ZF

Romania Ranks 10th in the World by Vineyard Area

Thu, 23 Sep 2021 05:00:00 GMT

Romania accounts for 2.6% of the total area allocated to vineyards in the world or 190,000 hectares, International Organization of Vine and Wine (OIV) data show.

Uniqa Asigurari Getting Ready to Exit Auto Liability Insurance Segment in Romania

Wed, 22 Sep 2021 16:50:56 GMT

Uniqa Asigurari is getting ready to leave the auto liability insurance (RCA) market and has filed a request to have its license for that revoked to the relevant authorities, Valentin Coroiu, Uniqa Asigurari vice president, said during a conference of the Romanian association of insurance-reinsurance brokers PRBAR.

Antitrust Body Clears Deal Whereby Corbut Family, Promat Comimpex Will Control Agroind Cauaceu

Wed, 22 Sep 2021 14:23:27 GMT

Romania’s Competition Council has approved a transaction whereby the company Agroind Cauaceu will be controlled by the Corbut family and Promat Comimpex, a company held by Ameropa DG Holding AG and the Moldovan family.

Evergent Investments Makes RON8.6M Profit From Selling Half Of Its Stake In Nuclearelectrica

Wed, 22 Sep 2021 12:45:37 GMT

Following the sale of half of its ownership stake in state-run nuclear power producer Nuclearelectrica (SNN.RO), in June 2021, EVERGENT Investments cashed dividends on the entire position and made a substantial profit of RON8.6 million, according to some specifications regarding investment decisions in line with the investment policy, published in a stock market report.

Mindshare To Coordinate Unilever’s All Media Services Globally

Wed, 22 Sep 2021 12:19:03 GMT

Global network Mindshare, part of WPP Group, becomes the main partner of Unilever for media services, globally and locally, following the completion of the selection process, one of the largest pitches at the moment.

Romanian Leu Plunges To New All-Time Low At 4.9495 Versus Euro

Wed, 22 Sep 2021 11:35:03 GMT

The Romanian leu collapsed to a new all-time low against the euro on Wednesday (September 22), as the central bank average reference rate stood at 4.9495 lei to the European currency.

BSOG Completes Installation Of Ana Natural Gas Production Platform In The Black Sea

Wed, 22 Sep 2021 11:12:03 GMT

Black Sea Oil & Gas (BSOG), together with its co-venture partners, Petro Ventures Resources SRL and Gas Plus Dacia SRL, on Wednesday announced the installation of the Ana natural gas production platform, the first offshore platform built and installed in Romania in the past 30 years.

Fitbit Officially Launches Charge 5 Tracker In Romania

Wed, 22 Sep 2021 10:43:57 GMT

Fitbit, part of US giant Google, which has a software development team on the local market, has officially launched in Romania the new health monitoring and physical activity of the Charge range- Charge 5, which will be available as of September 27, 2021.

Connections Consult Becomes AeRO Listed Company; Funds Its Expansion Into US Via Stock Market

Wed, 22 Sep 2021 09:45:00 GMT

Connections Consult, a company founded in 2005 and specialized in providing software and IT services, listed its shares on the AeRO market of the Bucharest Stock Exchange, on Sept 22, 2021, under the ticker symbol CC.

Masterbuild Starts Works On New Research Center In Green Aerospace Technologies In Craiova

Wed, 22 Sep 2021 09:12:45 GMT

Construction company Masterbuild - General Contractor & Developer announces the start of works on the new Research Center in Green Aerospace Technologies – “TGA Technologies for Green Aviation” in Craiova, a total investment worth over EUR17 million, co-funded via the European Regional Development Fund, coordinated by the National Institute for Aerospace Research “Elie Carafoli” (I.N.C.A.S.).

Coca-Cola Group Investments in Romania Hit EUR35M in 2020-2021 Period

Wed, 22 Sep 2021 07:47:46 GMT

Investments Coca-Cola group made in Romania in 2020-2021 in new products, production capacity expansion or sustainable packaging amounted to EUR35 million, according to the company’s representatives.

DIY Retailers Bet on Brasov with at Least Four More Stores in Coming Period

Wed, 22 Sep 2021 07:38:40 GMT

Dedeman, Leroy Merlin, MAM Bricolaj, Brick Romania are just a few of the DIY retailers to announce they’ve put Brasov on their expansion list for the coming period.

Private Maternity Hospital Euromaterna Constanta Reaches RON36M Turnover in 2020, Up 6% YOY

Wed, 22 Sep 2021 07:27:40 GMT

Private Maternity Hospital Euromaterna, the biggest private maternity unit of Dobrogea, hit turnover worth RON36 million last year, 6% higher year-on-year, and went beyond the threshold of 1,500 births annually.

Foreign Tourists Coming to Romania for Medical Treatments in 1H Spent Some RON10M

Wed, 22 Sep 2021 07:12:40 GMT

The over 1,700 foreign tourists who came to Romania for medical treatments in the first six months of this year spent around RON10 million, meaning each tourist spend about RON6,000, according to ZF calculations based on National Statistics Institute data.

Airbag Maker GST Automotive Safety Ro Sees Turnover Dip 33% in 2020, To RON66.8M YOY

Wed, 22 Sep 2021 07:03:07 GMT

Airbag producer GST Automotive Safety Ro, the domestic subsidiary of Germany’s Global Safety Textiles acquired in 2011 by South Korea’s Hyosung, in 2020 generated turnover worth RON66.8 million (EUR13.8 million), down 33% from the previous year, in line with Finance Ministry data.

Netherlands’ Rubitech Hits Over RON27M Turnover in 2020, Up 23.5% YOY

Wed, 22 Sep 2021 06:52:54 GMT

Rubitech Romania, the domestic arm of Dutch group Rubitech, a supplier of aluminum die castings, for 2020 reported turnover of above RON27.1 million (EUR5.6 million), 23.5% higher than in 2019, according to ZF calculations based on Finance Ministry data.

CDI Ends 2020 with RON20M Turnover, Half 2019 Level

Wed, 22 Sep 2021 06:44:59 GMT

Passenger road transportation company CDI Transport Intern si International, controlled by businessman Ion Comusi, in 2020 generated turnover worth RON20 million, half the previous year level, and reduced its headcount.

Furniture Manufacturer Artemob International Revenue Down to RON121M in 2020

Wed, 22 Sep 2021 05:00:00 GMT

Furniture manufacturer Artemob International posted RON121 million (EUR25.1 million) revenue in 2020, a decrease of 15.5% year-on-year, ZF has calculated from Finance Ministry data.

Prada Invests EUR19M in New Plant in Romania

Wed, 22 Sep 2021 05:00:00 GMT

Hipic Prod Impex in Sibiu County, controlled by fashion group Prada, will invest EUR19 million in a new plant in Romania and create more than 330 jobs.

Compa Sibiu Sets Up Arini Hospitality to Develop Two Hotels in Sibiu

Tue, 21 Sep 2021 16:45:10 GMT

Automotive component manufacturers Compa Sibiu has set up a company, Arini Hospitality, to develop the Mercure - Ibis project.