Chronolink, the sole importer of Rolex brand in Romania, last year hit turnover worth a little above RON70 million, up 70% from 2020 and double the 2019 level, in line with ZF calculations based on confidas.ro data.
Czech-held investment group PPF, which owns Pro TV and two office buildings in Bucharest, has bought a plot of land in the west of the city from Czech real estate developer RC Europe and plans to use it for an office building called ARC.
Romanian startup ATLAS, which developed the telemedicine platform atlas.app, has attracted an investment of EUR500,000 from eMAG Ventures, the investment program for technology companies, in order to continue the development of the platform at local and regional level and to ease access to medical services for as many people as possible with the help of technology.
CTP, a developer of industrial and logistics space in Romania, is strengthening its management team by appointing Razvan Danciu as Head of Property Management.
Apa Nova Bucureşti (ANB), the water and sewerage services provider in the capital city Bucharest, has invested EUR500,000 in fitting out a new ultra-modern post-operative ward fully equipped with state-of-the-art medical equipment, at the Floreasca Clinical Emergency Hospital in Bucharest.
Investments on the Romanian real estate market totaled EUR1.8 billion in the last two years (2020-2021), compared to EUR1.6 billion in 2018-2019, with a total 78 properties being transacted in 2020-2021, compared to 72 assets traded in 2018-2019, in line with a survey by Cushman & Wakefield Echinox.
Romanian aluminum processor Alumil Rom Industry (ALU.RO) ended 2021 with a net profit of RON6 million, up 63.4% from 2020, and a turnover of RON90.8 million, up 24.5% on the year.
Romanian startup Vestinda, which developed a marketplace dedicated to crypto investments, on Wednesday announced the launch of a new version - Public Beta, company representatives said in a statement.
The proportion of businesses in Romania using cloud technology must significantly increase by 62 percent points in order to meet the Digital Decade goals set out by the European Commission, in line with a new report produced by Deloitte and commissioned by Vodafone.
Banca Comerciala Romana (BCR), the second largest lender on the local market by assets, reported for 2021, on an individual level, a net profit of almost RON1.38 billion, of which the bulk, namely, 70%, is expected to be distributed to its shareholders as dividends.
Tehnomir Energy, a provider of complete turnkey photovoltaic systems solutions, based in Oradea, changes its name to ENSYS, and announces plans to reach projects worth over EUR20 million and to become one of the largest national companies in the field.