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Laura Teposu, CEO of Libris, a major player on Romania’s book market, says it’s very hard at this moment to budget for a construction amid soaring raw material prices. Her statement comes as Libris wants to build a new 5,000-sqm book warehouse, similar with the existing one.
Raul Ciurtin, founder of Prefera Foods, a major player on Romania’s canned food market, plans to bolster the value of exports, now weighing 4% in turnover, to 30% of total revenues.
ABN Systems International, an entrepreneurial company that distributes IT&C products and accessories and owns the Tellur brand, has raised RON5.5 million from investors through an IPO, the first on the AeRO market, which started on December 15, 2021 and closed on January 4, 2022.
The year 2022 will bring only 138,000 square meters of office space to Bucharest’s office space market, almost half the volumes of 2021, as developers slowed down due to the pandemic.
France’s multinational, multifaceted, marketing and communications giant Publicis Group has acquired Bucharest-based Tremend, one of the largest independent software engineering companies in the region of Central and Eastern Europe.
One United Properties (ONE.RO), a real estate developer of premium residential projects in Romania, benefits from the Issuer Market Maker (IMM) services provided by Raiffeisen Centrobank starting January 3, 2022.
Real estate developer Hagag Development Europe established the company Hagag Privighetorilor 35 at end-2021, per data released on Friday (Dec 31, 2021), and is looking at buying a plot of land of over 18,000 square meters in northern Bucharest.
China-held Oppo, one of the world’s biggest players on the smartphone market, which officially entered Romania in mid-2020, at the end of 2021 saw its sales triple against the first month of the same year.
Romanian National Air Transport Company Tarom last year generated revenues worth RON958 million, up almost 170% against 2020, in line with the adjusted revenues and expenditures budgeted published in the Official Gazette in December 31, 2021.
Aqua Aurum Distribution, the company managing mineral water brand Aur’a Mineral Water, in 2021 posted turnover worth above RON1 million, down 6% on the year.
2022 is expected to be the year Romania’s modern retail will witness the quickest expansion so far, with over 500 new units and investments of at least EUR1 billion.
Bookstore chain Diverta, which entered insolvency at its own request in mid-2021 amid the pandemic, has a restructuring plan made up of three main directions.
Sebastian Bobu, executive manager of paving stone manufacturer Symmetrica, estimates the company ended 2021 with a 10% turnover increase against 2020, when it reported RON162.2 revenues and profit worth RON17.1 million.
The Board of Directors of the Romanian National Air Transport Company Tarom has decided to change the CEO, so Catalin Radu Prunariu will be replaced by Mihaita Ursu, who returns to the helm of the company.
The Board of Directors of Impact Developer & Contractor (IMP.RO), a real estate developer controlled by entrepreneur Gheorghe Iaciu, has decided to increase its share capital through a private placement on the stock exchange, offering for subscription a maximum of 350 million shares at a price of RON0.7 per unit.
Catalin Samara, chief operating officer and e-commerce director, as well as executive board member of Carrefour Romania, on Monday became director of Bringo International, in charge with overseeing the international operations of the personal shopping and delivery service.
Romanians in 2021 spent around EYR4.5 billion on refrigerators, TV sets, IT products, office staples or vacuum cleaners, with the market further witnessing sustained growth in the second pandemic year as people spent more time at home and invested in their own homes.
Mondelez International wound up the acquisition of Chipita Global, one of the biggest producers of croissants and baked snacks in Central and Eastern Europe, a $2 billion deal. Amid the deal, Mondelez and Chipita will create the first RON1 billion company in Romania’s confectionery industry.
Florin Enache, founder of jewelry chain Teilor, which has reached a network of around 60 stores on four markets of Central and Eastern Europe, believes foreign expansion is undoubtedly a winning move.
Mircea Turdean, general manager of Farmec Cluj, the biggest local producer of cosmetics, expects the company’s turnover to return into the black this year after a several percentage drop in 2021 and profit to be similar with the level of 2020, the company’s best year.20085 items