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Banca Comerciala Romana (BCR), controlled by Austria’s Erste Group, in the first nine months of 2024 registered net profit worth RON2.21 billion (EUR446 million), up 30.6% from the year-earlier period, on improved operating result underpinned by advance in customer business.
Electrical components manufacturer Romradiatoare Brasov registered a RON11,223 loss in the January-September 2024 period, after a RON834,126 net profit in the same period of last year.
One of the most twisted deals in the history of Romania’s telecom market, the sale of Telekom operations, has taken a completely unexpected turn: Vodafone Romania will participate in the deal for the acquisition of Telekom Romania Mobile (TKRM) together with rival company Digi.
BRD-SocGen, the fourth largest bank in Romania by assets, in the first nine months of 2024 raked in RON1.06 billion net profit, down almost 11% from the same period of 2023.
Fashion retailer Fashion Days, part of eMAG group, saw its sales on the Romanian market rise by 13.8% during the January-September period against the year-earlier period.
Julius Meinl Romania, a major player on the premium coffee market, in 2023 registered turnover worth RON92.1 million (EUR92.1 million), up 21.4% from 2022, in line with ZF calculations based on Finance Ministry data.
Moldovan Carmangerie, with activities in the meat industry, controlled by Moldovan family of Cluj, for 2023 reported turnover worth RON107.3 million (EUR21.7 million), up 2.3% from 2022, in line with ZF calculations based on Finance Ministry data.
Ford Otosan Craiova yesterday opened the new battery assembly line set to support the production of EVs due to enter production in the coming period in Romania, as part of the EUR490 million investment announced in 2022, when it took over the Craiova plant.
Iulian Stanciu, one of the best-known entrepreneurs in Romania, president of eMAG group, has entered the shareholding structure of oil drilling company Foraj Sonde Videle (FOJE), via the acquisition of a 33% stake from businessman Sever Raicu, in line with ZF data.
A new drug plant has officially launched in Romania after Germany’s Stada inaugurated the production unit of Turda, Cluj county.
Bucur Obor company, which manages the Bucharest shopping center of the same name, posted RON18.2 million turnover in the first nine months of 2024, from RON17.8 million in the year-earlier period.
Building materials producer TeraPlast Bistrita during the first nine months of 2025 registered losses of around RON7 million, after a RON6.8 million profit in the year-earlier period.
Raiffeisen Bank, the local subsidiary of the Austrian group of the same name and the sixth largest bank in Romania by assets, generated RON1.26 billion profit in the first nine months of 2024, slightly down from the RON1.3 billion level reported in the year-earlier period.
Grain trader Promat Comimpex of Tasnad, Satu Mare, controlled by Swiss group Ameropa, a major grain trader locally, in 2023 derived turnover worth RON1.348 billion (around EUR272.6 million), down 18.1% from 2022, in line with ZF calculations based on Finance Ministry data.
Polystyrene producer Austrotherm Romania, the local subsidiary of the Austrian group of the same name, for 2023 reported turnover worth RON177.5 million (around EUR35.9 million), down 29.9% from 2022, in line with ZF calculations based on Finance Ministry data.
Evopack, which produces cardboard and paper packaging in a plant in Piatra-Neamt and which delivers to McDonald’s KFC, Spartan and Mesopotamia restaurant chains, will open a subsidiary and a warehouse in Budapest in December as part of its regional expansion plan.
Bucharest’s Corinthia hotel will open in the first part of 2025, more specifically in the first quarter, Simon Casson, Corinthia Group CEO, told ZF.
OMV Petrom, Romania’s largest company by turnover, reported sales worth RON26.7 billion in the first nine months of 2024, down 6% from the year-earlier period, while net profit rose by 54% to RON3.9 billion amid the elimination of the tax on refined crude oil.
Armchair and sofa manufacturer Italsofa Romania, the local subsidiary of Italian group Natuzzi, for 2023 reported turnover worth RON238.9 million (EUR48.3 million), down 29.3% from 2022, in line with ZF calculations based on Finance Ministry data.
Hotel company ARO Palace, controlled by Transilvania Investments, has signed the franchise agreement with hotel chain Hyatt to transfer the ARO Palace hotel under the international brand.18957 items