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Farmexim-Help Net Group, part of German Phoenix Group since 2018, ended 2021 with a combined turnover of EUR848.5 million (over RON4.1 billion), 16% higher compared with 2020.
APS, a debt recovery company headquartered in the Czech Republic, has announced the acquisition from the Bank of Cyprus Group of a portfolio of Romanian non-performing loans (NPLs) and repossessed properties with a total contract value of EUR147 million.
Paval Holding, the investment vehicle of brothers Adrian and Dragos Paval who own do-it-yourself (DIY) retailer Dedeman, on Monday reported total revenue of RON1.37 billion for 2021, compared to RON3.3 billion in 2020, and a net profit of RON1.24 billion, down 60% on the year.
The Kazakh-Romanian Energy Investment Fund (FIEKR), held by KMG International and the Romanian State, has contracted a syndicated loan of EUR83 million that will be used to fund the construction of a new cogeneration plant on the Petromidia Refinery platform.
Agroland Business System (AG.RO), the Romanian retail, agriculture and food entrepreneurial group, which owns the largest network of agricultural stores in Romania, posted consolidated revenue of RON66.8 million in the first quarter, up 21% compared with the year-ago period and net profit of RON1.6 million, up 31%.
British American Tobacco (BAT), the largest player on the Romanian tobacco market, with a market share of over 50%, has increased the number of employees in Romania by almost 10% every year, with an average of 200 new employees recruited annually.
Romanian entrepreneur Eugen Saulea has announced the launch of DANTEM on the Romanian market, which he will develop alongside Czech businessman Petr Adámek.
Romanian video game developer Amber has relocated its more than 120 employees in Botosani to a new head office and plans to increase its Amber Botosani team by 100 more specialists, company representatives said in a statement.
Terapia Cluj, a local pharmaceuticals producer held by pharmaceuticals giant Sun Pharma, has acquired the Uractiv product range of the portfolio of Iasi-based company Fiterman Pharma, according to an announcement by Sun Pharma.
The Modernization Fund is a program of the European Union (EU) aimed at supporting ten Member States to meet 2030 energy targets by helping to modernize energy systems and improve energy efficiency.
Alpha Bank, ranked among the top ten largest lenders in Romania by assets, on Friday reported an operating profit of EUR5.6 million for the first quarter of 2022, up 143% from EUR2.3 million in the same period of 2021.
Verdino Green Foods, a Romanian producer of meat alternative products using pea protein, has concluded a strategic partnership with energy services company Resalta in order to take the first steps towards carbon neutrality.
The latest EY Mobility Consumer Index shows that 52% of respondents looking to buy a car plan to buy an electric vehicle (EV); it is the first time the number has exceeded 50%, representing an increase of 22% percentage points in just two years.
Capital city of Bucharest registered 13,537 jobless people (of whom 7,163 women) at the end of April 2022, taking the unemployment rate to 1.10%, data from the Bucharest Municipal Employment Agency showed 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, advanced to 5.95% a year on Friday (May 27) from 5.93% on Thursday (May 26), as per central bank data.
The European Reconstruction and Development Bank (EBRD) has recently announced it’s expanding its presence in Romania by opening a new regional office in Cluj-Napoca, the country’s second largest city.
Greek company Entersoft, a major player on the business software solutions markets of Greece and southeastern Europe, has acquired the majority stake in BITSoftware, a renowned supplier of business software solutions in Romania.
German building materials producer Hasit, part of Fixit group, reached RON76M Turnover in 2021, 18% higher year-on-year.
RTG Solar Energy, a project company owned by Nidik Holdings Limited of Cyprus, has obtained a technical approval to connect a 70.4 MW solar park of Giurgiu to the network.
Staer International, a company that controls several Staer-branded stores, ended 2021 with turnover worth RON89.2 million (EUR18.1 million), up 2.5% year-on-year, in line with ZF calculations based on Finance Ministry data.19075 items