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Five-star hotel Vibre in Cluj-Napoca has reached an occupancy rate of 55%, having opened last August. Demand for accommodation services has been steadily increasing from month to month, so the expectations of Cristina Petrut, the hotel's owner, are to end the year with an average occupancy rate of 65% to 70%.
Iasi-based medical group Arcadia, which operates several clinics and hospitals and is the biggest healthcare operator in the region of Moldavia, ended 2023 with a turnover of over RON195 million (nearly EUR40 million), up 11% on the year.
The 20 largest actors in the meat industry in Romania posted RON13.6 billion or almost EUR3 billion revenue together last year, an increase of 7.5% on the previous year, ZF has calculated from the data provided by companies and from public data available from the Finance Ministry.
Romania's industrial production prices for the total (domestic market and non-domestic market) decreased by 4% in April 2024 compared to April 2023, with the energy industry and the intermediate goods industry seeing price declines of 13% and 3.7%, respectively, data from Romania’s National Statistics Institute INS showed on Tuesday (June 4, 2024).
Liviu Diaconescu and Victor Capitanu, the founders of real estate developer One United Properties (BSE:ONE) bought shares in the company in the amount of over RON3 million, through their investment vehicles, within three trading sessions at the Bucharest Stock Exchange, as per a stock market report.
Delphine Mirelle Garcin-Meunier, who served as head of group strategy with Société Générale and has been a member of the Executive Committee of the group since 2023, has received approval of Romania’s central bank for her position as chairperson of the Board of Directors of BRD-Groupe Société Générale, the bank said in a report to the Bucharest Stock Exchange on Tuesday.
Orange Romania, the leader of the local telecom market, has announced the expansion of its 5G+ network to the town of Pitesti.
Carrefour Romania on Tuesday announced a series of appointments to the retailer's Executive Committee to streamline operations, including the return of Catalin Samara, former CEO of Bringo International, in the role of Hypermarket Business Unit Director (Hiper Director & Expansion).
State-run company Nuclearelectrica (BSE:SNN), Romania’s sole nuclear power producer, has announced in a stock market report on June 4 that Mihai Laurentiu Gioara was appointed to the position of Deputy General Manager Commercial and Development.
Romania's hourly labor costs adjusted to the number of working days increased by 16.45% in the first quarter of 2024 compared to the first quarter of 2023, data from the country's statistics board INS showed on Tuesday (June 4).
Romanian brokerage firm BRK Financial Group [BSE:BRK] will act as issuer market maker for Sphera Franchise Group [BSE:SFG], the Bucharest Stock Exchange (BSE), starting with June 4, 2024.
Azerbaijan Airlines AZAL, Azerbaijan’s state-owned airline, has launched the Bucharest-Baku flight that will connect the two countries via a direct flight for the first time.
The overall volume of office spaces leased outside Bucharest is rising and 82% of the total area is in Cluj-Napoca, reveals an analysis by Fortim Trusted Advisors, part of BNP Paribas Real Estate Alliance.
Samsung Electronics Romania, the local subsidiary of the South Korean giant that leads the global smartphone market, last year registered net turnover worth RON5.6 billion (EUR1.1 billion), slightly down, by 1% from 2022, while net profit almost doubled.
Japanese group Sumitomo, which owns Alcedo in Romania, a major farming input wholesaler, is in talks to take over Naturevo, also a farming input wholesaler.
VLG Ro, a supplier of electrical cables and conductors based in Martinesti, Cluj County, part of the Austrian Meinhart group, posted RON408.6 million (EUR82.6 million) revenue in 2023, down to almost one quarter of the 2022 level of RON1.6 billion (EUR324.6 million), according to ZF calculations based on Finance Ministry data.
Two of the three largest cement producers in Romania saw a decline in their profit margins in 2023, according to calculations based on data published on the Finance Ministry website.
Danone Romania has appointed Adrian Valentin Pascu to the position of General Manager of Danone Central and Eastern Europe (CEE), a region that includes Romania, Bulgaria, the Czech Republic, Slovakia, Hungary, Ukraine, Moldova, Albania and the Adriatic countries.
Alstom GSS Romania, the former Bombardier Transportation Shared Services Romania, controlled by France’s Alstom, ended 2023 with a turnover of RON153.8 million (EUR31.1 million), up 42.5% from RON107.9 million (EUR21.9 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily, based on finance ministry data.
Average price of old three-room apartments in Bucharest reached EUR107,300 in May 2024, up from the EUR106,400 in April 2024, the real estate index compiled by ZF and real estate consultancy SVN Romania shows. The price increased by 4% over May 2023, compared with 3% in April 2024 vs April 2023.19015 items