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Carniprod Tulcea, one of Romania’s biggest meat processors, controlled by entrepreneur Nicolae Ciuleac, whose business was hurt by the swine flu in 2018, expects to end 2021 with the same turnover as in 2020, of around RON70 million.
Construction materials manufacturer TeraPlast plans to create 200 jobs by end-2022, reads the group’s latest financial report.
October came with a fast-paced increase in the average price of old three-room apartments in Bucharest to more than EUR105,200, a decade high that has not been reached since the first half of 2009.
The volume of logistics and industrial spaces leased in the first nine months of 2021 totaled 562,000 square meters, slightly lower by 3% versus the same period in 2020, with the leasing activity being backed mostly by new demand, which accounted for 86% of the total volume transacted, per data from real estate consulting firm Cushman & Wakefield Echinox.
Natural gas producer and supplier Romgaz (SGN.RO) on Tuesday evening notified the Bucharest Stock Exchange that its board of directors had endorsed the acquisition of 50% in Neptun Deep block from ExxonMobil Corporations and Production Romania Limited.
Tinervis Group, the operator of the Luca pretzel shop chain, posted RON124.5 million (EUR25.8 million) sales in 2020, about 7% lower than the RON133.8 million (EUR28.2 million) of 2019, Finance Ministry data show.
Cargo transport company Vio Transgrup based in Dambovita county reported a turnover of RON163.6 million (EUR34 million) for 2020, up 8.5% on the year, per calculations by Ziarul Financiar based on finance ministry data.
Pharmaceutical manufacturer Biofarm (BIO.RO) has inaugurated a new pharmaceutical manufacturing and testing facility in capital Bucharest, which entailed an investment of over EUR35 million.
French real estate group Catinvest continues the expansion of the Electroputere Parc shopping center in Romania’s southern city of Craiova along with the inauguration of a mixed-use building which consists of 8,300 square meters of Class A office space and 4,400 sqm of retail space, as part of a total investment of over EUR40 million.
Swiss-held car parts manufacturer Satrotec AG has received the approval of Romania’s tax authority ANAF for the restructuring of RON2 million worth of tax debts, on the basis of government ordinance no. 6/2019.
Employers in Romania advertised over 309,000 jobs in the first ten months of 2021, almost 10,000 more than the level reported for full-year 2020 and 16% more than in January-October 2002, data from recruitment website eJobs showed Tuesday.
Mobile phone, tablet and accessories distributor Phonetastic GSM ended the first nine months of 2021 with a turnover of RON210 million, up 23% from the same period of 2020, amid higher sales of mobile phones, wearables, gadgets and smart devices.
The Bucharest Stock Exchange on Tuesday said the bonds issued by Ocean Credit IFN, in the amount of EUR1.86 million, will start trading on the Multilateral Trading System, under the ticker symbol OCIFN26E, on Wednesday, November 3, 2021.
Romanian BCR Group, owned by Austria's Erste, posted a net profit attributable to the majority shareholder of EUR195 million in the first nine months of 2021, up 38% year-over-year, Erste said in its earnings report Tuesday.
Bebe Tei, a brand part of Grupul Tei, opened a new store, in Bucuresti Mall-Vitan shopping center, reaching a network of five stores of this type.
Lender Banca Comerciala Romana (BCR), owned by Austria's Erste Group, on Tuesday reported net profit of RON1.14 billion (EUR232.5 million) for the first nine months of 2021, 35% higher than in the same period of 2020, due to improved operating performance and lower risk costs.
Genesis College took over the nursery franchise Kipina Kids in 2021, an education model using Finnish pedagogy. Genesis College founder Ioana Necula said the first nursery following this model would be opened in summer 2022.
Romania had 6,000 more accommodation places at end-July 2021, but the number is half the level in the same period of 2019, in line with statistical data.
Bus transporter FlixBus Romania saw the number of passengers slump by 74% in summer 2021 against the summer 2019, but passenger numbers doubled compared with summer 2020.
Carmen Pavel, the head of J’Info Tours travel agency, one of the biggest on the Romanian market, says travel circuits have come to generate even as much as 10-15% of the company’s turnover, while the business travel segment has collapsed.18981 items