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Mortar, paint and base coat manufacturer Baumit, owned by Austrian concern Schmid Industrie Holding, is expanding the plant it holds in Sag, Timis county.
Domeniile Prince Matei, a company owned by Vintruvian holding, which also holds Viticola Sarica Niculitel, expects turnover to double in 2021 from 2020, to around RON3.5 million, in line with ZF calculations based on company information.
Bucharest's ophthalmological clinic Infosan, set up in 2002 by two doctors, ended 2020 with turnover worth RON10 million and targets a 10% increase this year amid rising demand for medical services, according to the company’s officials.
American multinational semiconductor company Advanced Micro Devices (AMD) has opened a design center in Romania's northeastern city of Iasi. The center will hire a team of engineers to work on new hardware and software innovations.
Individual investors bought RON943 million worth of government bonds within the three tranches of Fidelis government bonds issue for the general population, per calculations by Ziarul Financiar (ZF).
Chemical producer Chimcomplex Borzesti (CHOB.RO), which owns the Oltchim and Borzesti platforms, concluded EUR56.7 million loan contracts on Sept 30, of which EUR26.7 million from state-run lender CEC Bank and EUR30 million from Alpha Bank.
French giant Danone, leader on the local yogurt market, announced the appointment of Robert Jasinski to the position of managing director of Danone Romania, effective October 1, 2021.
New and used car registrations in Romania grew 9.2% year-over-year in January-September 2021, to 393,402 units, data from the Automotive Manufacturers and Importers Association (APIA) showed Friday.
Distribution and logistics company Aquila, with an annual turnover of EUR370 million, borrows EUR10 million from the European Bank for Reconstruction and Development (EBRD) for the development of its own brands, modernization of warehouses, digitalization and working capital.
The European Fund for Southeast Europe (EFSE) has provided a new loan worth the equivalent in lei of EUR10 million to BT Microfinantare (BT Mic), part of lender Banca Transilvania.
The transaction whereby Duraziv, the largest independent producer of building materials in Romania, sold the entire package of shares to world leader Saint-Gobain was completed on September 30, 2021, upon receiving all approvals from competent authorities.
Norofert Group, Romania’s leading Romanian producer of organic inputs, on Friday announced the appointment of Marcel Caruz to the position of Chief Operational Officer (COO) of the company.
Romania's finance ministry will be launching three new bond issues for the general population Monday, October 4, which can be subscribed until October 27.
Romania's foreign exchange reserves fell to EUR41.2 billion in September 2021, lower by EUR400 million than in August 2021, central bank data showed Wednesday.
Real estate developer One United Properties, and Le Manoir Group, active in the field of fine gastronomy, have bought boutique hotel Carpathian Lodge Magura in Buzau, for EUR2.35 million.
Stefan Vuza, president of chemical producer Chimcomplex Borzesti (CHOB.RO), which owns the Oltchim and Borzesti platforms, said he would borrow RON2.5 billion (over EUR500 million) on the international market in order to launch the biggest investment on the local chemical market of the last 30 years.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continued its upward trend and climbed to 1.79% a year on Friday (October 1), from 1.77% a year on Thursday (Sept 30).
CTP, the largest developer and manager of Class A logistics and industrial space in Romania, with a portfolio of approximately 1,850,000 square meters, has acquired an additional 153,000 sqm of logistics and industrial space, adding a new strategic location to its portfolio, in Brasov, and expanding its presence in Timisoara and southern Bucharest, being present in 13 cities and towns at present.
Croatian distribution group Orbico, controlled by Croatian investor Branko Roglic, has acquired sole control over Interbrands Marketing & Distribution, one of the largest distribution companies on the Romanian market.
Hellenic Telecommunications Organization SA (OTE) announced on Thursday that the sale of its 54% stake in Telekom Romania Communications SA (TKR) to Orange Romania has been successfully completed, and the final equity consideration reached EUR295.6 million.20531 items