Romania Feed

German-held building materials maker Xella is carrying out investments to expand the production capacity it has at the plant of Prahova county.

Home appliances maker De’Longhi Romania currently has 120 jobs available at the Jucu, Cluj county, coffee machine plant.

Europe's ten largest coffee shop networks together had more than 13,500 shops at the end of last year and Romania’s 5 to Go company accounted for 350 or 2.5% of them. The chain entered the top ten of the coffee shop network ranking on the tenth place in 2021, according to Food Service Europe & Middle East data analyzed by ZF.

Franklin Templeton, the manager of Fondul Proprietatea (FP.RO), recommends shareholders such as Pillar II pension funds, mutual funds and Silver Point Capital, to vote for a dual listing of Hidroelectrica at the General Meeting on November 15 and calls for caution to the proposal of the Finance Ministry, which owns 6% in the fund, about getting the money from the IPO as dividends.

Rondocarton, part of the Austrian group Rondo Ganahl, and one of the largest producers of corrugated cardboard in Romania, posted almost EUR60 million revenue in the first half of 2022, compared with the same period last year, the company said.

Lender Banca Transilvania (TLV.RO) has approved at the Extraordinary General Shareholders Meeting of October 18, 2022 the unfolding of a program of corporate bond issues, denominated in euro and/or RON and/or in another currency, with a maturity of no more than ten years, with the frequency of the annual or semi-annual coupon, as per a stock market report.

Vassilis Stavrou has been appointed Chief Executive Officer (CEO) of Valvis Holding Group and Executive Vice-President for International Development of Carpathian Springs, the bottler of AQUA Carpatica mineral water brand.

Companies in Romania lose large sums every year because of fraud schemes orchestrated by or with the help of their own employees, according to Corporate Intelligence Agency, a company specialized in intelligence services and risk management for the private sector.

Money transfer fintech TransferGo, launched in London in 2012 by four Lithuanian entrepreneurs, has exceeded the threshold of five million active customers, of which two million clients have been enticed over the last year.

New car registrations in Romania grew by 7.9% on the year to 95.276 units in January-September 2022, placing the country 13th in the EU, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed on Tuesday (Oct 18).

In 2022, Romanian employees focus mostly on increasing their income to cope with price increases (25%), on finding a new job (20%), on professional development (13%), on finding job satisfaction (10%), on avoiding burnout (8%) and on keeping their current jobs (6%), as per the latest survey conducted by online recruitment platform BestJobs.

Polish company Alsendo, held by private equity fund Abris Capital, one of the most active private investors in Romania, has acquired the majority stake in Innoship, a local startup offering fast delivery solutions for companies in the retail and e-commerce industry.

Mastercard plans to launch a global program enabling financial institutions to bring secure crypto trading capabilities and services to their customers.

The global economy seems to be settling into a regime of “stagflation” in the short term, where economic stagnation and rapid price rises coexist and, at the same time, the possibility of a global recession is becoming clearer, as per a Coface analysis.

Online supermarket Sezamo, part of Czech group Rohlik, has launched its e-groceries services in Bucharest and part of Ilfov county in the wake of EUR6 million investments.

Romanian cosmetics producer Farmec Cluj Napoca is opening a new Gerovital store in Bucharest, in Mega Mall shopping center, thus reaching 21 units under the brand.

TESLA Group, a producer of energy equipment and energy storage systems, is set to bring Terra storage battery for commercial use to Bucharest next Friday during the Solar Energy Bucharest Summit event.

Dacia’s Mioveni plant is still “on the cards” for a production capacity increase from 350,000 to 400,000 units, but decisions to this end are delayed by car part supply chain problems still hurting production.

Fast-food restaurant chain Mesopotamia has already set its name on the space of Bucur Obor where an Auchan unit operated previously.

The cosmetics and perfumery market in Romania will grow by 2.3% on average a year until 2026, an analysis by Virtual Board, a management information democratization platform that integrates artificial intelligence solutions into management consulting, shows. By comparison, the average annual pace in 2015-2021 was 3.1%, according to the same source.