Found 18957 news
tbi bank, a provider of alternative payment solutions, which operates in Romania, Bulgaria, Greece, Germany and Lithuania, is opening its own technology hub - tbi tech, in Türkiye.
Rompetrol Rafinare, a member company of the KMG International group, has announced in a press statement on Oct 8 that it continues to invest in equipment that supports the efficiency of the operational flow in the Petromidia refinery.
Romania's Competition Council has authorized the transaction through which OMV Petrom S.A. intends to outsource certain services to the partnership formed by Eugen Trans S.R.L. and Rohrer Oil & Gas Services S.R.L., along with the employees who provide these services.
Japanese-held JTI, which produces cigarettes under Winston, Camel and Sobranie brands, and owns ploom, a tobacco heating device, has set up a tech center in Romania, with around 140 employees at present.
The overall turnover of companies holding the top ten spots in the National Ranking of Companies compiled by the Chamber of Commerce and Industry of Romania (CCIR) reached EUR270.56 billion in 2023, while the operating profit generated by these companies totaled EUR25.55 billion.
Real estate developer RRG Real Estate Group is starting the first phase of housing project Lakeside11 of Bucharest’s Straulesti area and expects to complete it by end-2026, with total investments amounting to EUR60 million.
Lunet Studio, a Romanian medical optics company founded by brothers Alexandru and Stefan Gugurel, in the first six months of 2024 registered 72% turnover growth, to RON2.3 million, after the opening of the third store of the network, in Bucharest.
OMV Petrom, the second largest natural gas producer in Romania and the largest integrated energy producer in southeastern Europe, has expanded its natural gas supply activities to Bulgaria, starting October, via an offering exclusively aimed at industrial consumers.
Showroom network Piatra Design has reached seven centers and also invested in e-commerce in 2023.
In the first nine months of 2024, smartphone sales in Romania advanced by around 6-7% by value against the year-earlier period, but by volume the market stagnated, in line with estimates by the local representatives of Chinese mobile phone and gadget brand OnePlus.
Sandwich panel and metallic structure manufacturer Romconstruct A G Buzau, held by entrepreneur Gheorghe Tarus, in 2023 registered turnover worth RON178.3 million (EUR36 million), up 4.4% from 2022, in line with ZF calculations based on Finance Ministry data.
Tire and inner tube distributor Nexxon, headquartered in Targu Secuiesc (Covasna County) and held by entrepreneurs Vilmos Barta, Zsombor Somai and Marta Voloncs, ended the first half of 2024 with a turnover of nearly RON88 million (EUR17.6 million), up 10% on the year, as per company data.
Purcari Wineries Public Company Limited (stock symbol: WINE), the leading wine producer in Central and Eastern Europe, unveiled today its new mid-term strategy aimed at establishing itself as an emerging global winemaking champion, committed to preserving and promoting the winemaking heritage of New Europe countries.
Kontron Services Romania, the local subsidiary of Austria's Kontron Group, with a major foothold on the market of integrated IT&C solutions supply for the public sector, recorded net loss of RON62 million for 2023, 13-fold higher on the year, as per data reported by the company at the finance ministry.
EVOLOR, one of the largest players in the Romanian varnish and paint production industry, is inaugurating a new high-performance factory on the Oltchim Ramnicu Valcea industrial platform.
Shareholders of Sphera Franchise Group (stock symbol: SFG), the company that manages KFC, Pizza Hut and Taco Bell restaurants in Romania, approved the distribution of a gross dividend of RON1.05 per share from the non-distributed net profit corresponding to 2023 financial year.
Romania's Finance Ministry raised RON500 million from banks on Monday (Oct 7, 2024) selling benchmark bonds, in line with the planned amount, at an annual average yield of 6.35%.
Selion Global, a global leadership consulting firm specializing in executive search, Board services, leadership advisory and consulting, is entering the Romanian market in partnership with two of the most famous Romanian professionals in the field of executive search and leadership advisory, Filip Nemteanu and Mihai Bajan, who will be running the company's operations as Managing Partners.
Romania's Competition Council has approved the transaction through which Sarmis Holding 4 SarL and Lightspan Management LTD intend to acquire MG TEC Industry SRL.
The total monthly average income in Romania stood at RON8,210 per household, in nominal terms, in Q2/2024, representing RON3,274 per person, 2% more than in Q1/2024 and 18.8% higher than in Q2/2023, data from the country’s statistics board INS showed on Monday (Oct 7).18957 items