Romania Feed

Cefin Trucks, sole importer and distributor of Ford Trucks in Romania, ended 2021 with a turnover of over EUR88 million and an average division growth of 30% against the previous year.

Mihai Voicu, General Manager of BERGENBIER SA, part of the Molson Coors group, was elected President of the Romanian Brewers Association, effective January 1, 2022.

At least 90% of the net profits registered in 2021 by state-owned companies in Romania will be distributed under the form of dividends to shareholders under a provision included in an emergency ordinance amending the ‘cap and subsidy’ scheme aimed at supporting energy consumers.

Romania's finance ministry on Thursday raised RON909 million selling bonds maturing in 2029 and 2024, at annual average yields of 5.19% and 4.66%, respectively.

Law firm NNDKP has assisted Swedish-held private medical service provider Medicover Romania, one of the third largest private medical service providers in the country, in the transaction whereby the company acquired the Polaris Medical Hospital in Cluj-Napoca from the Socea Family.

The number of electric vehicle (EV) registrations in Romania soared by 118% in 2021 to a total 6.831 units and December was the best month with 2.099 new registrations, in line with an analysis by LEKTRI.CO, one of the leading players in the field of electric mobility in Romania.

Over 80% of beauty salons and licensed stylists expect revenue will grow in the first quarter of 2022 versus the same period in 2021, considering that over half of beauty salons (61.6%) reported revenue growth in 2021, per a survey by Stailer, an online booking platform for beauty salons.

Insulation materials producer Knauf Insulation, part of Germany’s Knauf Group, has acquired the Gecsat mineral glasswool factory in Tarnaveni (Mures County).

The members of the Romanian Brewers Association elected Mihai Voicu, General Manager of BERGENBIER SA, a company part of the Molson Coors group, as President. Starting with January 1st, 2022, Mihai Voicu took over this position from Paul Barnett, President of URSUS Breweries, who was the President in office since June 1st, 2021.   “I […]

Nestlé today announced a new plan to tackle child labor risks in cocoa production. At the center is an innovative income accelerator program, which aims to improve the livelihoods of cocoa farming families, while also advancing regenerative agriculture practices and gender equality. A cash incentive will be paid directly to cocoa-farming households for certain activities […]

Are you in need of a personal loan but don’t know where to start looking? Don’t worry. You’re not alone. With so many lenders online, it can be hard to determine which one is right for you. That is why this article will share some tips on finding a reputable personal loan company online. So […]

Alesonor, the developer of the first complete suburb – Amber Forest, announces the start of the construction works for the first villas to be built in the first stage of the project. The first villas are built with the construction company Britt Structures, a long-term partner of Alesonor, which also has experience in building the […]

Cloud services are becoming increasingly popular. The versatility of cloud-based software accommodates different business needs. The cloud facilitates organizational integration to a great extent. In the cloud, you can bring together an organization’s systems, for example, its human resource management (HRM) system, order fulfillment system, enterprise resource planning (ERP) system, and financial management system, to […]

Gabriel Zábušek, currently Chief Executive Officer (CEO) of KINDRED, a part of Publicis Groupe Czech Republic, has been promoted to Chief Technology Officer (CTO) of Publicis Groupe Central & Eastern Europe (CEE). by Romanita Oprea   Effective January, the new appointment sees Gabriel Zábušek join the ranks of Le Pont (Publicis Groupe CEE’s one-stop virtual […]

Rottaprint, the main flexographic printing company producing self-adhesive labels and flexible packaging in Romania, targets investments of almost EUR1 million in 2022 to enhance the quality of products and work conditions and to digitize operations, according to Cristi Nechita-Rotta, CEO of Rottaprint.

Less than half a year after the launch of the 30-minute fast delivery service, Carrefour Romania and Bringo continue to expand it at a consistent pace, reaching nine cities. Thus, the Carrefour through Bringo fast delivery map includes as of today Arad, Bacău and Craiova, which add to the previous waves of expansion in Bucharest, […]

The European Commission (EC) on Wednesday said it has approved Romania’s plan to grant up to EUR2.66 billion in restructuring aid to energy company Complexul Energetic Oltenia (CE Oltenia).

Findings from the CMS Emerging Europe M&A 2021 report, published today in cooperation with EMIS, show that 2021 was a year of rebound and recovery for deal-makers in emerging Europe. Not only did the region recover from its dip in 2020, with 2021 transaction levels rising to 2,015 deals (up 18.2%), but emerging Europe saw overall deal value reach its highest level since 2013 – increasing to EUR 94.27bn (up 55.1%).    Horea Popescu, Head of CEE Corporate M&A practice, CMS, […]

ING Bank Romania has granted the second loan facility of RON10 million (EUR2 million) to the company Agrinvest Credit IFN specialized in financing the Romanian agricultural sector.

Private equity fund Sarmis Capital, established two years ago by several Romanian executives, has announced its second transaction on the local market by acquiring the majority stake in Smart ID Dynamics, a provider of software and hardware solutions, with a turnover above RON85 million in 2021.