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Elefant Online, which operates online retailer elefant.ro, one of the largest online stores on the local market, on Tuesday said it sold products worth over RON120 million (gross merchandise value) in the first six months of 2021, which translates into an average annual increase of 31% in the last two years.
Estonian-held Bolt has more than 10,000 drivers in Romania, double the number reported six months ago, as the platform operates in 18 cities of the country, explained Cristi Salceanu, country manager of Bolt Romania.
Romania’s home appliances manufacturer Electroarges produces parts for Arctic, the country’s largest home appliances manufacturer, in a bid to cut reliance on German-held Karcher.
Bucharest is currently Romania’s most important market for cash & carry, hypermarket or supermarket operators, hosting a quarter of the country’s total number of modern stores, say the representatives of German-held Metro Cash & Carry.
Door and window manufacturer Pinum Doors & Windows, part of Italy’s group Nusco, is set to open a new plant in Romania in northern Bucharest, in the wake of investments worth EUR6-7 million, said Francesco Curcio, the company’s chief executive officer.
Romanian bread and bakery producer Pambac, controlled by entrepreneur Eusebiu Gutu of Bacau, in 2020 generated turnover worth RON214.5 million (EUR44.5 million), up 15% year-on-year, according to ZF calculations based on Finance Ministry data.
Real estate developer Element Industrial, controlled by entrepreneur Ionut Dumitrescu, has launched a new project in southern Romania, called ELI Park Braila, which entails total investments worth over EU25 million.
Calin Fusu, co-founder and member of the Executive Board of online furniture and home decor retailer Vivre Deco will be taking over as Chief Executive Officer (CEO) of the retailer, starting October 1, 2021.
An integrated team of transaction professionals of PwC Romania, and D&B David si Baias, the law firm affiliated to PwC in Romania, have provided assistance to the shareholders of Romanian software firm Gemini CAD Systems in the sale of the majority stake to French Lectra Group.
Favisan, a brand created almost three decades ago by female entrepreneur Virginia Faur, exceeded the RON10 million turnover threshold in 2020, from sales of tea and food supplements, per finance ministry data.
Romania's finance ministry on Monday raised RON431 million (EUR87.1 million) selling bonds maturing in February 2029 at an average yield of 3.64%, central bank data showed.
Car parts manufacturer Coindu Romania, part of Portuguese Coindu Group, reported a turnover of RON359.1 million (EUR74.5 million) for 2020, down 28% from nearly RON503.2 million (EUR106.1 million) in 2019, per finance ministry data.
Metaplast, which manufactures plastic parts and accessories for the automotive industry, reported a turnover of RON245.8 million (some EUR51 million) for 2020, down 31% from 2019, per calculations by Ziarul Financiar (ZF) based on finance ministry data.
Romania's current account balance posted a deficit of EUR9.05 billion in January-July 2021, compared with a deficit of EUR5.35 billion in the same period in 2020, central bank data showed Monday.
Crowdfunding platform SeedBlink appointed Carmen Sebe chief executive officer as of September 1. She joined the company as a partner on January 1, 2020.
Polish-held cosmetics retailer Inglot is focusing on its online operations in Romania and will reconsider this market for resuming offline expansion with its own stores no sooner than a year.
Cement manufacturer Romcim (the former CRH Ciment) registered higher revenue and operating profit in Romania, in the first half of 2021, compared with the same period in 2020.
Renault Technologie Roumanie will oversee the implementation of the Duster-3 project, its most complex so far, considering the shift to the new CMF-B platform and its sale in Europe, as well as Russia, Africa and South America.
One United Properties (ONE.RO), one of the most active real estate developers of residential, office and mixed-use projects in capital Bucharest, will distribute dividends in the amount of RON32.5 million, as well as free shares, based on the measures approved by the company’s shareholders at their general meeting of September 10.
Romanian construction materials producer Soceram Campina has started production at a new autoclaved cellular concrete (ACC) factory, located in Cordun locality (Neamt County), per data on the company’s website.18957 items