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Mihaela Antonescu, currently Chief Operating Officer (COO) at Wavemaker, will be taking over as Chief Executive Officer (CEO) of the agency, starting April 2022.
Forty Management, one of the leading real estate developers of mixed-use and urban regeneration projects in Romania, expects a turnover of RON397 million and a net profit of RON188 million in 2022, in line with this year's budget approved by the company's management last week.
Online retailer evoMAG, a major IT&C player on Romania’s e-commerce market, eyes EUR40 million turnover in 2022, up around 17% against 2021.
Poland’s startup merXu, an online B2B trading platform for Central and East European companies, has come to have almost 1,000 companies in Romania registered on the platform in around 3 months since it launched on the local market, with the pace being faster than in the neighboring country, Hungary.
Cristian Taban, chief executive officer of Dent Estet, established leader on Romania’s dental services market and part of MedLife group, says 2022 development plan includes the company’s entering at least three cities in Romania with new clinics.
Centrul Medical Provita, founded by doctor Ovidiu Palea, is carrying out its first investment outside Bucharest, the market it has so far grown on, and is set to open a pain therapy center in Suceava this spring.
The net assets of the 234 domestic and foreign open-end and closed-end investment funds operating in Romania grew by 4.7% in December 2021, to RON53.7 billion (EUR10.8 billion), and by 20.7% in 2021, the Association of Fund Administrators said Friday.
CEOs in Central and Eastern Europe (CEE), including Romania, are now looking to markets closer to home for potential expansion and growth opportunities, according to PwC’s CEO Survey 2022 for the CEE region.
Shareholders of regional investment fund SIF Transilvania (SIF3.RO) decided on Friday (Jan 28, 2022) to change the company’s name to Transilvania Investments Alliance, in line with a stock market report.
Romania ranks among the last European Union Member States regarding the minimum wage in January 2022, data from Eurostat, the statistical office of the European Union, showed on Friday.
Romania's general consolidated budget posted a deficit of almost RON80 billion in 2021, or 6.72% of the gross domestic product (GDP), versus 7.1% as projected at the last budget revision in 2021, finance ministry data showed Friday (January 28).
Filbo, a fintech platform for small entrepreneurs, held by the company OMRO, has attracted RON10 million from investors through a bond issue brokered by Goldring.
Law firm RTPR has assisted private equity fund SARMIS Capital in relation to the acquisition of a majority stake in Smart ID Dynamics, a provider of software and hardware solutions, with a turnover above RON85 million in 2021.
Brick Romania, a local DIY and home improvement retailer based in Constanta, wants to expand across Romania, including in capital Bucharest.
A report released Friday (Jan 28) by the Organization for Economic Co-operation and Development (OECD) shows that, according to OECD predictions, Romania’s economy grew by 6.3% in 2021 and is expected to grow by 4.5% in 2022 and 2023.
Norofert (NRF), Romania’s leading producer of organic inputs, said in a stock market report on Friday that the company’s Board of Directors decided the appointment of Mircea Fulga to the position of Chief Operations Officer (COO).
Alta Seeds, a brand of Advanta Seeds, part of Indian group UPL, producing genetics for sunflower, sorghum or rapeseed in Romania and providing integrated services, has reached a 6% market share in Romania after a 3-year presence.
Store network Fly Music, set up in 2006 by entrepreneur family Florin and Liliana Fodor, will grow abroad as well through online stores, after the first step has already been taken in Hungary.
Philips Orastie, part of Dutch giant Philips, at present has 100 jobs available for unskilled workers at the home appliances plant of Hunedoara, where the company produces coffee machines and oral hygiene products.
Cluj-Napoca-based ceramic tile producer Sanex, owned by Austria’s Lasselsberger, plans to invest around EUR2 million in 2022.19029 items