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Walter Friedl, managing partner of wine producer Lacerta, expects the company’s 2021 turnover to be flat from 2020. Last year, turnover hit RON4,9 million, down 24% year-on-year.
Theta Furniture & More, one of the biggest players on Romania’s furniture and interior design market, will open an office in Brussels in 2022, with Paris to also be included in its expansion plans.
Appraisal & Valuation (APP.RO), a real estate consulting, valuation and development business and one of the companies that recently debuted on the local stock exchange, announced on Friday that investor Marius Alexe surpassed the 5% threshold of its voting rights on November 26, so he now owns 5.03% or 64,830 shares.
Carbochim (CBC.RO) is preparing the site in Cluj for a future real estate development; the site is now used by one its plants, which is to be relocated.
The sale of Frigotehnica, a manufacturer of refrigeration solutions, to VINCI Energies, the Romanian holding company of VINCI, a global construction and energy group, was finalized on Friday after receiving all approvals from the Competition Council, ROCA Investments announced.
National natural gas transmission company Transgaz (TGN.RO) signed on Thursday a 12-year RON220 million loan agreement with Banca Comerciala Romana (BCR) on Thursday, an announcement on the Bucharest Stock Exchange shows.
Electronics retailer Flanco is further expanding its store network and is opening two new units, in Arad and Barlad, in the wake of RON1.5 million investments, reaching 160 units located in 112 cities.
Bento – Intellectually Curious, a Romanian entrepreneurial company specialized in developing and implementing software solutions and providing IT and Cloud infrastructure services, raised RON5.6 million from investors in the wake of a private placement closed on the very first day of the offering.
Holde Agri Invest, a Romanian company operating farmland, reported consolidated turnover worth RON46.8 million in the first nine months of this year, up 78% from the year-earlier period, and net profit of RON2.6 million, up 77%.
Romania’s bike industry has grown almost tenfold in 10 years. Over 1,700 people in 2020 manufactured RON1.3 billion worth of bikes, in line with a ZF analysis based on Trade Registry data.
The owners of Briza Marii Negre, one of the biggest travel companies on the Romanian seaside, which operates MirageMedSpa hotel of Eforie Nord, as well as four restaurants, have built a second hotel and are now investing EUR2.5 million in a health recovery clinic.
Siemens Energy currently has over 110 positions opened for Bucharest, with this being the company’s most active recruitment center globally.
UK software and IT services provider Endava, which has seven delivery centers locally and more than 3,000 employees, plans to expand to three new cities, Craiova, Sibiu and Suceava, and grow its teams, according to the company’s representatives.
Austrian real estate developer CA Immo has decided to consider several strategic options for the Romanian market, including a sale of its entire Bucharest office portfolio, in line with a report published in November 2021.
Furniture manufacturer Elvila (ELV.RO) ended the first nine months of 2021 with a loss of RON1.54 million, compared with a net profit of RON1.78 million in the same period of 2020, while revenue stood at RON24.3 million, down 20.3%, ZF has calculated based on the quarterly report published on the Bucharest Stock Exchange.
The Black Sea Trade and Development Bank (BSTDB) received an upgrade of its long- and short-term issuer credit ratings from the S&P Global Ratings to 'A/A-1' from 'A-/A-2', with Stable Outlook.
Romania’s Finance Ministry has reopened a bond issue due in June 2026 and raised RON214 million from banks on Thursday, lower by RON286 million more than the targeted amount, at a yearly yield of 5%.
EY’s CEO Imperative Study in Romania pointed out that, in terms of transformation initiatives, the majority of the CEOs from Romania (88%) intend to initiate new and comprehensive transformation in a time horizon of 12 months and the most significant investment (78%) will be directed towards data and technology.
MOL Romania is about to start the construction of six of the 14 service stations to be built on the A1 Lugoj - Deva and A2 Medgidia - Constanta highways, under the concession contracts signed with Romania’s national roads company CNAIR at the beginning of this year. The investment will amount to EUR28 million.
Lender UniCredit Bank has opened the first Mortgage Center, in Bucharest’s Charles de Gaulle Square, which is intended exclusively for the mortgage lending activity.18957 items