Found 18995 news
Food supplements and tea producer Dacia Plant, ended 2023 with a turnover of almost RON83 million, up 10% on the year, but its profit shrank 15% on the year to RON17.1 million, as per public data from the finance ministry.
Turism Felix (TUFE.RO, which manages five hotels in Baile Felix, Bihor County, has signed letters of intent to enter final negotiations with two international hotel chains to affiliate three of its hotels, it said in a report to the Bucharest Stock Exchange.
Grampet Group, the largest private railway group and logistics operator in Romania and in the Central and Southeastern Europe, is making a number of changes to the management team, including appointing Gruia Stoica chairman of the board of one of the member companies, Reloc Craiova.
Romania's Finance Ministry raised RON1.92 billion from banks on Thursday (July 11), selling government paper in two auctions, at annual average yields of 6.31% and 6.83%, respectively.
French-held retailer Carrefour is opening two hypermarkets in Constanta, following the integration and rebranding of several Cora stores.
Vectr Holdings, through its subsidiary Vectr Realty, has acquired 100% shares of the company that owns The Landmark office building, and the move is part of Vectr Holdings’ growth plans in Romania.
The first half of 2024 saw real estate transactions in Romania totaling EUR419 million, more than double the amount recorded in the same period of 2023, Colliers Romania experts said in their market report for the first half of 2024, set to be released at the end of July.
Aqurate, a local startup that has developed an AI-powered SaaS platform for ecommerce data analysis, aims to raise a new seed funding round to step up the development of the project and regional expansion, according to its representatives.
OVES Enterprise, a Romanian software development company and drone manufacturer, has announced the acquisition of a minority stake in MXT Creation, a provider of end-to-end solutions for embedded hardware products, and is thus entering a new field of activity - the printed circuit board (PCB) production, company representatives said in a press statement on July 11.
Early Game has invested EUR900,000 in Relock, a cybersecurity startup created by Polish founders that develops a new API protection technology, as part of a pre-seed round.
Computer and electronics retailer Altex, held by entrepreneur Dan Ostahie, and furniture retailer Mobexpert, held by Dan Sucu, will be jointly launching a new store concept, along with the inauguration of a products and services center planned for summer 2025.
iBanFirst, one of the leading global providers of foreign exchange and international payments for businesses, has intermediated EUR660 million in international payments for Romanian trading companies in the first half of 2024, marking a substantial 203% increase compared to the same period last year.
tbi bank, which provides flexible payment solutions, has signed a partnership agreement with insurance broker Pint.ro, whereby customers can buy insurance, including auto liability insurance RCA, through the Buy Now, Pay Later (BNPL) solution, in four interest-free installments or 6-12 installments with interest.
Romania's annual inflation decreased to 4.9% in June 2024, compared to 5.1% in May 2024 and 5.9% in April 2024, data from the country's statistics board INS showed on Thursday (July 11).
Law firm Filip & Company assisted the Spain subsidiaries of Digi group in sealing a national roaming contract and a RAN sharing agreement with Telefónica Móviles España.
Konica Minolta Business Solutions Romania, a major player on the printing systems market and a supplier of IT solutions and services, ended 2023 with turnover of above RON35.7 million (RON177.6 million), up over 7% from 2022.
Ardealul Carei, a major vegetable oil producer locally, for 2023 reported turnover worth RON427.7 million (EUR86.5 million), down around 30% from 2022, in line with ZF calculations based on Finance Ministry data.
Pretzel shop chain Luca has in less than 15 years reached turnover of half a billion lei (RON526 million in 2023) after fast growth supported by expansion on the one hand, the network comprising around 140 units in Romania alone, and on consumers’ shift to such products on the other hand.
Heineken Romania, the second-largest player on the local beer market, ended 2023 with RON1.7 billion revenue, up 13% from the previous year, Finance Ministry data show.
Simtel Team (SMTL.RO), a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange and a national leader in renewable energy, has received approval from the Financial Supervisory Authority (ASF) for the prospectus for the admission to trading of its shares on the main market of the Bucharest Stock Exchange, the company said in a press release.18995 items