|
Antibiotice Iasi Opens New Plant in Wake of EUR20M Investment
Romanian pharmaceutical manufacturer Antibiotice Iasi is opening a new plant, in the wake of a EUR20 million investment, with a 50% higher production capacity than the existing (...)
Dec 9, 2022
|
| |
La Placinte Plans No Further Shutdowns, Eyes Existing Business Stabilization
La Placinte restaurant chain now has four own restaurants in Bucharest and a franchise in Iasi after the company has in recent years reshuffled its Romanian network, which had reached 12 units at (...)
Dec 9, 2022
|
| |
Italy’s Moncler Seeks to Hire over 300 People for Bacau Plants
Industries Yield, part of Italy’s Moncler, currently has 327 jobs available for the plants it owns in Bacau county.
Dec 9, 2022
|
| |
Euroins Romania Goes Ahead with RON100M Capital Increase
Euroins Romania, leader of the local third-party motor vehicle insurance (RCA) market, is going ahead with another RON100 million capital raise planned for the company’s development and the (...)
Dec 9, 2022
|
| |
Romanian Govt. ready to take in 100,000 foreign workers in 2023 amid workforce shortage
Romania’s Government is ready to accept 100,000 non-EU workers into the national labor market in 2023, the same number as this year. By mid-September 2022, the General Inspectorate for (...)
Dec 9, 2022
|
| |
Companies in Romania could be excluded from reduced VAT for the installation of PV systems
The Budget and Finance Committee in Romania’s Chamber of Deputies recently approved a project establishing a reduced VAT rate of 5% for PV panels and heat pumps, replacing the regular VAT rate of (...)
Dec 9, 2022
|
| |
Housing transactions increase by 30% in Bucharest and 1% nationally in November
Housing transactions in Bucharest and Ilfov increased by 30% in November 2022 compared with the same period last year. By comparison, countrywide, the increase was only 1%. Some 6,435 homes were (...)
Dec 9, 2022
|
| |
Survey: Major real estate investors and developers in Romania plan to continue expansion
Real estate investors and developers active in Romania argue that inflation, the increasing financing costs, the geopolitical situation, and the increasing construction costs are the main (...)
Dec 9, 2022
|
| |
Romania's financial regulator ASF greenlights first new brokerage firm in 14 years
Romania's Financial Supervisory Authority (ASF) recently granted a stock brokerage and financial investment services license to Investimental, a new brokerage firm backed by Sacha Draghic, the (...)
Dec 9, 2022
|
| |
Romania among EU countries with highest economic growth in Q3
Ireland, Cyprus, Malta, and Romania recorded the highest GDP increases in the third quarter of 2022 (versus the previous quarter) among EU countries, according to Eurostat data. The EU’s GDP (...)
Dec 9, 2022
|
| |
EC approves Romania’s EUR 14.9 bln plan for agriculture and rural development
The European Commission (EC) approved, on December 7, the Common Agricultural Policy (CAP) Strategic Plans of Romania and Bulgaria. The two Plans represent a total EU budget of EUR 20.5 bln, with (...)
Dec 9, 2022
|
| |
ASA CONS Targets EUR31M Turnover In 2022
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-, estimates a total turnover of (...)
Dec 8, 2022
|
| |
Investments In Nestor Platform Near EUR2.2M
Romanian start-up Nestor, which developed a “people intelligence” platform, has reached total investments of almost EUR2.2 million after announcing recently that it attracted an investment of EUR2 (...)
Dec 8, 2022
|
| |
Prospectiuni Bucuresti To Provide Seismic Prospecting Services Under RON16.5M Contract
Geological prospecting company Prospectiuni Bucuresti (PRSN.RO) has announced in a stock market report on Dec 8 the conclusion of a contract for the provision of 2D and 3D seismic prospecting (...)
Dec 8, 2022
|
| |
|
|