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Luchi Georgescu, the entrepreneur owning cold cuts plant Meda Prod 98, a major player on the market, says she’s seeking solutions to cut electricity costs and wants to generate power from photovoltaic panels for at least 10% of the plant’s daily consumption.
The third clinic under Prevent umbrella is going to be opened in 2022.
Annabella Fabrica de Conserve Raureni, a company part of Annabella group owned by Mutu family of Valcea county, plans to take over Fabka Group, in line with information provided by the Competition Council, which cleared the deal.
Retailer Profi, held by buyout investor Mid Europa Partners, opened a total of 19 new stores in December, 18 of which were in the Loco format used in rural Romania.
Real estate investment trust Star Residence Invest (REIT.RO) said in a stock market report on Tuesday that it completed the share capital increase operation through cash contribution by exerting preferential rights, managing to attract RON5.7 million.
The latest initial public offering in Bucharest in 2021, which started on December 15 and was scheduled to close on December 29 went through some changes, the most important of which being the successful closing condition.
Allianz-Tiriac has received approval from the Financial Supervisory Authority (ASF) to become a significant direct shareholder of Gothaer Asigurari, ASF officials said.
Lender Banca Transilvania has revised Romania’s economic growth forecast to 6.2% in 2021, 5.2% in 2022 and 4.9% in 2023, respectively, in line with updated macroeconomic forecasts.
Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO) on Tuesday said it reimbursed its debts to several lenders among which EximBank, Banca Transilvania and Intesa Sanpaolo Bank Romania, by means of a financing facility in the amount of EUR23 million contracted in March 2021.
Romanian business managers expect robust price growth in the construction and retail trade sectors for the December 2021-February 2022 period in parallel with a slight decrease in the number of employees in constructions and an increase in staff numbers in retail trade, a survey by the country’s statistics board INS showed Tuesday.
ROCA Investments carried out a capital increase at RDF and became the majority stakeholder in the company, a major grain trader of Banat, founded by Florin Deznan.
Over 15,000 new companies operating in the fields of agriculture, forestry and fishing were set up during January-November 2021, 280% more than in the same period of last year, in line with Trade Registry data.
Rondocarton, part of the Austrian group Rondo Ganahl, one of the largest corrugated cardboard producers, which operates three packaging plants on the local market, plans to develop a vertical warehouse in Targoviste, an investment estimated at EUR10 million.
Theta Furniture&More, one of the largest players in the interior design and custom furniture market in Romania, is also considering growth through acquisitions.
Aluminum smelter Alro Slatina (ALR.RO), the largest consumer of electricity in Romania, announced on the Bucharest Stock Exchange on December 27, 2021, that its aluminum production would decrease from five electrolysis plants to two plants due to high power prices.
Booking Holdings Romania, a company established in July 2021 by Booking Holdings, has received a capital increase of RON22 million ($5 million) from its sole shareholder, according to Trade Register data.
The Bucharest Stock Exchange on Monday said that MV Green Power Export, a producer of photovoltaic electricity, will be listing this year its second bond issue on the Multilateral Trading System (MTS), on Tuesday (December 28).
Investment fund CEECAT Capital carried out a new transaction on the Romanian market after buying the majority stake in Cluj-based company Modulo Decorative Solutions specialized in the production of decorative stone cladding solutions.
Net revenue from the value added tax grew by 36.2% to RON72.79 million in January-November 2021 compared to the same period in 2020, holding a 6.1% share in gross domestic product (GDP), in line with the budget execution released by the finance ministry on Monday.
Romania's unemployment rate stood at 2.72% at end-November 2021, lower by 0.04 percentage points than in October 2021 and by 0.60 percentage points than the rate recorded in November 2020, data from the country’s employment agency ANOFM showed Monday.19451 items