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Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 8.4% in unadjusted data and by 7.7% when adjusted for seasonality and number of working days, in January-September 2024 compared to the same period of 2023, data from the country’s statistics institute INS showed on Nov 7.
Poland tops the ranking of the largest companies in Central and Eastern Europe (CEE) in 2023, being followed by the Czech Republic, Hungary and Romania, according to the annual study by Coface.
Six of the ten largest builders in Romania forecast turnover growth this year, particularly supported by public works, reveals an IBC Focus survey, while 20% see stagnation and 20% a decline.
New retail project deliveries are likely to cross the 200,000-sqm threshold this year as well, close to the level of 2023, when developers built 213,000 square meters of new retail spaces, a seven-year high, as revealed by real estate consultancy Cushman & Wakefield Echinox data.
BVB in the first nine months of 2024 registered standalone operating revenues worth RON30 million, 18% lower than in the year-earlier period, and RON11 million net profit, down 39%.
OMV Petrom will, starting January 1, 2025, supply sustainable aviation fuel (SAF) to Romania’s national airline TAROM, on the basis of a contract sealed by the two companies.
CIS Gaz, a Romanian natural gas industry company, founded in 1990 by Sebastian Calugar, part of CIS Group holding, for 2023 reported turnover worth almost RON297.4 million (EUR60.1 million), down 15% from 2022, in line with ZF calculations based on Finance Ministry data.
Organic input producer Norofert Group has invested around RON17 million in the lab at Filipestii de Padure plant, after having decided three years ago it wanted to become a major player on the farming biotechnology market, explained Vlad Popescu, president of the board of directors, Norofert.
Bicycle manufacturer Eurosport DHS, held by Chinese and German investors, posted RON232.2 million (about EUR47 million) revenue in 2023, down 56.7% from the RON536.8 million (EUR108.8 million) in 2022, according to ZF calculations based on Finance Ministry data.
FAN Courier, the leader of the parcel delivery market in Romania, has finalized the extension of the warehouse in Stefanestii de Jos, where it is also headquartered, a EUR30 million investment that started last year.
Hidroelectrica (stock symbol: H2O), the largest electricity producer in Romania, has concluded a partnership with Politehnica University of Timisoara to support research, innovation and training of future generations of specialists in the field of hydropower and energy engineering.
Romania's Competition Council is assessing the transaction through which Volta Grup S.R.L. plans to acquire Electrotehno S.R.L.
IKEA Romania has appointed two market managers for its Baneasa and Pallady Bucharest stores, overseeing other customer meeting points across the country, such as the order pick-up points and the planning and order studio.
Over half (53%) of Romanians plan to go shopping this Black Friday, but, while most of them are set to spend at least RON500, the value is comparable to or even lower than in 2023 for 72% of consumers, according to a survey conducted countrywide at the initiative of tbi bank in October 2024, on a sample of 1,171 respondents.
Electrical cable manufacturer Electroplast is carrying out an investment project valued at over EUR9 million to retool Bistrita plant and expand its halls, in parallel with involvement in new rail infrastructure upgrading projects.
InterCapital Asset Management, an independent investment manager of Croatia, with EUR550 million worth of assets under management, wants to launch, by yearend, a new ETF at the Bucharest Stock Exchange, with exposure to Slovenia’s bourse.
Republic of Moldova’s largest lender Maib ended the first nine months of 2024 with net profit worth MDL 1,095 million, the equivalent of EUR56.9 million, up 10.9% from the year-earlier period.
Holding company Meta Estate Trust has announced the total exit from the boutique residential project developed by APX Immo Property in Bucharest’s Cotroceni area.
Eaton Electro Productie, the local subsidiary of US giant Eaton, which owns two plants in Maramures county where it manufactures electrical panels and metalwork, for 2023 reported turnover worth RON1.484 billion (EUR300 million), down 7.3% from 2022, in line with ZF calculations based on Finance Ministry data.
Cake shop chain Damarin is investing EUR500,000 in a chocolate product lab, a project that will allow the company to expand beyond Craiova. Bucharest is the first target.18957 items