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.
Romanian police announced they recovered a stolen bronze statue by French sculptor Emile-Antoine Bourdelle, valued at approximately EUR 15,000. The artwork was taken from France in 2018 and surfaced in Constanța, where officers from the Criminal Investigations Directorate intercepted an attempt to sell it. On February 27, 2025, acting on intelligence...
Romanian telecom group Digi Communications (BVB: DIGI) reported 14% higher consolidated revenues due to strong growth in Spain and launch of operations in Portugal. The group’s gross profit went up almost sixfold to EUR 539 mln, following the sale of its fiber network in Spain. “2024 was a transformative year for Digi, as we strengthened […]
Prosecutors from Romania’s High Court of Cassation and Justice requested a 30-day preventive detention measure for Horațiu Potra, his son, his brother, and 18 other individuals charged with attempted actions against the constitutional order. Horațiu Potra and his two relatives have not been located, and there are indications that they are not in the country. […]
Romania has been downgraded to a "hybrid regime" in the 2024 Democracy Index published by The Economist Intelligence Unit (EIU) on Thursday, February 27. Its score dropped from 6.45 to 5.99, pushing it out of the "flawed democracy" category and down 12 places to rank 72nd globally, between Moldova and Papua New Guinea,
Banca Transilvania (BVB: TLV), the biggest financial group in Romania, recorded substantial growth in 2024 through both organic expansion and the strategic acquisition of Hungarian group OTP’s subsidiaries in Romania. At the end of 2024, Banca Transilvania Financial Group reported...
2024, a new year of growth for Sphera Group: sales of RON 1.5 billion (+5,4%), net profit of RON 97.2 million (+22%) and EBITDA of RON 176.9 million (+19.6%) Significantly improved profitability for KFC Romania, which achieved a net profit of RON 100.2 million (+15.5%), and Taco Bell, which increased its net profit almost six […]
