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Cristian Secosan, General Director of Delgaz Grid Romania, was re-elected for a new term as president of the Foreign Investors Council (FIC).
Softbinator Technologies, a Romanian software company founded by Daniel Ilinca, on Thursday announced the conclusion of a sale-purchase agreement for the full takeover of E-spres-oh, an IT company based in Timisoara, in order to expand its customer portfolio, especially on the US market.
Bicycle manufacturer Eurosport DHS, controlled by Chinese and German investors, posted RON388.6 million (EUR79 million) revenue in 2021, up 16% from the previous year’s more than RON334.8 million (EUR69.2 million), ZF has calculated from publicly available data.
The management of technology company AROBS Transilvania Software (AROBS.RO) on Thursday (June 23) informed the market about the start of the buy-back program of its own shares, that will take place between June 23, 2022 and December 20, 2023.
ING Bank Romania has granted investment loans worth over EUR25 million over the last three years to Boromir, the largest Romanian-held business in the milling and bakery sector.
Four months after the start of hostilities in Ukraine, first lessons can be drawn: the conflict, which is set to last, has already upset the global geo-economic balance.
Nuclear power producer Nuclearelectrica (SNN.RO) placed with state-run lender CEC BANK a term deposit in the amount of RON393.35 million, the company informed its shareholders and investors via a report to the Bucharest Stock Exchange on Thursday (June 23).
ASEE, the largest IT company in Southeast Europe (SEE), part of ASEE Group (Asseco Group) is acquiring Romanian company Bithat Solutions, which develops storage, digitalization, archiving and management solutions (data and documents), the two companies said in a statement.
Wine producer Crama La Salina is listing its first bond issue, worth EUR2 million, under the stock ticker ISSA26E, on the Multilateral Trading System (MTS) of the Bucharest Stock Exchange, on June 23, 2022.
Vodafone, a major player on Romania’s fixed and mobile communications market, has started a business model redesign program, which envisages the identification of new growth sources for the company and which will also entail, at this stage, organizational structure changes and a reduction in the number of positions that will impact less than 5% of the total number of employees.
French group Lagardère, present in Romania via Travel Retail, Lagardère Travel Retail, active in the travel retail sector, plans to open 30 new spaces in Romania by the end of this year, mainly focusing on proximity concepts and development in airport areas.
One of the oldest companies present on Romania’s IT market, Apcom IT Distribution, previously operating under the name of IRIS, which stands out on the market by being the sole authorized distributor of Apple gadgets in Romania, in 2021 joined the club of RON billionaires, after its turnover skyrocketed from RON16 million in 2020 to RON1.3 billion in 2021.
Albalact, the largest company in Romania’s dairy sector and part of Lactalis Romania group, in 2021 reached RON848.7 million turnover, up 11% year-on-year.
Four-star Nyota Hotel & Conference Center of Mamaia, with a capacity of 73 accommodation places, has budgeted 10% higher turnover for this year.
Meat industry company AAylex One expects RON1.3 billion revenue in 2022, 53% more than in 2021.
Romanian furniture manufacturer Iris Service Ciuc, held by entrepreneur Negru Petru, on Wednesday said it ended 2021 with a turnover of RON143.8 million (EUR29.2 million), up 48% from RON97.1 million (EUR20.1 million) in 2020, in line with finance ministry data.
Delaco Distribution, a company owned by French group Savencia Fromage & Dairy, posted RON445.7 million (EUR90.6 million) revenue in 2021, up 11% from RON401.3 million (about EUR83 million) of the previous year, data on the Finance Ministry website show.
Romania’s national guarantee fund for small and medium-sized businesses (FNGCIMM) on Wednesday said it had a net profit of RON34.5 million in the first quarter of 2022, up 7% on the year and 36% above the targeted level.
Romanian company Certion, which develops real estate projects in local seaside and mountain resorts, has inaugurated the Moussay Olimp Beach Club project in Olimp seaside resort, following an investment of over EUR500,000.
CTP Group, the largest owner, developer and manager of industrial and logistics space in Europe, has delivered a built-to-suit warehouse covering approximately 35,000 square meters for A&D Pharma – Dr.Max Group, the leading pharmacy chain in Central Eastern Europe.20673 items