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“We estimate CRC group (Chimcomplex is part of i.e.) will go beyond the first billion euro in terms of commodity production in just three years and turnover will reach EUR10 billion only vertically, by the end of the decade,” says Stefan Vuza, chairm and majority stakeholder in Chimcomplex.
Portico Investments, a commercial property management company, has reached a portfolio of 20 properties in Romania in its 17 years of local presence. In each of the last two years, marked by the COVID-19 pandemic, the company bought two such premises.
Restart Energy, one of the largest independent energy suppliers on the Romanian market, on Monday announced the signing of the connection contract for the 50 MW solar energy project in Sarmasag (Salaj County), an investment estimated at almost EUR40 million.
InnovX-BCR, the technology business accelerator program, has selected seven companies from Romania, Moldova, Spain and Slovakia out of eleven startups that entered the bootcamp between November 1, and December 16, 2021.
Romania's finance ministry on Monday raised RON1.2 billion selling bonds maturing in 2027 and 2034, at annual average yields of 5.09% and 5.51%, respectively.
Automotive safety systems manufacturer Autoliv approved the start of a RON165 million (approximately EUR55 million) investment in its Lugoj plant in Romania in 2021, where 300 new jobs will be created.
Heineken Romania appointed Gheorghe Andresz to the position of Sales Director starting January 1, 2022.
PepsiCo, the second largest player on the Romanian soft drinks market, has included in its Romanian snacks portfolio the Cheetos corn puff brand that is present in over 40 countries.
Law firm Filip & Company has assisted Tiriac Group in the sale of Tiriac Leasing to Banca Transilvania.
Romelectro, Romania’s largest energy project contractor, on Monday said it filed for insolvency proceedings in Bucharest Court on Friday (January 14).
Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO), in judicial reorganization, said in a stock market report on Monday that its production units resumed their activity.
One United Properties (ONE.RO), a developer of premium real estate projects in Romania, announced on Monday in a stock market report the handover of One Cotroceni Park Office Phase I, a commercial and office development located in capital Bucharest.
Chimcomplex Borzesti, a company present on the Romanian capital market since November 1996, debuted on Monday (January 17) on the Main Market of the Bucharest Stock Exchange under the stock ticker CRC, as a result of the transfer from the AeRO market.
Romanian carmaker Automobile Dacia, owned by French group Renault, saw a 3.1% increase in its worldwide sales up to 537,095 vehicles in 2021 against the backdrop of a stable market but significantly affected by the sanitary crisis and the car chip shortage.
Mail Boxes Romania, a supplier of integrated courier and logistic services, active on the local market since 2019, aims to reach EUR1 million revenues in 2022 and 100 agencies by 2030.
Kuma Romania, a producer of washbasins, countertops and furniture for bathroom and kitchen, ended 2021 with turnover of almost EUR7 million, up 7% on the previous year.
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.19451 items