Insulation materials manufacturer Knauf Insulation, part of Germany’s Knauf Group, has applied for RON90 million state aid, which would be part of a RON648 million investment, the results of the selection process of state aid applications Finance Ministry published on Tuesday show.
Belgian group Etex, with two plasterboard plants in Romania, bought Ursa, a producer of glass mineral wool and extruded polystyrene, from Germany’s Xella.
Germany’s B. Braun, active in Romania’s health sector for over 20 years, ended 2021 with total turnover worth RON518 million, 15% higher than in 2020, in line with ZF calculations based on public data for the six companies part of the group.
Visa and Western Union today announce a new partnership in Germany and Romania, with the launch of WU+, the new integrated digital banking and international money transfer app. WU+ app customers will be able to open a digital bank account and pay across all channels with their Visa Debit card. Western Union, through its partnership […]
The European Commission has concluded that seven countries – Romania, Germany, Spain, France, the Netherlands, Portugal and Sweden – continue to have excessive imbalances, according to its spring edition of a report regarding the situation across European Union (EU) Member States.
Car parts producer Optibelt Power Transmission of Tautii-Magheraus locality, Maramures county, the local subsidiary of Germany’s Arntz Optibelt, projects EUR70.4 million turnover for this year, up 12% from 2021, in line with ZF calculations based on company data.
The Board of Directors of Germany’s Schaeffler Group has appointed Stefan Gulacsi-Gologan to the position of administrator of the local division Schaeffler Romania starting May 2022.
Verdino, a Romanian producer of meat alternative products using pea protein co-founded by Raul Ciurtin, is strengthening its position in Germany, with its products listed in 8,000 stores in the country.
Technical plastics solutions developer Reinert Kunststoffetechnik, acquired in late 2019 by Germany’s CCBA Verwaltungs, projects EUR25 million turnover for 2022, up around 13% on the year, in line with ZF calculations based on company data.
OVES Enterprise, a software development company from Cluj, opens in Munich, Germany, its first office abroad, as part of the international expansion strategy which aims that the company to be present in 5 countries by the end of the year: Germany, USA, United Arab Emirates, United Kingdom and Spain. The expansion in Germany is […]
Stada Group, one of the largest pharmaceuticals companies in Germany, has announced an investment of EUR48.3 million in a pharmaceutical manufacturing plant that will be built in the Aries Industrial Park in Turda (Cluj-Napoca).
Germany’s Corratec group will start manufacturing bicycles in Timisoara in 2022, where it wants to employ 300 people within two years. The group will assemble 300,000 vehicles a year here.
Adrian Cocan, founder of Agroserv Mariuta, the company owning the Laptaria cu Caimac brand, with RON49 million turnover in 2020 and around 200 employees, says he plans to take his products to Germany, Austria, Switzerland, Benelux.
Germany’s fashion retail group Anson's, which operates large multibrand stores, will enter Romania with a store in the ParkLake mall in Bucharest, market sources say.
Germany’s DKV Mobility and Smart Diesel have announced completion of the deal whereby the former took over the latter, one of the largest entrepreneurial fuel businesses in Romania.
Schaeffler Romania, the local subsidiary of Germany’s Schaeffler group with global revenue of EUR12.6 billion, plans to inaugurate in 2021 a new production unit in Brasov (central Romania), which will add to the five existing production units, and to the existing R&D campus, made up of engineering and testing centers.