team of 2,200 people in Romania, up from 1,500 last year and continues recruiting at an accelerated pace.
Norofert Group (NRF.RO), a leading Romanian producer of organic agricultural products, ended 2021 with a turnover of RON51.5 million, up 107% from 2020, and a net profit of RON8.2 million, up 63% from 2020, in line with its preliminary financial report.
Aquila Part Prod (AQ.RO), the largest fast moving consumer goods distributor in Romania, on Wednesday announced on the Bucharest Stock Exchange that its shareholders had approved in their general meeting a share capital increase by RON150 million, representing issuance premiums, to RON180 million.
Covid-19 was a huge economic shock, but the Romanian economy has shown resilience and its recovery is ongoing, as per the Investment Survey of the European Investment Bank (EIB).
The Bihor County Council has signed a credit contract of RON100 million (EUR20 million) with lender Raiffeisen Bank, with a 12-year reimbursement period.
The Bucharest Stock Exchange on Wednesday said the shares of Grup Serban Holding would start trading on the AeRO market, the equity segment of the Multilateral Trading System, on Monday (Feb 28), under the stock ticker GSH.
Poland’s CIECH Group, with a 75-year experience in the chemical products industry, enters the Romanian agribusiness market and establishes CIECH Agro Romania.
Deutsche Telekom changes its logo on a group level and in all national companies operating under the T brand, company officials said in a statement.
Private lending grew by 15.1% in nominal terms (6.3% in real terms) to RON326.46 billion in January 2022 compared to January 2021, as local currency lending grew by 19.5% (10.3% in real terms) and foreign currency lending by 5.2% when expressed in lei (3.6% when expressed in euros), central bank data showed Wednesday.
The plan of NuScale, which will make the small modular nuclear reactors (SMR) for Romania, is to assemble them in a plant, and one such plant could be in Romania, CEO John Hopkins said at the ZF Power Summit.
Only six office buildings totaling 135,700 square meters of gross leasable area (GLA) are due to be finalized in capital Bucharest in 2022 – a five-year low- but the buildings planned for 2023, estimated at 267,300 sqm, are directly included in a top three deliveries over a ten-year period, in line with an analysis by real estate consulting firm CBRE.
MedLife Group said in a stock market report on Wednesday that it completed the acquisition of a 50% stake in the oncology centers of Neolife Romania, following the approval of Romania’s Competition Council, being the largest transaction initiated by MedLife in 2021.
Ogre AI, a startup company specialized in machine learning and artificial intelligence (AI) solutions for the energy sector, has announced the completion of an EUR2 million investment round led by Early Game Ventures (EGV), with the participation of London-based venture capital (VC) fund MMC Ventures and international business angels, company officials said in a statement.
The volume of investments in the biggest real estate projects underway or due to start in 2022 across Romania goes beyond EUR1.8 billion, with the housing and logistics markets being the most dynamic at present, in line with an analysis by Bucharest Real Estate Club (BREC).
Laurus Medical, a network specializing in proctology and phlebology healthcare services, founded by a doctor, in 2021 reached 10 centers nationwide and reported EUR7.3 million, according to the company’s officials.
Cluj-Napoca-based cigarette wholesaler Punctual Comimpex, held by entrepreneur Vasile Muresan, targets RON950 million (over EUR192 million) turnover this year, up 11.6% on the year, in line with ZF calculations based on company data.
Travel agency J’Info Tours, one of the biggest locally, expects 30% higher turnover this year amid rising demand for exotic circuits, as well as for holidays in Greece, Turkey or Spain, according to the company’s officials.19015 items