Romania Feed
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ZF English - 14:31 Mar 14, 2023
Dacia Mioveni and Ford Otosan Craiova, the two car plants in Romania, manufactured 87,328 vehicles in January and February 2023, 10% more than 79,282 units produced in the first two months of 2022, as per data from the country's carmakers association ACAROM. -
ZF English - 13:02 Mar 14, 2023
TeraPlast shares have been included by the Vienna Stock Exchange in the ROTX EUR index following the review of its composition. The new structure takes effect starting March 20, 2023. -
ZF English - 12:19 Mar 14, 2023
Confidence in the economy is slowly improving in Central Europe (CE) although risks such as inflation, supply chain issues and the rising costs of energy, materials and labor continue to impact businesses, as per the Deloitte Private Equity (PE) Confidence Survey. -
ZF English - 09:19 Mar 14, 2023
OTP Bank Romania and OTP Bank Plc have sealed a EUR57.8 million loan agreement with Exigent Property Investment for the construction of phase 5 of housing compound Exigent Plaza Residence located in Bucharest’s Militari district. -
ZF English - 08:53 Mar 14, 2023
Romania’s hotel market boasted an accelerated recovery in 2022 and the tendency is set to continue in 2023 as well. Bucharest registered much more intense tourism activity, which reached pre-pandemic levels. -
ZF English - 08:41 Mar 14, 2023
Around 19,000 houses and apartments are likely to be delivered in 2023 in Bucharest and neighboring areas, down by 11% from last year, in line with a market report published by real estate consultancy SVN Romania. -
ZF English - 08:28 Mar 14, 2023
British software company is cementing its foothold in Romania and opening a new office in Craiova, on an around 500-sqm area. -
ZF English - 08:16 Mar 14, 2023
Valcea-based building materials wholesaler and producer Damila, controlled by entrepreneur Remus Daniel Nitu, reached EUR130 million turnover in 2022. -
ZF English - 08:03 Mar 14, 2023
Terapia Cluj, a local pharmaceutical producer held by India’s Sun Pharma, wants to expand its warehousing area and has a EUR3 million budget to this end. -
ZF English - 07:51 Mar 14, 2023
Car parts producer Hella Romania, the local subsidiary of German concern Hella, is investing EUR20 million in the new unit of Ghiroda, Timisoara, an investment due to be tripled for the acquisition of production equipment, states Zoltan Cservid, project leader PLx at Hella Factory Timisoara. -
ZF English - 21:34 Mar 13, 2023
Banks in Romania granted more than RON3.3 billion worth of new loans in lei to companies in January 2023, an increase of 17.9% on December 2022 and on the year-ago month. -
ZF English - 20:53 Mar 13, 2023
Through the seven Pillar II mandatory private pension funds, to which they contribute 3.75% of their gross monthly income, several million Romanian employees have come to own 20% in Transgaz (TGN.RO), the company that operates the country’s natural gas transmission system, ZF has calculated from the latest Pillar II reports. -
ZF English - 20:35 Mar 13, 2023
International freight forwarding and logistics group International Alexander, based in Arad, ended 2022 with a turnover of EUR280 million and expects to maintain it in 2023, according to company officials. -
ZF English - 20:15 Mar 13, 2023
Road freight transport company Sorcani, based in Sibiu, ended 2022 with RON77.5 million (EUR16 million) revenue, an increase from the RON55 million of 2021, its officials said. -
ZF English - 20:14 Mar 13, 2023
The Brasov City Hall has accessed a European project worth over RON25 million (EUR5 million), within the National Recovery and Resilience Plan, targeting the construction of 60 housing units for youths, which will use energy exclusively from renewable sources (photovoltaic panels and heat pumps). -
ZF English - 19:44 Mar 13, 2023
Cigarette wholesaler Punctual Comimpex, based in Cluj-Napoca, estimates this year’s revenue to reach RON1 billion (approximately EUR200 million), an increase of more than 9% on 2022, ZF has calculated from the data the company supplied. -
ZF English - 19:30 Mar 13, 2023
Romania's Finance Ministry raised RON623 million on Monday (March 13) selling bonds maturing in 2027, at an annual average yield of 7.26%. -
ZF English - 19:21 Mar 13, 2023
The JD Agro Cocora Group, owned by Danish investors through Romania Farm Invest A/S, has acquired an agricultural farm of approximately 1,370 hectares in Constanta County, in a transaction worth EUR10 million. -
ZF English - 19:02 Mar 13, 2023
Net Communications Systems, an IT company established in 2022, the first pandemic year, ended 2022 with a turnover of EUR1.2 million, up over 70% from 2021, and for end-2023 it targets a 30% increase in turnover up to EUR1.56 million, company officials said in a statement. -
ZF English - 18:48 Mar 13, 2023
R Systems Europe Ends 2022 With EUR22.79M Turnover, Up 33% YoY; Targets 70-80 New Experts In Romania
R Systems Europe, a global company specialized in digital transformation services and present across over 15 countries, had a turnover of EUR22.79 million at end-2022, up 33% versus 2021, as per a statement released by company representatives.