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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.
New car registrations in Romania increased by nearly 15% in May 2024 against the same month of 2023, up to 15,700 units, in line with data provided by Romanian carmakers’ association ACAROM.
CTP, the largest owner and developer of logistic and industrial spaces by gross leasable area (GLA) in Europe, has appointed Ionut Puiu to the position of Construction Director, effective May 2024.
Romania's Finance Ministry raised RON862.9 million from banks on Monday (June 3), selling government paper in two auctions, at annual average yields of 6.63% and 6.83%, respectively.
LOT Polish Airlines has officially inaugurated the direct flights between Oradea and Warsaw on Monday, June 3, 2024, thus increasing the number of international destinations Oradea can access to and from Europe, Asia and North America.
BRD Pensii, the smallest Pillar II private pension fund in Romania, which is getting ready to be acquired by Banca Transilvania from French-held BRD-SocGen, has doubled its investment in electricity generation company Hidroelectrica (H2O) on the Bucharest Stock Exchange.
Sphera Franchise Group (SFG.RO), the company that manages KFC, Taco Bell and Pizza Hut restaurants locally, has opened the first KFC restaurant (a drive-thru unit), in the city of Hunedoara, in the central-western part of Romania.
Portland Trust, one of Romania’s most dynamic real estate developers, has sold a 50-ha land plot in Moara Vlasiei to FallCreek, a US supplier of blueberry seeding material, which will set up a nursery there.
Romania's foreign exchange reserves stood at EUR65.07 billion at end-May 2024, higher by EUR2.5 billion compared with EUR62.5 billion recorded in April 2024, central bank data showed on Monday (June 3, 2024).
The Romanian manufacturing sector’s performance improved further in May 2024, seeing the highest advance since July 2023, according to the latest BCR PMI® data.
Deloitte Romania is expanding its top management team with four new partners, by promoting Andrei Paraschiv, a former Consulting Director, lawyers Irina Dimitriu and Mihnea Galgotiu-Sararu, who have been for several years Partners at Reff & Associates, the law firm affiliated to the Deloitte Legal network, and by recruiting Bogdana Buhos, who will take on the role of Audit and Assurance Partner.
Glissando Garden Center, operating on the Romanian Home & Garden sector, and specializing in the trade of flowers, plants, and garden items, debuted on June 3, 2024 on the AeRO market of the Bucharest Stock Exchange.
Real estate consultancy Cushman & Wakefield Echinox ended 2023 with EUR12 million revenues, up 15% from 2022, with growth supported both by business lines providing brokerage services, and professional services.
Logistics and semiiindustrial space supplier VGP, is expanding Timisoara logistic park with a new building with a leasable area of 32,768 square meters, thus reaching eight warehouses in the project.
Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, has assisted J.C. Flowers & Co. in finalizing the sale of First Bank to Italian group Intesa, thus marking the exit of the US private equity fund from Romania.
Romanian executive Adrian Ariciu, who has run from the CEO position the local operations of German group Metro, active in cash&carry food retail, will take over a regional position. He will be executive vice president (EVP) for Eastern Europe.
One of the oldest companies present on Romania’s IT market, Apcom IT Distribution, previously operating under the name of IRIS, which stands out on the market by being the sole authorized distributor of Apple gadgets in Romania, in 2023 posted RON2.465 billion turnover, up 12.9% from 2022.19759 items