Romania Feed

Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO), in judicial reorganization, said in a stock market report on Monday that its production units resumed their activity.

One United Properties (ONE.RO), a developer of premium real estate projects in Romania, announced on Monday in a stock market report the handover of One Cotroceni Park Office Phase I, a commercial and office development located in capital Bucharest.

Chimcomplex Borzesti, a company present on the Romanian capital market since November 1996, debuted on Monday (January 17) on the Main Market of the Bucharest Stock Exchange under the stock ticker CRC, as a result of the transfer from the AeRO market.

Romanian carmaker Automobile Dacia, owned by French group Renault, saw a 3.1% increase in its worldwide sales up to 537,095 vehicles in 2021 against the backdrop of a stable market but significantly affected by the sanitary crisis and the car chip shortage.

Mail Boxes Romania, a supplier of integrated courier and logistic services, active on the local market since 2019, aims to reach EUR1 million revenues in 2022 and 100 agencies by 2030.

Kuma Romania, a producer of washbasins, countertops and furniture for bathroom and kitchen, ended 2021 with turnover of almost EUR7 million, up 7% on the previous year.

Electroglobal Cluj, a supplier of electrical solutions and equipment for industrial automation and lighting systems, controlled by Radu Ciorba jointly with Maksay Csaba, ended 2021 with 25% higher turnover, at RON138 million (EUR28 million), in line with ZF calculations based on company data.

HCL Online Advertising S.R.L, which operates Tazz by eMag business, in 2020 generated RON14.3 million turnover, up 872% on the year, with the delivery platform likely to see its turnover double, to around RON170 million, in line with ZF calculations based on company data.

Rin Grand Hotel, the hotel of southern Bucharest, a EUR60 million investments, which stirred controversies at its launch in 2017, when the “biggest hotel of Europe” was announced, closed down for tourists and will be entirely converted into apartments.

Dolj-based Windows maker Casa Noastra, owned by Stedan Cherciu, in 2021 had the best year in its history in terms of turnover and business performance.

Alexandrion Group, the largest spirits and wine producer and distributor in Romania, announces that foreign policy expert Nicholas S. Kass has been appointed Executive Director for International Corporate Affairs, a newly-created function at the Group. With over 30 years of foreign policy experience with the United States Government as an award-winning analyst, collector, diplomat, policy […]

Starting this year, MC Truck & Bus SA will produce electric buses in Ciorogarla, near Bucharest, in partnership with Zonson Smart Auto Co LTD, a subsidiary of the Chinese giant ZTE. Romania will thus have the first manufacturer of electric buses.   In the first phase, 200 units will leave the factory annually. Over the […]

Vodafone Romania joins the world-famous reality show – Survivor – as the main sponsor and exclusive connection partner. The show starts on Sunday, January 16th, at 8pm, on PRO TV, and will be broadcast every Sunday, from 8pm, but also on Monday and Tuesday, from 8.30pm.   24 competitors, 12 FAMOUS and 12 WARRIORS, are […]

Alexandrion Group, Romania's largest producer and distributor of spirits and wine, has appointed Nicholas S. Kass, a foreign policy expert, as Executive Director for International Corporate Affairs, a newly created position within the group to lobby governments and other policy makers.

Nordis Group, a developer of hotel and residential complexes, announced on Friday that apartment sales last year amounted to RON400 million and the most expensive unit was a RON2.5 million penthouse in the seaside resort of Mamaia.

Banca Transilvania, Romania's largest bank, has signed an agreement to acquire Tiriac Leasing, owned by the Tiriac Group, and the deal should be completed in the first part of this year, after review and approval by the relevant authority.

Samsung Electronics announces the appointment of Julia Kim as President of Samsung Electronics Romania and Bulgaria (SEROM). Starting January 2022, she will be responsible for managing the activities on both the Romanian and Bulgarian markets. With more than 25 years of expertise in the technology field, Julia Kim has been part of the Samsung team for […]

As Visa continues toward its goal of digitally-enabling 50 million small and micro businesses (SMBs), a new research study released today– the “Visa Global Back to Business Study – 2022 SMB Outlook”– found that 90% of surveyed SMBs said they are optimistic about the future of their businesses, the highest level of optimism in Visa […]

Increasing amounts for travel, entertainment and socializing in restaurants and cafes, gradually recovering the physical shopping adopting at a large scale the e-payment solutions – these are few of the trends noticed amongst above 1.5 million customers of Revolut financial supper-app, last year, in the Romanian market. In the last 12 months, Romanian users counted […]

According to data published by the Drivers Licence Center and Registration of Vehicles, Ford Romania closed 2021 as the leader of the commercial vehicles market, while Ford Puma is the bestselling hybrid vehicle model in Romania. 2022 also looks promising for the automobile manufacturer, with several models such as E-Transit, Ranger, Fiesta, and Focus waiting to be […]