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Unilever has invested more than EUR120 million in Romania over the past 30 years, since the group's first products entered the local market, says Romanian executive Ana-Maria Paslaru, who became general manager of Unilever South Central Europe this year, running a business worth more than RON1 billion in 2020.
CTP, the largest developer and owner of industrial and logistics centers in Romania, which owns about 2 million square meters of industrial space, has bought the Mobexpert project in Targu Mureş from Dan Şucu, CTP said.
Open-end investment fund BRD Simfonia, managed by BRD Asset Management, has reached a total 92,942 investors on December 27, 2021, being the fund with the most investors on the local market of open-end investment funds, per data collected from its website.
OTP Bank Romania, the domestic subsidiary of Hungary’s biggest banking group, on Wednesday said it increased its share capital for the second time in 2021, by over RON200 million.
Romania's nuclear power producer Nuclearelectrica (SNN.RO) said in a stock market report Wednesday that it concluded a contract of RON254 million for the wholesale energy sale to E.ON Energie in 2022.
Aquila (AQ.RO), the largest player on the consumer goods distribution market in Romania, benefits starting with December 29, 2021, a month after its listing, from the Issuer Market Maker (IMM) services provided by BRK Financial Group (BRK).
Sphera Group (SFG.RO), owner of KFC, Pizza Hut and Taco Bell franchises in Romania, and of KFC restaurants in Chisinau (Republic of Moldova) and Italy, announced in a stock market report on Wednesday the opening of the first Pizza Hut Express restaurant in Romania, in the town of Buzau.
Sphera Franchise Group S.A., owner of KFC, Pizza Hut and Taco Bell franchises in Romania, said in a stock market report that it received the first tranche of RON1.3 million of state aid from the Romanian Government on the basis of an emergency ordinance providing financial aid to companies in tourism, hospitality and event organizing industries whose activity was affected by the COVID-19 pandemic.
The bet of Constantin Dulute, a major Romanian entrepreneur, on Vinicola Averesti 2000, the company behind Domeniile Averesti wine brand, is ever bigger.
Atenor completed the sale of Dacia One project to Paval Holding, in a sale with a financial impact of EUR50 million, according to the Belgian company.
Luchi Georgescu, the entrepreneur owning cold cuts plant Meda Prod 98, a major player on the market, says she’s seeking solutions to cut electricity costs and wants to generate power from photovoltaic panels for at least 10% of the plant’s daily consumption.
The third clinic under Prevent umbrella is going to be opened in 2022.
Annabella Fabrica de Conserve Raureni, a company part of Annabella group owned by Mutu family of Valcea county, plans to take over Fabka Group, in line with information provided by the Competition Council, which cleared the deal.
Retailer Profi, held by buyout investor Mid Europa Partners, opened a total of 19 new stores in December, 18 of which were in the Loco format used in rural Romania.
Real estate investment trust Star Residence Invest (REIT.RO) said in a stock market report on Tuesday that it completed the share capital increase operation through cash contribution by exerting preferential rights, managing to attract RON5.7 million.
The latest initial public offering in Bucharest in 2021, which started on December 15 and was scheduled to close on December 29 went through some changes, the most important of which being the successful closing condition.
Allianz-Tiriac has received approval from the Financial Supervisory Authority (ASF) to become a significant direct shareholder of Gothaer Asigurari, ASF officials said.
Lender Banca Transilvania has revised Romania’s economic growth forecast to 6.2% in 2021, 5.2% in 2022 and 4.9% in 2023, respectively, in line with updated macroeconomic forecasts.
Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO) on Tuesday said it reimbursed its debts to several lenders among which EximBank, Banca Transilvania and Intesa Sanpaolo Bank Romania, by means of a financing facility in the amount of EUR23 million contracted in March 2021.
Romanian business managers expect robust price growth in the construction and retail trade sectors for the December 2021-February 2022 period in parallel with a slight decrease in the number of employees in constructions and an increase in staff numbers in retail trade, a survey by the country’s statistics board INS showed Tuesday.20681 items