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Technical plastics solutions developer Reinert Kunststoffetechnik, acquired in late 2019 by Germany’s CCBA Verwaltungs, has budgeted EUR5 million investments for 2022 to expand the plastics plant of Eurobusiness Oradea industrial park, where it has operated since 2015.
IPEC, a major local supplier to IKEA, currently has 50 jobs available at Alba Iulia porcelain plant.
Gherla-based Sortilemn, a major local supplier to Sweden’s group IKEA, has budgeted investments of around EUR1 million for this year, aimed at automation and infrastructure.
German-held car parts supplier Kromberg & Schubert Romania ME currently has 92 jobs available at the Medias plant.
The Romanian Football Federation has opened its first physical store, which is located within the Mega Mall shopping center in capital Bucharest, in the vicinity of the National Arena.
Lender Banca Transilvania on Friday said it would have its own technology company, Code Crafters, through which it will increase its capacity to develop IT solutions.
Streaming platforms (Netflix, Disney + and Amazon Prime) target investments of $230 billion in video content in 2022 to benefit from the increases estimated for these services in the coming years and to retain clients and attract new ones, on an increasingly competitive market, as per an analysis by the strategy+business publication of the PwC network.
France's Orange Group, one of the biggest players in the global communications market, has asked Greece’s OTE to lower the final price for the majority stake in former fixed-line monopoly Romtelecom (Telekom Fix) by EUR24 million, a document OTE sent to investors says.
Fintech company Degethal, established in 2021 by Alin George Luca, Cristian Mateescu and Peter Barta, has concluded an agreement with Austria’s investment fund Valuex ALUEX for gradual funding of up to EUR50 million over the next two years.
The supply of remote jobs on the local market has increased in the last two weeks to 7.7% from 5%. After a long period of time, the first three regional cities - Cluj-Napoca, Timisoara and Brasov – are no longer able to surpass or match the supply of jobs in capital city Bucharest, in line with data from eJobs Romania.
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, has surged to 4.36% a year on Friday (March 11, 2022), from 4.35% a year on Thursday (March 10), in line with central bank data.
From the end of February 2020, when the first case of coronavirus was recorded in Romania, and until the end of February 2022, the Romanian capital market increased by 55% when looking at the BET-TR index, which includes dividends, and by 39% when taking into account the BET index, as per a stock market report.
Brick Romania, a local DIY and home improvement retailer of Constanta, will open the fifth store of the network next week, in Satu Mare, with this being the first project carried out in western Romania, in the wake of a EUR4 million investment.
Passenger car registrations rose by 39.5% in the first two months of 2022 against 2021, according to data from Automotive Manufacturers and Importers Association (APIA). EVs posted an 84.9% increase, holding a 17.4% market share.
Antrepreneur Adrian Badescu, owner of Medici’s clinics of Timispara, expects the hospital he’s building in the center of Timisoara to treat the first patients in mid-2023.
eMAG, the largest online retailer in Romania, has started construction of a more than 100,000-square-meter logistics center in Hungary, where it merged with Extreme Digital in 2019.
In the fourth quarter of 2021, seasonally adjusted GDP increased by 0.3% in the euro area and by 0.4% in the EU, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union.
Romania's finance ministry on Thursday (March 10) raised RON817 million (EUR165.3 million), selling treasury bills and bonds maturing in April 2022 and July 2029, at annual average yields of 4.38% and 6.49%, respectively.
Romania’s Competition Council has started an inquiry into fuel price hikes, saying it is monitoring the fuel market and arguing that prices has increased too much unreasonably.
Visual Fan (ALW.RO), a company listed on the Bucharest Stock Exchange and owner of the Allview brand, on Thursday said it ended 2021 with a net profit of RON8.5 million, up over 20% from 2020, and a turnover of over RON121 million, up nearly 17% on the year.19464 items