Rompetrol Rafinare (RRC.RO), a KMG International Group (Rompetrol) member company, has recently finalized modernizing the Delayed Coking Unit (Cx) of the Petromidia refinery, following an almost $13 million investment.
The accelerated changes in companies and the much higher workload of the last 12 months have led Romanian employees to learn to use new technologies, according to the results of a PwC survey.
Romanian startup .lumen, which is on a mission to restore mobility to the blind and visually impaired, has opened a EUR5 million funding round, with EUR1 million available on the all-in-one equity management and investment platform SeedBlink, the company officials said in a statement.
ARKA Smart Parcel Lockers, which specializes in manufacturing advanced production lines for the automotive and aviation industries, as well as developing and manufacturing a range of solutions for the courier and postal industry, is to deliver 6,000 lockers to Austria, following the signing of a contract with Austrian Post.
Farmaceutica Remedia (RMAH.RO), one of the largest businesses in the local pharmaceutical market, is calling shareholders to vote on raising the cap of the credit facility from Banca Transilvania.
Italian-held Maschio Gaspardo, which produces farm machinery in Romania at its plant in Chisineu-Cris of Arad county, ended 2023 with a turnover of RON353.4 million (nearly EUR71.5 million), down 15.2% from RON417.1 million (nearly EUR84.6 million) turnover reported in 2022, Ziarul Financiar (ZF) daily has calculated from Finance Ministry data.
TotalSoft, one of the largest software developers in Romania, reported losses of RON652,000 (EUR0.13 million) for 2023, compared to net gain of over RON590,000 in 2022, in line with data published on the finance ministry website.
Airbag manufacturer TRW Automotive Safety Systems, part of Germany’s ZF Group, ended 2023 with a turnover of RON1.716 billion (EUR347 million), up nearly 0.6% from RON1.706 billion (almost EUR346 million) turnover reported in 2022, Ziarul Financiar (ZF) has calculated from Finance Ministry data.
Floorboard producer Barlinek Romania, the local subsidiary of Polish group Barlinek controlled by billionaire Michal Solowow, ended 2023 with a turnover of RON251.6 million (EUR50.9 million), down 14.2% from RON293.4 million (EUR59.5 million) turnover reported in 2022, in line with finance ministry data.
Elit, one of the largest cold cuts producers in Romania, part of China's Smithfield Group, for 2023 reported a turnover of RON790.5 million (EUR159.8 million), up 6.4% from RON742.8 million (EUR150.6 million) turnover reported in 2022, Ziarul Financiar (ZF) daily has calculated from Finance Ministry data.
Danone Romania has appointed Oana Beja country topline unit leader, starting June, a position from which she will supervise the commercial operations of the company.
BAT, the largest tobacco company in Romania, is the second contributor to Romania’s state budget, with a total contribution of RON10.8 billion (EUR2.1 billion) in excise and taxes to the state budget in 2023.
Paver manufacturer Symmetrica (Suceava County) posted more than RON150 million (some EUR30 million) revenue in the first half, an increase of 40% compared with the first half of 2023, as a result of the 12% growth in the sales of water/sewer and road infrastructure products.
Private medical service network MedLife continues expansion of its mental health center chain MindCare with a new such facility in Craiova, after those in Bucharest and Constanta.
Dutch discount non-food retailer Action is getting ready to enter Romania, ZF sources say. The group has already begun recruiting for management positions to build a core team first.
Car parts wholesaler Unix Auto reported a turnover of RON429.9 million (nearly EUR87 million) for 2023, up 19.7% from RON359.1 million (EUR72.8 million) turnover recorded in 2022, Ziarul Financiar (ZF) daily has calculated from Finance Ministry data.
Grain trader Agropec Dionis ended 2023 with a turnover of RON740.5 million (EUR149.7 million), up nearly 11% from RON667.3 million (EUR135.3 million) turnover in 2022, Ziarul Financiar (ZF) daily has calculated from Finance Ministry data.
The European Bank for Reconstruction and Development (EBRD), the largest institutional investor in Romania and one of the longest-standing Banca Transilvania shareholders, has made a minority equity investment in Arobs Transilvania Software (AROBS.RO), the largest IT company listed on the Bucharest Stock Exchange.
State-run electricity producer Hidroelectrica (H2O.RO) chief investment officer Bogdan Badea sold 1,032 Hidroelectrica shares for RON128.8, the company said in a report to the Bucharest Stock Exchange on Monday.
Romania's current account deficit stood at EUR9.17 billion in January-May 2024, higher by 34% than the EUR6.8 billion level recorded in the same period of 2023, central bank data showed on Monday (July 15, 2024).