Romania Feed

Turda-based precast concrete product maker ASA CONS, the builder of the MDF plant of Oarja, near Pitesti, a EUR150 million project of Turkey’s Yildiz Entegre, expects EUR21-22 million turnover in 2022, after having ended 2021 with total revenues of almost EUR24 million.

Astra Vagoane Calatori, one of the biggest players on the local rolling stock market, controlled by Valer Blidar, in 2021 doubled its turnover and for 2022 expects it to at least stay at last year’s level.

Baicoi-based roofing systems maker Novatik in 2021 started an over EUR1.2 million investment and hopes to complete it in the first half of this year.

Swedish medical services provider Medicover has announced a new deal on Romania’s private healthcare market, namely, the acquisition of MediPlus, a Romanian cross-disciplinary clinic dedicated to women’s health.

Private healthcare services network Regina Maria, the biggest player on Romania’s market, owned by investment fund Mid Europa Partners, expects to cross the EUR300 million threshold in terms of turnover this year.

Romania exported 4 million tons of wheat of the 2021 harvest, namely over 35%, by late December 2021, thus ranking first among wheat exporters in the Black Sea area and in the EU, according to Cezar Gheorghe, grain trade expert analyst at Romanian Farmers’ Club.

“We estimate CRC group (Chimcomplex is part of i.e.) will go beyond the first billion euro in terms of commodity production in just three years and turnover will reach EUR10 billion only vertically, by the end of the decade,” says Stefan Vuza, chairm and majority stakeholder in Chimcomplex.

Art City is a premium residential project developed by Art Property Development, a company that takes from the DNA and expertise of Bog’Art, from the first line of architectural concept to the last detail of execution. Art City will be completed in September 2022 following an estimated investment of EUR 20 million.   Art City […]

Portico Investments, a commercial property management company, has reached a portfolio of 20 properties in Romania in its 17 years of local presence. In each of the last two years, marked by the COVID-19 pandemic, the company bought two such premises.

Restart Energy, one of the largest independent energy suppliers on the Romanian market, on Monday announced the signing of the connection contract for the 50 MW solar energy project in Sarmasag (Salaj County), an investment estimated at almost EUR40 million.

InnovX-BCR, the technology business accelerator program, has selected seven companies from Romania, Moldova, Spain and Slovakia out of eleven startups that entered the bootcamp between November 1, and December 16, 2021.

Romania's finance ministry on Monday raised RON1.2 billion selling bonds maturing in 2027 and 2034, at annual average yields of 5.09% and 5.51%, respectively.

HEINEKEN Romania announces changes in the organizational structure and in the management team. As of January 1st, 2022, Gheorghe Andresz, Traditional Trade & OOH Director of HEINEKEN Romania and member of the Management Team, is appointed as Sales Director of HEINEKEN Romania and will be in charge of coordinating the entire sales function and the […]

Automotive safety systems manufacturer Autoliv approved the start of a RON165 million (approximately EUR55 million) investment in its Lugoj plant in Romania in 2021, where 300 new jobs will be created.

Heineken Romania appointed Gheorghe Andresz to the position of Sales Director starting January 1, 2022.

Today, Visa announced a new platform, Visa Acceptance Cloud (VAC), set to revolutionize the way businesses accept payments from their customers. Following the success of the company’s popular “Tap to Phone” solution, VAC will let acquirers, payment service providers, point of sale (POS) manufacturers, and Internet of Things (IoT) players move payment processing software from […]

Global business leaders harbor major concerns over the decisions and omissions made by Artificial Intelligence (AI) systems – despite the fact that 60% of companies now use them.   Dentons, the world’s largest law firm, has conducted a survey of global business leaders on their organizations’ use of AI, as well as on the risks […]

PepsiCo, the second largest player on the Romanian soft drinks market, has included in its Romanian snacks portfolio the Cheetos corn puff brand that is present in over 40 countries.

Waterdrop, the Austrian start-up launched on the Romanian market in September 2021, continues to develop on the local market. By 2022, the company aims to grow its existing customer base by 60% and penetrate the local market more strongly as a partner in online stores, encouraging a balanced lifestyle and an optimal hydration regime.   […]

Medicover, the only producer of private medical services in Romania, with international expertise, announces that it has acquired the majority stake at Mediplus, a cross-disciplinary clinic dedicated to women’s health. The 18 plus years of experience with the excellence of the Mediplus team, coordinated by the repute Dr. Iosif Niculescu bring a considerable advantage for […]