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Capital city of Bucharest registered 14,080 jobless people (of whom 7,497 women) at the end of November 2021, taking the unemployment rate to 1.15%, data from the Bucharest Municipal Employment Agency showed Monday.
Romanian regional investment fund SIF Transilvania (SIF3.RO) is summoning its shareholders on January 28, 2022 to vote on a decision aimed at changing its name to Transilvania Investments Alliance.
Romania's general consolidated budget posted a deficit of RON55.98 billion in January-November 2021, or 4.70% of the gross domestic product (GDP), lower than RON84 billion, or 7.94% of GDP, in the first eleven months of 2020, finance ministry data showed Monday.
Private lending grew by 14.6% in nominal terms to RON321.9 billion in November 2021 compared to November 2020, as local currency lending grew by 19% and foreign currency lending by 4.7% when expressed in lei, central bank data showed Monday.
A rising number of companies, not just from the tech field, are exporting their business model abroad, gaining new markets and strengthening their operations, acting as genuine “multinationals” of the East. Is this concept functional at present and can it be used in any field?
Adinish, one of the best known local businesses focused on the sale of children’s items, for 2022 plans to open showrooms, in a franchise system, in Timisoara, Iasi, Brasov and Constanta, strengthen its online foothold in Hungary and expand to the Republic of Moldova.
Nestle Romania, a major player on the confectionary, coffee and pet food market, wants to create 170 new jobs in the next 5-10 years on the local market.
Techtex, a company specializing in technical textile production, part of Taparo group, in 2021 completed a EUR5 million investment in its third production unit, a new plant near Baia Mare, according to the company’s officials.
Romanian regional investment fund SIF Transilvania has signed with lender Banca Comerciala Romana a revolving credit agreement for the amount of RON90 million, for a 12- month period, intended for the company’s investment activity.
Law firm Reff & Asociatii, member of the Deloitte Legal global network, has provided legal assistance to real estate developer Speedwell in acquiring a nine-hectare land plot in capital Bucharest, on the Griro platform, one of the biggest land plots available in the capital city.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, remains below the 3% threshold, ending the December 20-24 week at 2.98% on Friday (Dec 24).
Alro Slatina (ALR.RO), one of Europe’s largest vertically integrated aluminum producers, said in a stock market report on Friday that it completed the process of integrating the sales activity in the structure of Alro Group by finalizing the acquisition of the company Vimetco Trading SRL from its majority shareholder Vimetco PLC and its subsidiary Vimetco Management Romania.
Florin Serac, general manager of Turism Felix, which manages a holiday compound in Baile Felix resort, says the company will end 2021 with turnover worth around RON80 million, up 50% from 2020.
During the 2009-2020 period, companies operating in Romania’s private healthcare field saw their turnover grow fivefold, from RON2.3 billion in 2009, to RON11 billion last year.
Porcelain products manufacturer and Ikea supplier Apulum Alba Iulia, currently has 54 jobs available.
Shikun & Binui Energy, the energy investment arm of Shikun & Binui, the biggest Israeli real estate developer, will earmark as much as EUR50 million for one of the first large new photovoltaic projects in Romania.
Marian Andreev, one of the most discreet local entrepreneurs, is considering selling vegetable oil producer Prutul Galati after almost once decade since the last such talks, when he almost sealed a deal with Glencore, according to market sources.
Poland’s group CCC is bringing in Romania in 2022 the HalfPrice brand, which will operate on the fashion outlet segment, according to market sources.
The management team of law firm Tuca Zbarcea & Asociatii will be expanding with six Partners starting January 1, 2021, following recent decisions on internal promotions.
With 99,698 new vehicles sold until December 20, 2021, Dacia is at the top of sales to individuals in France in 2021, according to figures provided by Autoways, a company specializing in the car market, which said these figures would not change significantly until December 31.19451 items