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Romanian startup easySales, which set up an automated B2B management and e-commerce platform, plans to attract EUR600,000 financing round via technology startup investment platform SeedBlink.
Consumers around the world are facing rising prices and 47% of respondents expect to spend more on groceries over the next six months, in line with PwC’s Global Consumer Insights Pulse Survey 2022.
LIBERTY Steel Group, which includes LIBERTY Galati, the largest steel producer in Romania, has reached a standstill agreement with Greensill Bank, its largest creditor, on the debt facilities relating to its European steel businesses.
Portland Trust, the investment fund having ARES Management and Bluehouse as equity partners, has finalized the sale of Expo Business Park compound, of Bucharest’s Expozitiei area, to Austria’s S Immo, which also owns Bucharest’s shopping center Sun Plaza.
HAIR03 pre-emptive rights issued for the share capital increase carried out by Holde Agri Invest, a Romanian company operating farmland, will start trading n Wednesday (June 15), according to the Bucharest Stock Exchange.
Heineken Romania, the second largest brewer locally, ended 2021 with turnover worth RON1.37 billion, up 9% from the previous year, as beer market volumes remained flat from 2020.
Accor hotel group plans to go beyond the 1,000-employee mark by the end of 2022, having 950 employees at present.
OMV Petrom (SNP.RO) the largest company on the Bucharest Stock Exchange, whose profitability is tied to the price of fuel, on Tuesday evening announced it would submit a proposal to shareholders to pay special dividends of RON0.045/share, as a result of its “financial strength”, the company said in a release.
Romania’s largest mobile phone and tablet wholesaler in Romania, Gersim Impex, posted almost RoN40 million net profit in 2021, 8% higher than in the previous year, Finance Ministry data show.
Romania’s current account deficit increased by EUR3.4 billion to EUR7.5 billion in January-April, Romania’s central bank data published on Tuesday show.
Romania’s total external debt shrank by EUR66 million to EUR134.5 billion in January-April, of which direct public debt accounted for EUR56.3 billion, EUR2.4 billion lower than on December 31, 2021, Romania’s central bank data released on Tuesday show.
TBI Bank, which has operations in Romania, Bulgaria, Germany and Lithuania, posted EUR10.2 million net profit in the first quarter of 2022, 40% higher than in the year-ago period.
Bittnet Systems (BNET.RO), an IT&C solutions integrator and provider of training services in the IT sector, sold 11.9% in the capital of Dendrio Solutions to investment fund Agista Investments, for RON7.49 million.
Sighetu Marmatiei-based Plimob, whose shareholding structure includes Vasile Godka, a major local supplier of chairs for Sweden’s IKEA, reported turnover worth RON190.5 million (EUR38.7 million) for 2021, up 7.5% year-on-year, in line with ZF calculations based on Finance Ministry data.
Maspex Romania, a major player on the soft drinks, as well as on the pasta markets, ended 2021 with RON805.7 million turnover, up almost 18% on the year, in line with ZF calculations based on company data.
German giant Bayer, one of the world’s biggest players in the chemical and pharma industry, which has seed production and fertilizer and plant protection product sales operations in Romania, projects two-digit revenue growth in 2022, after a very good first-half.
Electrical and optical fiber producer Prysmian of Slatina, part of Italy’s Prysmian group, ended the first quarter of this year with 18% higher turnover against the year-earlier period.
Construction company Procema in 2021 hit RON494 million turnover, up 28% from 2020. Profit climbed to RON35.4 million, a 62% increase, while the company’s average number of employees remained flat at around 160.
Oleg and George Tapu, the entrepreneurs owning the two DIY Artsani stores of Prahova county, have an over RON6 million investment budget for 2022. One of the plans envisages e-commerce expansion.
CTP Group, the largest owner, developer and manager of industrial and logistics space in Continental Europe, has invested around EUR160 million in the expansion of CTPark Bucharest North, which will exceed 200,000 square meters by the end of the year, as a result of strong rental demand.19080 items