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Germany’s Metro Group, which owns a local network of 30 cash & carry stores, is making a surprising move towards production, investing in its own meat processing line. This production facility is located in the logistics warehouse in Stefanesti.
Romania’s Finance Ministry raised RON567 million from banks via a government paper auction, at an annual yield of 9.23% on Monday, June 20.
The group of companies that owns the Romanian cosmetics brand Cupio has leased 3,200 square meters of warehouse space in the CTPark Timisoara Ghiroda project, located near Timisoara International Airport, to support plans to develop its network of physical stores, as well as its online store.
Romania’s Competition Council has greenlighted the takeover of Porsche Bank Romania by Dan Ostahie, the businessman who owns the Altex Group.
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, inched up, from 6.17% to 6.18% a year, on Monday (June 20).
Industrial space demand remains high in 2022, particularly in the western and central areas of Romania, with developers having 500,000 square meters under construction, and 44% of the area is already pre-leased, reveals a CBRE analysis.
Senior Software, a local provider, developer and integrator of software solutions for business management, has earmarked EUR300,000 to develop its operations in Timisoara, with this being the fifth city the company is expanding in.
Building materials producer Duraziv saw its turnover go up by 24% in 2021, the year it entered the portfolio of French group Saint-Gobain. Thus, the result hit RON180 million.
Bacau-based Barleta plant, producing paper bags and sacks for major supermarket chains, pharmacy networks or bakery makers, ended last year with turnover worth RON100 million (EUR20.6 million), from RON89.8 million (EUR18 million) in 2020.
Hotel compound Cheile Gradistei, controlled by businessman Ovidiu Garbacea, posted record high turnover in 2021, of RON41 million, 50% higher on the year.
Sergiana group, a major player on the meat market, but one on Brasov restaurant market, has taken over Calul Balan restaurant of Neptun and is set to open it on July 1st, after refurbishment investments.
Nuclear power producer Nuclearelectrica (SNN.RO) placed with Banca Romaneasca a term deposit without extension in the amount of RON61.28 million on June 17, 2022, the company informed shareholders via a report to the Bucharest Stock Exchange on Friday.
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, was flat on Friday and ended the June 13-17 week at 6.17% threshold.
Cigarette and vaping products manufacturer Philip Morris will invest $100 million in 2022-2023 to develop the production capacities for smoke-free products in Romania and reduce the impact over the environment.
Romania’s advertising market is likely to expand by 7.4% in 2022, being further dominated by TV, which attracts 56% of investments, reveals an analysis by GroupM.
Water bottler Calipso, owned by Florica and Daciana Siderache, expects turnover to surge by 75% this year against 2021, to RON121 million, in the wake of an extensive investment process, in line with information provided by the company’s representatives.
Tire producer Pirelli Tyres Romania, the local subsidiary of Italy’s giant Pirelli, currently owned by China’s state-owned China National Chemical, for 2021 reported turnover worth RON3.168 billion (EUR644 million), 25% higher than in 2020.
Medisprof Cancer Center, a company founded by doctor Carolina Udrea, which owns a hospital in Cluj-Napoca, is set to invest EUR2 million in Piatra Neamt oncology center .
Vlad Teodorescu, managing partner of Donna Medical Center of Bucharest, a business set up in 2011 by Elena Claudia Teodorescu, a radiologist specialized in breast imaging, says the company is set to further develop organically on the Bucharest market.
Austria’s Wienerberger Group, which produces building materials, has appointed Christian Reingruber as interim managing director of its Romanian subsidiary, after Iulian Mangalagiu left the company, Wienerberger representatives said.19080 items