Romania's foreign exchange reserves stood at EUR58.18 billion in October 2023, lower by EUR1.05 billion than in September 2023, central bank data showed on Wednesday (November 1).
Ursus Breweries, the largest actor on the beer market in Romania, has inaugurated a new bottling line at its brewery in Brasov, as well as new warehouses, labs and office space, which will help streamline operational capacity, as part of a strategic investment of EUR50 million it started in 2020.
A team of lawyers of D&B David si Baias, PwC’s correspondent law firm in Romania, has assisted Greece’s Public Power Corporation in concluding the deal whereby it took over the Romanian electricity generation, supply and distribution assets of Italy’s Enel group.
Pet Star Holding, a major producer of PET preforms in Romania and the Balkans, has contracted EUR4 million funding from CEC Bank set to support its business.
Precast concrete parts manufacturer Prefab Bucuresti, indirectly controlled by entrepreneur Petre Marian Milut, for the first nine months of 2023 reported operating revenues of RON94 million, from RON72 million in the same period of 2022 amid rising sale prices.
Revolut, the fintech that operates on the basis of a license granted by the bank of Lithuania and is pending certification by Romania’s central bank, plans to reach 240 employees in Romania this year.
Travel agency Eximtur of Cluj-Napoca, one of the largest in Romania, controlled by Morariu family, generated EUR40 million turnover in the first nine months of this year, up 20% from the year-earlier period.
Computer and electronics retailer Altex, held by entrepreneur Dan Ostahie, budgeted more than EUR1.4 billion (RON7 billion) sales for this year, an increase of 7% to 10% on the sales of 2022.
Chimcomplex (CRC.RO), the largest chemical plant in Romania, informed investors in a report to the Bucharest Stock Exchange on Tuesday that its chief executive officer Stefan Vuza stepped down as of October 31.