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Carmo Lact Prod, a dairy and cheese producer of Monor, Bistrita-Nasaud, controlled by entrepreneurs Eugen Creosteanu, Ioan Neagos and Alin Neagos, reached RON158.4 million turnover in 2021, after a 19% increase from the previous year, in line with ZF calculations based on Finance Ministry data.
CrisTim group, one of Romania’s biggest meat producers by turnover, controlled by Radu and Cristina Timis, is set to invest RON50 million this year to retool the cold cuts plant of Filipestii de Padure, Prahova county, in the accommodation capacity of Casa Timis mansion of Chitorani locality and in energy production for self consumption.
The Foreign Investors Council (FIC) believes the current budgetary challenges must be tackled through sustainable measures for the Romanian economy targeting to address current problems without jeopardizing the country’s economic future by overburdening companies or generating a perception of regulatory instability.
French hotel group Accor has recently signed a franchise agreement with local company Leader D.G.S. Construct for the opening of an ibis Styles hotel in the town of Fagaras.
PwC Romania on Thursday announced that Adriana Costea and Radu Badiceanu were promoted as Partners in the Tax and Legal Advisory Practice and the Technology Consulting Practice, respectively, effective July 1, 2022.
Energy supplier Getica 95, held by businessman Viorel Tudose, ended 2021 with a turnover of RON1.9 billion, up 25% from RON1.5 billion in 2020.
Trustul de Montaj Utilaj Chimic Bucureşti (TMUCB) - Bucharest Chemical Equipment Assembly Trust - one of the oldest privately-held Romanian companies and one of the largest companies in the construction sector, is exiting insolvency after eight years, insolvency practitioner CITR, part of Impetum Group, said on Thursday (June 2).
ABIT Puresoft and Efecte have concluded an official partnership in Romania whereby a Service Management and Identity and Access Management Platform will be launched on the Romanian market.
Shareholders of lender Banca Transilvania (TLV.RO) unanimously approved at their general meetings of April 28, 2021 and of April 28, 2022, respectively, the lender’s purchase of own shares on the capital market as part of a stock option plan program, in line with a stock market report.
The Bucharest Stock Exchange (BSE) saw a 1.7% decrease in May 2022, as measured by BET (Bucharest Exchange Trading index) -the first index developed by BSE which includes the most traded stocks on the local market-, but gained 0.45% if dividends are priced in BET-TR (the total return version of BET), as per calculations by Ziarul Financiar (ZF) daily based on stock market data.
Romania’s airports reported a total three million passengers for the first three months of 2022, over three times more than in the same period of 2021, in line with data from the Romanian Civil Aviation Authority (AACR), as quoted by Ziarul Financiar (ZF) daily.
British American Tobacco (BAT), with a market share of 50% on the local tobacco market, on Thursday said it had contributed over EUR125 billion to Romania’s economy during its 25 years of activity on the local market.
TEILOR Holding on Thursday announced the appointment of Mircea Varga as Chairman of its Board of Directors.
Japan Tobacco International (JTI), one of the largest cigarette manufacturers in Romania, on Thursday said it appointed Alexander Pitchka to the position of General Manager of JTI Romania, Moldova and Bulgaria.
Industrial production prices for the domestic and non-domestic markets grew by 47% in April 2022 versus April 2021, but were 1.9% lower compared to March 2022, data from Romania’s statistics board INS showed Thursday.
Romania's foreign exchange reserves increased by EUR419 million in May 2022 versus April 2022, to EUR40.5 billion, central bank data showed Thursday.
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 5.99% a year on Thursday (June 2) versus 5.97% on Tuesday (May 31), as per central bank data.
ABC Plus Media, the company that operates television channel National TV, recorded losses of RON1.1 million (around EUR225,000) in 2021, in line with Finance Ministry data.
Dogan Media International, part of Turkey’s group Dogan, which operates television channel Kanal D and Radio Impuls network, reached turnover worth RON266.6 million (EUR53.9 million) in 2021, 22% higher than in 2020, in line with Finance Ministry data.
Campus Media, the company that operates television channel Digi TV, controlled by DIGI group, reported turnover worth RON81.3 million (EUR16.4 million) in 2021, up 12% from 2020, in line with Finance Ministry data.19075 items