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Hungarian low-cost airline Wizz Air carried just 3 million passengers across the entire network during the April-June 2021 period, but despite an increase compared to the same period in 2020, the load factor is below the 2019 level.
Agricost, the largest grain and oilseeds farm in Romania by cultivated land, located in the Great Braila Island, has opened in 2021 the third alfalfa processing plant. The project of the construction from scratch of the three factories rose to EUR65 million.
Law firm Wolf Theiss has provided legal assistance to lender Banca Comerciala Romana (BCR) for the latter’s first issuance of senior preferential green bonds worth RON500 million, based on BCR’s Multi Issuer EMTN program.
Romania's nuclear power producer Nuclearelectrica (SNN.RO) said in a stock market report Wednesday that it concluded with Societatea Enel Energie Muntenia an annex to a contract which stipulates the wholesale energy sale in the amount of RON249.5 million between January 1, 2021 and December 31, 2022.
British American Tobacco (BAT) announced that it had signed up to the United Nations-backed Race to Zero campaign, committing to net zero emissions by 2050.
Startup Smart Fintech, launched two years ago by Mihaela Georgescu, Ana Maria Georgescu, Alexandru Cociu and Andrei Dumitru, marks a new premiere in Romania, becoming the first third-party provider (TPP) licensed on both open banking segments.
Medical operator Medima Health, specialized in medical imaging and radiology, ends its first year of activity on the Romanian market with six operational clinics across the country, following investments of over EUR7 million.
Nuclearelectrica (SNN.RO), the only nuclear energy producer in Romania, is the first Romanian company to join the World Economic Forum as a member in two strategic areas: Platform for Shaping the Future of Energy Materials and Infrastructure and the Partnering Against Corruption Initiative.
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, continued its upward trend on Wednesday (October 20) and reached 2.25% a year, after stagnating at 1.20%-1.21% a year for five days, per central bank data.
Craiova-based Softronic, Eastern Europe’s only factory producing electric frames and locomotives, delivered four electric locomotives to Sweden’s rail freight carrier Green Cargo and expects reception for two other electric locomotives in the same country, Radu Zlatian, the company’s development-research manager, told ZF.
Agricultural cooperative Nucul de Aur, based in Suceava and made up of 20 fruit and vegetable producers of Suceava, Iasi, Botosani and Vaslui counties, has finalized RON5.8 million investments in a dehydrated fruit plant funded from EU funds and a banking loan.
Parmalat Romania, the producer of Santal fruit beverages, part of French group Lactalis, in 2020 generated turnover worth RON51.4 million (EUR10.7 million), down 13% year-on-year, in line with ZF calculations based on Finance Ministry data.
Bento-Intellectually Curious, a Romanian entrepreneurial company specialized in developing and implementing software solutions and providing IT and Cloud infrastructure services, intends to list its stock on the AeRo market of the Bucharest Stock Exchange by yearend.
Online home deco retailer Bonami, part of Czech group Miton, in the first half of this year registered a 10% sales increase in Romania against the same period of 2020 and the company is now readying for the holiday period for which it expects sales of around EUR4 million.
Parcel delivery company Cargus expects the revenue to be the same as last year, one of the best for the local parcel delivery industry. However, the coming period could have a significant impact on the final results, considering the busiest time of the year for such companies is just around the corner.
The opening of more and more infrastructure construction sites has led to builders buying specialized trucks for them and the segment drove up the heavy vehicle market, especially after a 2020 that affected transport truck sales worldwide.
The board of directors of chemical industry company Chimcomplex (CHOB.RO) has approved calling an Extraordinary General Meeting of Shareholders for November 26 to seek approval for raising the maximum share buyback price from RON15 to RON30, a report sent to the Bucharest Stock Exchange on Tuesday says.
Synaptiq, a Romanian startup based in Cluj-Napoca that increases the performance of healthcare services by developing AI-based solutions for delineating tumors and organs at risk, closes a EUR250,000 funding round with the participation of investment fund GapMinder VC through business accelerator Techcelerator, Cleverage VC and angel investors – entrepreneurs Daniel and Ioan Istrate.
ING Bank Romania granted a loan of EUR15.5 million to Romanian company Gersim Impex, a wholesaler of mobile phones and tablets in Romania, which will use the funds for working capital.
Sarmis Capital, the largest private equity fund dedicated to Romania and neighboring countries, has acquired a significant majority stake in Corporate Office Solutions (COS), the leading integrated office fit-out services provider in Romania, for an undisclosed amount.19710 items