Found 19015 news
Telecom operator Digi, controlled by businessman Zoltan Teszari of Oradea, announced it sealed the sale-purchase contract for its Hungarian operations with 4iG.
Impact Developer & Contractor, the real estate developer controlled by entrepreneur Gheorghe Iaciu, took out a EUR4.2 million loan from Garanti Bank, due in June 2024, to secure working capital.
Dan Ostahie, founder of computer and electronics retailer Altex, says the company will function on two budgets next year, one built on flat turnover, the second on 15% growth.
A number of 1,044 employees left the Romanian banking system and 184 subsidiaries and branches closed down in the period between the first nine months of 2020 and the first nine months of 2021, in line with NBR data.
Automotive industry wiring producer Leoni, part of Germany’s group Leoni, currently has 222 jobs available.
Cluj-Napoca-based cigarette wholesaler Punctual Comimpex, owned by entrepreneur Vasile Muresan, expects to end 2021 with total turnover worth RON 835 million (around EUR169 million), up 14% from last year, in line with ZF calculations based on company and Finance Ministry data.
FAN Courier, Romania’s leading courier services company, is expanding to the Republic of Moldova as part of its CEE development strategy, according to the company’s officials.
Natural gas producer and supplier Romgaz (SNG.RO), the most valuable state-run company listed on the Bucharest Stock Exchange, had about RON3.4 billion in cash, cash equivalents and other financial assets, such as bank deposits and government paper as of September 30, 2021, the latest financial data available show.
With a R&D intensity of 0.5% of the gross domestic product (GDP), Romania ranks last among European Union Member States, data from Eurostat, the statistical office of the European Union, showed on Monday.
Aquila Part Prod, the largest player on the consumer goods distribution market with over 26 years of experience, has started trading its shares on the Main Market of the Bucharest Stock Exchange under the ticker symbol AQ, on Monday (Nov 29).
The Bucharest Stock Exchange on Monday said the bonds issued by Libra Internet Bank worth EUR40 million would start trading on the Main Market on Friday (December 3), under the ticker LIBRA28E.
Managers in Romania expect relative stability of the economic activity and in the manufacturing industry, retail trade and services, alongside a robust growth in prices of construction works and in retail prices for the period between November 2021 and January 2022, data from the country’s statistics board INS showed Monday.
Unirea Shopping Center (SCDM.RO), which operates two retail centers in Bucharest and Brasov, on Monday said it registered a loss of RON36 million in January-June 2021, compared to a net result of RON7.1 million in the year-earlier period, as a result of setting up provisions worth RON29 million relate to the company’s activity.
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, grew to 2.66% a year on Monday (November 29) from 2.63% a year on Friday (Nov 26), per central bank data.
Ion Bican, managing officer of CER Cleaning Equipment, the company operating the production of Germany’s Karcher domestically, says the company is set to end 2021 with EUR110 million.
Corporate Office Solutions (COS), specializing in turnkey office interiors, will enter the segment of custom made furniture production through a possible acquisition as the company wants to tap into the housing segment of the real estate market, as well as international markets, explained Christophe Weller, founder and CEO of COS.
Sanitary ware manufacturer Cersanit expects 2021 turnover to rise by over 20% against 2020.
“We’re constantly seeking specialists, having around 30 open positions at present,” says Ovidiu Pascutiu, general manager of Saint-Gobain Romania.
Walter Friedl, managing partner of wine producer Lacerta, expects the company’s 2021 turnover to be flat from 2020. Last year, turnover hit RON4,9 million, down 24% year-on-year.
Theta Furniture & More, one of the biggest players on Romania’s furniture and interior design market, will open an office in Brussels in 2022, with Paris to also be included in its expansion plans.19015 items