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Alexandrion Group, the largest spirits producer in Romania, estimates gross revenue of EUR100 million in the country in 2020.
The number of pretzel, pastry and doughnut shops in Romania has increased six times to 3,800 since 2009, ZF has calculated from the data of the country’s National Sanitary Veterinary and Food Safety Authority (ANSVSA).
Software services company Wipro Limited will take over the IT divisions of METRO group in Germany and METRO Systems Romania.
Liberty Galati announced Tuesday it completed an investment of EUR13.5 million in the modernization of a hot stove for one of the steelworks’ blast furnaces.
Vifrana, the leading organic wine producer in Romania by the cultivated area, wants to repay a loan of RON8.2 million contracted ten years ago from state-run lender CEC Bank, to invest in technology and to expand abroad on new business segments.
Hotel operators in Romania expect an annual average occupancy rate of 31% in 2021, compared with 24% in 2020, when the market saw an average decline in profit of 73% for January-October, per a survey by Cushman & Wakefield in partnership with the Romanian Hospitality Industry Federation (FIHR).
Real estate developer Impact Developer & Contractor (IMP.RO) announced Tuesday it has closed early its private placement of corporate bonds brokered by TradeVille.
Romania’s real estate investment market will end 2020 with a volume of approximately EUR900 million, up nearly 40% against 2019, which represents the equivalent of roughly 9% of the volume estimated for the six largest countries in Eastern Europe, almost double the share of 4.7% reported in 2019, per data from real estate consulting firm Colliers International.
Romania's unemployment rate reached 5.2% in the third quarter of 2020, lower by 0.2 percentage points than the level reported in the previous quarter, data from the country's statistics board showed Tuesday.
E.ON Energie Romania will build a power plant of EUR4 million for mineral fertilizers manufacturer Azomures; the project will start in the spring of 2021.
Perfume and cosmetics retailer Douglas, which arrived in Romania in 2007, has grown to 33 stores in the country after having opened three new stores this year.
Foreign fast moving consumer goods industry giants, which are among the largest manufacturers of cosmetics, sweets and beverages in the world make 5.4 billion lei revenue in Romania without investing in plants.
Dental clinic chain Dent Estet, the largest player on the local dental services market, part of MedLife Group, has acquired the majority stake in KronDent clinic in Brasov.
Romania's economic recovery will be asymmetrical, as some sectors will grow and others will continue to struggle and over 60% of companies estimate will match their 2019 turnover in 2022, the 2020 Moneycorp Barometer showed Monday.
The alternative IT education market amounts to approximately EUR8 million and it may grow by 15% in 2021, an evolution backed by changes on the labor market, an acute shortage of experts in the field and the accelerated digitalization of most industries against the backdrop of COVID-19 pandemic, per estimates of the informal IT School, launched in 2013 by the Initiative Group for Informal Education.
Romania's finance ministry on Monday raised 979.4 million lei (EUR201.2 million) selling treasury bonds maturing in January 2028 at an average yield of 2.88%, central bank data showed.
Romania's state-owned postal operator Posta Romana has concluded a partnership with money transfer company Ria Money Transfer.
The European Bank for Reconstruction and Development (EBRD) and the International Cooperation and Development Fund (TaiwanICDF) are providing financing of up to EUR15 million to UniCredit Consumer Financing (UCFIN) to support residential energy efficiency improvements.
Transavia, the largest poultry producer in Romania, gets 20% of its revenue from exports, its 2019 sustainability report shows.
Low-cost airline Blue Air suspends all flights to and from the United Kingdom starting with the 21st of December 2020 (7 p.m.) until January 2, 2021, following the Romanian Government’s decision of December 20, 2020.18948 items