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Fly Lili, held by German businessman Jürgen Andreas Faff, will start operating five flights from the Sibiu International Airport to Nuremberg and Stuttgart (Germany), Milan-Malpensa and Rome-Fiumicino (Italy) and Barcelona (Spain) starting with July 20, 2024.
Honey producer Apidava from Alba County sold honey and honey-based products worth EUR9.4 million, in 2023, compared to nearly EUR8 million in 2022, Alina Mates-Ochis, sales&marketing manager Apidava, told Ziarul Financiar (ZF) daily.
Simtel Team, a Romanian engineering and tech company and a national leader in renewable energy, ended the first quarter of 2024 with net profit of RON4.96 million, up 199% compared to the same quarter of 2023.
The Romanian M&A market is among the top four M&A markets in the region in terms of deal volume and is increasingly gaining visibility with international investors and developing a strong local investor base, notes Razvan Butucaru, Partner, Financial Services & Advisory Leader, Mazars in Romania, in an analysis by the international audit and tax advisory firm.
Affidea, the largest player in the medical imaging services market in Romania, has completed the acquisition of MedEuropa radiotherapy centers, a deal announced in March 2024. The first step for the new MedEuropa shareholder is a EUR15 million investment in Iasi in a new radiotherapy center.
Garanti BBVA Romania will contribute EUR48 million to the syndicated loan of EUR435 million contracted by Ford Otosan Romania.
Romania's finance ministry on Tuesday (May 21) taps external markets for the third time in 2024, selling euro-denominated bonds with 8 and 13-year maturities.
The project to extend Line 4 of Bucharest subway that runs from Straulesti to Gara de Nord to Gara CFR Progresul (Progresul train station) will generate new development opportunities in the south of Bucharest, iO Partners, a real estate consultant based in Vienna, notes in a report.
Romania's real estate investment market ended the first quarter of 2024 with transactions of EUR202 million, 69% more than in the same quarter of 2023, with deals in the retail segment accounting for around two-thirds of the volume, as per Colliers' "CEE Investment Scene Q1/2024” report.
The number of job vacancies reached 35.0 thousand in the first quarter of 2024, marking an increase of 1.7 thousand compared to the previous quarter, data from the country’s statistics board INS showed on Tuesday (May 21).
Half of working women experience a higher stress level than a year ago, and a similar share (49 percent, higher than 2023) say they don’t feel supported by their employer to balance work responsibilities with personal life commitments, as per the Deloitte Women @ Work 2024 study, conducted globally.
Some of the suppliers of footwear retailer Benvenuti closed the factories they had in Romania and moved them to countries where wages are lower, says Adrian Cazu, Benvenuti’s development & retail manager.
Local IT&C company certSIGN, which provides cybersecurity and electronic signature services among others, posted RON102.3 million revenue in 2023, up 33% from the previous year, Finance Ministry data show.
BRD Finance, the consumer finance unit of BRD-SocGen, the fourth largest bank in Romania by assets, is to exit the local financial landscape after two decades in business and is in the process of selling its entire loan portfolio.
Angelli Spumante & Aperitive, one of the largest players on the sparkling wine market, ended 2023 with a turnover of RON78.8 million (EUR15.95 million), up 10% from RON71.6 million (EUR14.5 million) in 2022, as per finance ministry data.
Cristian Oradan, an executive with 14 years of experience within cold cuts producer Elit, took over the position of Chief Executive Officer (CEO) of the company, starting with April 1, 2024.
Porsche Inter Auto has started work on the project of a new center for the Porsche brand in Cluj, which will be located near the airport. It will have both a showroom and a service center and is expected to be completed in 2025.
Deutsche Bahn (DB) Cargo Romania, the rail freight transportation unit of German giant Deutsche Bahn, ended 2023 with a turnover of RON500 million, higher than the RON356 million level reported in 2022, according to company officials and finance ministry data.
Paralela 45, one of the largest tour operators in Romania, ended 2023 with a sales volume of RON300 million, according to data provided by company representatives.
Consumer goods giant Unilever has invested EUR12 million in its ice cream factory in Suceava over the last four years and plans to invest another EUR4 million in 2024 and 2025.19015 items