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Tehmag Wants to Launch First Locally-Produced Bielda Machine in 2023
Mihai Nica, co-founder of Tehmag, a company that sells industrial machines, says he plans to start production of Bielda industrial machines in Romania in 2023.
Biofarm Bets on New Internally-Developed Products
Romanian-held pharmaceutical products manufacturer Biofarm, the fifth largest player on this market by turnover, plans to add internally-developed products to its portfolio, especially as th...
Prefera Foods Want to Boost Exports to 30% of Turnover
Raul Ciurtin, founder of Prefera Foods, a major player on Romania’s canned food market, plans to bolster the value of exports, now weighing 4% in turnover, to 30% of total revenues.
Aqua Aurum Distribution Sees 2021 Turnover Slide by 6%, to over RON1M, YOY
Aqua Aurum Distribution, the company managing mineral water brand Aur’a Mineral Water, in 2021 posted turnover worth above RON1 million, down 6% on the year.
Constantin Dulute Raises Bet on Vinicola Averesti 2000
The bet of Constantin Dulute, a major Romanian entrepreneur, on Vinicola Averesti 2000, the company behind Domeniile Averesti wine brand, is ever bigger.
Technical Textile Producer Techtex Completes EUR5M Plant near Baia Mare
Techtex, a company specializing in technical textile production, part of Taparo group, in 2021 completed a EUR5 million investment in its third production unit, a new plant near Baia Mare, a...
Gusto Corn Puffs Maker Phoenix Y Exports Over Half of Production
Phoenix Y, the producer of Gusto corn puffs, currently exports more than half of Baicoi plant production.
Romania Posts Trade Deficit of EUR19.2B in Jan-Oct 2021
Romania’s trade balance posted a deficit of EUR19.2 billion in the first ten months of this year, higher by EUR4.3 billion compared with the first ten months of 2020, data from the country’s...
Antibiotice Iasi Wants 60% of Sales to Come From Abroad by 2028
Antibiotice Iasi, the biggest local Romanian-held drug maker, aims for exports to weigh 50%-60% in turnover by 2028.