Romania Feed

Stonevault, a Baia Mare-based producer of sofa springs, expects turnover to double this year against 2021, so that it may reach sales of above RON120 million (around EUR25 million).

Dolo Trans Olimp (DTO), controlled by entrepreneur Cristian Dolofan, ended last year with RON407.8 million (EUR84 million) revenue, up 7.5% on the previous year, public Finance Ministry website data show.

The building materials manufacturer Soceram in Campina, owned by Mihai Anastasescu, is investing in upgrading of its factories in Dambovita County, in parallel with the plan to build a new production facility.

The 2022 edition of a pan-European survey shows 46% of Romanians and Hungarians believe their purchasing power has decreased over the last 12 months.

Almost a year and a half since Romanian carmaker Dacia unveiled the new logo alongside with the Bigster concept, French group Renault, the owner of Dacia, presented the entire Dacia range with the new logo and also with a new design line.

TMK Hydroenergy Power, part of CEZ Group, has started works on a new hydropower plant in Caras Severin County, on the Barzava River, within an investment worth EUR700,000.

Black Sea Oil & Gas SA (BSOG) together with its co-venture partners, Petro Ventures Resources SRL and Gas Plus Dacia on Wednesday announced that production has started from the Midia Gas Development (MGD) Project and first gas was already delivered to the National Transmission System.

Banca Comerciala Romana (BCR), the second largest lender in Romania by assets, is launching a new issue of green bonds.

The increase in construction costs represents the biggest challenge of 2022 for 90% of real estate companies in Romania and in other countries in this region of Europe, as per Deloitte Real Estate Confidence Survey for Central Europe 2022 conducted in the second quarter of 2022 in Romania, Poland, the Czech Republic and Hungary.

The seven mandatory private pension funds in Romania (Pillar II) have generated an annual average yield of 7.3% for the 7.8 million Romanian participants over the last 14 years, the Romanian association for private pensions APAPR said in a statement Wednesday.

First in the region, two office buildings of one of the largest real-estate developers in the Philippines, MREIT Inc., a Megaworld company operating as a Real Estate Investment Trust, received the IMMUNETM certification for Shell & Core, achieving the label Powerful – 4 stars.   IMMUNE Building Standard™, developed by Genesis Property and launched in […]

Romanian startup easySales, which set up an automated B2B management and e-commerce platform, plans to attract EUR600,000 financing round via technology startup investment platform SeedBlink.

Consumers around the world are facing rising prices and 47% of respondents expect to spend more on groceries over the next six months, in line with PwC’s Global Consumer Insights Pulse Survey 2022.

LIBERTY Steel Group, which includes LIBERTY Galati, the largest steel producer in Romania, has reached a standstill agreement with Greensill Bank, its largest creditor, on the debt facilities relating to its European steel businesses.

PeliPartners assisted Portland Trust, the investment fund having ARES Management and Bluehouse as equity partners, in the process of selling the Expo Business Park to S Immo.   The divestment of the office buildings complex having an aggregate 41,500 square meters leasable area was completed at the end of May. PeliPartners’s contribution included extensive assistance throughout […]

Mobile Industrial Robots (MiR), one of the largest global suppliers of autonomous mobile industrial robots (Autonomous Mobile Robots / AMRs), registered in 2021 in Romania sales four times higher than in 2019. Also, in Central and Eastern Europe, sales were 52% higher than in 2020.   The number of industrial robots in Romania is estimated at 4,400 […]

Early Game Ventures (earlygame.vc) announces a new 500,000-euro investment round in Meetgeek.ai (meetgeek.ai), a SaaS startup that builds an AI meeting assistant helping teams take control over their meetings.   The robot automatically records, transcribes and summarizes calls for participants. It saves your time by highlighting key moments such as action points, concerns, conclusions, and […]

Backbase, creator of the category-leading Engagement Banking Platform, raised €120 million in growth equity funding from Motive Partners. Having grown organically to over €200 million in revenue, Backbase is now partnering with a Fintech specialist private equity firm, to further strengthen its claim on the Engagement Banking category.   This growth investment values Backbase at […]

Commercial planning professional with 9 years of experience supporting executives, sales force and managers to improve internal processes and market knowledge, with good understanding of areas such as: business analysis; cost accounting; sales & marketing; manufacturing operations. Proficient in all standard office desktop software. BR sat down with Cristina Sima, Environmental Senior Manager at TenarisSilcotub, […]

eVOTE, a Romanian entrepreneurial company that implemented the first online and in-person participation system at general shareholders’ meetings in Romania, ended the busiest period of the year with 50 General Meetings of Shareholders (GMS) conducted online in the first five months of 2022. Of these, 37 were annual GMS.   “The General Meeting of Shareholders […]