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Dumagas, one of the biggest freight carriers in Romania, controlled by investment fund Bancroft, ended 2021 with EUR32 million turnover and for 2022 expects to see turnover rise by 20%, according to Mircea Vlah, general manager of the company.
Paint and coatings manufacturer Kober, owned by the family of the same name of Neamt, has budgeted investments to boost production in 2022.
Radu Timis, one of the most powerful entrepreneurs in Romania’s food industry, who, together with his wife, founded cold cuts producer Cris-Tim around 3 decades ago, is in talks with China-held Smithfield, Romania’s biggest pork producer, on a possible partnership, according to ZF sources.
ROCA Industry, the holding company that brings together manufacturers of building materials from the ROCA Investments investment platform portfolio, such as Bico and Sarcom, will start trading on the AeRO market of the Bucharest Stock Exchange, with the ROC1 shares to be listed at the end of this month, ZF has found.
PepsiCo, one of the leaders of the food and beverages industry and the second largest player on the Romanian soft drinks market, on Monday announced the appointment of Annie Griffith-Swain to the position of HR Director PepsiCo East Balkans.
Private healthcare services provider Gral Medical, one of the biggest on Romania’s market, controlled by Romanian entrepreneur Robert Serban, ended 2021 with EUR43 million turnover and for 2022 expects to reach the EUR50 million threshold, according to the company’s officials.
Romania’s tourism sector in 2021 generated revenues worth $1.1 billion, with the biggest receipts recorded by operators that sold holiday packages, namely travel agencies, and by hotel owners, in line with statista.com data.
Wellness and relaxation complex Therme Bucharest plans to invest another EUR50 million in the next five years in expansion and new facilities.
DN Agrar, a Dutch-held group of firms operating in the fields of animal husbandry, farm production, farming services, logistics, transportation, tourism and advisory services, got the greenlight from the Competition Council to acquire cattle farm DN Agrar Apold from Dutch investment fund Garbova CV.
Nuclear power producer Nuclearelectrica (SNN.RO) on Friday notified shareholders and investors that based on the order to open a negotiated interest deposit, the company placed a RON52.5 million deposit with CEC Bank on January 21, 2022.
Lender Patria Bank (PBK.RO), held by investment fund Emerging Europe Accession Fund (EEAF), said in a stock market report on Friday that, within the share capital increase operation approved by shareholders in October 2021, a total 163.5 million new shares, at a price of RON0.1 per share, were subscribed by exercising the preferential right.
The International Investment Bank (IIB), founded in 1970 by several countries including Romania, on Friday said it started the implementation of the financing plan for 2022, with two transactions carried out in lei (RON) and Czech crowns (CZK) under the MTN program of the institution.
Nearly three quarters (72%) of Chief Executive Officers in Central and Eastern Europe (CEE), including Romania, expect cybercrime to increase in 2022, as last year was one of the most challenging ever for cybersecurity, according to the CEE edition of the PwC 2022 Digital Trust Insights.
MAM Bricolaj (MAM.RO), a supplier of materials and furniture accessories, held by the Gavan family, has celebrated on Friday (January 21) the first year since its listing on the AeRO market of the Bucharest Stock Exchange (BVB).
Law firm Wolf Theiss said it acted as legal advisor for Enercon GmbH Group, Germany’s largest wind turbine manufacturer, on the sale of an operational wind farm with a 34.5 MW capacity, located in the Stejaru commune (Tulcea County), to Premier Energy.
Romania’s Competition Council has approved a transaction whereby Autonet Group Holding (AGH), part of Switzerland’s Swiss Automotive Group (SAG), acquired in October 2021 the majority stake in automotive parts wholesaler Augsburg International (AL).
The seven private pension funds operating on the mandatory segment in Romania (Pillar II) had record assets of RON89 billion (EUR18 billion) in 2021, higher by approximately RON14 billion (+19%) on the year, financial regulator (ASF) data showed Friday.
Oves Enterprise, a Cluj-Napoca-based company specialized in software development, with turnover of around RON14 million at end-2021, announced it is set to open an office in Germany, in Munich, and expand its team by around 60 people this year.
Radu Piturlea, deputy chairman of Romanian builder Concelex, says the company wants to end the next two years with rising results and it already has contracts worth over EUR420 million sealed for the 2021-2025 period.19015 items