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The Romanian subsidiary of US giant Microsoft, a major global provider of IT equipment, applications and services reached over 1,000 employees and turnover worth RON467.4 million in 2020 (accounting for just half of the company’s fiscal year), up 9% year-on-year, and aims to continue tech and digitalization projects and initiatives.
Morphosis Capital, a private equity fund with EUR50 million capital subscribed in Romanian SMEs, has taken over 51% in EMI, a player on the industrial access system market.
The National Union of Insolvency Practitioners in Romania (UNPIR) has elected Niculae Balan for a new term as president, for a four-year period.
Meta Estate Trust, a company operating on the Romanian real estate market, seeks to raise RON35.9 million from investors on the Bucharest Stock Exchange through a private placement expected to be carried out in the second half of November 2021.
AmCham Romania said in a statement that Romania’s National Recovery and Resilience Plan (NPRR), approved by the European Commission and one of the few projects that enjoys cross-party support in Bucharest, has the potential to become a new T 0 for Romania, provided its implementation is prioritized at all levels of the administration and managed responsibly, coherently and professionally.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continued its growth and jumped to 1.74% a year on Wednesday (Sept 29), from 1.69% a year on Tuesday (Sept 28).
Romanian software development company Softbinator Technologies (CODE.RO) has raised RON6 million financing through a private placement for a package of shares representing 10% of the company’s share capital and the funds will be used to open offices in the US and Israel and for acquisitions.
Local company ABN Systems International, the holder of the Tellur brand and an integrator and distributor of electronic equipment and telecom accessories, registered net profit worth RON2.4 million (EUR480,000) in the first six months of 2021, over eight times higher than the level reported in the similar period of last year.
Retailer Altex, Romania's leading electronics retailer held by businessman Dan Ostahie, will be opening an electro-IT hypermarket on Thursday, in capital Bucharest, following an investment of over EUR5 million.
Romanian Stefan Mandachi, the owner of the Spartan restaurant chain, which has over 60 units, said the group he coordinates is in full expansion and in search of locations to open new restaurants, and of new franchised partners, in Romania and abroad, to help continue the development of the business.
Real estate developer Element Industrial, controlled by entrepreneur Ionut Dumitrescu, embarked on a new project in eastern Romania, ELI Park Braila, an over EUR25 million investment.
Herbal and tincture producer PlantExtrakt, which started its activity in Cluj county right after the Revolution, in 1991, as a Romanian-German business, expects revenues of RON24 million this year from the same of homeopathic drugs and raw materials for homeopathy and phytotherapy in Romania and another 20 countries.
Nestle Romania business, entirely operated on a single legal entity, reached RON933 million in 2020, RON3 million above the pre-pandemic level.
This summer was the best for Romanian seaside hotel owners, so that the number of tourists and the level of receipts topped those of 2019, the year with the best results for companies managing seaside hotels.
Innobyte, a leading player on the Romanian e-commerce market, recently acquired by solutions provider Life is Hard, aims to boost turnover by around 15% this year from 2020, thus getting beyond the EUR2 million threshold.
Rompetrol Rafinare, member company of the KMG International Group, has completed most of the turnaround of the production units on the Petromidia platform and is conducting the last technical checks in order to restart the production activity in conditions of maximum safety, per a stock market report released Tuesday.
The Bucharest Stock Exchange will launch three new indices, respectively BET AeRO, BET-TRN and BET-XT-TRN, on October 11, 2021.
E-Distributie Muntenia, E-Distributie Dobrogea and E-Distributie Banat, the electricity distribution companies in Romania of Italian utility group Enel Group, will be investing RON880 million in 2021 in upgrading, digitizing and expanding the power grid in capital Bucharest and in the ten Romanian counties where they operate.
German fashion group Anson’s, active on the market of large multibrand-type stores market, is readying to open its first unit in Romania, which will be located within the Sun Plaza shopping mall in capital Bucharest.
TeraPlast shares have been included by the Vienna Stock Exchange in the CECE MID CAP index, part of the regional CECExt (CECE Extended Index) indices family, starting September 2021. Thus, TeraPlast shares' visibility increases at regional level, the company said in a stock market report Tuesday.18957 items