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New car registrations in Romania surged by 55.5% on the year to 9,337 units in January 2022, placing the country 14th in the European Union, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed Thursday.
Cluj-Napoca based ERP software developer Transart and one of Romania's leading providers of software for companies, posted EUR4.47 million revenue at the end of 2021, up about 20% from EUR3.6 million of the previous year, the company officials said in a release.
Orange Romania Group on Thursday said it registered a consolidated turnover of EUR430 million in October-December 2021, seeing a 3% organic growth against the fourth quarter of 2020.
Zitec, a provider of IT and digital marketing services, specialized in developing digital transformation solutions and services, had a turnover of EUR17.9 million in 2021, up 68% against 2020, company representatives said in a statement.
Lagardère Travel Retail, part of the French group Lagardère, active in the travel retail sector, has invested around EUR70,000 in a business lounge at the Sibiu Airport.
Romanian software development startup OVES Enterprise based in the city of Cluj-Napoca plans to double its turnover up to RON30 million in 2022 and to invest EUR1.5 million in developing products, acquiring companies and sealing strategic partnerships in order to support its development on global markets, as per company officials.
Austrian fintech company Bitpanda announces the opening of a Talent Hub in capital Bucharest, following an investment of EUR10 million, Bitpanda representatives said in a statement.
Dr. Fischer Dental, which operates on the dental technology market of Romania and is controlled by Dr. Antoaneta Fischer, has opened a laboratory in Germany to expand sales on the largest dental services market in Europa, in parallel with readying its listing on the AeRO market of the Bucharest Stock Exchange.
Lithuania’s Apex Alliance Group, which operates five hotels in Bucharest, has appointed Vlad Cimuca as General Manager of the business Courtyard by Marriott Bucharest Floreasca hotel – am initial investment of EUR22.5 million.
Ford Europe will be opening a services center in capital city Bucharest and, to this end, is set to lease office space within the One Cotroceni Park project.
Kosarom group, founded by Neculai Apostol, with 1,250 employees, expects turnover to remain unchanged this year against 2021, at RON372 million (EUR75 million), according to the founder.
Angst group, controlled by entrepreneur Sorin Minea, will further expand the own store network by opening another three-four stores in Bucharest this year and is set to complete the reconstruction of the ready meal plant, according to the entrepreneur.
Mures-based Piinea de Casa has completed the EUR4 million investment in a new bread factory, built in Sangeorgiu de Mures, 6 km away from Targu-Mures, according to Bela Kovacs, the manager of the business, who adds he plans to expand the business countywide.
One United Properties, one of the leading green developers of residential, mixed-use and office real estate in Romania, has sealed a partnership with Veolia Romania Solutii Integrate (VRSI), part of Veolia Romania and a provider of drinking water, sewerage and energy services, whereby VRSI is to invest in the implementation of energy efficiency solutions at ONE United Properties’ developments.
The Romanian operations of Germany’s group Metro are valued at EUR225 million, in line with data presented in a company report.
Behboud Madadi, or Ben Madadi as he is known in investor circles, who became the largest individual investor in a financial investment company (SIF) in 2021, has liquidated his holding in SIF Muntenia (SIF4.RO), the best performing of the five companies in 2021, according to a report published on the Bucharest Stock Exchange.
Real estate developer Forty Management will be accessing a syndicated loan of EUR65 million in order to develop the Lagoon City project in capital city Bucharest.
The Bucharest Stock Exchange on Wednesday said the bonds issued by INOX, in the amount of EUR1 million, would start trading on the Multilateral Trading System, under the ticker symbol INOX24E, on Friday (February 18).
Macromex, the largest Romanian-owned distribution business, has invested EUR500,000 in developing the Bocado.ro platform, an e-commerce solution intended for supply operations in the hospitality industry, company officials said in a statement.19015 items