Romania Feed

Supermarket network Paco of Vrancea, a major Romanian player in the local food retail, posted 17.6% higher turnover in 2021, to EUR34 million.

Romanian-held CloudHero, specialized in software development and cloud services, plans to reach EUR2.3 million turnover this year, almost triple the 2021 level, as it already has EUR1.6 million worth of signed contracts.

Dumagas, one of the biggest freight carriers in Romania, controlled by investment fund Bancroft, ended the first quarter of this year with 10% higher turnover than in the year-earlier period, according to the company’s head.

Romanian Tudor Personal Tailor, a business specialized in the production of men’s made to measure suits, has recently opened a showroom in Iasi, the fourth in Romania.

Practic SA, one of Bucharest’s biggest owner of street-level retail space, cashed in EUR8 million after selling a 1,361-sqm land plot in Bucharest’s Primaverii area, in line with a report published on the Bucharest Stock Exchange.

Stomatology clinic Trident, with two units in Bucharest, aims to increase its turnover by 20% in 2022 from last year, which would take its business to over RON17 million, in line with ZF calculations based on company data.

Raiffeisen Bank posted RON218 million net profit in the first quarter of 2022, an increase of 10% on the first quarter of 2021.

Raiffeisen Bank posted RON218 million net profit in the first quarter of 2022, an increase of 10% on the first quarter of 2021.

Dutch company Envipco has completed an investment of more than EUR2 million in an equipment factory for the selective collection of beverage packaging, built in the city of Sebes, Alba County.

Dutch company Envipco has completed an investment of more than EUR2 million in an equipment factory for the selective collection of beverage packaging, built in the city of Sebes, Alba County.

Romanians bought medicines worth RON22.2 billion (EUR4.51 billion) in the period April 2021 – March 2022, at wholesale prices, 22.6% more than in the year-earlier period, in line with the Cegedim Customer Information report.

Ioana Gorganeanu has taken over the position of Head of Marketing and Communication Mastercard for Romania, Croatia, Israel and the countries in the Balkan region.

Veeam Software, the leader in backup, recovery and data management solutions that deliver Modern Data Protection, today announced that it has appointed John Jester as Chief Revenue Officer (CRO). Jester will lead Veeam’s go-to-market growth strategy and help build upon Veeam’s position as the #1 provider of Modern Data Protection solutions spanning Cloud, Virtual, Physical, […]

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.

Stay Fit Gym, the second largest chain of gyms in Romania, after the number of open centers, announces the complete takeover of two fitness centers owned by the Gym District in Pitești. This is the second M&A transaction announced by Stay Fit Gym after taking over Neby Fitness, a center in the Piața Domenii area […]

Amber, the largest Romanian independent game development studio, posts a record turnover of 30.5 million USD (126.8 million lei) in 2021, a 56% increase year on year.   “2021 has been an excellent year for Amber, a year when we saw massive growth in the sales pipeline, driven by the investments carried out over the […]

SoftServe, a technology company and specializing in consultancy services and software development, has opened a new office in Romania’s capital city of Bucharest, as part of its strategy to expand global delivery capabilities.

Distributie Energie Electrica Romania, the electricity distribution subsidiary of Electrica Group, has an investment plan of RON689 million for 2022, for the modernization and development of the electricity distribution system.

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The Bucharest Stock Exchange on Wednesday said the shares of Chromosome Dynamics will start trading on the AeRO market, the equity segment of the Multilateral Trading System, under the stock ticker CHRD, on Thursday, May 5.