Romania Feed

Winemaker Purcari (WINE.RO) posted RON302.6 million revenue last year, up 22% on the 2021 figure, above the previously announced guidance of 15%-20%, according to preliminary commercial results published on the Bucharest Stock Exchange.

The Ascendis Group, the leading player in the training and professional development consultancy market in Romania, is investing EUR100,000 in local software company Ringhel, which created PROCESIO technology, a platform that allows employees without advanced technical knowledge to build their own software products for the processes they manage.

Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, on Friday, January 20, rose to 7.28% from 7.27% on Thursday.

Electromontaj, which specializes in constructions for energy projects, has won the tender for the design and building of infrastructure for the largest wind park of Moldavia, Ruginoasa locality, an investment by DTEK Renewables International, the company controlled by Ukrainian billionaire Rinat Akhmetov and Moldova Eolian.

Accor, one of the world's largest hotel groups, has launched Handwritten Collection brand, which is in talks for the opening of 110 hotels worldwide, including Romania.

Auto parts manufacturer Aptiv Technology Services & Solutions, the former Delphi Packard Romania, currently has 200 jobs available at its plant of Ineu, Arad county.

Romanian automotive brand Dacia is readying at least four new models after 2024 and the first one of the new series will be Duster III.

Entrepreneur Omer Susli, who founded home décor retail chain Homelux, now has two of the four units operating under this name left.

Amethyst Romania, the network of centers specializing in radiotherapy, reached turnover of around EUR33 million in 2022, up 33% year-on-year, according to Ciprian Casian, the company’s CEO.

The year 2023 will be less dynamic in the Romanian M&A market, but it will still be a good year, according to Bogdan Vaduva, partner, deputy head of advisory at KPMG.

Takeda, a global bio-pharmaceutical company based in Japan, has appointed Todor Kesimov to the position of Country Manager for its operations in Romania, starting with January 1, 2023.

Transilvania Constructii, a company that owns several industrial and commercial properties in Romania, with a total area of over 250,000 square meters, has bought an industrial park in the northern part of Arad.

Wizz Air on Thursday announced the launch of its first flights from Romania to Turkey, which will connect Romanian cities of Bucharest, Iasi and Cluj-Napoca to Istanbul and Antalya.

Romania's finance ministry raised RON4.19 billion on Thursday (Jan 19, 2023) selling bonds maturing in July 2029, at annual an average yield of 7.39%.

Marsh, an insurance brokerage and risk advisory company, has appointed Cristian Fugaciu to the position of Co-CEO for Central and Eastern Europe (CEE), alongside Artur Grzeskowiak.

CaptainBook.io, a Greek online platform that connects tours, activities & experiences providers to local trusted resellers such as hotels, Airbnb hosts, and travel agencies, has raised EUR250,000 in a pre-seed funding round led by technology startup investment platform SeedBlink.

Private medical services operator MedLife (M.RO) continues its expansion plans at national level with the inauguration of the largest medical clinic in the Municipality of Deva.

Modern concepts that combine work with urban life and provide easy access to co-working, co-living, socializing and wellbeing spaces would bring more balance between the professional and personal life for almost 26% of respondents, less time spent in traffic (21%) and more with friends and family (12.6%), as per a survey run by Genesis Property in October 2022 on 1,031 employees from all over the country.

Zitec, a provider of IT and digital marketing services, specialized in developing digital transformation solutions and services, ended 2022 with a turnover of over EUR25 million, up 42% from 2021, company representatives said in a statement.

FAN Courier, the courier market leader, has budgeted investments of EUR20 million this year.