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Heineken Romania appointed Gheorghe Andresz to the position of Sales Director starting January 1, 2022.
PepsiCo, the second largest player on the Romanian soft drinks market, has included in its Romanian snacks portfolio the Cheetos corn puff brand that is present in over 40 countries.
Law firm Filip & Company has assisted Tiriac Group in the sale of Tiriac Leasing to Banca Transilvania.
Romelectro, Romania’s largest energy project contractor, on Monday said it filed for insolvency proceedings in Bucharest Court on Friday (January 14).
Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO), in judicial reorganization, said in a stock market report on Monday that its production units resumed their activity.
One United Properties (ONE.RO), a developer of premium real estate projects in Romania, announced on Monday in a stock market report the handover of One Cotroceni Park Office Phase I, a commercial and office development located in capital Bucharest.
Chimcomplex Borzesti, a company present on the Romanian capital market since November 1996, debuted on Monday (January 17) on the Main Market of the Bucharest Stock Exchange under the stock ticker CRC, as a result of the transfer from the AeRO market.
Romanian carmaker Automobile Dacia, owned by French group Renault, saw a 3.1% increase in its worldwide sales up to 537,095 vehicles in 2021 against the backdrop of a stable market but significantly affected by the sanitary crisis and the car chip shortage.
Mail Boxes Romania, a supplier of integrated courier and logistic services, active on the local market since 2019, aims to reach EUR1 million revenues in 2022 and 100 agencies by 2030.
Kuma Romania, a producer of washbasins, countertops and furniture for bathroom and kitchen, ended 2021 with turnover of almost EUR7 million, up 7% on the previous year.
Electroglobal Cluj, a supplier of electrical solutions and equipment for industrial automation and lighting systems, controlled by Radu Ciorba jointly with Maksay Csaba, ended 2021 with 25% higher turnover, at RON138 million (EUR28 million), in line with ZF calculations based on company data.
HCL Online Advertising S.R.L, which operates Tazz by eMag business, in 2020 generated RON14.3 million turnover, up 872% on the year, with the delivery platform likely to see its turnover double, to around RON170 million, in line with ZF calculations based on company data.
Rin Grand Hotel, the hotel of southern Bucharest, a EUR60 million investments, which stirred controversies at its launch in 2017, when the “biggest hotel of Europe” was announced, closed down for tourists and will be entirely converted into apartments.
Dolj-based Windows maker Casa Noastra, owned by Stedan Cherciu, in 2021 had the best year in its history in terms of turnover and business performance.
Alexandrion Group, Romania's largest producer and distributor of spirits and wine, has appointed Nicholas S. Kass, a foreign policy expert, as Executive Director for International Corporate Affairs, a newly created position within the group to lobby governments and other policy makers.
Nordis Group, a developer of hotel and residential complexes, announced on Friday that apartment sales last year amounted to RON400 million and the most expensive unit was a RON2.5 million penthouse in the seaside resort of Mamaia.
Banca Transilvania, Romania's largest bank, has signed an agreement to acquire Tiriac Leasing, owned by the Tiriac Group, and the deal should be completed in the first part of this year, after review and approval by the relevant authority.
BRD-SocGen, the third largest lender in Romania and one of the most traded shares on the Bucharest Stock Exchange is calling shareholders to an ordinary general meeting on February 24, 2022, to decide, among others, about distribution of RON1.68 billion as dividends from the 2019 and 2020 retained profits, the lender announced.
Hidroelectrica, Romania’s biggest power producer, saw its valuation soar by 66% in the year Romania witnessed record high energy prices, from RON25.6 billion to RON42.6 billion in December 2021, an enviable performance even for some of the companies listed on the Bucharest Stock Exchange.
Cristian Dumitrescu, general manager of Alexandria-based Time International, says he hopes the company gets to sell 50 million masks this year and generate profit of about EUR300,000”.20085 items