Found 19015 news
Electroglobal Cluj, a supplier of electrical solutions and equipment for industrial automation and lighting systems, controlled by Radu Ciorba jointly with Maksay Csaba, ended 2021 with 25% higher turnover, at RON138 million (EUR28 million), in line with ZF calculations based on company data.
HCL Online Advertising S.R.L, which operates Tazz by eMag business, in 2020 generated RON14.3 million turnover, up 872% on the year, with the delivery platform likely to see its turnover double, to around RON170 million, in line with ZF calculations based on company data.
Rin Grand Hotel, the hotel of southern Bucharest, a EUR60 million investments, which stirred controversies at its launch in 2017, when the “biggest hotel of Europe” was announced, closed down for tourists and will be entirely converted into apartments.
Dolj-based Windows maker Casa Noastra, owned by Stedan Cherciu, in 2021 had the best year in its history in terms of turnover and business performance.
Alexandrion Group, Romania's largest producer and distributor of spirits and wine, has appointed Nicholas S. Kass, a foreign policy expert, as Executive Director for International Corporate Affairs, a newly created position within the group to lobby governments and other policy makers.
Nordis Group, a developer of hotel and residential complexes, announced on Friday that apartment sales last year amounted to RON400 million and the most expensive unit was a RON2.5 million penthouse in the seaside resort of Mamaia.
Banca Transilvania, Romania's largest bank, has signed an agreement to acquire Tiriac Leasing, owned by the Tiriac Group, and the deal should be completed in the first part of this year, after review and approval by the relevant authority.
BRD-SocGen, the third largest lender in Romania and one of the most traded shares on the Bucharest Stock Exchange is calling shareholders to an ordinary general meeting on February 24, 2022, to decide, among others, about distribution of RON1.68 billion as dividends from the 2019 and 2020 retained profits, the lender announced.
Hidroelectrica, Romania’s biggest power producer, saw its valuation soar by 66% in the year Romania witnessed record high energy prices, from RON25.6 billion to RON42.6 billion in December 2021, an enviable performance even for some of the companies listed on the Bucharest Stock Exchange.
Cristian Dumitrescu, general manager of Alexandria-based Time International, says he hopes the company gets to sell 50 million masks this year and generate profit of about EUR300,000”.
Carrefour, the third biggest player in Romania’s modern retail, with a 350-store network and overall turnover worth RON12.7 billion (EUR2.6 billion) in 2020, during the year procures fresh products from over 1,000 local producers.
Paint and varnish manufacturer Policolor-Orgachim plans to invest over RON20 million in the next three years in digital development and automation.
The private investors part of TechAngels association, which supports Romania’s tech startup ecosystem, earmarked EUR8.9 million last year for the financing of local technology projects, doubled the 2020 sum and 43% higher than the 2019 level.
Romania’s annual inflation rate climbed to 8.2% in December 2021 after having entered a slightly downward trend in November, edging down to 7.8% from 7.94% in the previous month, data from the country’s statistics board showed on Friday.
A number of 51,435 individuals had deposits of more than EUR100,000 euros or RON55.4 billion (about EUR11.3 billion) in all, at the end of the first nine months of 2021, the latest statistics of the Bank Deposit Guarantee Fund (FGDB) show.
Romania's finance ministry on Thursday raised 915 million lei (EUR185 million), almost double the targeted level, at an annual average yield of 5.45%, central bank data showed.
CTP, the largest developer and owner of industrial and logistics space in Romania with 2 million square meters of industrial space, has bought the Mobexpert store in Targu Mures, which the seller will continue to use as a tenant
Austrian furniture and home decor retailer XXXLutz – with four stores in Romania under the XXXLutz and Mömax brands– will be opening a new Mömax store on the local market in the central city of Brasov, within the Coresi project developed by Ceetrus, accordng to an announcement on www.property-forum.eu.
One United Properties (ONE.RO), a developer of premium real estate projects in Romania, announced on Thursday in a stock market report the handover of One Herastrau Towers, a residential development located on 74 Nicolae G. Caranfil Street in capital Bucharest.
Swedish-held private medical service provider Medicover Romania, one of the third largest private medical service providers in the country, on Thursday announced the acquisition of Polaris Medical Hospital in Cluj-Napoca, one of the largest private medical recovery hospitals in the country.19015 items