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FrieslandCampina Romania, one of Romania’s largest dairy producers, on Thursday inaugurated a new production line for the yellow cheese under the Napolact brand, at its factory in Cluj-Napoca, following an investment of approximately EUR3 million.
Restart Energy, one of the largest independent energy suppliers on the Romanian market, on Thursday said it signed a contract worth over EUR500,000 with sportswear manufacturer Cottontex.
The digital transformation of tax administrations and new regulations that place an increasing emphasis on the transparency of tax reporting are driving companies around the world to implement Next Generation Enterprise Resource Planning (NextGen ERP) solutions, and 24% of them already use such systems, while 86% are in the process of implementing them, in line with Deloitte Tax Transformation Trends – Technology in Focus study.
2Performant (2P.RO), the main player on the Romanian affiliate marketing market, on Thursday said it registered a turnover of RON8.4 million in the first quarter of 2022, up 53% on the year, and a loss of RON1 million versus RON1.7 million as initially projected.
Corina Popescu, the chief executive officer of Romania’s largest electricity distributor and supplier Electrica Group, has been replaced, market sources say, without providing a definite name.
Romanian state-owned military equipment supplier Romarm and its subsidiary Electromecanica Ploiesti have signed a memorandum with U.S.-based defence contractor Raytheon Missiles & Defense to start manufacturing SkyCeptor interceptor missiles for Patriot air defense systems, said the economy ministry.
New registrations of road vehicles for passenger transport decreased by 10% in Romania in the first quarter of 2022 compared to the first quarter of 2021, data from the country’s statistics board INS showed Thursday (May 5).
MedLife Medical System on Thursday (May 5) announced in a stock market report that it completed the acquisition of OncoCard Hospital in the central city of Brasov following its approval by the Competition Council.
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, has increased to 5.16% a year on Thursday (May 5) from 5.10% on Wednesday (May 4), as per central bank data.
BRD Group on Thursday said it ended the first quarter of 2022 with total revenues of RON810 million, up 7.5% on the year, and a net profit of RON263 million, up 18% from the year-earlier period, in line with the financial report released on Thursday (May 5).
Supermarket network Paco of Vrancea, a major Romanian player in the local food retail, posted 17.6% higher turnover in 2021, to EUR34 million.
Romanian-held CloudHero, specialized in software development and cloud services, plans to reach EUR2.3 million turnover this year, almost triple the 2021 level, as it already has EUR1.6 million worth of signed contracts.
Dumagas, one of the biggest freight carriers in Romania, controlled by investment fund Bancroft, ended the first quarter of this year with 10% higher turnover than in the year-earlier period, according to the company’s head.
Romanian Tudor Personal Tailor, a business specialized in the production of men’s made to measure suits, has recently opened a showroom in Iasi, the fourth in Romania.
Practic SA, one of Bucharest’s biggest owner of street-level retail space, cashed in EUR8 million after selling a 1,361-sqm land plot in Bucharest’s Primaverii area, in line with a report published on the Bucharest Stock Exchange.
Stomatology clinic Trident, with two units in Bucharest, aims to increase its turnover by 20% in 2022 from last year, which would take its business to over RON17 million, in line with ZF calculations based on company data.
Raiffeisen Bank posted RON218 million net profit in the first quarter of 2022, an increase of 10% on the first quarter of 2021.
Raiffeisen Bank posted RON218 million net profit in the first quarter of 2022, an increase of 10% on the first quarter of 2021.
Dutch company Envipco has completed an investment of more than EUR2 million in an equipment factory for the selective collection of beverage packaging, built in the city of Sebes, Alba County.
Dutch company Envipco has completed an investment of more than EUR2 million in an equipment factory for the selective collection of beverage packaging, built in the city of Sebes, Alba County.19075 items