Found 18957 news
Dedeman, the largest entrepreneurial business in Romania, is launching an IT project, DedeTech, designed to develop and upgrade the digital infrastructure of the business, in order to streamline the logistics and e-commerce processes of the 62 DIY stores of the retailer.
Fashion and cosmetics are some of the most competitive markets in Romania, with more than 100 foreign and local brands vying over the several billion euros Romanian consumers spend on apparel, footwear and cosmetics each year.
Private lending in Romania posted a similar evolution with the June one, with an annual 6.8% increase (1.3% in real terms) to a total amount of RON403.9 billion, in line with central bank data.
Affidea Romania, the largest player on the local medical imaging market, operated EUR8 million investments in the first half of 2024.
Revolut has gone beyond the 4 million retail client threshold in Romania, its top market in the EU by the number of active users, and the second largest, after the UK, globally.
Romania will have 9 companies included in the FTSE Global All Cap indices starting September after the shares of Transport Trade Services (TTS) are included in the Small Cap category, in line with an announcement made public by global index provider FTSE Russell and quoted by the Bucharest Stock Exchange.
Several investment funds, including Morphosis Capital, ACP, Booster and Integral Venture, aim to join the shareholding structure of 5 to go, Romania’s largest coffee shop chain, with over 600 units, according to market sources.
UniCredit, one of the largest banks in Romania, posted RON947 million consolidated net profit in the first half of 2024, an increase of 43% on the year-ago period, while operating income reached RON1.7 billion, up from RON1.5 billion, the latest half-year report published on the Bucharest Stock Exchange on Friday shows.
Romania's Competition Council has conducted unannounced inspections at the premises and stores of the company Profi Rom Food SRL in the cities of Timisoara and Bucharest.
Law firm Tuca Zbarcea & Asociatii has assisted Romanian entrepreneurs Gianina and Iulian Nica, the founders of food retail chain La Cocos in attracting a strategic investment from the part of EBRD, CEECAT Capital and Morphosis Capital Fund II.
The European Bank for Reconstruction and Development (EBRD) and private equity funds CEECAT Capital Fund and Morphosis Capital Fund II invested EUR30-35 million to take over 56% in stock of the most powerful entrepreneurial business in Romania’s food retail, La Cocos, in line with ZF estimates.
Deloitte Romania assisted real estate developer AFI Europe in acquiring office building Bucharest Financial Plaza from Immofinanz group.
Farmaceutica Remedia, a major player on the local drug wholesale market, has earmarked total investments of over RON14 million for 2024.
Road freight carrier Trans SESE, headquartered in Cluj-Napoca, the local subsidiary of Spanish group SESE, returned to profit in 2023, with net gain of over RON770,000 (EUR155,700), compared with net loss of roughly RON186,000 (EUR37,800) reported in 2022, in line with publicly available data.
Purcari Wineries Public Company Limited (WINE.RO) on Thursday announced its Romanian subsidiary, Crama Ceptura, had performed a strategic asset acquisition in the Dealu Mare DOC.
Pharmaceutical producer Biofarm Bucuresti (stock symbol: BIO) ended the first half of 2024 with net profit of RON42 million, down 17% from RON50.2 million reported in the same period of 2023, as per its half-yearly financial report.
Cocor Bucuresti (COCR.RO), the operator of the shopping center in the center of Bucharest, reported net profit of RON2.6 million for the first half of 2024, up 165.5% compared with the result reported in the same period of 2023, as per its half-yearly financial report.
Vegetable oil producer Argus Constanta (UARG.RO), 91.4% held by Infinity Capital, notified the Bucharest Stock Exchange on Thursday evening of having si9gned a RON67 million loan agreement with Banca Transilvania.
Romanian state-run port operator Oil Terminal (stock symbol: OIL) has announced in a stock market report on August 22 that it signed a partnership agreement with Swiss company Euronova Energies regarding the construction of a bitumen terminal in the Port Of Constanta.
Anca Luca, who has been a community manager for startups within Banca Comerciala Romana (BCR) over the last years, was recruited by the InnovX startup accelerator for the position of Chief Growth Officer (CGO).18957 items