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Jewelry chain Teilor, controlled by entrepreneur Florin Enache, plans to raise EUR8 million (RON40 million) from Bucharest Stock Exchange (BSE) investors through a private placement handled by BT Capital Partners and scheduled for November, in line with ZF data.
Furniture retailer Ikea, present with two stores in Romania, went beyond the RON1 billion turnover mark domestically in the financial year ended on August 31, 2020, according to the group’s representatives.
FAN Courier, Romania’s leading courier services company, expects to generate RON1.1 billion revenues this year as in the first nine months volumes rose by 10% against the year-earlier period, according to the company’s representatives.
Chiajna-based Renaissance Public Service, the only Romanian-held TV set manufacturer, posteda turnover worth RON323 million in 2020, down 25% from 2019. Its profit rose, however, to over RON10 million, up 25% year-over-year.
Online sales will see an about 23% growth in Romania in 2021, higher than the European average put at 12%, Romania’s association of online stores ARMO said in a release.
Romanian IT company AROBS Transilvania Software primarily owned by Cluj-based entrepreneur Voicu Oprea has completed a private stock placement on Friday and raised RON75 million from investors, ZF has found.
The annual inflation rate would probably rise over the short time horizon to much higher values than those anticipated in the August forecast, which had indicated a 5.6% in December 2021 and levels of around 3.4% starting the third quarter of 2022, Romania’s central bank (BNR) Board members said during the monetary policy meeting on Friday.
Romania’s central bank (BNR) warns about the Government’s fiscal policy stance, which is likely to jeopardize budget consolidation. Romania has a high budget deficit, which will be very difficult to curb, since the budget has high permanent expenditures, Romania’s central bank Board said during its monetary policy meeting on Friday, October 5.
The global IPO (initial public offering) market continued to boom through the third quarter of 2021, resulting in the most active third quarter by deal numbers and proceeds in the last 20 years, according to the EY IPO Q3 2021 report.
Dent Estet, the established market leader in the field of dentistry services in Romania, part of MedLife Medical System, has acquired the majority stake of 60% of the shares of Stomestet Cluj, one of the leading dental clinics in central region of Transylvania.
Tailent, the Romanian tech company known for democratizing access to Robotic Process Automation (RPA) solutions, continues to expand globally and is entering the Portuguese market through a partnership with integrated management solutions provider Winsig.
New car registrations in Romania grew by 4.3% on the year to 88,262 units in January-September 2021, placing the country 14th in the European Union, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed Friday.
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 Friday (October 15) and reached 2.2% a year, from 2.15% a year on Thursday (October 14).
The volume of Romanian construction works decreased, in unadjusted data, by 5.8%, in August 2021 compared to August 2021, and by 5.2% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed Friday.
Nicoleta Munteanu, founder and main stakeholder in EuroinSol, in 2020 launched Kids in Business, an entrepreneurial education project so far accessed by over 1,500 primary school pupils of private and public schools.
French-owned Axeria, headquartered in Lyon, plans to enter Romania’s RCA (auto liability insurance) market.
Domestic company Yellow Restaurant, managing under the Yellow.Menu brand a virtual restaurant selling its own dishes through an online platform, has recently launched two new services especially targeting the B2B segment.
Dacia and Ford car plants are constantly adjusting production depending on chip supplies, and new halts are scheduled in the coming weeks.
Compania Hoteliera Intercontinental, the company managing Bucharest’s five-star hotel of the same name, ended 2020 with 80% lower revenues on the year and for this year forecasts a 60% drop against the 2019 level.
Belgium-held Etex Building Performance, which owns building materials maker Siniat, is set to invest EUR10 million in the next two years to boost its production capacities and develop new products, explained Andrei Popa, country sales manager Romania & SEE region with Siniat/Etex Building Performance.19710 items