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Learning platform Adservio, developed by entrepreneur Alexandru Holicov from Iasi, has raised an investment of EUR2 million from Catalyst Romania Fund II, one of the leading venture capital funds in the region and the funds will be used to scale the business and expand on other markets in Europe.
The number of metro passengers grew by 53% year-over-year in the first three months of 2022, with March seeing a record high of the last two years as pandemic-related restrictions were lifted, which shows a gradual resumption of activity in Bucharest-based office buildings, as per a report by real estate consulting firm Cushman & Wakefield Echinox based on data from Bucharest underground system operator Metrorex.
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), has recently completed a USD$4.2 million investment in the modernization of the Vacuum Distillation Plant (DV) within the Vega Ploiesti refinery, the company said in a stock market report on Wednesday.
First Bank (the former Piraeus Bank), held by American private equity investment firm J.C. Flowers, on Wednesday said it recorded a net profit of RON57.1 million for 2021, significantly higher than the level reported in 2020, and operating revenues of RON354 million, up 7% from 2020.
Kané Group specialized in unique hospitality concepts for craftspeople and small producers, has reached a valuation of RON20 million after receiving a financing of RON1.8 million from Autonom Ventures, the investment division founded by brothers Dan and Marius Stefan, the owners of Integrated mobility services provider Autonom Services.
Stay Fit Gym, the second largest chain of gyms in Romania by the number of fitness centers opened, together with private equity fund Morphosis Capital, announces the setup of an Advisory Board.
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, climbed to 5.37% a year on Wednesday (May 11), higher by 3.07% than 5.21% a year on Tuesday (May 10), as per central bank data.
Romania's trade balance posted a deficit of over EUR7.1 billion in January-March 2022, higher by EUR1.8 billion compared with the first three months of 2021, data from the country's statistics board INS showed Wednesday.
Romania's annual inflation rate jumped to 13.8% in April 2022 compared to April 2021, data from the country's statistics board INS showed Wednesday (May 11).
Viessmann SRL, part of Germany’s heating, industrial and refrigeration systems group Viessmann, with total EUR3.4 billion revenues and 13,000 employees, for 2021 reported turnover of RON203 million (EUR41.3 million) turnover, up 11.6% on the year, in line with ZF calculations based on Finance Ministry data.
German-held car parts supplier Kromberg & Schubert currently has 120 jobs available at the plant of Nadab, located around 40 km away from Arad.
Poland’s retail group CCC, operating particularly on the footwear market, in 2021 generated RON661 million (626.7 million zlotys) turnover, up 33% from 2020.
Donna Medical Center, a business set up in 2011 by Elena Claudia Teodorescu, a radiologist specialized in breast imaging, ended the first quarter of this year with 15% higher turnover than in the same period of last year, according to the company’s officials.
Ansthall Trading, a company majority held by Vicenzo Randisi, a 50-year-old Italian, is set to invest EUR7 million in a cookie and flour product plant in Ialomita county, in line with information he provided to ZF.
Electro-IT retailer Altex saw its turnover near RON6 billion last year, after a 16% advance from 2020. The business grew fivefold in a decade.
Zentiva Bucuresti, the medicine plant present in the local market for 60 years, has invested a total EUR44 million over the last 12 years in the production facility based in capital city Bucharest, according to company data.
Ecaterina Matei is joining the management team of advertising agency Cheil Î Centrade, the hub for Southeast Europe of the Cheil Worldwide network, and will be coordinating the division newly launched by Digital Media, which complements the portfolio of integrated communication services provided to customers in the region.
French retailer Carrefour, present on the local market since 2001, has decided to extend its lease contract for 5,000 square meters of office space within the Green Court project developed by Sweden’s Skanska in northern Bucharest, in the Barbu Vacarescu – Floreasca area.
Amsterdam-based food-delivery group Just Eat Takeaway, which operates food ordering and delivery platform takeaway.com, announced on Tuesday (May 10) that it decided to discontinue operations in Romania, starting June 1, 2022.19075 items