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Michelin Romania, part of French group Michelin, one of the world’s biggest tire manufacturers, has come to have more than 4,500 employees locally.
Dedeman, leader of Romania’s do-it-yourself (DIY) market and the biggest Romanian entrepreneurial company by turnover, got beyond the 12,000-employee mark, in line with company data.
Portugal’s EDP Renewables (EDPR), the third strongest investor in Romania’s green energy, took over Beta Wind project company, the developer of a 151-MW wind project, according to market sources, with the deal marking the company’s return on the market.
Bicycle maker Eurosport DHS, controlled by Chinese and German investors, currently has 50 jobs available at the Deva plant.
Bucharest’s five-star hotel JW Marriott, managed by Societatea Companiilor Hoteliere Grand, ended 2021 with turnover at 45% of 2019 level.
Tulcea-based bakery company Lidas, controlled by entrepreneur Elena Anastase, stared construction works for the second bakery plant, in Cataloi, in a EUR46 million investment, half covered by state aid.
Cigarette wholesaler Punctual Comimpex based in Cluj-Napoca and owned by entrepreneur Vasile Muresan, ended 2021 with total revenue of RON850.8 million (EUR173 million), up 17.4% year-on-year, the data supplied by the company show.
Telecommunications operator Digi Communications (DIGI.RO) on Thursday night notified Bucharest Stock Exchange investors it had repaid EUR272 million of the group’s financial debt.
Rombat Bistrita sold 2.65 million automotive batteries on the markets where it operates in 2021, up 15% from the previous year, the company said.
Regional investment fund SIF Muntenia (SIF4.RO) said in a stock market report on Thursday that it was notified by regional investment fund SIF Banat-Crisana (SIF1.RO) of the latter’s overshooting the 10% ownership threshold of SIF4 shares following deals geld on January 18, 2021.
The roofing and insulating panels manufacturer Impro, a subsidiary of the Polish group of the same name, has planned investments in its factories in Romania, in Timisoara and Cluj-Napoca this year.
Romania's finance ministry on Thursday raised RON1.15 billion selling bonds maturing in 2026 and 2030, at annual average yields of 4.99% and 5.35%, respectively.
SmartWrap, a producer and distributor of smart flexible packaging, ended 2021 with a turnover of over EUR7.5 million, up 18% from 2020.
Shareholders of Evergent Investments (EVER.RO) on Thursday approved the reduction of the share capital to RON96.2 million from RON98.1 million in accordance with and motivated by the general meeting of shareholders of April 29, 2021, in line with a stock market report.
Romania's finance ministry has raised a total $2.4 billion tapping international markets with US dollar-denominated five and ten-year bonds, including the refinancing of dollar-denominated bonds issued in the previous years.
Romanian shipyard Santierul Naval Orsova (SNO.RO) said Thursday in a stock market announcement that it had concluded two external contracts worth EUR4.06 million for the construction of two river vessels to be delivered to The Netherlands.
Real estate consultancy company CBRE has appointed Victor Rachita to lead the Industrial & Logistics (I&L) Department in Romania, pursuing its consistent efforts to strengthen the industrial & logistics team and extend the local market share.
Cristian Secosan, 54, will take over the position of general manager of Delgaz Grid, the natural gas and electricity distribution company in Romania of German utility group E.ON, and that of deputy general manager of E.ON Romania, from the beginning of April 2022.
The Romanian banking sector saw its profitability fall to 8.26% in 2020, from 11.06% in 2019 due to the pandemic, being the first time the local banking sector profitability was below 10% in the last six years, per the 11th edition of the McKinsey Global Annual Banking Review, which also shows the financial services industry survived the pandemic better than expectations, but the sector is under the sign of a great divergence.
Most commercial real estate (CRE) companies (80%) estimate revenue increases in 2022 compared to 2021 and 73% expect transactions activity to intensify over the next 12 months, according to the Deloitte 2022 Commercial Real Estate Outlook global study.19015 items