Kaercher Made EUR60M Worth of Vacuum Cleaners in Curtea De Arges in 2018
02.15.2019
Kaercher’s Curtea de Arges vacuum cleaner plant saw its revenue grow by 20% to more than EUR60 million in 2018. The company budgeted the same growth for this year.
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Hödlmayr Logistics Romania To Transport Toyota Vehicles For Local Market 02.11.2019
Hödlmayr Logistics Romania will transport automobiles for Toyota Romania and will entirely ensure the storage of Toyota vehicles on the local... more
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CBRE: Bucharest Sees 66% Surge In Employee Numbers In IT&C Industry In Last Ten Years 02.11.2019
Over the last ten years, Romania's capital city Bucharest has seen a 66% surge in the number of employees in the IT&C industry, to more than 70,000... more
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AFI Europe Signs Non-Binding EUR60M Bid for Casa Radio in Bucharest 02.11.2019
Real estate developer AFI Europe, present on the Romanian market since 2005 through its AFI Europe Romania branch, has signed a non-binding letter... more
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Local Entrepreneurs Invest Some EUR9M in Production of Door and Window Trim 02.11.2019
Five actors on the local PVC trim market are conducting almost EUR9 million investments in manufacturing, technology and new equipment in 2019. more
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Daimler Builds EUR20M Logistics Center Near Bucharest 02.11.2019
Germany’s Daimler, owner of the Mercedes-Benz brand and of the transmissions plant in Sebes in Romania, plans to develop a logistics platform in... more
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Coface: More Difficult Access To Financing, Higher Interest Rates To Negatively Impact Business Environment In 2019 02.08.2019
The current economic context will become increasingly volatile in the coming period, impacted by the mix of domestic legislative measures and the... more
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Sale of The Office in Cluj-Napoca Attracts Interest from Ion Tiriac and Paval Brothers 02.08.2019
NEPI Rockcastle and Ovidiu Sandor, the owners of The Office project in Cluj-Napoca, are in talks with several investors to sell it, among whom Ion... more
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Mihai Patrascu, evoMAG: We Ended 2018 with 15% Growth 02.08.2019
Evolution Prest Systems, the company that runs the online store evoMAG.ro, a top ten computer and electronics retailer on Romania’s e-commerce... more
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Wizz Air Plans To Carry 9.5 Million Passengers From Romania In 2019 02.08.2019
Wizz Air, the leader of the local airline market, carried 8.3 million passengers last year, 22% more than in 2017, and is aiming for double-digit... more
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Elis Pavaje Invested EUR3.5M in New Plants in 2018 02.08.2019
Pavement tiles and curbstones maker Elis Pavaje in Alba County, Romania, held by the Gota family, made more than EUR3.5 million investments last... more
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Daimler Starts Production of New 8-Speed Automatic Transmission in Romania 02.07.2019
Daimler's Romanian subsidiary Star Assembly has officially started production of a new, eight-speed automatic transmission for Mercedes-Benz cars. more
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Competition Council Clears Takeover Of Some Petrom Assets By Mazarine Energy Romania 02.07.2019
Romania’s Competition Council has approved the transaction whereby Mazarine Energy Romania SRL takes over oil fields belonging to OMV Petrom SA. more
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C&W Echinox: Land Transactions in Bucharest Hit New Record in 2018 02.07.2019
Developers and real estate investors completed land acquisitions with a cumulative value of around EUR245 million last year in Bucharest, a new... more
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Black Sea Oil & Gas Moves Forward With $400M Midia Gas Project 02.07.2019
Black Sea Oil & Gas , owned by by Carlyle International Energy Partners and EBRD, said Thursday it has decided to move forward with the Black Sea... more
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Bittnet Systems Boosts Share Capital By RON350,000 02.07.2019
IT&C solution integrator and IT training services provider Bittnet Systems (BNET.RO) on Thursday announced a share capital increase by issuing... more
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SafeTech Innovations Doubles Profit In 2018; Eyes Listing On BVB’s Alternative Trading System AeRO 02.07.2019
Local company Safetech Innovations, specialized in providing cyber security solutions, on Thursday reported a net profit of RON1.1 million for... more
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H&M Becomes First Fashion Retailer with RON1B Sales 02.07.2019
The sales of Swedish-held retailer H&M went up 12% to more than 1 billion lei (EUR220 million) last year over 2017, which makes it the first... more
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Insolvent Furniture Maker GP Sofa Headcount Down By 400 02.07.2019
GP Sofa, a company that was among the top ten manufacturers and exporters of furniture in Romania four years ago, has fired more than 400 employees... more
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FP Warns Order on Regulated Energy Prices Will Lower State Revenues, Reduce Investments 02.06.2019
Investment fund Fondul Proprietatea on Wednesday said it has serious concerns about the highly detrimental impact on energy companies, investments... more
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Petre Bunescu Forgoes Position Of Deputy CEO Of BRD 02.06.2019
Petre Bunescu, aged 66, has decided to renounce his mandate as deputy CEO Finance/Treasury, starting March 1, 2019, the bank said in a statement... more
The lending rebound, the rise in interests and the improvement of portfolio quality helped Romania’s banking system post an
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Companies Bog’Art SRL Bucuresti, Construcţii SA Sibiu, Kesz Constructii Romania SRL Cluj and Porr Construct SRL Bucuresti have
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German Zeitfracht Group has joined the shareholding structure of low-cost airline Blue Air, holding 10% of the airline’s share
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Office building transactions in Romania reached the highest level of the last decade in 2018, of EUR957 million, according to the
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Chitila represents the future logistics hub of capital city Bucharest, for both warehouses and the light industrial production, in the
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The World Bank has revised its economic growth projections for Romania and now sees GDP growth at 3.5% in 2019 from 4.5% in its June
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Swiss giant Nestle, one of the largest players on the Romanian consumer goods market, will close its Romanian factory, located in the
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Fiscal instability is the main challenge for businesses this year, influencing investors' appetite for doing business in Romania,
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Central Bank: Banking Sector Has Limited Capacity to Sustain Current Profitability Long Term
The Romanian banking sector, which consists of 35 banks, in its present structure has a limited capacity to sustain the recent profitability over the long term, the central bank said in a report.
