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A report released Friday (Jan 28) by the Organization for Economic Co-operation and Development (OECD) shows that, according to OECD predictions, Romania’s economy grew by 6.3% in 2021 and is expected to grow by 4.5% in 2022 and 2023.
Norofert (NRF), Romania’s leading producer of organic inputs, said in a stock market report on Friday that the company’s Board of Directors decided the appointment of Mircea Fulga to the position of Chief Operations Officer (COO).
Alta Seeds, a brand of Advanta Seeds, part of Indian group UPL, producing genetics for sunflower, sorghum or rapeseed in Romania and providing integrated services, has reached a 6% market share in Romania after a 3-year presence.
Store network Fly Music, set up in 2006 by entrepreneur family Florin and Liliana Fodor, will grow abroad as well through online stores, after the first step has already been taken in Hungary.
Philips Orastie, part of Dutch giant Philips, at present has 100 jobs available for unskilled workers at the home appliances plant of Hunedoara, where the company produces coffee machines and oral hygiene products.
Cluj-Napoca-based ceramic tile producer Sanex, owned by Austria’s Lasselsberger, plans to invest around EUR2 million in 2022.
Businessman Omer Susli, owner of home décor retail chain Homelux, bought Vitantis Shopping Center from investment fund Revetas Capital Advisors.
Altex, leader of Romania’s electro-IT market, a business controlled by businessman Dan Ostahie, is readying to take its first steps outside Romania.
The Bucharest Stock Exchange on Thursday said the bonds issued by online retailer Elefant Online, worth almost RON17.5 million, would start trading on the Multilateral Trading System, under the ticker symbol ELF26, on February 1, 2022.
Cefin Trucks, sole importer and distributor of Ford Trucks in Romania, ended 2021 with a turnover of over EUR88 million and an average division growth of 30% against the previous year.
Mihai Voicu, General Manager of BERGENBIER SA, part of the Molson Coors group, was elected President of the Romanian Brewers Association, effective January 1, 2022.
At least 90% of the net profits registered in 2021 by state-owned companies in Romania will be distributed under the form of dividends to shareholders under a provision included in an emergency ordinance amending the ‘cap and subsidy’ scheme aimed at supporting energy consumers.
Romania's finance ministry on Thursday raised RON909 million selling bonds maturing in 2029 and 2024, at annual average yields of 5.19% and 4.66%, respectively.
Law firm NNDKP has assisted Swedish-held private medical service provider Medicover Romania, one of the third largest private medical service providers in the country, in the transaction whereby the company acquired the Polaris Medical Hospital in Cluj-Napoca from the Socea Family.
The number of electric vehicle (EV) registrations in Romania soared by 118% in 2021 to a total 6.831 units and December was the best month with 2.099 new registrations, in line with an analysis by LEKTRI.CO, one of the leading players in the field of electric mobility in Romania.
Over 80% of beauty salons and licensed stylists expect revenue will grow in the first quarter of 2022 versus the same period in 2021, considering that over half of beauty salons (61.6%) reported revenue growth in 2021, per a survey by Stailer, an online booking platform for beauty salons.
Insulation materials producer Knauf Insulation, part of Germany’s Knauf Group, has acquired the Gecsat mineral glasswool factory in Tarnaveni (Mures County).
Rottaprint, the main flexographic printing company producing self-adhesive labels and flexible packaging in Romania, targets investments of almost EUR1 million in 2022 to enhance the quality of products and work conditions and to digitize operations, according to Cristi Nechita-Rotta, CEO of Rottaprint.
The European Commission (EC) on Wednesday said it has approved Romania’s plan to grant up to EUR2.66 billion in restructuring aid to energy company Complexul Energetic Oltenia (CE Oltenia).
ING Bank Romania has granted the second loan facility of RON10 million (EUR2 million) to the company Agrinvest Credit IFN specialized in financing the Romanian agricultural sector.19015 items