Found 18957 news
Romanian business software solutions provider Softelligence plans to expand its teams over the next six months in the cities of Bucharest and Craiova with 100 software experts specialized in .NET, Java and modern data management technologies, as well as software architects, data scientists, team leaders and project managers, company officials said in a statement.
Volt application targets over 150,000 users in 2022, 170% more than in 2021, after reaching over 40,000 unique accounts in the first ten months of 2021.
Swiss giant Nestlé has decided to appoint Silvia Sticlea to the position of Country Manager for Nestlé Romania, one of the largest players on the sweets, coffee and pet food market, starting January 2022.
Macromex, a food distribution business held by Romanian Dan Minulescu, expects a 15% higher turnover, of RON685 million, in 2021, and is launching a platform for its partners in the hospitality industry.
Agroserv Mariuta (MILK.RO), which owns the Laptaria cu Caimac brand, on Wednesday reported a turnover of RON52.7 million for the first nine months of 2021, up 46% on the year, and a net profit of RON3.4 million from a loss of RON2 million in the same period of 2020.
Private lending grew by 13.5% in nominal terms to RON316 billion in January-October 2021, compared to the same period in 2020, as local currency lending grew by 18% and foreign currency lending by 3.5% when expressed in lei, central bank data showed Wednesday.
Paper manufacturer Pehart, controlled by private equity fund Abris Capital, is considering producing green energy, as an alternative energy source, with the company carrying out a pre-feasibility study for the installation of a photovoltaic park and the production of green hydrogen through electrolysis.
Real estate developer Forty Management, run by Lucian Azoitei, for the first nine months of 2021 reported consolidated turnover worth RON109.4 million, up 76.3% from the same period of 2020, and net profit of RON36 million, up 56%.
One of the factors behind the record high electricity prices was the weaker renewable power production. The gap was covered by gas, coal and hydro-based power.
Solaris plants are located in Poland, but the company, one of the largest public transportation electric vehicle manufacturers, considers developing new production units and Romania is on the list of countries where this may happen.
Furniture producer Laguna Euromob of Vadu Izei, Maramures county, founded in 1994 by Mircea Adrian Oros, ended last year with RON60.6 million turnover, up 46.4% on the year, thus being among the 15 most dynamic companies in the industry.
Romania’s communications market regulator ANCOM on Tuesday announced the auction for the allocation of radio spectrum (5G) had been finalized and the two bidders - RCS&RDS and Invite Systems – were to pay the government more than EUR40 million.
Dan Sucu was appointed to the position of President of Concordia Employers’ Confederation, which represents over 2,000 companies in Romania.
A 0.5% stake in Banca Transilvania (TLV.RO) or about 33 million shares changed hands in the afternoon of Tuesday's trading session, in two transactions on the DEALS market of about RON81 million, data published on the bvb.ro site of Bucharest Stock Exchange show.
Farm machinery producer Maschio Gaspardo Romania, held by Italian companies Maschio Gaspardo SpA (a 75% stake) and by Finest SpA, (a 25% stake), has increased by 20% the production capacity at its farm machinery factory in Chisineu Cris (Arad County), in line with a press statement released by company representatives.
Romania’s Competition Council has approved a transaction whereby Luxembourg-based investment fund AMC Capital IV Group is acquiring the company Agrinatura, which controls multiple agriculture companies in Teleorman County.
Real estate consulting company Cushman & Wakefield Echinox consolidates its marketing and research team by appointing Cristina Lupascu for the position of PR & Research as Director.
IT company Cognizant Softvision, the local division of US Cognizant Group, has employed more than 1000 programmers in 2021, who can choose to work from the office, in the towns and cities in which the company has offices, to work from home, from anywhere in Romania, or to adopt the hybrid work model.
Romanian company ABN Systems International, owner of Tellur brand and an integrator and distributor of electronic equipment and telecom accessories, reported total revenue of RON78.7 million (EUR15.9 million) in the third quarter of 2021, up nearly 30% on the year, and a net profit of RON4.27 million (EUR850,000), up over 80% on the year.
Austria’s Uniqa Group, which owns in Romania a general insurance division (Uniqa Asigurări) and a life insurance division (Uniqa Asigurari de Viata) ended the first nine months of 2021 with gross underwritings of EUR78.2 million, under the IFRS, up 11.3% from the same period in 2020, while its total net profit stood at EUR3.8 million, up 18.7% on the year.18957 items