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E-commerce solutions provider 2Checkout, a business established in Romania 14 years ago, seeks to hire 100 technology experts at its innovation center in capital city Bucharest.
Amber, a 100% Romanian-owned game developing company, continues to expand internationally and has opened a new office in Montreal, Canada, focusing on engineering, localization and quality assurance.
Construction materials manufacturer Prefab Bucuresti (PREH.RO) on Wednesday reported a net profit of RON13.7 million for the first nine months of 2020, 11 times higher than the RON1.2 million reported in the same period last year.
Comarket, a marketplace B2B for the Romanian hospitality industry, will be listing Tuesday (Nov 17), on the SeedBlink crowdfounding platform, aiming to obtain a financing of EUR240,000, following an initial investment by its founders of EUR100,000.
Alfa Software, a provider of IT systems for companies, reported a nearly 10% increase in turnover in 2020, to EUR2.2 million, compared with a year before, according to company representatives.
E.ON Energie Romania, one of the largest utility suppliers on the local market, has so far installed some 100 public and private stations for electric vehicles, through the E.ON Drive project, most of which being located in capital Bucharest and the region of Moldavia.
Polish financial group Getin Holding has signed an agreement with the international investment bank Rothschild for financial advice on the potential sale of the subsidiary Idea Bank Romania, the group, which is listed on the Warsaw Stock Exchange, said in a market filing.
Vetro Solutions, a distributor of veterinary drugs and services, on Wednesday said it is investing EUR4.5 million in a veterinary drug factory that will be built in Iasi until 2021.
Altex, the biggest electro-IT retailer in Romania, will be opening a store of 3,400 square meters in Chiajna commune (Ilfov County), on November 12, in its own space, following an investment of EUR10 million.
Sphera Group (SFG.RO), which manages restaurants under the KFC, Pizza Hut and Taco Bell brands in Romania and develops the KFC brand in the Republic of Moldova and Italy, continues to expand the Taco Bell business in Romania, by opening a new restaurant in Brasov, within the AFI Palace shopping center.
Romania's annual inflation rate inched down to 2.2% in October 2020 from 2.45% in September, 2.7% in August and 2.8% in July, data from the country's statistics board showed Wednesday.
The computer and electronics industry put at EUR3.5 billion last year seems to be immune to the pandemic considering people are no longer spending money on vacations, on going out or on clothes but on espresso machines, vacuum cleaners and TV sets.
Kastamonu Romania (formerly Prolemn), held by Turkey’s Kastamonu Entegre, one of the leading wood processing groups in that country, has budgeted investments in boosting production capacity of door veneers and in other upgrades for the fourth quarter. The projects will continue in 2021.
The European Bank for Reconstruction and Development(EBRD) expects Romania's economy will contract by 5% in 2020 and recovery will be slow, with just 3% growth in 2021.
Individual investors bought RON145 million worth of government bonds for the general population in the two days since the issue was launched.
Shareholders of Alro Slatina (ALR.RO), the largest aluminum producer in Romania, have decided at their general meeting of Nov 10 to name Banca Export-Import a Romaniei (Eximbank) as leader of a Syndicate of Banks for a USD235 million credit facility contracted in December 2015 and coordinated at that time by Raiffeisen Bank International.
The COVID-19 pandemic will disrupt consumer holiday shopping plans worldwide, according to the fifth edition of the EY Future Consumer Index released Tuesday.
Apartment prices in Romania’s large cities grew 2.4% in October 2020, after a decline of 0.9% in September, despite the COVID-19 pandemic.
Romanian apparel maker Braiconf Braila (BRCR.RO) has decided to change the strategy regarding its retail segment and will be closing a significant part of its stores located in shopping malls.
ManpowerGroup, specializing in recruiting services, has leased 1,063 square meters within The Light One office building developed and held by River Development, in order to expand its activity.18948 items