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Germany’s Kaufland group, the leader of the local retail by sales in 2019, continues its expansion plans for 2021 and is opening a store in Tarnaveni (Mures County) Thursday (April 22), reaching a network of 142 hypermarkets in Romania.
Irish cement manufacturer CRH is changing the name of its Romanian division, CRH Ciment Romania, to Romcim starting May 5, 2021.
Romanian independent electricity and natural gas supplier Restart Energy One on Wednesday launched its first corporate bond issue on the Bucharest Stock Exchange, under the ticker symbol REO26.
Capital city of Bucharest registered 14,974 jobless people (of whom 8,127 women) at the end of March 2021, taking the unemployment rate to 1.21%, lower by 0.82% compared with February 2021, per data from the Bucharest Municipal Employment Agency.
Romania's leading electronics retailer Altex continues expansion and opens a new store in Husi, Vaslui county, eastern Romania, on Thursday, following an investment of EUR3 million.
UiPath, the most valuable company to emerge from the Romanian IT industry, has raised over $1.3 billion in an initial public offering ahead of its listing on the New York Stock Exchange on Wednesday.
NN Pensii, the largest private pension fund manager on the mandatory segment in Romania (Pillar II), reported a net profit of RON44.9 million in 2020, compared with a loss of nearly RON40 million the year before.
Around 95% of the companies in the outsourcing industry in Romania will implement a hybrid working system after the pandemic and 55% of industry employees will work 8-12 days a month from the office, a survey by Romania Business Service Leaders Association (ABSL) showed Wednesday.
Euro Auto Plastic Systems, the local subsidiary of French-held Faurecia, posted RON332.5 million (EUR69 million) revenue in 2020, 32% below the RON488.9 million (EUR103.2 million) in 2019, Finance Ministry data show.
IT giant Tech Mahindra, present in Romania since 2019, has extended its office space in Vox Technology Park Timisoara by an additional 1,500 square meters, reaching a total office area of 2,100 sqm.
KMG Rompetrol, the management and support division of KMG International Group, has extended its lease until the end of 2026 for offices in the City Gate compound in northern Bucharest.
Coffee shop chain Starbucks operated in Romania by Poland’s Amrest group ended last year with 54 stores, after three new openings and one closure, the annual report of the group says.
Belgian industrial developer WDP is investing EUR29 million acquiring land for new projects in the Bucharest area and the Transylvania region in Romania, it said in its first quarter earnings report released Wednesday.
The logistics and industrial space market has a potential for another 2.5 million to 3 million square meters over the next economic cycle, says Andrei Jerca, managing director of developer Element Industrial.
Feelings of isolation and loneliness, stress and uncertainty have affected people’s health during the pandemic, with 36% of the respondents to a PwC global survey stating that they had experienced symptoms of anxiety and depression. Of the survey respondents, 44% said they were interested in using virtual care solutions for resolving those issues, per the PwC report on Global Top Health Industry Issues 2021.
The net assets of the 224 domestic and foreign open-end and closed-end investment funds operating in Romania grew by 4% in March 2021, to RON47.6 billion (EUR9.7 billion), and by 7.1% since the beginning of 2021, the Association of Fund Administrators said Tuesday.
Lender EximBank has granted a financing of RON100 million to Prahova-based company Oltina Impex Prod Com, which operates in the milling and bakery sector.
Insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO) said in a stock market announcement on Tuesday that Valtecia Development, a company based in Targu-Mures and engrossed in buying and selling own real estate assets, filed a new bankruptcy request for Romcab.
The European Investment Bank (EIB) will grant a EUR250 million 27-year financing to Romania for a regional 850-bed hospital in Iasi, northeastern Romania.
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