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Meta Estate Trust, a holding company operating in the real estate field, has signed memorandums of understanding for the acquisition of four commercial spaces that will be developed in several localities of Romania and subsequently be leased on the long term, of 10-15 years, by German discounter Penny.
One United Properties, the leading green investor and developer of residential, mixed-use and office real estate in Romania, has sealed a partnership with Paris Society, part of Ennismore group, to open a Bonnie restaurant within Mondrian Bucharest hotel.
The shareholders of constructions group IBB Holding, with 12 companies operating in the construction field, have approved the issue of bonds with a value of up to EUR10 million, with a minimum 24-month maturity and maximum 60-month maturity, and their subsequent listing on the Bucharest Stock Exchange.
Safety Broker, leader of the insurance brokerage market, ended the first half of 2024 with RON851.6 million gross brokered premiums, up 35% from the same period of 2023.
Luxury conglomerate Cartier, controlled by Richmont group, is looking to open a first monobrand store in Romania, market sources have told ZF.
Hungary-based startup Munch, which provides an application designed to help curb food waste and entered the Romanian market this spring, is expanding operations in the country to Iasi, where it already has 12 partners with 46 locations registered with its platform.
Electricity supplier and distributor Electrica (stock symbol: EL) has informed its shareholders and investors in a stock market report on Sept 17 that it has attracted nearly EUR3.4 million in non-reimbursable European funds through PNRR (National Recovery and Resilience Plan) for a project targeting the construction of an electricity storage capacity.
Schaeffler Romania, the local subsidiary of Germany’s Schaeffler group, announced appointment of Marius Pricop as managing director as of September 2024. Pricop already holds the position of plant manager (Large Size Bearings Plant).
CIS Group, a local business that provides solutions and services for the energy sector, founded by entrepreneur Sebastian Calugar, has signed a contract for the construction of a photovoltaic park in Copsa Mica, with the total investment for this project nearing RON100 million.
THAIco SPA center network, present in Romania for over 10 years, plans to invest around EUR3.5 million to open two new wellness centers this year, after having launched its first unit recently in Bucharest’s Pipera area.
A delegation of the International Monetary Fund (IMF) is set to come to Romania this autumn, representatives of the institution told ZF without providing further details, though.
Romanian private healthcare provider MedLife has taken over 80% in Euromedica Baia Mare Group (Euromedic Hospital and Euromedic Administrator), founded in 2003 by Dr. Mihaela Mociran.
American group Booking Holdings, a global provider of online tourism services and related services, now has over 400 employees in its Bucharest Excellence center officially opened two years ago, being very close to reaching its objective of having a 500-person team much earlier than expected.
The first six months of 2024 brought a 17% turnover increase for Farmacia Ardealul, one of the strongest local brands, created by pharmacist Ilie Echim in Piatra Neamt.
Low and medium-voltage equipment supplier Electro-Alfa International, controlled by entrepreneur Gheorghe Ciubotaru of Botosani, in 2023 registered turnover worth around RON433 million (EUR87.5 million), up 65.5% from 2022, in line with ZF calculations based on Finance Ministry data.
Textile manufacturer Tanex, controlled by entrepreneur Adrian Bajenaru, for 2023 reported turnover worth RON77.6 million (EUR15.7 million), down 17.4% from 2022, in line with ZF calculations based on Finance Ministry data.
Grain trader East Grain of Cluj-Napoca, controlled by Agrofert, the largest agribusiness and food industry group in Czechia, forecast EUR188 million consolidated turnover for 2024.
Timisoara-based pastry maker Senneville is investing EUR15 million in two production units in Calan, Hunedoara county.
Automotive, farming and transportation electric wiring maker E-Cablaje, held by Italy’s Cable Company SPA and Lobogest SPA, posted RON76.7 million (EUR15.5 million) revenue in 2023, an increase of about 14.7% on the RON66.9 million (EUR13.5 million) in 2022, ZF has calculated from Finance Ministry data.
Canned food maker Prefera Foods held by entrepreneur Raul Ciurtin, on Monday notified the Bucharest Stock Exchange of having ended the first half of 2024 with RON1.83 million loss after having sold several brands, compared with a net profit of RON8 million in the first half of 2023.18957 items