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Procter & Gamble Romania (P&G) inaugurates its new factory in Urlati, Prahova, where it will produce laundry detergent pods, creating over 200 new jobs.
Sales in the food retail sector are estimated at around RON130 billion in 2020 compared with sales of RON118 billion in 2019, according to a KeysFin analysis.
Romanian plastics producer Sterk Plast has been approved for EUR2.5 million state aid for a EUR5 million investment in expanding production bat its factory in Medgidia, southeast Romania.
Romania’s Competition Council is looking into a transaction whereby Sandoz AG seeks to acquire from GlaxoSmithKline (GSK) the sale activity of cephalosporine-based antibiotics.
Brasov-based Visual Fan, which produces electronic devices under the brand Allview, has raised RON15.5 million from investors through an offer oversubscribed six times and closed early by broker Tradeville.
The Board of Directors of regional investment fund SIF Banat Crisana (SIF1.RO) has re-elected former finance minister Bogdan Dragoi as Board Chairman for a four-year term, starting April 25, 2021 until April 25, 2025, per a stock market report released Monday.
One year after the WHO declared COVID-19 a pandemic, 76% of global CEOs believe global economic growth will improve in 2021. In Central and Eastern Europe (CEE), optimism is also the order of the day, with 64% of CEOs expecting an improvement in growth – a record high and more than double last year’s 24% rate, per the 24th edition of PwC’s CEO Survey for the CEE region.
easySales, the solution of automating and centralizing eCommerce activities, founded in 2019 by Ciprian and Iulian Cazacu, will set off a financing round on May 6, through equity crowdfunding platform SeedBlink, in order to raise EUR350,000, under the form of a convertible loan, in exchange of 8.05% of the shares.
Romania’s government debt reached 4.2% of the gross domestic product (GDP) in the fourth quarter of 2020, compared with the third quarter of 2020, being the country with one of the largest increases in government debt-to-GDP ratio, during the mentioned period, per data from Eurostat, the statistical office of the European Union.
Pharmaceutical wholesaler Novoline ended 2020 with some RON160 million revenue, an increase of 30% on 2019.
The development strategy of DerTour, the travel unit of the Eurolines group which Germany’s Der Touristik group bought in 2019, is to open new agencies in shopping centers and office buildings, says Cosmin Marinof, DerTour managing director.
Ford’s Craiova plant along with the plant in Cologne, Germany, will be the least affected by the microchip crisis, as other plants of the carmaker experience even more than 20 days of production stoppages in 2021.
Romanian airline Blue Air has announced the launch of direct flights from Cluj-Napoca to Paris Charles de Gaulle, starting Friday (April 23, 2021).
Private medical services provider MedLife (M.RO) said in a stock market report Friday that NN pension funds, namely, Fondul de Pensii Facultative NN ACTIV, Fondul de Pensii Facultative NN OPTIM, Fondul de Pensii Administrat Privat NN and NN Investment Partners B.V. reported on April 22, 2021 a combined holding of 15.04% of the total voting rights in MedLife, respectively, 20 million voting rights.
Romania's state-owned natural gas producer Romgaz Medias (SNG.RO) said in a stock market announcement on Friday that it extended the suspension of the notice of termination for the construction of the Iernut power plant.
River Development has sold The Light One office building in western Bucharest to UNIQA Real Estate, the real estate arm of Austria's UNIQA Insurance Group.
Jobs in sales, finance, accounting, and management were the most sought-after by applicants in the first quarter of the year,data from online recruiting platform BestJobs showed Friday.
Agribusiness group Rodbun is preparing an investment of up to EUR20 million in building the largest logistics park in Romania’s agricultural sector with an area of more than 40,000 square meters in Braila County, chief commercial officer Octavian Petrescu said.
OMV Petrom, the largest energy company in South-Eastern Europe, will act as operator for Neptun Deep block if ExxonMobil accepts Romgaz' offer for its 50% stake in the gas exploration and drilling project in the Black Sea.
Spanish-held Inditex, the leader of Romania’s fashion retail market had 2,200 employees at the end of last year compared with some 3,000 before the pandemic, that is at the end of 2019, its reports show.18948 items