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Almost three quarters of Romanian business executives believe the country’s economy is bound to worsen in the coming period, per the latest Confidex survey carried out by Impetum Group.
Dr. Fischer Dental, which operates on the dental works market of Romania and is controlled by dr. Antoaneta Fischer, raised 5.13 million through a private placement, with the operation completed on the very first day.
Ensana Health Spa Hotels, which owns three hotels in Sovata resort of Mures county, wants to reach accommodation capacity of almost 1,000 beds in the next 3-5 years, with investments amounting to EUR20-25 million, according to the company’s representatives,
Romania registered the biggest growth in the number of newly-established companies in the EU in the third quarter of this year against the previous quarter, in line with Eurostat data.
Romania’s current situation, where wood is the main heating source is an opportunity to expand gas networks, say the representatives of Premier Energy, the third largest gas supplier for household clients.
Farmacia Ardealul, one of the strongest pharmacy brands regionally, will see a 7-8% increase in 2021 against 2020 on recent months’ rising sales in pharmacies, according to Ilie Echim, the company’s founder.
Romanian software development company Softbinator Technologies want to expand its physical presence in several US states, as well as to other states with a strong innovation scene, as the company has already opened an office in California, explained Daniel Ilinca, the company’s CEO and founder.
Greek toy retailer Jumbo, which has opened 14 stores in Romania since 2013, saw its revenues rise by 34% on the Romanian market in the first six months of 2021 against the year-earlier period, to EUR72 million (RON350 million), in line with the company’s financial report.
ZebraPay, the leader of the local ATM market, with over 6,000 SelfPay payment stations nationwide, has contracted a loan of EUR0.5 million from lender Banca Transilvania.
The European Bank for Reconstruction and Development (EBRD) has invested EUR10 million in a EUR48 million sustainability-linked bond issued by Autonom Services, a Romanian car leasing and rental company.
Nearly three-quarters (73%) of companies are concerned about the way labor and skills shortage will influence their business strategy within the next 12 months, slightly higher than the share of those which are concerned about the pandemic evolution, such as future COVID-19 variants (70%), according to the latest CEO survey conducted by Deloitte and Fortune magazine.
Finland’s Kone, a global leader in the elevator and escalator industry, has leased 1,230 square meters in the urban regeneration project West Business Campus located in the western part of capital city Bucharest.
Real estate developer One United Properties, one of the most dynamic real estate developers of housing, office and mixed projects in Bucharest, announced it sealed an agreement to buy the majority stake in Bucur Obor S.A., a company listed on the AeRO market of the Bucharest Stock Exchange.
AROBS Transilvania, a Romanian-held IT company controlled by entrepreneur Voicu Oprean, which last month announced its intention to list on the AeRO market of the Bucharest Stock Exchange (BSE), took over Berg Software, a local personalized software development and outsourcing company, with offices in Timisoara, Lugoj and Oradea.
Ignite Logistic, a Sibiu-based company, founded in 2014 by two young entrepreneurs, Ioan Stroia and Remus Deac, in 2020 hit RON35.6 million turnover, up 40% year-on-year, being one of the most dynamic firms in transportation, in line with ZF data.
Arctic Stream (AST.RO), a Romanian-held company, an integrator of IT infrastructure and security in Romania, signed contracts worth RON40.9 million (EUR8.1 million) in the past five months, three times the value of turnover the company registered in the first half of this year.
Agroland Business Systems (AG.RO), which operates a chain of farm and garden supplies stores, will carry out a capital increase operation through which 4.71 million new shares will be issued.
McDonald’s Romania, the largest restaurant chain on the local market, saw turnover go up by almost 40% in 1H/2021 to EUR110 million and should the pace be maintained, the company’s turnover is likely to near RON1.2 billion, a record high for the 25 years of local presence.
At the end of the first 9 months of 2021, Photon Energy had a project portfolio of around 218 MW under various stages of development in Romania, almost double the 117 MW capacity of early 2021, reflecting the frenzy of green energy activity Romania is witnessing.
Polirom publishing house, one of Romania’s largest, set up in 1995 and run by Silviu Lupescu, expects to reach RON30 million turnover by yearend, a level similar with that of 2019.18957 items