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Apparel producer Braiconf, with a 70-year history, is relaunching its online store in parallel with the expansion of its portfolio, dedicated until now to men, with products for women and the entire family.
Drug producer Zentiva plans new production investments in Romania and wants to bring new products to manufacture in Bucharest, explained Simona Cocos, general manager of Zentiva Romania and the Republic of Moldova.
The Bucharest Stock Exchange (BVB), the operator of the local capital market, is exploring options to create a Stock Exchange in Chisinau, together with the Moldovan state and other partners in the Republic of Moldova.
Romanian entrepreneurial group Agroland Business System, which owns the largest network of farm supply store chain in Romania, is investing in ten new stores and aims to reach 250 units by end-2025.
Garanti BBVA Leasing, part of Garanti BBVA Romania, is strengthening its commitment to support SMEs in Romania by taking out a EUR20 million loan from the Black Sea Trade and Development Bank (BSTDB).
Sporting goods retailer Intersport, one of the most powerful actors in this market by turnover and number of stores, has appointed Romanian executive Nicolae Mogos to the position of general manager of its local operations.
Havi Logistics, one of the largest transportation and logistics companies in Romania and one of the world's largest operators in the world for quick service restaurant and convenience food brands, returned to profit in 2023, with a net gain of RON2.8 million (EUR570.500), compared with a loss of RON9.9 million (EUR2 million) reported in 2022, as per publicly available data.
Oil drilling company Foraj Sonde Videle (stock symbol: FOJE) has signed a contract of over EUR10 million targeting geothermal drilling works for the project "New Headquarters for Dr. Professor Dimitrie Gerota Emergency Hospital” in capital city Bucharest, the company has announced in a stock market report on Dec. 10.
Mircea Cotiga, with 16 years of experience in the financial sector and six years as entrepreneur, has taken over the position of Chief Financial Officer (CEO) and member in the Board of Directors of TechVentures Bank (the former Banca Feroviara).
Romania's Competition Council has announced in a press statement on Dec. 10 that it has launched an investigation into possible anti-competitive agreements on the local sporting goods market.
Romania's central bank has announced in a press statement on Dec.10 that its Board of Directors approved on September 30, 2024 the Internal Regulation on the general framework for emergency liquidity assistance.
BCR Seed Starter, the first corporate venture capital (CVC) company established by a bank in Romania, has announced its first investment, of EUR500,000, in FieldOS, an innovative platform in the Field Services Management (FSM)/Computerized Maintenance Management Software (CMMS) vertical.
Private medical clinics chain Regina Maria has announced the relocation of the Policlinica Baneasa clinic to the Baneasa Airport Tower building, following an investment of EUR5 million.
Romania's trade balance posted a deficit of EUR27.21 billion in January-October 2024, higher by EUR3.99 billion (+17.2%) compared to the same period of 2023, data from the country's statistics board INS showed on Tuesday (Dec. 10).
The Romanian real estate investment market ended the first three quarters of 2024 with deals worth almost EUR650 million, around three times more than in the year-earlier period, registering the biggest deal activity growth in the region, in line with Colliers data.
Techbolide, a developer of software solutions and IoT technologies, is relocating its central headquarters to office compound Business Garden Bucharest part of the portfolio of Swedish developer Vastint.
INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltic area, has signed an agreement for stock acquisition in Pehart Grup, one of southeastern Europe’s largest paper producers.
IPEC (Întreprinderea de Portelan Elena Covaciu), the company that manufactures ceramic products for household and ornamental use and is one of IKEA's main suppliers on the local market, expects to end the current year with turnover worth around RON137.5 million (EUR27.6 million), down from 2023, when it raked in RON143.4 million (EUR29 million).
Fitness center network Stay Fit Gym continues investments and accelerated growth and wants to reach around 70 units countrywide by end-2025, against almost 50 units at the end of this year, explained Alexandru Lascar, co-founder of Stay Fit Gym.
MedLife group, the largest private healthcare player by turnover in Romania, aims to expand further, either via acquisitions, or by opening new clinics, particularly in cities where it does not have a strong foothold.18957 items