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Paver maker Elis Pavaje, owned of Gota family of Alba, invests EUR20 million in the group’s fifth plant.
Phoenix Y, the producer of Gusto corn puffs, currently exports more than half of Baicoi plant production.
Footwear brand Bata exits Romania after almost two decades. The franchisee, entrepreneur Eugen Paturan, has recently closed down the last three stores.
Transavia, Romania’s biggest poultry producer, which went beyond the RON822 million mark in terms of group turnover in 2020, maintains it will shortly hit the RON1 billion threshold, according to the company’s representatives.
The Romanian operations of delivery platform FoodPanda were valued at almost EUR100 million in the transaction between Germany’s Delivery Hero and Spain’s on-demand delivery platform Glovo, a deal which targeted several markets in the region, according to sources of Ziarul Financiar daily.
The global IPO (initial public offering) market had an exceptional year, breaking records by IPO volume and proceeds consistently into the fourth quarter. Overall, 2021 saw a total of 2,388 deals raising US$453.3 billion in proceeds, a 64% and 67% respective increase year-over-year, in line with the 2021 EY Global IPO Trends Report.
ARES medical centers chain specialized in interventional cardiology on Wednesday announced the acquisition of Cardiomed clinic founded 12 years ago in the city of Cluj Napoca by physician Carmen Muresan.
The European Bank for Reconstruction and Development (EBRD) is providing a EUR5 million loan to Aquila Part Prod Com S.A. with an option to buy up to EUR5 million worth of shares from the company’s founding shareholders.
Homemade gelato shop chain Velocità, which operates two units in Bucharest, on Calea Victoriei Roadway and Ion Campineanu Street, is expanding through franchising and plans to open at least four new units across Romania, in 2022.
Romania's nuclear power producer Nuclearelectrica (SNN.RO) said in a stock market report Wednesday that it concluded with telecom operator RCS&RDS contract for the energy sale in the amount of nearly RON360 million over the next two years.
Romania's nuclear power producer Nuclearelectrica (SNN.RO) said in a stock market report Wednesday that it concluded a contract of RON795 million for the wholesale energy sale to Enel Energie Muntenia in 2022.
Garanti BBVA Romania, one of the most dynamic lenders on the local market, has signed a financing agreement worth EUR40 million with the Black Sea Trade and Development Bank (BSTDB) to support small- and medium-sized enterprises (SMEs) affected by the Covid-19 pandemic.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, keeps increasing and nearing the 3% threshold, as it reached 2.97% on Wednesday (Dec 22).
The Board of Directors of air passenger rights specialist Air Claim (CLAIM.RO) has appointed Dan-Andrei Straut to the position of general manager for a mandate that expires on February 14, 2023.
E.ON Energie Romania has finalized in 2021 the construction of 21 photovoltaic power plants for companies in 12 counties, with the total value of projects exceeding EUR3.3 million.
Belgium’s Louis Delhaize Group, present in Romania since 2003 with hypermarkets under the cora brand, has reached an agreement with Austria’s real estate group Supernova to sell its real estate portfolio in Romania, while keeping the commercial operations of hypermarkets.
Alro Slatina (ALR.RO), a major vertically-integrated aluminum producer in Europe, is struggling with the soaring energy prices, being Romania’s biggest energy consumer. The company controlled by Russia’s Vimetco started a total activity shutdown program, Constantin Popescu, chairman of Alumnistul Free Trade Union of Alro Slatina, told ZF.
Aggranda, a producer of software robots replacing people in executing repetitive office tasks, wants to double its number of employees by end-2022, having jobs available for roles such as RPA developer (UiPath), middle RPA developer (UiPath) and junior RPA developer (UiPath) in Bucharest, as well as other jobs for the office of France due to be opened by end-2021.
Cluj-Napoca-based travel agency Eximtur, one of the largest locally, controlled by Morariu family, increased its turnover to RON150 million (around EUR30 million) this year, from EUR21 million in 2019, according to the company’s officials.
Faurecia Romania, the local subsidiary of France’s giant Faurecia, currently has 125 jobs available at its plant of Talmaciu, Sibiu county.20681 items