Romania Feed

The first #Call4.0Leaders episode of 2022 sees us talking to Paul Harfas, Co-Founder of Octavic, a man on a mission of building Octavic’s Industry 4.0 MoM System as a go-to system for factory floor digitalization, while providing value to the industrial ecosystem by empowering Smart Factories to operate at top efficiency.   What projects have you carried […]

ROCA Industry, the holding which draws together the building materials manufacturers included in the portfolio of ROCA Investments has signed the acquisition contract of a 70% package of shares from Eco Euro Doors (EED).   The most important Romanian manufacturer of doors for residential buildings, with an experience of 27 years on the market and […]

QUALITANCE, the international tech and innovation company founded in Romania, has announced that the company’s operations will be led by Radu Constantinescu starting January 20th, 2022. QUALITANCE co-founder Radu Constantinescu takes over as Chief Executive Officer from Mike Parsons, who has held this position since 2020 and remains with the company as Chairman of the […]

Oves Enterprise, a Cluj-Napoca-based company specialized in software development, with turnover of around RON14 million at end-2021, announced it is set to open an office in Germany, in Munich, and expand its team by around 60 people this year.

Radu Piturlea, deputy chairman of Romanian builder Concelex, says the company wants to end the next two years with rising results and it already has contracts worth over EUR420 million sealed for the 2021-2025 period.

Michelin Romania, part of French group Michelin, one of the world’s biggest tire manufacturers, has come to have more than 4,500 employees locally.

Dedeman, leader of Romania’s do-it-yourself (DIY) market and the biggest Romanian entrepreneurial company by turnover, got beyond the 12,000-employee mark, in line with company data.

Portugal’s EDP Renewables (EDPR), the third strongest investor in Romania’s green energy, took over Beta Wind project company, the developer of a 151-MW wind project, according to market sources, with the deal marking the company’s return on the market.

Bicycle maker Eurosport DHS, controlled by Chinese and German investors, currently has 50 jobs available at the Deva plant.

Bucharest’s five-star hotel JW Marriott, managed by Societatea Companiilor Hoteliere Grand, ended 2021 with turnover at 45% of 2019 level.

Tulcea-based bakery company Lidas, controlled by entrepreneur Elena Anastase, stared construction works for the second bakery plant, in Cataloi, in a EUR46 million investment, half covered by state aid.

Cigarette wholesaler Punctual Comimpex based in Cluj-Napoca and owned by entrepreneur Vasile Muresan, ended 2021 with total revenue of RON850.8 million (EUR173 million), up 17.4% year-on-year, the data supplied by the company show.

Telecommunications operator Digi Communications (DIGI.RO) on Thursday night notified Bucharest Stock Exchange investors it had repaid EUR272 million of the group’s financial debt.

Rombat Bistrita sold 2.65 million automotive batteries on the markets where it operates in 2021, up 15% from the previous year, the company said.

Regional investment fund SIF Muntenia (SIF4.RO) said in a stock market report on Thursday that it was notified by regional investment fund SIF Banat-Crisana (SIF1.RO) of the latter’s overshooting the 10% ownership threshold of SIF4 shares following deals geld on January 18, 2021.

The roofing and insulating panels manufacturer Impro, a subsidiary of the Polish group of the same name, has planned investments in its factories in Romania, in Timisoara and Cluj-Napoca this year.

Romania's finance ministry on Thursday raised RON1.15 billion selling bonds maturing in 2026 and 2030, at annual average yields of 4.99% and 5.35%, respectively.

SmartWrap, a producer and distributor of smart flexible packaging, ended 2021 with a turnover of over EUR7.5 million, up 18% from 2020.

Shareholders of Evergent Investments (EVER.RO) on Thursday approved the reduction of the share capital to RON96.2 million from RON98.1 million in accordance with and motivated by the general meeting of shareholders of April 29, 2021, in line with a stock market report.

Romania's finance ministry has raised a total $2.4 billion tapping international markets with US dollar-denominated five and ten-year bonds, including the refinancing of dollar-denominated bonds issued in the previous years.