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Software solutions developer Plin Tech ended 2021 with more than EUR1 million (RON5 million) revenue, an increase of about 20% compared with the previous year.
Romanian state-run power grid operator Transelectrica (TEL.RO) and the European Investment Bank (EIB) will intensify their cooperation in order to consolidate and accelerate investments in the Romanian electricity transmission grid.
Software solutions provider LIFE IS HARD (LIH.RO), listed on the AeRO market of the Bucharest Stock Exchange, said in a statement on Thursday (Feb 24) that its turnover grew by 198.87% in 2021, up to RON21.5 million, compared to RON7.19 million in 2020.
UniCredit Leasing launches a new financing solution in euro intended for the purchase of 100% electric or hybrid vehicles through financial leasing system.
German intralogistics company LKE Group is set to acquire Romanian company Someg Gherla, located in the County of Cluj and active in the fabricated structural metal manufacturing industry, in order to relocate to Cluj a production facility it has in China.
Romania’s Ministry of Energy has announced the immediate availability of a funding package totaling nearly EUR600 million in non-reimbursable funds in the field of renewable energy.
A cross-functional team made of lawyers from Reff & Asociatii I Deloitte Legal and tax consultants from Deloitte Romania has obtained a final favorable decision from Romania’s Supreme Court whereby the country’s tax regulator ANAF is bound to motivate the implementation of a transfer pricing method different from the one chosen by the taxpayer and, by default, the new analysis approach.
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, grew to 3.61% a year on Thursday (Feb 24, 2022) from 3.56% a year on Wednesday (Feb 23), in line with central bank data.
Romanian software development company mindit.io, established in 2015, currently has some 180 employees and plans to hire 130 IT specialists in 2022, company officials said in a statement on Thursday.
Despite applying for middle & top management roles in companies, 40% of candidates who are selected by recruiters end up refusing the first job offer, in line with a survey by the company HR Arthur Hunt conducted in 2022.
Sphera Franchise Group (SFG.RO), the operator of the KFC, Taco Bell and Pizza Hut brands in Romania, ended 2021 with consolidated sales of over RON1 billion, up 41% on the year, with sales in Romania contributing 87% to this result (RON873.7 million), the company said in its preliminary financial report.
Romania's nuclear power producer Nuclearelectrica (SNN.RO) ended 2021 with operating revenue of RON3.2 billion, up 28% on the year, and a net profit of RON1.01 billion, up 45% from 2020, in line with the company’s financial report released on Thursday.
Financial analysts expect the Romanian leu will depreciate to an average of 5.0761 units to the euro in the next 12 months, while inflation is seen averaging 6.32% during the same period, a monthly poll by CFA Romania showed Thursday.
Tea producer Kalpo of Buzau, with sales of around RON10 million annually, run by entrepreneurs Mihaela and Eugen Achim, will switch to growth in 2022, after in 2021 pandemic restrictions hurt its sales.
DIY network Brico Depot Romania, owned by Britain’s Kingfisher, wants to develop the outlet-type chain it launched in 2020 with the opening of a unit in Chiajna, near Bucharest.
Morphosis Capital will start raising the second fund in the second half of 2022, with the target envisaging EUR100 million this year, double the value of the first fund.
Egger Romania, part of Austria’s supplier of wood-based material for furniture industry and interior decorations, construction and flooring Egger, reported EUR404 million for 2021, up around 34% from the previous year.
Dairy maker Agroserv Mariuta (MILK.RO) of Dragoesti, Ialomita county, a company that owns dairy brand Laptaria cu Caimac, has completed the construction of its second production unit, equipped with a line for cheese products and another one for butter, an over EUR3 million investment.
Erol Baeram, general manager of Cottontex, a textile industry company owning six production units in Romania, says the workforce problem is intensifying, with young people shunning this industry.
TELUS International, a company specializing in business process and IT outsourcing services, has now reached a team of 2,200 people in Romania, up from 1,500 last year and continues recruiting at an accelerated pace.19451 items