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Romanian home deco chain Delta Studio is readying to develop its second housing project and targets the luxury segment with 30 houses in Corbeanca, Ilfov county, in an investment put at over EUR5.6 million, explained Dragos Bonea, a stakeholder and general manager in the company.
Teletext, owner of Diami dairy brand, controlled by entrepreneur Mitru Crisan, expects turnover to hit EUR18 million this year, from EUR16 million in 2021.
Technology company AROBS Transilvania Software, listed on the AeRO segment of the Bucharest Stock Exchange as AROBS, posted revenue of RON52.6 million in the first three months of the year, 33% higher than in the same period last year.
Philip Morris Romania exports stood at EUR718 million in 2021, seven times higher than in 2016 and 90% of the vaping products and cigarettes made in Otopeni are exported to 50 countries, the company officials said.
Romania's finance ministry raised RON615 million on Thursday (May 26), selling bonds maturing in 2034, at an annual average yield of 7.95%.
German Bosch group, which has more than 8,000 employees in Romania, plans to boost its local workforce by at least 400 people.
Chemical producer Chimcomplex (CRC.RO), with industrial platforms in Onesti and Ramnicu Valcea, has bought 2,138 shares, respectively 94.4% of the share capital of Sistemplast Ramnicu Valcea.
The net assets of the 236 domestic and foreign open-end and closed-end investment funds operating in Romania grew by 1.2% in April 2022, to RON52.1 billion (EUR10.5 billion), and dropped by 2.9% since the beginning of 2022, in line with the latest data from the Association of Fund Administrators.
Clean Recycle, one of the largest players in the local packaging transfer market, targets a turnover of EUR3.8 million and a total 56.000 tons of packaging waste processed in the first half of 2022.
CBRE Romania said in a survey that 88% of investment transactions in the Romanian office segment involve buildings with green certifications, making the office sector the most representative when it comes to buildings with sustainability standards, followed by logistics and retail.
Romanian company Roweb, which implements end-to-end software solutions, aims to increase its e-commerce division in 2022, in terms of both teams and projects, company representatives said in a statement.
The European Commission has approved a Romanian scheme worth EUR300 million (RON1.5 billion) to support companies in the agrifood industry in the context of the coronavirus pandemic.
Softbinator Technologies (CODE.RO), a Romanian software developer specializing in designing, developing and launching innovative products, on Thursday announced the start of procedures to fully acquire Digital Tailors, a company specialized in product marketing services.
Chemical producer Chimcomplex on Thursday said it would increase the salaries of its employees starting with June 2022.
Financial analysts expect the Romanian leu will depreciate to an average of 5.0584 units to the euro in the next 12 months, while inflation is seen averaging 8.43% during the same period, a monthly poll by CFA Romania showed Thursday (May 26).
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 5.93% a year on Thursday (May 26) from 5.90% on Wednesday (May 25), as per central bank data.
eMAG, the biggest online retailer locally, in 2021 registered RON5.682 billion turnover in Romania, according to Tudor Manea, the company’s CEO.
Courier services company Nemo Express Logistic, part of group Nemo Express, in 2021 hit RON137.9 million turnover, pointing to revenues shifting back to the 2019 level, of RON137 million.
Germany’s B. Braun, active in Romania’s health sector for over 20 years, ended 2021 with total turnover worth RON518 million, 15% higher than in 2020, in line with ZF calculations based on public data for the six companies part of the group.
PGS Sofa & Co, controlled by Parisot family of France, for 2021 reported turnover worth RON348.7 million (EUR70.9 million), up 24% from the previous year, in line with ZF calculations based on Finance Ministry data.19075 items