Romania Pillar II Pension Funds End 2021 With Record Assets Of RON89B
01.21.2022
The seven private pension funds operating on the mandatory segment in Romania (Pillar II) had record assets of RON89 billion (EUR18 billion) in 2021, higher by approximately RON14 billion (+19%) on the year, financial regulator (ASF) data showed Friday.
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Nuclearelectrica Deposits RON52.5M with CEC Bank 01.21.2022
Nuclear power producer Nuclearelectrica (SNN.RO) on Friday notified shareholders and investors that based on the order to open a negotiated... more
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Patria Bank Increases Share Capital By RON16.3M 01.21.2022
Lender Patria Bank (PBK.RO), held by investment fund Emerging Europe Accession Fund (EEAF), said in a stock market report on Friday that, within... more
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International Investment Bank Attracts RON105M On Romanian Market Via 3-Year Maturity Bond Issue 01.21.2022
The International Investment Bank (IIB), founded in 1970 by several countries including Romania, on Friday said it started the implementation of... more
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PwC: 72% CEOs In CEE Anticipate Increase In Cybercrime In 2022 01.21.2022
Nearly three quarters (72%) of Chief Executive Officers in Central and Eastern Europe (CEE), including Romania, expect cybercrime to increase in... more
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MAM Bricolaj Boosts Client Base, Opens New Store In Bucharest In First Year As Listed Company 01.21.2022
MAM Bricolaj (MAM.RO), a supplier of materials and furniture accessories, held by the Gavan family, has celebrated on Friday (January 21) the first... more
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Wolf Theiss Advised Germany’s Enercon Group On Sale Of Wind Farm In Stejaru To Premier Energy 01.21.2022
Law firm Wolf Theiss said it acted as legal advisor for Enercon GmbH Group, Germany’s largest wind turbine manufacturer, on the sale of an... more
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Antitrust Body Clears Acquisition Of Majority Stake In Augsburg International By Swiss Automotive Group 01.21.2022
Romania’s Competition Council has approved a transaction whereby Autonet Group Holding (AGH), part of Switzerland’s Swiss Automotive Group... more
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Software Developer Oves Enterprise Set to Expand Abroad 01.21.2022
Oves Enterprise, a Cluj-Napoca-based company specialized in software development, with turnover of around RON14 million at end-2021, announced it... more
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Builder Concelex Aims to End Next Two Years in the Black 01.21.2022
Radu Piturlea, deputy chairman of Romanian builder Concelex, says the company wants to end the next two years with rising results and it already... more
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Tire Maker Michelin Tops 4,500 Employees in Romania 01.21.2022
Michelin Romania, part of French group Michelin, one of the world’s biggest tire manufacturers, has come to have more than 4,500 employees locally. more
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Dedeman Climbs In Romania’s Biggest Employer Ranking, With Over 12,000 Employees 01.21.2022
Dedeman, leader of Romania’s do-it-yourself (DIY) market and the biggest Romanian entrepreneurial company by turnover, got beyond the... more
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EDPR, Romania’s Third Largest Green Power Investor, Back on the Market 01.21.2022
Portugal’s EDP Renewables (EDPR), the third strongest investor in Romania’s green energy, took over Beta Wind project company, the developer of... more
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Eurosport DHS Seeks to Hire 50 People at Deva Bicycle Factory 01.21.2022
Bicycle maker Eurosport DHS, controlled by Chinese and German investors, currently has 50 jobs available at the Deva plant. more
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JW Marriott 2021 Revenues Reach 45% of 2019 Level 01.21.2022
Bucharest’s five-star hotel JW Marriott, managed by Societatea Companiilor Hoteliere Grand, ended 2021 with turnover at 45% of 2019 level. more
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Lidas Starts Building Second EUR46M Bakery Factory 01.21.2022
Tulcea-based bakery company Lidas, controlled by entrepreneur Elena Anastase, stared construction works for the second bakery plant, in Cataloi, in... more
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Cigarette Wholesaler Punctual Comimpex Posts 17% Growth in Revenue to RON850M In 2021 01.20.2022
Cigarette wholesaler Punctual Comimpex based in Cluj-Napoca and owned by entrepreneur Vasile Muresan, ended 2021 with total revenue of RON850.8... more
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Digi Repays EUR272M of Financial Debt After Sale of Hungarian Subsidiary 01.20.2022
Telecommunications operator Digi Communications (DIGI.RO) on Thursday night notified Bucharest Stock Exchange investors it had repaid EUR272... more
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Rombat Bistrita Automotive Battery Sales up 15% in 2021 01.20.2022
Rombat Bistrita sold 2.65 million automotive batteries on the markets where it operates in 2021, up 15% from the previous year, the company said. more
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SIF Banat-Crisana Reaches 10.2% Ownership Stake In SIF Muntenia 01.20.2022
Regional investment fund SIF Muntenia (SIF4.RO) said in a stock market report on Thursday that it was notified by regional investment fund SIF... more
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Roofing Manufacturer Impro to Invest RON30M in Romanian Plants 01.20.2022
The roofing and insulating panels manufacturer Impro, a subsidiary of the Polish group of the same name, has planned investments in its factories... more
Ford Romania on Friday revealed the one millionth vehicle manufactured at its Craiova assembly facility, which is a Puma ST-Line in
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CTP, the biggest developer and manager of industrial and logistics space in Romania, has over 270,000 square meters under construction
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Foreign tourists who came on holiday in Romania in January-October 2021 spent around EUR2 billion, in line with data provided by the
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Ford’s assembly facility in Craiova has produced one million vehicles between 2009 and 2021, in the amount of EUR18 billion, of which
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Investment in companies developing technology to try to combat the climate crisis grew to $87.5 billion in the year leading up to June
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Belgium’s Louis Delhaize Group, present in Romania since 2003 with hypermarkets under the cora brand, has reached an agreement with
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Garanti BBVA Romania, one of the most dynamic lenders on the local market, has signed a financing agreement worth EUR40 million with
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With 99,698 new vehicles sold until December 20, 2021, Dacia is at the top of sales to individuals in France in 2021, according to
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Poland’s group CCC is bringing in Romania in 2022 the HalfPrice brand, which will operate on the fashion outlet segment, according to
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What Chances Do Romanian Entrepreneurial Companies Stand to Become “Multinationals of the East”?
A rising number of companies, not just from the tech field, are exporting their business model abroad, gaining new markets and strengthening their operations, acting as genuine “multinationals” of the East. Is this concept functional at present and can it be used in any field?