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Grup Serban Holding (GSH.RO), a Romanian entrepreneurial company active in several fields in agriculture, said in a stock market report on Thursday (Feb 9) that it concluded a letter of intent for the entire acquisition of a company located in Vaslui County.
Neakaisa.ro, an online store specializing in the sale of bathroom sanitary ware, recorded EUR5.7 million sales last year, 20% more than in 2021, amid higher demand for medium and high-quality products, therefore with higher prices.
In 2022, Raiffeisen Bank granted a total 2,333 loans within the IMM INVEST programs for more than 2,000 customers operating in various fields of activity, with an approved value of EUR592 million.
Romania's central bank has decided at its board meeting on Thursday (February 9), its second monetary policy meeting of 2023, to keep its benchmark interest rate on hold at 7% a year.
Startup firm TOKHIT based in Cluj-Napoca, which developed a social network application based on Gaming, A.I. and Blockchain, has attracted financing worth $100 million from an international investment fund, company representatives said in a press statement.
The members of the Association of Romanian Brewers re-elected Dan Robinson, Managing Director of Heineken Romania, to the position of President, starting with January 2023.
Romania's trade balance posted a deficit of EUR34.09 billion in 2022, higher by EUR10.4 billion (+44%) compared with 2021, data from the country's statistics board INS showed on Thursday (February 9).
More than half (56%) of Romania managers and entrepreneurs have hiked the sums earmarked for investments in 2023 against 2022, while 27% of them have kept them unchanged, reveals ASEBUSS Investment Index survey, a quarterly research trying to convey a clear image of Romania company investment climate.
One United Properties (ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, has obtained the construction license for One Lake District, a large-scale 2,076-apartment sustainable housing development located on the banks of Bucharest’s Plumbuita lake.
Online bookstore Libris.ro in 2022 saw turnover inch up to RON68 million, from RON65 million in 2021.
Beltrame, the group that owns Donalam Calarasi and several operations in Targoviste, plans to triple production capacities at Targoviste plant this year, to 300,000 tons per annum.
The Bucharest Stock Exchange, where companies with RON230 billion total capitalization are traded, namely around 16% of Romania’s GDP, in 2022 hit a record high number of investors.
Construction material manufacturer Soceram (Campina) plans to build a new plant in Doicesti, Dambovita County, where it already has a production facility, in order to relocate the operation.
East Group (Cluj County), controlled by several entrepreneurs from Romania and Hungary, ended 2022 with consolidated revenue of RON1.063 billion (EUR215.7 million). Grain trader East Grain, the largest company of the East Group, posted more than RON714.2 million (EUR144.8 million) revenue last year, the company said.
Biodegradable paper packaging manufacturer Exonia, a business controlled by entrepreneur Tiberiu Stoian, ended last year with RON31.1 million revenue, up 29% on the previous year, and EBITDA of RON10.1 million, 75% higher than in 2021.
Automotive components manufacturer Optibelt Power Transmission in Tautii-Magheraus, Maramures County, the local subsidiary of the German group Arntz Optibelt, estimates about RON448.2 million (about EUR91 million) revenue for 2023, an increase of more than 22% on the almost RON336.4 million (EUR74.3 million) of last year.
High-Tech Systems & Software (htss), a provider of business software services, is aiming for EUR40 million revenue this year, which would mean an increase of around 25% compared with last year, the company said in a press release.
Winemaker Purcari (WINE.RO) announced on the Bucharest Stock Exchange that Firebird funds reported a holding of over 5%, or 2 million shares, as of February 3, 2023.
PORR Construct, part of the Austrian group of the same name, has budgeted investments of more than EUR10 million in the Romanian market for 2023.
Romanian company Incrys (the former Crys Computers), specialized in providing consulting, testing and software development services, on Wednesday announced the acquisition of Cluj-based IT services company USOURCE, the representatives of the two companies said in a statement.19080 items