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Cold cuts producer Meda Prod 98, a major player on the market, will generate turnover of around RON300 million in 2021, compared with RON217 million in the previous year.
Techtex, a company specializing in the production of technical textiles, expects to end this year with RON120 million revenue, up 15-20% on the previous year, and next year with RON200 million next revenue as it diversifies its product portfolio.
Dedeman, the largest Romanian entrepreneurial business, which accounts for more than half of the local DIY market, will open the 57th store of the network in Campulung Moldovenesc, Suceava, on a 42,000 square meter site on Friday, December 17, following an investment of EUR10 million.
The Bucharest Stock Exchange on Wednesday said that three new Fidelis government bond issues worth RON872.5 million and EUR42.1 million, respectively will start trading on the Main Market. on Thursday (December 16).
The Bucharest Stock Exchange on Wednesday said that the shares of Romanian software development company Softbinator Technologies will start trading on the AeRO market, the equity segment of the Multilateral Trading System, under the ticker CODE, on Friday, December 17.
The Asset Services Department of real estate consulting firm Cushman & Wakefield Echinox saw a 28% increase in 2021 in the portfolio of properties it manages, reaching some 500,000 square meters of offices, logistics and retail spaces in capital Bucharest and other cities and towns, and expects 10%-15% growth in 2022.
Romanian property restitution fund Fondul Proprietatea (FP.RO) has obtained the approval of its shareholders, which consist mostly of Pillar II (mandatory) private pension funds, for the distribution of special dividends in the amount of nearly RON433 million.
French shipbuilding group Piriou said it bought the ATG Giurgiu shipyard in southern Romania from local investors Teodor Apostol and Adrian Patriche who have controlled the Romanian company from 2002 until now.
Prices of lands in capital Bucharest intended for real estate developments almost doubled in 2021, with the central and northern parts of the city remaining the most expensive, per an analysis by real estate consulting firm Investpoint.
Cisco released the Cisco 2021 Consumer Privacy Survey which explores what individuals are doing to protect their privacy, the impact of privacy regulations, and their attitudes regarding the use of pandemic-related information and the emerging use of their personal information in Artificial Intelligence (AI) decision-making.
Romanian Cluj-based startup Stailer.ro, an online booking platform for beauty salons, has attracted a bridge investment round worth EUR500,000 from an angel investor group, following which it was valued at EUR10 million, company representatives said in a statement.
Romanian engineering and technology firm Simtel Team, listed on the AeRo market of the Bucharest Stock Exchange, plans to acquire the majority stake in ANT Power Energy, a provider of forecasting services for photovoltaic power plants and wind turbines.
Romanian state-run power grid operator Transelectrica (TEL.RO) on Wednesday said it obtained for Romania the very first financing from the Modernization Fund: almost EUR23 million for the development of Bucharest energy transmission infrastructure.
One United Properties (ONE.RO), one of the main real estate developers in Romania, on December 20 will grant its shareholders free shares in proportion of four new ONE shares for each five shares held.
Private equity fund Morphosis Capital Fund I, focused on Romanian small and medium-sized company, acquired the majority stake in Stay Fit Gym, the second biggest player on Romania’s fitness market by the number of centers.
Romanian startup Frisbo, a European e-fulfillment solution matching online stores with a network of trusted operators & smart logistics providers, expects to end 2021 with EUR2 million turnover, double the 2020 level as the e-commerce market continued to grow and the company expanded to several countries in the region and attracted new clients.
Private healthcare group Romgermed, will open a new clinic on Calea Plevnei, an investment of around EUR1 million, and plans to open two new labs and the fifth clinic in 2022.
Andrei Busoi, general manager of Seroussi group, which owns three apparel plants and a ten-store network locally, says the group wants to expand its own store network.
Hotel complex Parc Hotels, including four-star units Ramada Parc and Ramada Plaza of northern Bucharest, will end 2021 with 10% higher turnover, according to the company’s officials.
At the level of 2030, the capacity of solar power projects in Romania is likely to hit 7,400 MW, five times higher than the current one, and OMV Petrom, Romania’s sole oil and gas producer, says it wants over 10% of this market.18995 items