The local subsidiary of the Swedish producer of equipment for maintaining green spaces – Husqvarna – reported business worth 24 million euro in 2021, up by 13% against 2020. Until the end of the year, the company estimates business of 25.5 million euro in Romania and prepares investments of almost 2 million euro by opening three new shops. ‘It is about investments of almost 1.8 million euro’ the company announced. The market for green space maintenance equipment is very dynamic and oriented to new technologies, say the representatives of the company. Husqvarna invested at group level only in 2020 approximately 166 million euro in research and development. The allocated sum especially for the development of digital services and automated products with batteries. At present, the company is in full process of development of this technology which they have already supplied in the professional products through the EPOS solution ( exact position operating system). Thus, the future grass mower will be able to do more than to maintain the lawn in excellent state. Set up in 1689, Husqvarna, part of the Swedish group with the same name, produces a large variety of equipment and accessories for forests, parks, gardens and constructions from chainsaws and disc-cutting machines, up to robotic lawnmowers for lawnmowers. The company has been a world leader in the domain of robotic lawnmowers since 1995, with over 2,000,000 units sold in the world.
Rompetrol Rafinare, a KMG International Group (Rompetrol) member company, announced it recorded in the first nine months of 2024 a gross turnover of USD 3.57 billion and an operational result (EBITDA, an indicator that measures the company's profitability before deducting depreciation, interest, fees, and taxes) of about USD 125 million. The financial results were impacted […]
The Romanian natural gas group Romgaz (BVB: SNG) announced that it obtained a net profit of almost RON 2.3 billion (EUR 460 million) in the first nine months of this year, 4.8% more compared to last year, according to a note sent to investors. The company's total revenues dropped by 16.3% y/y to RON 6.13 […]
Romania's energy group OMV Petrom announced that Transocean Barents, the mobile semi-submersible offshore drilling unit contracted for the Neptune Deep natural gas extraction project, has arrived in Constanta. "The arrival of the platform marks a crucial moment in our effort to develop the first gas project in the deep water area in Romania, together with […]
Romania's economy will expand by only 1.4% in 2024, slowing down from 2.4% in 2023 and 4.0% in 2022, but it will gradually recover to stronger growth rates in the coming years: 2.5% in 2025 and 2.9% in 2026, according to the European Commission's Autumn 2024 Economic Forecast. The rebound will be driven by a […]
If you’re searching for a hidden gem in Europe, Romania is calling your name. Tucked between the Carpathian Mountains and the Black Sea, this country is an untouched marvel, combining natural beauty, rich history, and endless opportunities for entrepreneurs and retirees alike. Romania offers a unique blend of modern life and ancient charm, making it […]
Let’s talk about the lack of connection with our body and how this is closely tied to burnout, plus, what to do about it. So often throughout the day, we live almost entirely in our minds. We’re focused either on what we have to do at the moment—tasks that increasingly demand mental effort over physical […]
