TeraPlast, the parent company of TeraPlast Group, said Wednesday in a stock market announcement that the Competition Council gave a favorable opinion regarding the sale of TeraPlast’s window profiles business line to Dynamic Selling Group – window profiles manufacturer and distributor.
BRD-SocGen approved 1,861 applications within the government-guaranteed IMM Invest program in 2020, with the value of financing reaching RON930 million, per data presented by François Bloch, CEO of BRD Groupe Societe Generale (BRD.RO), the third largest bank in Romania by assets.
Liberty Steel Group, part of Sanjeev Gupta’s GFG Alliance, announced Wednesday it would appoint Prasanta Mishra as the interim General Manager of its Liberty Galati plant in Romania.
Property investments in Romania stood at nearly EUR900 million in 2020, accounting for 8.5% of the total investment volume in the six largest countries in Central and Eastern Europe, according to Collier's CEE Investment Scene Q1-Q4 2020 report.
Rondocarton, part of Austria’s Rondo Ganahl, the largest corrugated cardboard manufacturer in Romania, made EUR12.5 million investments last year, mainly in upgrading and automating its plants in Apahida, Cluj and Targoviste, Dambovita.
Czech online home deco retailer Bonami had sales of EUR10 million in Romania in 2020, nearly 60% higher than in 2019, driven by higher demand as people spent more time at home due to pandemic restrictions.
Romania’s exports rose 5.1% in December compared with the year-ago month, which shows the economy is slowly starting to recover.
Local pharmacy chain Tinos Farm will open two more pharmacies in the first half of 2021 to add to the 18 it already has in Bucharest and Ilfov, after having seen its revenue rise by 25% to RON47 million in 2020.
BRD Groupe Societe Generale (BRD.RO), the third largest bank in Romania by assets, on Wednesday reported a net profit of RON951.5 million for 2020, down 37% on the year.