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Slatina-located cake producer Natural is continuing production investments with a EUR3 million stage, after finalizing a EUR15 million investment project and is also readying to enter new export markets, explained Elena Zoica, the company’s commercial manager.
QFort window producer Casa Noastra of Dolj county is set to finalize, in late October, the first stage of the state-backed investment it has underway in Pielesti locality, near Craiova.
Constanta-based agribusiness company Biochem, controlled by Constantin Chimisliu, has budgeted 12-15% higher turnover for 2021 amid rising market demand, according to the company’s officials.
One United Properties, one of Bucharest’s most dynamic developers of housing, office and mixed projects, bought a building in downtown Bucharest, near the Romanian Athenaeum, with the value of the deal standing at EUR4.9 million, plus VAT.
Renovatio Asset Management, a company with more than 1,000 MW in renewable energy projects in Romania and the local partner of Portugal’s EDPR, one of the major investors in the local green energy market, has secured the technical connection permit for a EUR40 million wind farm.
Businessman Octavian Radu, one of the best-known local entrepreneurs, has bought 75% in Vinexpert, a wine importer, wholesaler and retailer, which has a wine bar, a physical and an online store.
UK’s Kingfisher, which owns the Brico Depot DIY stores in Romania, saw its sales increase by 19.2% in the first half of 2021, compared with the year-ago period, as a result of the greater demand for home improvement products from consumers.
Romanian business software solutions provider Senior Software entered the shareholding structure of HR Sincron, by acquiring 30% of the latter’s shares.
Romania's finance ministry on Thursday raised 221.2 million lei (EUR44.6 million), higher by RON21.2 million than planned, selling a new issue of bonds maturing in April 2036, at an average yield of 4.33%, central bank data showed.
Badsi, a Nissan dealer controlled by the Badea family, has sold, via a sale & leaseback contract, the car center in Bucharest’s Pipera area, to Nusco Group within a transaction worth EUR2.5 million.
GTS Global Intelligence, a Romanian developer of software for the security industry, backed by Abris Capital Partners (Abris), has acquired Lummetry.AI, a Romanian artificial intelligence business founded by Andrei Damian - Chief Research Officer.
Dental clinic network Dent Estet, part of Medlife group, in the first six months of this year reached turnover worth RON46 million, 60% higher than in the first half of 2020.
Jerry’s Pizza, an operator on the delivery and take-away segment, expects its sales to grow 10% in 2021, after a 3.5% increase in 2020, and targets investments of almost EUR800,000 in expanding its pizza restaurant chain and upgrading some units.
Danish renewable energy company European Energy, which develops, finances, constructs and operates wind and solar farms as well as hydrogen facilities and storage capacities at a global level, has opened a subsidiary in Romania, in capital city Bucharest, which will be run by Ioannis Kalapodas.
KLG Europe launched Strongo, a home delivery service for outsized items. In Romania, KLG has nine hubs in the biggest cities.
Private lending grew by 12.8% in nominal terms to RON309.6 billion in January-August 2021, compared to the same period in 2020, as local currency lending grew by 17.5% and foreign currency lending by 2.7% when expressed in lei, central bank data showed Thursday.
Bega Turism, the biggest tourism company in Timis county, controlled by Cristescu brothers, plans to invest EUR8 million in a new hotel in Timisoara, according to the company’s officials.
Swiss-held Artemis, owner of five industrial parks near Timisoara, is building a third industrial hall in the 10.5-ha Sanandrei park.
Oradea City Hall and Bihor County Council are poised to set up an airline that will operate flights between Oradea and Bucharest, but also to other European cities, with the first flight scheduled for next March.
Moldavia currently has wind power projects worth around EUR650 million underway, according to ZF calculations based on Transelectrica data.18957 items