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Transilvania Nuts, a walnut kernel processor owned by Romanian entrepreneurs Levente Bara and Alexandru Chiric, is currently deriving approximately 55% of its revenue from foreign markets and is planning to enter new markets.
Companies operating in the Romanian technology sector, public or private, which register accelerated growth, may enroll in the Technology Fast 50 Central Europe competition organized by Deloitte across 17 countries in the region.
Technology startup investment platform SeedBlink has opened an office in Athens, Greece, being its second branch outside Romania.
Almost 118,000 transactions were carried out on the Bucharest Stock Exchange in May 2022, 44.6% more than in May 2021, but against the background of smaller volumes.
Insurance company Allianz-Ţiriac ended the first quarter of 2022 with underwritten gross premiums of almost RON820 million, more than twofold the level reported in the same period of 2021, with sales growth being driven by the expansion of the customer portfolio.
Cronos Med, the leading player on the Romanian medical aesthetics market, together with private equity fund Morphosis Capital, announces the setup of an Advisory Board consisting of three top executives in the medical field.
Meetgeek.ai, a technology startup that builds an AI meeting assistant helping teams take control over their meetings, has completed an investment round of EUR500,000 run by investment fund Early Game Ventures (EGV), company representatives said in a statement.
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, grew to 6.17% a year on Thursday (June 16) after stagnating at 6.15% a year for three days, as per central bank data.
Real estate developers are further expanding their retail project portfolios in Romania, so that spaces with a total area of above 500,000 square meters are announced for the next four years, reveal Bucharest Retail Market and Romania Retail Regional Cities reports recently launched by Cushman & Wakefield Echinox.
City Grill group, controlled by businessman Dragos Petrescu, is adding the first hotel to its portfolio. The hotel is due to be opened on July 1st in the historic building that hosts Hanu Berarilor, close to Bucharest’s old town.
Stonevault, a Baia Mare-based producer of sofa springs, expects turnover to double this year against 2021, so that it may reach sales of above RON120 million (around EUR25 million).
Dolo Trans Olimp (DTO), controlled by entrepreneur Cristian Dolofan, ended last year with RON407.8 million (EUR84 million) revenue, up 7.5% on the previous year, public Finance Ministry website data show.
The building materials manufacturer Soceram in Campina, owned by Mihai Anastasescu, is investing in upgrading of its factories in Dambovita County, in parallel with the plan to build a new production facility.
The 2022 edition of a pan-European survey shows 46% of Romanians and Hungarians believe their purchasing power has decreased over the last 12 months.
Almost a year and a half since Romanian carmaker Dacia unveiled the new logo alongside with the Bigster concept, French group Renault, the owner of Dacia, presented the entire Dacia range with the new logo and also with a new design line.
TMK Hydroenergy Power, part of CEZ Group, has started works on a new hydropower plant in Caras Severin County, on the Barzava River, within an investment worth EUR700,000.
Black Sea Oil & Gas SA (BSOG) together with its co-venture partners, Petro Ventures Resources SRL and Gas Plus Dacia on Wednesday announced that production has started from the Midia Gas Development (MGD) Project and first gas was already delivered to the National Transmission System.
Banca Comerciala Romana (BCR), the second largest lender in Romania by assets, is launching a new issue of green bonds.
The increase in construction costs represents the biggest challenge of 2022 for 90% of real estate companies in Romania and in other countries in this region of Europe, as per Deloitte Real Estate Confidence Survey for Central Europe 2022 conducted in the second quarter of 2022 in Romania, Poland, the Czech Republic and Hungary.
The seven mandatory private pension funds in Romania (Pillar II) have generated an annual average yield of 7.3% for the 7.8 million Romanian participants over the last 14 years, the Romanian association for private pensions APAPR said in a statement Wednesday.19080 items