Romania Feed
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ZF English - 09:19 Dec 19, 2022
Luxoft Romania, a wholly owned subsidiary of DXC Technology and one of Romania’s biggest software development and IT solutions company, has expanded its team in recent years and ends 2022 with 2,500 employees. -
ZF English - 09:08 Dec 19, 2022
French-Belgian retailer Cora, present in Romania with an omnichannel business including 10 hypermarkets, the ecommerce platform www.cora.ro and 8 cora Urban proximity stores, is cementing its online operations by expanding delivery services nationwide. -
ZF English - 08:54 Dec 19, 2022
BRD Pensii, which manages the Pillar II fund with the lowest net asset unit value since its launch in 2008, of RON23.49 vs RON10 in 2008, is contemplating several scenarios with regard with its exit from this segment, including sale to another manager or a possible activity transfer to BRD Asigurari de Viata, in line with ZF information. -
ZF English - 08:35 Dec 19, 2022
Global Business Solutions (GBS), the largest shared services centre of cigarette producer BAT, and one of the six worldwide, is moving Romania offices in the second development phase of One Cotroceni Park project, where it will fill a 10,500- square meter area. -
ZF English - 08:22 Dec 19, 2022
Courier services company Cargus, a major player on Romania’s market, plans to expand its activity in six European countries next year. -
ZF English - 19:07 Dec 16, 2022
Electroarges (ELGS.RO), one of the largest home appliances manufacturers in Romania, completed a bond placement that ended with 2 million bonds with a par value of RON2.5 each subscribed. In all, it raised RON5 milion cash, the company said in a report to the Bucharest Stock Exchange. -
ZF English - 17:48 Dec 16, 2022
The Justice District, the real estate project to be built on the Esplanada plot on Bulevardul Unirii in Bucharest, which should include 23 institutions, got its Detailed Urban Plan (PUD) approved, the Justice Ministry said. -
ZF English - 09:58 Dec 16, 2022
Romania competition authorities greenlighted the deal whereby ROCA Agri RDF, the farming holding of ROCA Investments, entirely takes over Dachim and Supliment companies controlled by Vetimex Capital group. -
ZF English - 09:13 Dec 16, 2022
Business angels investment platform Growceanu is investing EUR80,000 in MedTech startup MediNav, which uses AI to extract structured medical information, in a EUR250,000 round. -
ZF English - 08:35 Dec 16, 2022
Automobile Dacia and Ford, Romania’s two carmakers, in the first 11 months of this year manufactured 473,535 passenger cars, up 24.6% from the same period of 2021, in line with data provided by the the association of automotive manufacturers in Romania (ACAROM). -
ZF English - 08:27 Dec 16, 2022
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces the acquisition of three historical buildings in Bucharest with the purpose of restoring and transforming them into a new development of the company - One Downtown. -
ZF English - 08:10 Dec 16, 2022
Car parts producer Optibelt Power Transmission of Tautii-Magheraus locality, Maramures county, the local subsidiary of Germany’s Arntz Optibelt, in the first half of this year completed a EUR4.2 million investment in a hall for new production lines and in the development of the semi-finished products line. -
ZF English - 07:59 Dec 16, 2022
Real estate developer Novum Invest, with several projects in its portfolio, is expanding the seaside luxury housing compound Novum Grand Resort. -
ZF English - 07:45 Dec 16, 2022
The state-owned National Investment Company has this year finalized more than 70 sports infrastructure projects. The investments, worth RON800 million, were in fact projects envisaging the construction of swimming pools, sports compounds and sports halls. -
ZF English - 07:38 Dec 16, 2022
E-INFRA group, controlled by businessman Teofil Muresan, is heading toward consolidated turnover worth EUR400 million with a team of 800 employees. -
ZF English - 07:31 Dec 16, 2022
Cornel Stroescu, the entrepreneur behind Hastro Sovarna, an integrated business with RON11.5 million (around EUR2.5 million) and 100 employees in 2021, operating in Garla Mare, Mehedinti county, sold 20% of the company’s stock to Svetoslav Ilchovski, one of Bulgaria’s biggest landowners. -
ZF English - 20:28 Dec 15, 2022
Romania’s media market is expected to generate advertising revenue of EUR642 million in 2022, up 7% on the year, according to media agency Initiative Romania. -
ZF English - 19:07 Dec 15, 2022
The surprise of the end of the year on the IT, as well as the M&A market in Romania was the acquisition by GlobalLogic of Fortech Cluj, a Romanian IT services entrepreneurial company. -
ZF English - 18:13 Dec 15, 2022
The International Finance Corporation (IFC), a member of the World Bank Group, is granting a loan of EUR20 million to Patria Bank, a bank listed on the Bucharest Stock Exchange, as part of its larger efforts to spur economic growth and support small-scale entrepreneurs in Romania. -
ZF English - 18:04 Dec 15, 2022
Euromoney, an English-language monthly magazine focused on business and finance, has named UniCredit Bank Romania as Market Leader in Corporate Banking in its 2022 European Markets Leaders Survey, an independent global assessment of the leading financial service providers conducted across 100 markets.