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Marius Vacalau, CEO of specialized retail group Lagardere Travel Retail, says he plans moderate network expansion, of 10-15% in 2022, meaning around 30 units, with the pace set to quicken should opportunities allow it, and 15% higher turnover against 2021.
Hotel chain Continental Hotels, controlled by Radu Enache, invested EUR7 million this year to refurbish four hotels and in 2022 is set to complete investments in the 3-star hotel of Bucharest and start the hotel project of Brasov, a four-star Forum.
Asirom, the second biggest insurer in Romania and part of Austria’s group Vienna Insurance Group (VIG), forecast a volume of gross underwritten premiums of around RON760 million at the end of 2021, up 20% from 2020, according to Cristian Ionescu, the company’s head.
Chimcomplex SA Borzesti (CHOB.RO), the largest company included in the BETAeRO index has announced the Financial Supervisory Authority (ASF) approved its prospectus for admission to trading on the regulated market of the Bucharest Stock Exchange.
Law firm Filip & Company has provided legal assistance to building materials holding company Roca Industry in relation to the issue of shares that has drawn RON50 million from stock market investors.
Airline Blue Air received the fifth Boeing 737-8 MAX aircraft of its fleet on Saturday (December 18) which operated its first commercial flight on the same day, on the Bucharest-Stockholm route.
Romania’s media market has attracted investments worth EUR629 million in 2021, being the first time when advertising budgets exceeded the EUR600 million threshold reached in 2008, per data released by GroupM.
Investment in companies developing technology to try to combat the climate crisis grew to $87.5 billion in the year leading up to June 30, according to new research from PwC.
Insolvency practitioner CITR, part of Impetum Group, has appointed Paul Dieter Cirlanaru to the position of Chief Executive Officer (CEO).
Teilor Holding made its debut on the Bucharest Stock Exchange with its first bonds, on Tuesday (December 21).
Law firm Wolf Theiss assisted Spanish startup Glovo in the process of the Competition Council's authorizing the takeover of Foodpanda operations in Romania. Romania’s antitrust body officially announced on Friday (Dec 17) that it had approved the acquisition of Foodpanda SRL by Glovoappro SRL, but under certain terms.
Bittnet Systems (BNET.RO), a local integrator of IT&C solutions and provider of training services in the IT sector, said in a stock market report on Tuesday that Impetum Investments alongside persons in the management of Impetum Group exceeded the 5% ownership threshold of Bittnet share capital.
Israel’s Econergy, one of the leading green energy investors in Romania, has leased spaces within the Metropolis Center in capital Bucharest for its head office in Romania.
mindit.io, a Romanian company specializing in software development, will end 2021 with turnover worth around RON45 million, 40% higher than in 2020.
Bosch, one of the largest car parts producers locally, with EUR448 million sales in 2020, currently has 126 jobs available for the Blaj plant.
ATP Trucks Automobile, a manufacturer of road freight vehicles, part of ATP Group of Baia Mare, plans to triple its production capacity next year, to 300 trucks. By comparison, 100 units were manufactured this year, says Mircea Cirt, founder of the group.
Parcel delivery company DPD Romania, one of the biggest locally, will register a 27% turnover increase in 2021 against 2020, as e-commerce, the main growth driver of the market during the pandemic, has continued its upward trend this year.
Covasna-based Balvanyos Resort will complete in late 2022 an investment project worth around EUR9 million meant to expand the accommodation capacity and area of the spa center.
Private healthcare services provider MedLife aims for EUR340 million pro-forma turnover in 2021 after the company has had a strong focus on acquisitions and clinched several deals that are now visible in its revenues.20681 items