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Quick service restaurant chain Hesburger is opening its first restaurant in Romania in Ramnicu Valcea and plans to open ten in all in its first year in business on this market, having allocated more than EUR8 million for investments.
tbi bank has signed a partnership agreement with Safety Broker, 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.
The shares of cybersecurity company FORT, part of Bittnet Group (BNET.RO), started trading on the AeRO market of the Bucharest Stock Exchange, under the stock ticker 4RT, on Friday (May 17).
Alpha Bank Romania in the first quarter of 2024 registered EUR16 million net profit, up 45%, while the bank’s assets reached EUR4.7 billion, 8% higher than in the previous year.
Cereale Colect Distribution, owned by entrepreneurs Tase and Dina Mergeani, generated RON1.2 billion turnover in 2023, up 40% from 2022, in line with ZF calculations based on company data.
Packaging maker Electric, owned by Buzaianu family, ended the first three months of this year with 58% higher turnover than in the same period of 2023, according to the company’s officials.
Danube freight carrier Transport Trade Services ended the first quarter of 2024 with RON32.1 million net consolidated profit, down 63.9% from Q1/2023, but up 163.8% from Q1/2022.
Sole Mizo Romania, part of Hungary’s Bonafarm group, posted RON167 million revenue in 2023, down 5% from the previous year, Finance Ministry data show.
Dr. Leahu Dental Clinics, founded by dentist Ionut Leahu 14 years ago, became Regina Maria Dental Clinics after the Regina Maria healthcare network acquired the majority stake a year ago in the largest transaction of 2023.
Keysight Technologies Romania (the former Ixia), the local division of US Keysight Technologies, ended 2023 with a turnover of RON170.7 million (EUR34.3 million) in 2023, down 14% from RON196.7 million (EUR39.5 million) reported in 2022, as per data on the finance ministry website.
The Finance Ministry has prepared a government decision draft to increase the value of the „Medium Term Notes” program by EUR7 billion from EUR68 billion at the moment to EUR75 billion.
Safety Broker, the largest insurance broker on the Romanian market, has received the approval of Romania's financial regulator ASF to officially become part of US-held broker Acrisure, in line with information provided by the company.
Electricity supplier and distributor Electrica (EL.RO) announced in a stock market report on Thursday (May 16) the signing of a Memorandum of Understanding with Esyasoft Holding Ltd., a subsidiary of the International Holding Company (IHC), Abu Dhabi, United Arab Emirates (UAE).
Romania’s state-owned natural gas producer Romgaz (SNG.RO) has informed its shareholders and investors in a report on May 16 about the establishment of a natural gas supply branch in the Republic of Moldova and its registration under the name "Societatea Nationala de Gaze Naturale ROMGAZ S.A. Medias – Chisinau Branch".
Distributie Energie Electrica Romania (DEER), a member company of the Electrica Group, carried out investments worth RON70.3 million in the first quarter of 2024.
Romania's Finance Ministry raised RON1.37 billion from banks on Thursday (May 16), selling government paper in two auctions, at annual average yields of 6.03% and 6.59%, respectively.
Discount store chain PENNY Romania, held by Germany's Rewe Group, announced on Thursday (May 15) that it ended 2023 with a turnover of over RON8.32 billion, up 16% compared to 2022.
Real estate developer NEPI Rockcastle, the largest owner and manager of shopping centers in CEE, registered a 12.7% increase in net operating income in the first quarter of 2024 against Q1/2023, to EUR135 million.
Prices for old apartments in Brasov rose fast in April by 21% year-on-year to an average of EUR1,930/ square meter, while the average asking price for new apartments reached EUR2,053/ square meter, 8% higher than in April 2023, according to the latest data on Storia, the real estate platform launched by OLX.
Bucharest office market continued to grow in the first quarter of this year in terms of demand both as regards traded volumes, as well as the average deal level, amid an extremely limited supply, in line with data provided by real estate consultancy Cushman & Wakefield Echinox.19015 items