Romania Feed

Tissue paper manufacturer MG TEC Industry, based in Dej and founded in 2018 by entrepreneur Vasile Hasmasan, distributes 60% of its products to several countries across Europe.

US Burger King group, one of the most famous fast-food chains in the world, reported a turnover of RON54 million in 2021 in Romania, more than double the level reported in 2020.

Synevo Romania, the largest player in the medical laboratory market, posted RON447 million revenue in 2021, up 40% compared with the previous year, according to the data submitted by the company for the ”Cei mai mari jucatori din economie” (Key players in the economy) yearbook.

Romania's finance ministry raised RON550 million on Thursday (June 23), above the planned level of RON300 million, selling bonds maturing in 2034, at an annual average yield of 9.07%.

Raffaello Shoes Factory, the largest footwear manufacturer in Romania, held by Italy’s Grisport, reported for 2021 a net profit of nearly RON7.3 million (EUR1.5 million), tenfold higher than nearly RON713,000 (EUR148,000) reported in 2020, as per public data.

LEMET, one of the largest local furniture manufacturers in Romania, has invested more than EUR7 million in the construction of new production facilities and the development of the LEMS furniture store network in the first half.

OMV Petrom, the largest integrated energy company in Southeastern Europe, will produce sustainable aviation fuel at the Petrobrazi refinery by co-processing locally produced rapeseed oil, the company said in a stock market report.

After the acquisition of COS Targoviste in March this year, AFV Beltrame Group, one of the largest producers of steel bars and special steels in Europe, started the process of staff recruitment and modernization of the plant and started the production of rebar under the Donalam brand, thus reaching two steel processing plants in Calarasi and Targoviste.

Cristian Secosan, General Director of Delgaz Grid Romania, was re-elected for a new term as president of the Foreign Investors Council (FIC).

Softbinator Technologies, a Romanian software company founded by Daniel Ilinca, on Thursday announced the conclusion of a sale-purchase agreement for the full takeover of E-spres-oh, an IT company based in Timisoara, in order to expand its customer portfolio, especially on the US market.

Bicycle manufacturer Eurosport DHS, controlled by Chinese and German investors, posted RON388.6 million (EUR79 million) revenue in 2021, up 16% from the previous year’s more than RON334.8 million (EUR69.2 million), ZF has calculated from publicly available data.

The management of technology company AROBS Transilvania Software (AROBS.RO) on Thursday (June 23) informed the market about the start of the buy-back program of its own shares, that will take place between June 23, 2022 and December 20, 2023.

ING Bank Romania has granted investment loans worth over EUR25 million over the last three years to Boromir, the largest Romanian-held business in the milling and bakery sector.

Four months after the start of hostilities in Ukraine, first lessons can be drawn: the conflict, which is set to last, has already upset the global geo-economic balance.

Nuclear power producer Nuclearelectrica (SNN.RO) placed with state-run lender CEC BANK a term deposit in the amount of RON393.35 million, the company informed its shareholders and investors via a report to the Bucharest Stock Exchange on Thursday (June 23).

ASEE, the largest IT company in Southeast Europe (SEE), part of ASEE Group (Asseco Group) is acquiring Romanian company Bithat Solutions, which develops storage, digitalization, archiving and management solutions (data and documents), the two companies said in a statement.

Wine producer Crama La Salina is listing its first bond issue, worth EUR2 million, under the stock ticker ISSA26E, on the Multilateral Trading System (MTS) of the Bucharest Stock Exchange, on June 23, 2022.

Ransomware, info-stealers, phishing emails: malware has many faces, and many companies and organizations reveal weaknesses in the defensibility of their IT security systems. Hackers blackmail companies with their own data, a backup is not available and so the restoration of the systems sometimes takes months until daily operations can be returned to. By Dan Popa, […]

The overall economic situation and the social and political context are the main reasons for concern for Romanian Millennials and Generation Z, who expect worse economic conditions (59% of Millennials and 49% of Gen Z) and sociopolitical context (55% and 45%, respectively) this year, up by at least ten points compared to last year, according […]

The real estate developer STC Partners launches the residential project Quartier Azuga with over 200 apartments and an investment of more than 20 mil. Euro. The apartment complex, located in the Doamna Ghica area of Bucharest, will be developed in two phases, with five buildings.   The developer will start construction of Quartier Azuga this […]