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JD Agro Cocora, part of Romania Farm Invest A/S owned by Danish investors, is focusing on becoming a top grain grower in the coming years, with its expanding the cultivated area by as much as 20,000 hectares being a short and medium-term priority.
Greek-held builder Aktor, part of Ellaktor group, aims to focus on construction opportunities in Romania, a country with high infrastructure development needs.
Amdaris Romania, which provides software development services, dedicated support for web products and strategic consultancy, ended 2022 with about RON39 million (EUR7.8 million) revenue, 95% higher than in the previous year.
Bicycle manufacturer Sport Mechanical Workshop in Timisoara, which works exclusively for sporting goods retailer Decathlon, ended last year with more than RON132 million revenue, an increase of 60% on 2021.
Lödige Industries, one of the world's leading suppliers of logistics systems and lifting solutions, is expanding its capacities at its factory in Brasov (central Romania), aiming to almost double the production area to more than 4,000 square meters and to also build additional office and sanitary facilities.
Lithuanian Group Apex Alliance and Paval Holding, the latter of which is held by the Paval brothers, the owners of DIY retail chain Dedeman, have completed the acquisition of the Grand Hotel Gardone and announced an investment plan of EUR45 million for renovation and restauration works due to start in 2024.
ENGIE Romania has teamed up with Etrel and launched a management solution for electric vehicle (EV) charging stations, available to individuals, companies and public charging stations.
Germany’s Bosch ended fiscal 2022 with consolidated sales of RON2.5 billion (EUR512 million) in Romania, an increase of 4% on 2021, while investments made last year stood at RON410 million (some EUR83 million), going mainly to the development of the production facilities in Cluj and Blaj, as well as to the Bosch engineering center in Cluj.
Macromex, leader in the Romanian food industry in the frozen and refrigerated products segment, has appointed Mihai Calin to the position of Chief Financial Officer (CFO).
Tobacco company British American Tobacco (BAT) on Wednesday said it had a total contribution of RON10.5 billion (EUR2.1 billion) in excise and taxes to the Romanian state budget in 2022.
Cooling systems producer RAAL posted a turnover of nearly RON389.3 million (about EUR79 million) in 2022, up 20.5% compared to 2021, in line with calculations by Ziarul Financiar (ZF) based on finance ministry data.
Romanian-held edtech startup Youni has expanded presence in Central Asia by opening two new offices in Kazakhstan and Uzbekistan and plans to open new offices in Poland and Hungary by the end of 2023.
IULIUS Group plans to start in 2024 the construction of the eighth office building within the Palas Iasi project.
Flip.ro, a Romanian startup founded in 2019 that encourages circular economy by refurbishing mobile phones that are reintroduced on the market as good as new, has paid EUR4.8 million to Romanians who sold their phones through the online platform during the first four months of 2023, up 32% compared to the same period of 2022.
The current role of the CFO in Romania today is more oriented on protecting and optimizing value (38%) than on growing value (24%), while the future ideal state shifts the focus of the Finance leaders towards the growing value activities (40%) and less on protecting the value (22%).[2]
ALD Automotive has completed the full acquisition of LeasePlan, one of the world's global leaders specialized in car fleet management and mobility solutions, from a consortium run by TDR CAPITAL.
Tire maker Pirelli Tyres Romania, the local subsidiary of Italy’s Pirelli, currently owned by state-run China National Chemical, posted RON4.388 billion (EUR889.8 million) revenue in 2022, an increase of 38.5% on the RON3.168 billion (EUR644 million) of 2021, Finance Ministry data show.
Real estate developer One United Properties (ONE.RO) has notified shareholders about the signing of an agreement to sell an asset, an office building of One North Gate SA, in which it owns 76.395%, the developer said in a report to the Bucharest Stock Exchange.
FAN Courier, the leader of the parcel delivery market in Romania, is doubling its locker network to some 2,000 FANboxes in the entire country, the company said in a release.
OTP Bank has officially confirmed via an announcement by its management that OTP Bank Romania is up for sale, a process that may take a few months and if successful, the deal should be closed in one year, banking market sources told ZF.19080 items