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Prime Kapital has opened a new shopping center in the town of Ploiesti, called Prahova Value Centre, and has started the sale process for the Pleiades Residence residential complex.
Multinational media and digital marketing communications group dentsu has appointed Florian Skala to the position of Chief Commercial Officer, a strategic position at senior management level created to consolidate the growth and commercial operations of the group in Romania and on the markets in Southeast Europe.
Parcel delivery company Cargus has inaugurated nine warehouses in 2021 and its expansion plans target the opening of six new logistics centers in 2022, the company said in a statement.
Romania's finance ministry will be launching three new bond issues for the general population Monday, December 6, which can be subscribed until December 20, 2021.
Construction group TeraPlast announces the expansion of its management team with the appointment of Laszlo Vajda as development director. He will start work in December and will coordinate development strategies for all companies within the group.
In 2019, Romania recorded the highest national VAT compliance gap with 34.9% of VAT revenues going missing in 2019, placing it first among European Union Member States, in line with a PwC analysis citing data from the European Commission report released on December 2, 2021.
Libra Internet Bank, the first bank in Romania to offer a 100% online bank account and 100% online loan, continues the financing through the capital market and lists its second bond issue, worth EUR40 million. The bonds are traded on the Bucharest Stock Exchange’s Main Market, under the ticker LIBRA28E, on Friday (December 3).
Cris-Tim, one of Romania’s biggest entrepreneurial businesses, is considering new market segments, but also boosting its operations set to generate around EUR150 million this year, up 17%.
Valcea-based healthy food producer SanoVita, founded in 1995 by three entrepreneurs, ended the first nine months of this year with 12% higher revenues and expects to hit RON85 million turnover in 2021, according to its officials.
Meta Estate Trust, a holding-type company operating in the real estate field, has successfully completed the last private placement ahead of AeRO listing scheduled for 2Q/2022.
Footwear retailer Benvenuti, controlled by local entrepreneur Dan Pavel, opened the sixth Enzo Bertini store in Romania, and the third in Bucharest, in Sun Plaza Bucharest.
Cosmin Buzaianu, a stakeholder in Focsani-based packaging maker Electric, says the company has invested EUR2.5 million to double production capacity for all packaging types.
Agricola Bacau, a major player on Romania’s poultry market, also producing cold cuts, as well as ready meal items and eggs, invested in its own research center to tailor supply to market demand, said Grigore Horoi, the chairman of Agricola group, with revenues of above RON730 million in 2020.
Oradea-based producer of PVC and aluminum windows and doors Optimedia, owned by Romanian entrepreneurs Marius and Simona Pantis, for the first 11 months of 2021 reported turnover of around EUR41 million, 44% higher than in the same period of last year.
Ergonomic chair maker Antares Romania, a subsidiary of Czech group Antares, expects to hit turnover worth RON37.7 million (EUR7.6 million) in 2021, in line with ZF calculations based on company data.
Romania’s economy significantly slowed down its growth rate in the third quarter of 2021 and a slight recession is possible in the fourth quarter of 2021, in the context in which the economy exceeded the pre-pandemic level, the pandemic situation keeps deteriorating and the rising inflation has started to bite on people's household income, according to OTP Bank analysts.
Automotive component manufacturer Compa Sibiu (CMP.RO) said in a stock market report Thursday that private pension fund Vital, managed by Aegon Pensii, owns 12.3 million Compa shares, respectively 5.62% of the company’s voting rights, following several deals carried out on November 24, 2021.
Polish fashion retailer Sinsay, part of LPP Group, will be opening two stores in the Family Market shopping centers developed by Iulius Group in Iasi County.
Claudia Pendred has received the approval of Romania’s central bank for the position of independent member in the Supervisory Board of Raiffeisen Bank.
Law firm Filip & Company has assisted DIGI Group in the process of selling DIGI Távközlési Szolgáltató Ltd. and the subsidiaries Invitel, I TV and DIGI Infrastructure towards 4iG, which operates on the Hungarian IT and telecom market.19015 items