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.
Romanians celebrate Saint Nicholas (Sfântul Nicolae) on December 6, a tradition that has grown far beyond its religious roots and signals the official start of the holiday season. The day is especially beloved by children, who eagerly prepare their freshly polished boots in hopes of finding small gifts in the morning. Many Romanians also celebrate […]
The newest episode of Voices of Romania, Romania Insider’s interview series, is now available on Spotify, YouTube, Apple Podcasts, Deezer, and all...
ASFAT, a wholly state-owned company operating under Türkiye’s Ministry of National Defence (MoND), has signed an agreement for the delivery of the light corvette Akhisar to the Romanian Naval Forces. This transaction represents a milestone for Türkiye’s defence industry, as it is the first international sale of a combat ship built in Türkiye to a […]
Wind projects with a total capacity of almost 316 MW have been declared winners in the third auction under the Contracts for Difference (CfD) scheme, above the minimum threshold set by the Ministry of Energy, according to sources quoted by Economica.net. The third auction was organised because of insufficient projects approved under...
Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) of Romania-based, state-owned bank CEC Bank at BB/stable, its Viability Rating (VR) at bb, and Government Support Rating (GSR) at b, based on the bank's moderate, albeit strengthening, business profile, adequate capitalisation, and reasonable funding and liquidity. This puts the Romanian bank's rating two notches […]
Romania's Ministry of Transport blocked a key procedural step required for the listing of Bucharest Airports Company on the Stock Exchange (BVB) after opposing an item on the shareholders' agenda concerning the resumption of the auditor selection process. The vote took place at the end of November, following a request by Fondul Proprietatea, which holds […]
