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UK software and IT services provider Endava, which has seven delivery centers locally and more than 3,000 employees, plans to expand to three new cities, Craiova, Sibiu and Suceava, and grow its teams, according to the company’s representatives.
Austrian real estate developer CA Immo has decided to consider several strategic options for the Romanian market, including a sale of its entire Bucharest office portfolio, in line with a report published in November 2021.
Furniture manufacturer Elvila (ELV.RO) ended the first nine months of 2021 with a loss of RON1.54 million, compared with a net profit of RON1.78 million in the same period of 2020, while revenue stood at RON24.3 million, down 20.3%, ZF has calculated based on the quarterly report published on the Bucharest Stock Exchange.
The Black Sea Trade and Development Bank (BSTDB) received an upgrade of its long- and short-term issuer credit ratings from the S&P Global Ratings to 'A/A-1' from 'A-/A-2', with Stable Outlook.
Romania’s Finance Ministry has reopened a bond issue due in June 2026 and raised RON214 million from banks on Thursday, lower by RON286 million more than the targeted amount, at a yearly yield of 5%.
EY’s CEO Imperative Study in Romania pointed out that, in terms of transformation initiatives, the majority of the CEOs from Romania (88%) intend to initiate new and comprehensive transformation in a time horizon of 12 months and the most significant investment (78%) will be directed towards data and technology.
MOL Romania is about to start the construction of six of the 14 service stations to be built on the A1 Lugoj - Deva and A2 Medgidia - Constanta highways, under the concession contracts signed with Romania’s national roads company CNAIR at the beginning of this year. The investment will amount to EUR28 million.
Lender UniCredit Bank has opened the first Mortgage Center, in Bucharest’s Charles de Gaulle Square, which is intended exclusively for the mortgage lending activity.
Office building Eminescu Offices complements its mix of tenants after the Empatio recovery clinic chain signed a lease contract for a 200-square meter space within the project.
AFI Europe Romania has bought two plots of land covering a total 10,200 square meters from Impetum Investments, the investment division of Impetum Group, in a deal worth EUR12 million.
Law firm PeliPartners has been engrossed in projects worth over EUR750 million since the onset of the Covid-19 pandemic.
Furniture retailer Ikea, which has two stores on the local market, both located in capital city Bucharest, is officially starting the construction of its third store in Romania.
Romania's general consolidated budget posted a deficit of RON47.98 billion in January-October 2021, or 4.03% of the gross domestic product (GDP), lower than RON74.04 billion, or 7.01% of GDP, in the first ten months of 2020, finance ministry data showed Thursday.
ING Bank ended the third quarter of this year with total revenues worth RON1.7 billion, up 9%, and net profit of RON630 million, 42% higher than in the same period of 2020.
Italian household appliances maker De’Longhi, which owns two plants locally in Cluj and Bihor, where it produces espresso machines and blenders, in the first 10 months of this year generated turnover worth almost RON1.6 billion (EUR320 million), similar with the entire 2020 level.
Cigarette maker British American Tobacco will continue its recruitment drive in 2022, for marketing positions in its commercial unit, but also in the plant the company owns in Ploiesti, according to Vera Cubranic Bocak, HR manager for Central and Southern Europe at BAT.
Vintruvian Estates group projects consolidated turnover worth around RON36 million in 2021, significantly higher than in 2020, according to Marius Iliev, the group’s manager.
Coffee shop chain Tucano Coffee plans to open between 6 and 10 units domestically in 2022.
Cotnari, the third biggest player on Romania’s wine market, controlled by several local entrepreneurs, with RON142 million (around EUR30 million) turnover in 2020, has finalized the construction of a fourth winery, an investment from scratch of EUR4 million.
Germany’s Corratec group will start manufacturing bicycles in Timisoara in 2022, where it wants to employ 300 people within two years. The group will assemble 300,000 vehicles a year here.20085 items