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Startup Druid, founded in 2018 by local entrepreneur Liviu Dragan, on Thursday announced a fivefold increase in the monthly recurring revenue and $2.3 million annual recurring revenue at end-September 2021, amid demand on the market of Conversational Artificial Intelligence products.
Cigarette producer BAT contributed RON7.8 billion to Romania’s state budget in the first nine months of 2021, 13% more than in the year-earlier period.
Belgium-held logistic space developer WDP, one of Romania’s most dynamic investors on this market, bought a land plot of more than 60,000 square meters in Timisoara (western Romania) for a future development.
Cattle farm Agroindaf Afumati reached turnover worth RON6.7 million in 2020, slightly higher than in 2019, and net profit of RON860,000, almost half the 2019 level, in line with Finance Ministry data.
Ionut Dumitrescu, founder of Element Industrial, and Sacha Dragic, founder of Superbet, will seal a partnership to develop the ELI Parks logistics park network . Also involved is Anca Damour, former Carrefour executive board member, with a 19-year experience in the real estate and retail sectors.
Do-it-yourself retailer Dedeman, the biggest Romanian entrepreneurial company by turnover, leads in the ranking of Southeastern Europe profits, with a net gain of almost EUR300 million in 2020, shows SEE Top 100 ranking by Seenews, a Sofia-based business news provider.
Romania ranks fifth among European Union Member States regarding the annual inflation rate, with consumer prices increasing by 5.2% in September 2021 compared to September 2020, based on the Harmonized Index of Consumer Prices (HICP), according to Eurostat data.
Hungarian low-cost airline Wizz Air carried just 3 million passengers across the entire network during the April-June 2021 period, but despite an increase compared to the same period in 2020, the load factor is below the 2019 level.
Agricost, the largest grain and oilseeds farm in Romania by cultivated land, located in the Great Braila Island, has opened in 2021 the third alfalfa processing plant. The project of the construction from scratch of the three factories rose to EUR65 million.
Law firm Wolf Theiss has provided legal assistance to lender Banca Comerciala Romana (BCR) for the latter’s first issuance of senior preferential green bonds worth RON500 million, based on BCR’s Multi Issuer EMTN program.
Romania's nuclear power producer Nuclearelectrica (SNN.RO) said in a stock market report Wednesday that it concluded with Societatea Enel Energie Muntenia an annex to a contract which stipulates the wholesale energy sale in the amount of RON249.5 million between January 1, 2021 and December 31, 2022.
British American Tobacco (BAT) announced that it had signed up to the United Nations-backed Race to Zero campaign, committing to net zero emissions by 2050.
Startup Smart Fintech, launched two years ago by Mihaela Georgescu, Ana Maria Georgescu, Alexandru Cociu and Andrei Dumitru, marks a new premiere in Romania, becoming the first third-party provider (TPP) licensed on both open banking segments.
Medical operator Medima Health, specialized in medical imaging and radiology, ends its first year of activity on the Romanian market with six operational clinics across the country, following investments of over EUR7 million.
Nuclearelectrica (SNN.RO), the only nuclear energy producer in Romania, is the first Romanian company to join the World Economic Forum as a member in two strategic areas: Platform for Shaping the Future of Energy Materials and Infrastructure and the Partnering Against Corruption Initiative.
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, continued its upward trend on Wednesday (October 20) and reached 2.25% a year, after stagnating at 1.20%-1.21% a year for five days, per central bank data.
Craiova-based Softronic, Eastern Europe’s only factory producing electric frames and locomotives, delivered four electric locomotives to Sweden’s rail freight carrier Green Cargo and expects reception for two other electric locomotives in the same country, Radu Zlatian, the company’s development-research manager, told ZF.
Agricultural cooperative Nucul de Aur, based in Suceava and made up of 20 fruit and vegetable producers of Suceava, Iasi, Botosani and Vaslui counties, has finalized RON5.8 million investments in a dehydrated fruit plant funded from EU funds and a banking loan.
Parmalat Romania, the producer of Santal fruit beverages, part of French group Lactalis, in 2020 generated turnover worth RON51.4 million (EUR10.7 million), down 13% year-on-year, in line with ZF calculations based on Finance Ministry data.
Bento-Intellectually Curious, a Romanian entrepreneurial company specialized in developing and implementing software solutions and providing IT and Cloud infrastructure services, intends to list its stock on the AeRo market of the Bucharest Stock Exchange by yearend.18957 items