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Tudor Mihailescu, Senior Vice President and Chief Operating Officer (COO) within the eMAG Group, in June 2024 also took over the position of general manager of Freshful by eMAG online hypermarket.
Real estate consulting company Colliers has appointed Alexandru Atanasiu to the position of Head of Construction Services and member of the Board of Directors.
OMV Petrom, Romania’s largest oil and gas producer, announced total hydrocarbon production in Q2/2024 reached 110,100 barrels of oil equivalent per day (boe/d), down 3.2% from Q2/2023.
Meat product manufacturer CIA Aboliv of Mihai Viteazu, Cluj, controlled by businessman Bogdan Ilie Daniel, ended 2023 with turnover worth above RON245 million, up 28% from the previous year.
Sebes-based Star Assembly, the local unit of Mercedes-Benz AG, for 2023 reported turnover worth above RON10 billion (around EUR2 billion), up 10.6% from 2022, in line with ZF calculations based on Finance Ministry data.
German group Rewe wants to bring drugstore brand BIPA to Romania, according to ZF sources.
Danish renewables developer European Energy has announced in a press statement that it is planning to develop 1.5 GW of renewable energy capacities in Romania.
Interbrands Orbico, the largest player in the distribution and logistics market, recorded a turnover of over RON6 billion in 2023, up 17% on the year, in line with finance ministry data.
Cluj-Napoca builder Wincon, held by entrepreneurs Bogdan Irsik (90%) and Werner Irsik (10%), for 2023 reported net profit of RON16.4 million (EUR3.3 million), up 72.6% from net gain of RON9.5 million (EUR1.9 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on data on the transport ministry website.
Electricity and electrical equipment producer Electromagnetica (ELMA.RO) has announced in a stock market report that it will organize an outcry bid on August 7 for the sale of assets consisting of 11 small hydroelectric power plants, at a starting price of RON29 million, to which VAT is applied.
Czech-held company Partners Financial Services (PFS) is entering Romania by buying a 32.89% stake in Transilvania Broker de Asigurari (TBK.RO), one of the largest insurance brokers on the local market.
Romania's Finance Ministry has raised RON1.2 billion from banks on Monday (July 8), selling government paper at an annual average yield of 6.06%.
Romania's Competition Council has approved the transaction whereby the OTTO Group, through EOS Credit Funding DAC and EOS Finance IFN S.A., intends to take over a portfolio of performing and non-performing receivables from BRD Finance IFN S.A.
More than 77,200 houses and apartments were sold in Romania in the first six months of 2024, an increase of 16%, while the increase in Bucharest was 25%, real estate consultant SVN Romania said in a report based on official statistics.
In 2023, Romania saw a record level of financing obtained from the European Investment Bank (EIB) Group, with a total of financial commitments worth EUR4.1 billion, the highest level so far, according to data cited by Mihai Precup, director within the Board of Directors and Romania’s representative at the EIB.
Romania’s statistics board INS upwardly revised the country’s economic growth for the first quarter of 2024 against the same quarter of 2023 to 0.5% from 0.1% estimated in the May report.
The BVB Arena Nominations Committee has selected 50 semi-finalists out of the 409 companies nominated on the platform www.bvbarena.ro.
Crane ChemPharma & Energy, a global industrial manufacturer and subsidiary of Crane Company, secured a lease for 3,000 square meters of production space within Industra Park Arad in Romania, developed by Oresa Industra.
Cheile Gradistei tourism and sports complex ended 2023 with RON54 million revenue, Finance Ministry data show, its highest ever.
Germany’s BWM Group bought about EUR2.3 billion worth of parts – steering wheels, tires and loading systems, from direct suppliers in Romania last year, which, together with the rising sales of cars and motorcycles, is a solid base for the group’s ambition to develop an IT and software hub in Romania.18995 items