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LPR-La Palette Rouge, a logistics company providing pallet pooling services in the retail and FMCG industry, has signed a leasing contract for 3,850 square meters of logistic spaces in ELI Park Ploiesti, Phase 4, a project that is part of the portfolio of ELI Parks, a major developer on Romania’s logistics and industrial space market.
TeraPlast group ended the first half of this year with RON428 million turnover, up 34%, and RON6.6 million losses amid the RON3.8 million non-recurrent expenses and the accelerated ramp-up of Opal stretch film business.
The Bucharest Stock Exchange’s Board of Governors has convened the Extraordinary General Meeting of Shareholders for September 3-4 to authorize the board to approve the Business Plan of CCP.RO Bucharest S.A., updated, subject to the approval of the shareholders of CCP.RO Bucharest S.A in the Ordinary General Meeting of Shareholders of 4-5 September, in the form published on the BVB website, section Investor Relations/General Meetings of Shareholders.
OMV Petrom, Romania’s largest oil and gas producer, reported RON2.62 billion net profit for the first half of this year, up 178% from the year-earlier period.
Vertiv group, a provider of critical digital infrastructure solutions and IT&C support services, present locally via Vertiv Romania subsidiary, with offices in Cluj and Bucharest, continues to register rising demand for its solutions and services amid ever broader adoption of new technologies by companies.
Sergiana group of Brasov has an investment plan that includes renovation of several restaurants part of its portfolio, the expansion of the traditional meat products store network and the installation of photovoltaic panels. On the long term, the entrepreneur family also mulls opening a hotel.
Automotive component manufacturer Lear Corporation Romania, part of US’ Lear Corporation, posted RON1.642 billion (EUR332.1 million) revenue in 2023, an increase of 14% on the previous year’s RON1.441 billion (EUR292.2 milion), Finance Ministry data show.
Slovenian startup Leanpay, which has been present in Romania with its Buy Now Pay Later (BNPL) digital lending solution since 2023, has raised a new series B round of funding worth EUR10 million.
Cafea Fortuna, the leading Romanian-held coffee producer, ended 2023 with RON255 million revenue, an increase of 15% year-on-year, Finance Ministry data show.
Radauti-based home appliances wholesaler Marelvi, controlled by local entrepreneur family Mihalescul, reported a turnover of RON340 million (EUR68.7 million) for 2023, down 2.3% from RON348.1 million (EUR70.6 million) turnover reported in 2022, Ziarul Financiar (ZF) daily has calculated from finance ministry data.
The Board of Directors of Roca Industry Holdingrock1 (ROC1.RO), the Romanian holding of construction materials companies, has called its shareholders for July 29, 2024 to approve a corporate bond issuance program – carried out in one or several rounds-, in the amount of maximum RON50 million or the equivalent in euro.
Capital city Bucharest remained the most dynamic office lease market in the first half of 2024 too, with local companies covering 84% of the total volume of office spaces transacted in Romania, as per an analysis by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.
City Grill Group, one of the leading actors in the Romanian restaurant industry, founded by Dragos Petrescu, ended the first half of 2024 with a turnover of EUR31 million, up 18% from the same period of 2023, and carried out investments worth EUR1.5 million.
Banca Transilvania (TLV.RO), the largest lender in Romania by assets, notified the Bucharest Stock Exchange of having signed the papers to complete the acquisition of OTP Bank Romania in its entirety from OTP Bank Nyrt and Merkantil Bank Zrt on July 30.
Local startup QOOBISS, a fintech company focused on process automation and specializing in the development of remote identity verification solutions using video means, is investing half a million euros in 2024 in Origin, a global platform for the complete digitalization of interraction with clients.
InterCapital Asset Management, Croatia’s biggest independent investment manager and the manager of InterCapital BET-TRN UCITS EFT, the newest ETF tradeable at the Bucharest Stock Exchange, announced the value of assets managed by the fund has topped EUR15 million.
Investment fund Innova Capital has sold Optical Investment Group, a leading retail of optical eyecare and eyewear products in Romania, which includes retail operations (OptiBlu and Optiplaza stores) and wholesale ones, to one of the world’s largest players on the optical market, giant EssilorLuxottica.
The National Railway Supervision Council (NRSC), part of Romania's Competition Council, has fined Grup Feroviar Roman (GFR) a total of RON3.49 million for failing to comply with the measures imposed by the national regulatory body and to allow all railway transport operators access to the service infrastructures it operates at CF Palas station in the Constanta Port area.
Romania's Competition Council has approved the transaction whereby Cyprus' Premier Energy PLC, through Premier Renewable Invest Co S.R.L., intends to acquire Eolica Dobrogea One S.A.
Despite technology transforming consumers’ retail experience, allowing them to seamlessly shop between online, social media, in-app and in-game, 32% of consumers still crave the personal service that only in-store shopping can provide, according to the latest release of data from the EY Future Consumer Index (FCI) – which surveyed more than 23,000 consumers across 30 countries.18957 items