Romania Feed

Electronic parts producer Plexus Services Ro, the Romanian subsidiary of US group Plexus, currently has 306 jobs available for the Oradea plant.

AAylex One of Buzau, the company behind the poultry meat brand Cocorico, reached the 2,500-employee mark in 2022 and continues recruiting, in line with company information.

Tire and inner tube distributor Nexxon in 2022 generated turnover worth RON211 million (EUR42.8 million), up 9.2% from 2021, in line with ZF calculations based on company and Finance Ministry data.

Local construction company Ecoterm in 2022 started a EUR2 million investment to develop its own warehouse, in Afumati.

Paint and varnish manufacturer Policolor-Orgachim, owned by two investment funds, is set to enter e-commerce in the second half of this year and is working on an expansion project for the plant of Militari, Bucharest.

Timis-based freight carrier World Mediatrans, one of the most dynamic companies in this field, founded in 1997 by Gabriel Lungu, in 2022 reached EUR30 million turnover and expects growth in 2023 as well.

Winemaker Purcari (WINE.RO) posted RON302.6 million revenue last year, up 22% on the 2021 figure, above the previously announced guidance of 15%-20%, according to preliminary commercial results published on the Bucharest Stock Exchange.

The Ascendis Group, the leading player in the training and professional development consultancy market in Romania, is investing EUR100,000 in local software company Ringhel, which created PROCESIO technology, a platform that allows employees without advanced technical knowledge to build their own software products for the processes they manage.

Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, on Friday, January 20, rose to 7.28% from 7.27% on Thursday.

Electromontaj, which specializes in constructions for energy projects, has won the tender for the design and building of infrastructure for the largest wind park of Moldavia, Ruginoasa locality, an investment by DTEK Renewables International, the company controlled by Ukrainian billionaire Rinat Akhmetov and Moldova Eolian.

Accor, one of the world's largest hotel groups, has launched Handwritten Collection brand, which is in talks for the opening of 110 hotels worldwide, including Romania.

Auto parts manufacturer Aptiv Technology Services & Solutions, the former Delphi Packard Romania, currently has 200 jobs available at its plant of Ineu, Arad county.

Romanian automotive brand Dacia is readying at least four new models after 2024 and the first one of the new series will be Duster III.

Entrepreneur Omer Susli, who founded home décor retail chain Homelux, now has two of the four units operating under this name left.

Amethyst Romania, the network of centers specializing in radiotherapy, reached turnover of around EUR33 million in 2022, up 33% year-on-year, according to Ciprian Casian, the company’s CEO.

The year 2023 will be less dynamic in the Romanian M&A market, but it will still be a good year, according to Bogdan Vaduva, partner, deputy head of advisory at KPMG.

Takeda, a global bio-pharmaceutical company based in Japan, has appointed Todor Kesimov to the position of Country Manager for its operations in Romania, starting with January 1, 2023.

Transilvania Constructii, a company that owns several industrial and commercial properties in Romania, with a total area of over 250,000 square meters, has bought an industrial park in the northern part of Arad.

Wizz Air on Thursday announced the launch of its first flights from Romania to Turkey, which will connect Romanian cities of Bucharest, Iasi and Cluj-Napoca to Istanbul and Antalya.

Romania's finance ministry raised RON4.19 billion on Thursday (Jan 19, 2023) selling bonds maturing in July 2029, at annual an average yield of 7.39%.