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Apemin Zizin, a natural mineral water producer of Brasov county, in 2020 generated net profit worth above RON6 million (EUR1.2 million), up 24% year-on-year.
Despite the turmoil brought on by the COVID-19 pandemic, family-owned enterprises have managed to stay resilient. The world’s largest 500 family businesses generated US$7.28 trillion in revenues, employing 24.1 million people across 45 jurisdictions, per an EY survey, which shows how the largest family-owned businesses responded to the recent turbulence in the global economy.
Financial analysts expect the Romanian leu will depreciate to over 5.0261 units to the euro in the next 12 months, while inflation is seen averaging 4.38% during the same period, a monthly poll by CFA Romania showed Monday.
French group Kering, with luxury brands such as Gucci, Saint Laurent or Balenciaga in its portfolio, controls a shoemaker in Baia Mare with over 650 employees. The plant, founded two decades ago, reached a turnover of almost EUR20 million in 2020, being Romania’s eighth biggest footwear maker.
Jewelry chain Teilor, controlled by entrepreneur Florin Enache, is readying to list on the Bucharest Stock Exchange through a bond issue, in line with ZF data.
Logistics operator DB Schenker Romania intends to bolster volumes handled in Romania's seaport of Constanta. The DB Schenker platform of the port of Constanta is transited by around 900,000 tons annually. Over the past three years, volumes have seen an upward trend, with annual growths of 5% to 10%.
The 20 largest companies on Romania’s private specialized healthcare market reported total turnover of around RON3.3 billion last year, up 16% year-on-year, and had 12,000 employees. The market included 7,951 firms with total turnover of around RON7.2 billion and 32,500 employees.
Skiptrans, part of Jost Group, an international carrier located in Luxembourg and Belgium, in 2020 generated net profit worth RON29.8 million (EUR6.2 million), 84% higher than in 2019.
Cristian Rada, Blue Air stakeholder, invests in a new airline called Hello Jets, but the new business line with provide services that are complementary to those of the already existent low cost carrier, says Oana Petrescu, Blue Air CEO.
Metal roofing tile producer Brachotrapez, owned by the Polish group of the same name, is going to create 20 jobs in the wake of state-backed investments in a new plant in Baia Mare.
Luminita Runcan was elected President of the Financial Markets Association (ACI FMA), at a meeting held on September 23.
Companies expect salary increases of 5% in 2021 and 2022, with the biggest pay rises being expected in the retail sector and the carmaking industry, and going into health and life insurance under the form of benefits granted to employees, per a survey by Mercer Marsh Benefits.
Digi Communications (SNN.RO) has summoned its shareholders for November 4, 2021 in order to designate KPMG as the company’s new statutory auditor for the 2021 financial year, per the summoning note published on the stock market.
Luxembourg-based private investment fund AMC Capital IV Scsp is acquiring Romanian companies Agrinatura, Silosud, Agrifarm Aliprod, Agroservice Piatra, Independenta G&T Prest, Agrinatura Serv, Agronica and Agritac, active on the grain and oleaginous seed growing market in southern Romania.
Datanet Systems, an integrator of complex IT&C solutions and systems and a member of Slovak Soitron Group, has bought the majority stake in the company Red Dot based in Cluj-Napoca, and plans to develop its operations in Romania’s central region of Transylvania.
Romanian startup Comarket, which developed a B2B market-place for companies in the hospitality industry, has attracted a new financing, in the amount of EUR150,000, and is in talks for an additional investment of EUR150,000.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, grew to 1.65% a year on Friday (Sept 24), after stagnating at the 1.61% threshold for seven sessions.
The average net salary in Romania increased by 7.7% to 3,217 lei (EUR650) in 2020 compared with 2019, data from the country's statistics board showed Friday.
The Romanian government in the first half of 2021 approved state aid for 20 projects set to create 2,000 jobs. The total value of 2021 projects nears EUR300 million, while overall state aid tops EUR120 million. Thus, the government provides 40% of total needed money, with various weights along investments.
With almost EUR90 million earmarked for investments, MedLife, leader of Romania’s private healthcare services market, will go beyond the EUR300 million threshold in terms of turnover this year.18957 items