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U.S. company SonicWall, a global provider of network security, content security, web and email security, secure remote access, and business continuity solutions, has started a project aimed at developing a technical support center in Romania, which is set to have 50 employees.
West Gate Studios, Bucharest’s largest private campus, saw demand go up by 15% before the start of the new university year, with the occupancy rate is seen rebounding in the coming period to 2019 levels.
The 15 finalists of the fourth edition of the Made in Romania program, developed by the Bucharest Stock Exchange, were announced and awarded on Thursday, September 16, 2021.
Romania's seasonally adjusted unemployment rate reached 5.1% in the second quarter of 2021, lower by one percentage point compared to the level reported in the previous quarter, data from the country's statistics board INS showed Friday.
Adrian Cocan, founder of Agroserv Mariuta, the company owning the Laptaria cu Caimac brand, with RON49 million turnover in 2020 and around 200 employees, says he plans to take his products to Germany, Austria, Switzerland, Benelux.
After posting two-digit growth and supporting the Romanian economy in 2020, constructions slid in July 2021, by 2.4% year-on-year. The 6.7% infrastructure decline and the 19% decrease of non-housing activity drove the field down, in line with National Statistics Institute data.
Iulian Nedea, CEO and one of the three founder of Simtel Team (SMTL.RO), says the General Shareholder Assembly will be convened soon to approve a capital increase meant to fund development projects and expansion in cities such as Cluj or Timisara, but also in countries such as Moldova, Bulgaria or Ukraine.
Car parts maker Lear Corporation Romania, the domestic arm of US concern Lear Corporation, in 2020 derived turnover worth RON1.156 billion (EUR240 million), down 15% year-on-year.
Romania’s largest energy producers, Hidroelectrica and Nuclearelectrica, both state-owned, are heading toward record-high results, and their profits could be used for energy bill compensation.
The Board of Directors of chemical producer Chimcomplex on Thursday announced chief executive officer Tivadar Runtag would leave his position to fulfil other duties in the group run by Stefan Vuza.
Vista Bank, a lender held by Greece’s Vardinogiannis group, has completed the acquisition of 100% in Credit Agricole Romania, after securing all the necessary approvals from Romania’s central bank and Competition Council.
Bonas Import Export (BONA.RO), a Cluj-based company that owns the Bonas dairy brand, on Thursday said it ended the first half of 2021 with a net profit of RON41,210, over tenfold lower than the level reported in the year-earlier period, and a turnover of RON6.6 million, down 1.7% on the year.
Visual Fan S.A. (ALW.RO), which holds the Allview brand, on Thursday said it contracted the first major project together with Headlight Solutions, in the amount of RON10 million (EUR2 million), which will be implemented during the 2021 – 2022 period.
Meat2Eat, a gastronomic concept active since 2015, with a a steakhouse in Bucharest’s Domenii area and with burger shops, has opened the first steakhouse restaurant in a 400-square meter space on the ground floor of the One Tower office building in Bucharest’s Floreasca area.
Romania's finance ministry on Thursday raised 675 million lei (EUR136.4 million), higher by RON175 million than planned, selling bonds maturing in October 2030 at an average yield of 3.88%, central bank data showed.
Medicover, the third leading actor on the private healthcare market, has started working with construction management and consulting company Vitalis Consulting on the project to develop its new hospital in Bucharest.
FrieslandCampina Romania, the producer of Romanian dairy brand Napolact, announced that Adriana Panait took over the position of Human Resources Director, starting September 2021.
OTP Bank Romania, part of Hungary’s OTP Group, targets a 5% increase in market share until 2024, from 2.65% at end-2020, and the option of an acquisition still stands, Roxana Hidan, deputy CEO of OTP Bank Romania, Business Division, told Ziarul Financiar (ZF).
Local company ABN Systems International, the holder of the Tellur brand and an integrator and distributor of electronic equipment and telecom accessories, plans to list on the Bucharest Stock Exchange until the end of 2021, in order to fund the accelerated development on external markets and to consolidate its position on the local market, by accessing new business niches.
Romanian startup BookTes, which developed a ticketing system for the online organization, management and sale of all activities in the cultural-tourism sector, wants to attract EUR200,000 financing to cover the cultural and tourism experiences across all 41 Romanian counties, by the end of 2021, and to expand the functionalities of the platform.18957 items