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Discount grocery retail chains had their best year in Romania in 2020, posting sales of more than EUR3.5 billion with more than 550 stores, 60 of which newly opened, ZF has found.
Airline Ryanair said it would launch 14 new routes from Romania; the 2021 summer schedule currently includes 146 flights per week to 41 destinations.
Romanian Taparo Group, which operates in the furniture industry, ended 2020 with a turnover of RON220 million and for 2021, it targets revenue of RON300 million, said Mihai Filip, shareholder of Taparo Group.
E.ON Energie Romania targets a turnover of RON5.35 billion (nearly EUR1.1 billion) in 2021, 27% higher than the level reported in 2020. This year’s optimistic business forecasts come after a 4% higher demand for electricity and an 8% higher demand for natural gas in the first quarter of 2021.
Building materials producer Sika, together with AdePlast – a company which Sika had integrated in 2020 – registered a total turnover of RON769.2 million in 2020, up 13% from a combined turnover of RON679 million in 2019.
Smithfield Romania, the largest actor on the pork market in the country, ended 2020 with a turnover of RON1.3 billion, up 5% on the year, per calculations by Ziarul Financiar (ZF) based on data from company representatives.
The Bucharest Stock Exchange (BVB) on Wednesday said the shares of Romanian dairy producer Agroserv Mariuta would start trading on the AeRO market, the equity segment of the Multilateral Trading System (MTS), under the ticker symbol MILK, on Friday, May 21.
The company Ra-Ra Hotels, part of Ra Ra Group Brasov, has concluded a financial agreement with lender EximBank to develop the Radisson Blu Aurum project.
Mediapost Martech, a company specialized in automating marketing, sales and support services for customers and also part of the Mediapost Hit Mail Group, has obtained the HubSpot Platinum Partner certification after only one and a half year of activity on the market.
Romanian lender CEC Bank will be financing the construction of a new factory built by local dairy producer Artesana in a EUR5 million investment.
Shareholders of telecommunications operator Digi Communications (DIGI.RO) approved on May approved the distribution of a gross dividend of RON0.75 per share, per a summoning note published on the stock market.
Amazon Web Services, Amazon’s cloud computing division, has opened its first office in Bucharest, part of its strategy to expand across Central and Eastern Europe.
The most wanted employers in Romania in 2021 are Amazon Development Center (Romania), HP Inc. Romania and Ubisoft, as the IT industry is seen as the most attractive, followed by services, according to the Randstad Employer Brand report.
Insurer Vienna Insurance Group (VIG), which operates in Romania via Omniasig, Asirom and BCR Asigurari de Viata, reported gross underwritings of EUR146.2 million on the local market in the first quarter of 2021, up 16.1% on the year.
Retail chain Cora ended last year with RON1.6 billion sales, 5.5% lower than in 2019, ZF has calculated from publicly available data. The decline came amid the pandemic but as ZF found, Cora was the only modern grocery retailer to see sales shrink in 2020.
Lasselsberger Ceramics Romania, a local ceramic tile producer and owner of the Cesarom brand, posted 10% growth in turnover in 2020 and its profit doubled.
The Timis family, who owns the cold cuts producer Cris-Tim and Casa Timis mansion, plans to build a hotel in the next five years. The entrepreneurs intend to build some accommodation facilities in the area where the Casa Timis mansion is in the near future.
Romania's former social-democrat prime minister Viorica Dancila has not been appointed advisor to the central bank governor but will advise on strategy issues within the central bank's euro adoption department, a central bank official has clarified.
Corrugated cardboard and toilet paper manufacturer Vrancart is conducting EUR29 milion investments in several projects intended to ensure development of the business.
Outsourcing services company Teleperformance Romania has earmarked an investment budget of RON3.6 million for 2021, 14% higher than the investment budget of over RON3.14 million for 2020, which was nearly 58% higher than the budget for 2019.20531 items