Romania Feed
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ZF English - 06:11 Jun 15, 2021
More than 10,000 employees or 10% of the total employees in Bucharest work in the IT&C sector, ZF has calculated from national Statistics Institute data. In Cluj, 9% of the employees work in the IT sector and in Iasi almost 8%. -
ZF English - 17:54 Jun 14, 2021
German-held automotive component manufacturer Dräxlmaier will be investing EUR200 million at its factory in Timisoara (western Romania), over the next six years, to produce batteries for electric vehicles, Timisoara mayor Dominic Fritz said Monday. -
ZF English - 16:19 Jun 14, 2021
Half of the 12 million shares bought by large investors in the initial public offering (IPO) preliminary to the listing of river freight transporter Transport Trade Services (TTS) on the Bucharest Stock Exchange was acquired by three investors, respectively, Paval Holding, Dutch group NN and private pension fund VITAL. -
ZF English - 15:30 Jun 14, 2021
Romania's finance ministry on Monday raised 255 million lei (EUR51.8 million), above the planned RON200 million, selling a new issue of bonds maturing in April 2036 at an average yield of 4.18%, central bank data showed. -
ZF English - 15:04 Jun 14, 2021
Medical operator Medima Health, specialized in medical imaging and radiology, is expanding and opening its fifth clinic, in Otopeni, following an investment of EUR1.5 million. -
ZF English - 13:09 Jun 14, 2021
Romanian apparel manufacturer Braiconf Braila (BRCR.RO) has received a financing of EUR400,000 from lender Raiffeisen Bank, which is guaranteed by EximBank, within the COVID-19 state aid scheme intended for large companies. -
ZF English - 09:52 Jun 14, 2021
Romania's current account balance posted a deficit of EUR4.71 billion in the first four months of 2021, compared with a deficit of EUR2.274 billion in the same period in 2020, central bank data showed Monday. -
ZF English - 08:51 Jun 14, 2021
BlackPeak Capital, a private equity firm focused on investing growth equity in Southeast Europe, successfully completed first closing at EUR68.5 million of its target EUR120 million BlackPeak Southeast Europe Growth Equity Fund. -
ZF English - 08:37 Jun 14, 2021
Even though pension funds generated about RON4.4 billion (EUR900 million) net profit for the employees paying into them, 2020 was a bad year for pension fund managers due to the RON14.6 million losses they posted together, which, however, were six times lower than in 2019. -
ZF English - 08:11 Jun 14, 2021
Metaminds, an integrator of cybersecurity solutions and complex IT solutions, had a turnover of RON156 million in 2020, up 23% on the year, while its net profit grew 20%, to RON8.9 million, finance ministry data showed. -
ZF English - 08:00 Jun 14, 2021
Romanian startup LifeBox, founded by Radu Balaceanu, Florin Scarlat, and Lukasz Kuzniar, is expanding outside Romania and enters the healthy food delivery in Hungary under the brand FrissBox. -
ZF English - 07:47 Jun 14, 2021
Pork producers expect prices will grow 25% this year compared with 2020 as African swine fever dwindles local production boosting imports, and the cost of animal feed recorded double-digit growth. -
ZF English - 07:45 Jun 14, 2021
Oscar Downstream, the largest entrepreneurial business in the oil product sector in Romania, saw its net profit grow 3.4 times to RON155 million, as the company managed toe expand its customer base despite a very difficult market. -
ZF English - 07:02 Jun 14, 2021
Nemo Express Logistic and Nemo Prod Com Impex, the companies of the parcel delivery group Nemo Express, posted RON118.6 million revenue together last year, 16% lower compared with 2019, when the revenue stood at RON142 million, ZF has calculated from Finance Ministry data. -
ZF English - 06:47 Jun 14, 2021
Romania has three home appliances manufacturers with more than RON1 billion revenue for the first time – Arctic, De’Longhi and Philips Orastie. The pandemic gave a boost to the industry, which saw growth of almost 20%. -
ZF English - 13:37 Jun 11, 2021
Paval Holding, the financial investment vehicle of brothers Adrian and Dragos Paval – who own DYI retail chain Dedeman, has acquired 5.3% in river freight transporter Transport Trade Services (TTS) for RON31 million. -
ZF English - 13:17 Jun 11, 2021
Rainwater and roofing systems manufacturer Raiko Transilvania (RKOT.RO) had a turnover of RON6 million in 2020, up 28% on the year, and a net profit of RON373,737, up 70% on the year, it said in its annual earnings report. -
ZF English - 13:05 Jun 11, 2021
German automotive group Continental will be shutting down its ContiTech factory in Nadab, Arad county in western Romania, and will relocate production to Carei, Satu Mare in northern Romania. -
ZF English - 09:49 Jun 11, 2021
NN Pensii, the largest private pension fund manager on the mandatory segment in Romania (Pillar II), has acquired 7.58% in Transport Trade Services (TTS), the biggest freight transporter on the Danube, which means it has invested nearly RON44 million. -
ZF English - 08:56 Jun 11, 2021
Arctic Stream (AST.RO), a provider of services in the field of technologies and telecom equipment, data centers and software solutions, on Thursday raised RON21 million via a private stock placement which was more than seven times oversubscribed.