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.
Almost 68% of Romanians say they would like the level of foreign direct investment in Romania to increase (versus 15% who would like to see fewer foreign investors), according to a poll "on the population's attitude regarding economic patriotism and the vulnerabilities of the democratic regime," conducted by INSCOP at the behest of the Concordia […]
Belgian logistics real estate developer WDP has announced a EUR 52 million investment in expanding its logistics infrastructure in Dragomirești, on the outskirts of Bucharest, as part of a broader EUR 107 million development program also covering Ridderkerk in the Netherlands, according to
Romanian telecommunications group Digi Communications (BVB: DIGI) announced on April 10 that its subsidiary Digi Romania concluded on April 9 a notification regarding an additional credit facility of EUR 200 million to a senior facility agreement dated April 21, 2023, according to a note sent by the group to investors. The facility has a maturity […]
German discount store chain Penny plans to reach a network of 1,000 stores in Romania by 2035, from 417 currently, and earmarked a budget of EUR 3 billion for local development, according to the company's CEO Daniel Gross, quoted by Revista Progresiv. "In our first analysis...
No price hikes are expected in the short term while the prices might decrease in the long term, Romanian finance minister Tanczos Barna told news channel Digi24, commenting on the effects of the tariffs imposed by the...
Romania's rapidly rising public debt remained steady through January, ending the month at RON 964.4 billion (EUR 193.8 billion), or 46.8% of GDP, according to data published by the Finance Ministry. With no FX or Fidelis bond issue to households in the first month of the year, the public debt has remained constant. However, EUR 4 […]
