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Artisanal bakery chain Pain Plaisir, controlled by entrepreneurs Irina Stancescu and Tom Rees, will be opening in February a central production unit that will sustain existing stores and future store openings.
Top Line, a company active on the market of cosmetics import and wholesale to clinics and beauty salons, is present on four markets, Romania, Bulgaria, the Republic of Moldova and Hungary, and plans to expand to another market in the region.
Romania's finance ministry on Wednesday tapped international markets with two US dollar-denominated bond issues, maturing in five and ten years, respectively.
Romania, Poland and Slovakia are countries in Central and Eastern Europe (CEE) which reported an increase in the volume of transactions with real estate assets, according to data from real estate consulting company Cushman & Wakefield Echinox.
Sphera Group (SFG.RO), owner of KFC, Pizza Hut and Taco Bell franchises in Romania, Sphera Franchise Group (SFG), is expanding its local chain by opening two new restaurants, a Pizza Hut unit in capital Bucharest and a KFC unit in Calarasi, respectively.
Fondul Proprietatea (FP.RO) an issuer listed on the Bucharest Stock Exchange on Wednesday announced it would launch an accelerated bookbuilding offering of 1.7 billion ordinary shares held in OMV Petrom (SNP.RO), worth about RON800 million at the current trading prices.
The total demand for modern office space increased by 23% in 2021 to 263,000 square meters, compared to the same period in 2020, Colliers data shows.
The five-star JW Marriott hotel in Bucharest, managed by the Societatea Companiilor Hoteliere Grand, ended 2021 with revenue nearly half the level of 2019, 45% to be exact, hotel officials said without providing exact figures.
Stada Group, one of the largest pharmaceuticals companies in Germany, has announced an investment of EUR48.3 million in a pharmaceutical manufacturing plant that will be built in the Aries Industrial Park in Turda (Cluj-Napoca).
Bento – Intellectually Curious (BVB: BENTO), a Romanian entrepreneurial company specialized in developing and implementing software solutions and delivering IT and Cloud infrastructure services, on Wednesday announced the entry into its shareholding structure of Romanian entrepreneur Dragos Rosca after acquiring a 2.4% stake in the company.
British pharmaceutical group GlaxoSmithKline has sold its last factory in Romania, namely, the Ferrosan plant in Cluj-Napoca, to Hexagon Retail Properties, a privately held group involved in real estate and retail projects in Cluj-Napoca and Bucharest.
Paper manufacturer Pehart, controlled by private equity fund Abris Capital, is inaugurating a new production line at its factory in Sebeş, following an investment of EUR10 million.
Aquila Part Prod, the biggest player on Romania’s consumer goods distribution market, proposes its shareholders a share capital increase by RON150 million (representing issue premiums) from the current value of RON30 million to RON180 million.
The cumulative value of transactions with all types of financial instruments on the Regulated Market of the Bucharest Stock Exchange (BVB) exceeded, for the first time, the threshold of RON20 billion, the equivalent of over EUR4 billion, in 2021, BVB said in a stock market report on Wednesday.
Sortilemn Gherla, a major local supplier for IKEA group, controlled by Austrian Michael Brandhuver, in 2021 generated EUR37.2 million turnover, up 17% year-on-year, in line with company data.
Tiberiu Danetiu, marketing manager at Auchan Romania, said the company’s turnover rose year-on-year in 2021, with turnover generated by e-commerce doubling.
Romanian building materials producer Soceram is adding a new production unit to its portfolio.
Denmark’s Glerups, a producer of wool footwear, is expanding its production operations in Romania with a new hall and wants to hire 100 people in Aiud, Alba county, according to the representatives of Invest in Aiud, an association meant to promote investments in the city.
Mihai Marcu, CEO and chairman of private healthcare services provider MedLife, says the company’s 2022 investment budget stands at EUR100-120 million.19451 items