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Sweden’s Medicover Group, present on the Romanian market for over 25 years, ended 2021 with combined revenues of EUR171.6 million, up 34% on the year.
Romanian startup Salarium, which developed a software platform that offers employees the possibility to receive salary advance payments via a mobile application, has attracted financing worth EUR500,000 from investment fund Neogen Capital, Salarium representatives said in a statement.
Romania’s mergers and acquisitions (M&A) market reached a value of EUR4-4.4 billion in 2021, Radu Dumitrescu, Financial Advisory Partner-in-Charge, Deloitte Romania, told an event organized by Deloitte and Ziarul Financiar (ZF) daily.
Coca-Cola HBC Romania is expanding its brands portfolio by bringing on the local market the Caffè Vergnano coffee after the Group had acquired in October 2021 a 30% stake in Italian coffee company Caffè Vergnano
Romanian shipyard Santierul Naval Orsova (SNO.RO) said Wednesday in a stock market report that it had concluded two external contracts worth EUR6.3 million for the construction of two river vessels to be delivered to The Netherlands.
International freight forwarding business International Alexander ended last year with EUR200 million revenue, Loredana Apreutese, general manager of International Alexander and vice president of International Alexander Holding, said at a Deloitte-ZF conference.
Terapia Cluj, one of the largest pharmaceuticals manufacturers in Romania, has an investment budget of EUR5.5 million for the 2022-2023 financial year and seeks to bring ten new drugstores to its portfolio.
The Italian brand Ducati, part of the Volkswagen group, is entering the Romanian market with a range of safety footwear designed for those working in difficult conditions, to be sold through the online store Armorum.
Romania’s auto liability insurance policies (RCA) market reached a record level of gross premiums underwritten in 2021, of RON5.93 billion, the biggest increase of the last 11 years, of 49.4% versus 2020, in line with preliminary data from the country’s Financial Supervisory Authority (ASF).
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, stagnated at 3.55% a year on Tuesday (Feb 15), in line with central bank data.
Parcel delivery company Sameday, owned by eMag, has leased a space of almost 4,360 square meters in the Globalworth Square building for a five-year period.
Real estate investments in Romania neared EUR900 million in 2021, with over a third of the amount transacted being recorded in the last three months of the year, in line with data from real estate consulting firm Colliers Romania.
Scandinavian furniture and home products retailer JYSK continues expansion in Romania and opens a store in Aiud, Alba County, on Thursday, February 17, reaching a network of 114 stores in the country.
World Class Romania, the largest fitness center network in the country, is aiming for revenue of almost EUR35 million, the level recorded in 2019, the company officials say.
Romania’s e-commerce sector has reached the threshold of EUR6.2 billion at end-2021, almost 10% higher than in 2020 when the electronic commerce was estimated at EUR5.6 billion, in line with a report by GPeC and the Association of Romanian Online Stores (ARMO).
The number of online card transactions processed by Netopia Payments grew by 40% and their total value surged by 55% year-over-year in 2021, with an average 2 million online transactions processed monthly, through all payment methods.
Lender ING has lowered its economic growth projection for Romania to 3.2% in 2022 from 4.5% previously, and kept unchanged its projection for 2023 at 4.5%, ING Romania chief economist Valentin Tataru said in an analysis.
Lender Banca Comerciala Romana (BCR) has revised its forecast on Romania’s economic growth down to 3.2% in 2022 from a previous forecast of 4%.
Construction materials manufacturer Prefab Bucuresti (PREH.RO) had a turnover of RON99 million in 2021, up 12% from 2020, and its net profit soared by 77% to RON10.8 million, in line with the company’s financial report released Tuesday.
AFV Beltrame Group, the shareholder of Donalam, one of Europe’s largest producers of steel bars and special steels, has received the approval of Romania’s Competition Council for the acquisition of the functional production assets of the special steel plant (COS) Targoviste which currently faces judicial reorganization.19015 items