Found 20085 news
The total demand for modern office space increased by 23% in 2021 to 263,000 square meters, compared to the same period in 2020, Colliers data shows.
The five-star JW Marriott hotel in Bucharest, managed by the Societatea Companiilor Hoteliere Grand, ended 2021 with revenue nearly half the level of 2019, 45% to be exact, hotel officials said without providing exact figures.
Stada Group, one of the largest pharmaceuticals companies in Germany, has announced an investment of EUR48.3 million in a pharmaceutical manufacturing plant that will be built in the Aries Industrial Park in Turda (Cluj-Napoca).
Bento – Intellectually Curious (BVB: BENTO), a Romanian entrepreneurial company specialized in developing and implementing software solutions and delivering IT and Cloud infrastructure services, on Wednesday announced the entry into its shareholding structure of Romanian entrepreneur Dragos Rosca after acquiring a 2.4% stake in the company.
British pharmaceutical group GlaxoSmithKline has sold its last factory in Romania, namely, the Ferrosan plant in Cluj-Napoca, to Hexagon Retail Properties, a privately held group involved in real estate and retail projects in Cluj-Napoca and Bucharest.
Paper manufacturer Pehart, controlled by private equity fund Abris Capital, is inaugurating a new production line at its factory in Sebeş, following an investment of EUR10 million.
Aquila Part Prod, the biggest player on Romania’s consumer goods distribution market, proposes its shareholders a share capital increase by RON150 million (representing issue premiums) from the current value of RON30 million to RON180 million.
The cumulative value of transactions with all types of financial instruments on the Regulated Market of the Bucharest Stock Exchange (BVB) exceeded, for the first time, the threshold of RON20 billion, the equivalent of over EUR4 billion, in 2021, BVB said in a stock market report on Wednesday.
Sortilemn Gherla, a major local supplier for IKEA group, controlled by Austrian Michael Brandhuver, in 2021 generated EUR37.2 million turnover, up 17% year-on-year, in line with company data.
Tiberiu Danetiu, marketing manager at Auchan Romania, said the company’s turnover rose year-on-year in 2021, with turnover generated by e-commerce doubling.
Romanian building materials producer Soceram is adding a new production unit to its portfolio.
Denmark’s Glerups, a producer of wool footwear, is expanding its production operations in Romania with a new hall and wants to hire 100 people in Aiud, Alba county, according to the representatives of Invest in Aiud, an association meant to promote investments in the city.
Mihai Marcu, CEO and chairman of private healthcare services provider MedLife, says the company’s 2022 investment budget stands at EUR100-120 million.
Austria’s HS Timber Group (the former Holzindustrie Schweighofer) will shut down the solid wood panel plant of Siret and the timber plant of Radauti at end-March, with 600 employees due to be affected.
Bringo Magazin, which operates the Bringo delivery platform, posted almost EUR10 million (RON47 million) revenue in 2020 (the last year with publicly available data).
Romania’s Competition Council said it was looking into a transaction whereby Poland's Unilink had joined the shareholding structure of Safety Broker in December 2021, the main insurance broker on the Romanian market.
Real estate consulting firm JLL has announced a new addition to the local team of Tétris Romania by recruiting Vlad Stanislav as Managing Director.
Romania's competition authority said it has approved the takeover of local healthcare services provider Life Line - Medical Center by Centrul Medical Unirea (CMU).
SAI Patria Asset Management, a company of Patria Bank Group, ended 2021 with total assets managed of RON102.6 million, up 117% compared to the end of 2020, and launched a trading platform that allows clients online access to investment funds.20085 items