Found 20681 news
The number of electric vehicle (EV) registrations in Romania soared by 118% in 2021 to a total 6.831 units and December was the best month with 2.099 new registrations, in line with an analysis by LEKTRI.CO, one of the leading players in the field of electric mobility in Romania.
Over 80% of beauty salons and licensed stylists expect revenue will grow in the first quarter of 2022 versus the same period in 2021, considering that over half of beauty salons (61.6%) reported revenue growth in 2021, per a survey by Stailer, an online booking platform for beauty salons.
Insulation materials producer Knauf Insulation, part of Germany’s Knauf Group, has acquired the Gecsat mineral glasswool factory in Tarnaveni (Mures County).
Rottaprint, the main flexographic printing company producing self-adhesive labels and flexible packaging in Romania, targets investments of almost EUR1 million in 2022 to enhance the quality of products and work conditions and to digitize operations, according to Cristi Nechita-Rotta, CEO of Rottaprint.
The European Commission (EC) on Wednesday said it has approved Romania’s plan to grant up to EUR2.66 billion in restructuring aid to energy company Complexul Energetic Oltenia (CE Oltenia).
ING Bank Romania has granted the second loan facility of RON10 million (EUR2 million) to the company Agrinvest Credit IFN specialized in financing the Romanian agricultural sector.
Private equity fund Sarmis Capital, established two years ago by several Romanian executives, has announced its second transaction on the local market by acquiring the majority stake in Smart ID Dynamics, a provider of software and hardware solutions, with a turnover above RON85 million in 2021.
Modern food retailers in Romania target some 600 new store openings and relocations in 2022, which means the universe of local hypermarkets, supermarkets, modern convenience stores, discount and cash & carry stores will be nearing 4,500 units, in line with calculations by Ziarul Financiar daily.
Pharmacy chain Professional Farma Line, held by Razvan Munteanu and Horia Bunget, opened two more pharmacies in Prahova County in early 2022, reaching a 25-unit network.
Romanian startup Humans.ai enters the UAE (United Arab Emirates) market following a partnership with Deca4, a blockchain consultancy studio based in Dubai.
Roca Industry, through Holdingrock1, a holding company that brings together the companies BICO Industries and SARCOM, building materials manufacturers belonging to ROCA Investments platform, debuts on the Bucharest Stock Exchange on January 27 under the ticker symbol ROC1.
Capital city of Bucharest registered 14,004 jobless people (of whom 7,436 women) at the end of December 2021, taking the unemployment rate to 1.14%, data from the Bucharest Municipal Employment Agency showed Wednesday.
Central European private equity investor Abris Capital Partners on Wednesday said it signed an agreement to acquire Romanian dental consumables and equipment distributor Dentstore.
Ana Birchall, former social democrat justice minister back in 2019, was appointed Special Envoy for Strategic and International Affairs at Romania's nuclear power producer Nuclearelectrica (SNN.RO).
Sadalbari SRL, the majority shareholder of Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO), has increased its ownership stake in Romcab following two acquisitions of stocks worth almost RON51,400 (EUR10,000), in line with calculations by Ziarul Financiar (ZF) daily based on data from a document released on the stock market.
AmCham on Wednesday welcomed Romania’s success of being one of the six candidate countries with which the Organization for Economic Co-operation and Development (OECD) has decided to open accession discussions.
Raiffeisen Bank on Wednesday said it assisted investment fund Insight Investment, as financial advisor, on the sale transaction of Dutch-based company Thames Farming Enterprises to African Industries Group (AIG), with investments in Europe, the Middle East and West Africa.
The mergers and acquisitions (M&A) activity in Romania rebounded strongly in 2021 against 2020 in terms of deal value, which climbed 32% to $6.2 billion (EUR5.2 billion), and deal numbers that stood at 178, underscoring the strength of investor confidence in the Romanian business climate and its recovery post-COVID, especially in the second half of the year, in line with an EY analysis.
Natural gas producer and supplier Romgaz (SNG.RO) targets operating revenue of RON12.3 billion and net profit of RON1.73 billion in 2022, in line with the company’s draft budget of revenue and expenditure for 2022 which is subject to shareholders’ approval.
Companies operating in the financial, medical services, IT&C and retail sectors were the most active tenants on the office leasing market in capital Bucharest in 2021, in terms of the average transaction size, according to real estate consulting firm Cushman & Wakefield Echinox.20681 items