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Online home deco retailer Bonami, part of Czech group Miton, in the first half of this year registered a 10% sales increase in Romania against the same period of 2020 and the company is now readying for the holiday period for which it expects sales of around EUR4 million.
Parcel delivery company Cargus expects the revenue to be the same as last year, one of the best for the local parcel delivery industry. However, the coming period could have a significant impact on the final results, considering the busiest time of the year for such companies is just around the corner.
The opening of more and more infrastructure construction sites has led to builders buying specialized trucks for them and the segment drove up the heavy vehicle market, especially after a 2020 that affected transport truck sales worldwide.
The board of directors of chemical industry company Chimcomplex (CHOB.RO) has approved calling an Extraordinary General Meeting of Shareholders for November 26 to seek approval for raising the maximum share buyback price from RON15 to RON30, a report sent to the Bucharest Stock Exchange on Tuesday says.
Synaptiq, a Romanian startup based in Cluj-Napoca that increases the performance of healthcare services by developing AI-based solutions for delineating tumors and organs at risk, closes a EUR250,000 funding round with the participation of investment fund GapMinder VC through business accelerator Techcelerator, Cleverage VC and angel investors – entrepreneurs Daniel and Ioan Istrate.
ING Bank Romania granted a loan of EUR15.5 million to Romanian company Gersim Impex, a wholesaler of mobile phones and tablets in Romania, which will use the funds for working capital.
Sarmis Capital, the largest private equity fund dedicated to Romania and neighboring countries, has acquired a significant majority stake in Corporate Office Solutions (COS), the leading integrated office fit-out services provider in Romania, for an undisclosed amount.
TechAngels, the local group of private investors supporting tech startups in Romania and the region, invested over EUR5.8 million in the first nine months of this year in tech startups, with EUR2.8 million in 3Q.
This year’s grape production is 10-15% higher than in 2020 and goes beyond 1 million tons, a record high quantity reached only in 2017 and 2018.
The EUR245,000 investment roofing manufacturer Wetterbest made to install a photovoltaic station on the roof of its Baicoi plant was a profitable one for the Prahova-based company and it plans further sustainability investments.
Retail and wholesale trade reached RON583 billion last year, down from RON595 billion in 2019, the last pre-pandemic year. Despite the health crisis turned into an economic crisis, 2020 was the second best year for the sector, with the overall turnover being double the 2009 level, the first year of the previous financial crisis, in line with Trade Registry data.
Super Eggs (Braila), which is part of Italy’s Eurovo group and specializes in production and sale of fresh, powdered and pasteurized eggs, posted RON35.7 million (EUR7.4 million) revenue in 2020, a decline of 41.6% from the RON61.2 million (some EUR13 million), ZF has calculated from Finance Ministry data.
Decathlon, the leading sporting goods retailer in Romania, budgeted growth 20% in sales for this year, which means more than RON1 billion for the first time, ZF has calculated.
Parcel delivery company Dynamic Parcel Distribution (DPD), one of the largest such companies in Romania, budgeted growth of 20% year-on-year in 2021 and so far it has met its target. However, the busiest time of the year is about to begin, when volumes will significantly increase during the Black Friday and winter holidays, which could lead to an even higher growth than initially expected.
The seven Pillar II (mandatory) private pension funds in Romania, which hold significant stakes in the companies listed on the Bucharest Stock Exchange, had RON87 billion assets at the end of September 2021, an increase of RON12 billion on the end of 2020, the latest Financial Supervisory Authority (ASF) data show.
Individual investor Behboud Madadi acquired a total 12.3 million shares of regional investment fund SIF Muntenia (SIF4.RO), between September 29 and October 12, 2021, paying RON19.7 million. Thus, Behboud Madadi reached an ownership stake of 6.13% upon the finalization of the offering.
Romania's finance ministry on Monday raised RON300 million (EUR60.6 million) selling bonds maturing in February 2029 at an average yield of 4.85%, central bank data showed.
Banca Comerciala Romana (BCR) is listing on October 19 its first green bonds worth RON500 million on the Main Market of the Bucharest Stock Exchange, under the stock exchange symbol BCR28A.
Brillio, a company focused on digital technologies and big data analytics, has appointed Dragos Stoica to the position of Country Manager and announces the start of a strong expansion process in Romania.
Appraisal & Valuation (APP.RO), a company providing appraisal, consulting and real estate development services, will assess over 1000 assets of Romania’s state-run hydropower producer Hidroelectrica, after winning a three-year contract following a public tender.18957 items