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Expanded polystyrene (EPS) manufacturer Hirsch Porozell, the local subsidiary of Austria’s Hirsch Servo AG, last year topped RON200 million in turnover, after a 52% increase from the 2020 figure, in line with ZF calculations based on Finance Ministry data.
The over 370 coffee shop-network 5 to go is likely to expand next year with a warehouse covering the needs of the coffee and associated products import and distribution arm.
Zeelandia Romania, the local subsidiary of the Dutch group by the same name, which makes bakery, pastry and confectionery ingredients, ended 2021 with RON62 million revenue 32% higher than in 2020, which means last year was the best in the more than two-decade history of the company in Romania.
Geological survey company Prospectiuni Bucuresti (PRSN.RO), controlled by businessman Ovidiu Tender, posted RON28.5 million revenue in the first three months of the year, an increase of 92% from the RON14.8 million in the year-ago period, the financial report published on the Bucharest Stock Exchange shows.
Romania’s general consolidated budget posted RON16.33 billion deficit in the first four months of 2022, lower than the RON20.70 billion level reported in the year-ago period, in line with finance ministry data released on Wednesday (May 25).
Romanian startup firm Machinations.io, which developed a browser-based platform to design and predict game economies & systems for premium, free2play, and play2earn games, has raised $3.3 million in Series A funding.
Simplify, the business ecosystem for online stores, said on Wednesday (May 25) that it expanded its logistics operations with a new 1,500-square meter e-fulfilment center in Cluj-Napoca (north-western Romania).
The European Commission (EC) has approved a Romanian scheme worth EUR100 million to support the regeneration of damaged forests and the scheme will be funded through the Recovery and Resilience Facility (RRF).
The data center built near Craiova (southern Romania) by Cluster Power with the help of Tema Energy’s engineering team has officially achieved the Tier III Design certification from the US Uptime Institute.
The global Great Resignation phenomenon will continue next year with even more pressure on wage growth. In Romania, 40% of employees plan to ask for a pay raise over the next year and 16% want to change employers, according to the results for Romania of the PwC Workforce Hopes and Fears global survey released on May 24.
An International Monetary Fund (IMF) team headed by Jan Kees Martijn, the IMF mission chief for Romania, will visit Bucharest between May 30 and June 10 to undertake the periodic review of Romania's economy, known as the Article IV consultation, as per an announcement by Nadeem Ilahi, IMF Senior Regional Representative for Central, Eastern and South-Eastern Europe.
NEPI Residential, the residential division of NEPI Rockcastle, on Wednesday said it sold 35% of the apartments of the Vulcan Residence complex, only seven months from the start of construction works.
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, increased to 5.90% a year on Wednesday (May 25) from 5.83% on Tuesday (May 24), as per central bank data.
Promateris (PPL.RO), a Romanian industrial group and the main producer of biodegradable packaging in CEE, announced it obtained a new grant from the part of EEA & Norway Grants within the project Green Energy Production for the manufacturing of bio-based and compostable packaging, developed in partnership with Norway’s Norsk Energi.
Agroland Agribusness (AAB.RO), a Romanian entrepreneurial business, part of Agroland group, specializing in the sale of farming inputs, ended the first quarter of this year with operating revenue worth RON15.9 million, up 86% from the same period of last year, RON1.5 million EBITDA, up 201%, and net profit worth RON0.84 million, 110% higher than in 1Q/2021.
Freight carrier World Mediatrans of Timis, one of the most dynamic companies in this field, founded in 1997 by Gabriel Lungu, with 23 offices locally and logistic warehouses in Budapest, Barcelona and Bratislava, ended the first three months of this year with 15% higher turnover than in the corresponding period of last year.
Duvenbeck Logistik, one of the largest transport and logistic companies in Romania, for 2021 reported turnover worth RON366.5 million (EUR74.5 million), up 12.4% year-on-year, in line with ZF calculations based on Finance Ministry data.
Grain trader Promat Comimpex of Tasnad, Satu Mare, controlled by Swiss group Ameropa and by entrepreneur Cristian Moldovan, in 2021 generated net profit worth RON43.3 million (EUR8.8 million), up 31% from the previous year.
Bookstore chain Carturesti, controlled by Nicoleta Dumitru and Serban Radu, in the first quarter of 2022 saw sales rise by 20% from the same period of last year.
Farmaciile Myosotis, one of the strongest regional pharmacy brands, reached turnover worth RON243 million (EUR49 million) in 2021, up 9% from 2020.19075 items