Found 20563 news
Romanians last year spent RON308 million (EUR63 million) in cinemas, 25% more than in 2022, with the number of spectators rising by 16%, to around 13 million persons, slightly below the 2019 level, in line with data provided by Romania National Film Centre and analyzed by real estate consultancy Cushman & Wakefield Echinox.
Entrepreneurial group Agroland Business, which owns the largest farming supplies store chain in Romania, has turned the Caransebes feed factory into a certified organic unit in the wake of a deal that involved a EUR200,000 investment.
Online retailer evoMAG in 2023 saw sales abroad double, with the weight of this segment climbing to around 10% of total sales.
Huawei, Ericsson and Nokia Networks, three of the largest global producers of equipment and services suppliers for the telecom industry, reported declining turnovers in Romania for 2023.
Minifarm pharmacy chain, with units in Tulcea and Constanta counties and in Bucharest, ended 2023 with RON380.5 million turnover, up 19% from 2022.
Fiterman Pharma, the drug producer controlled by Fiterman family of Iasi, in 2023 saw its turnover go down by almost 10%, while profit halved.
Fuel wholesaler JT Grup Oil, which owns the newest private oil product terminal in Constanta harbor, is readying to list on the AeRO market of the Bucharest Stock Exchange, eyeing the first two weeks of next month to this end, the company’s representatives told ZF.
Romanian fintech Instant Factoring IFN has signed a EUR1 million subordinated loan agreement with the European Investment Fund to expand lending to small enterprises in Romania.
The ten largest companies on Romania postal and courier services market together generated overall turnover worth RON5.6 billion in 2023, up 12% from the previous year, reveals a ZF analysis based on Finance Ministry and company data.
Telecom operator Digi Communications (DIGI.RO) announced its shareholders approved distribution of RON1.25 gross dividend per share in the meeting on June 25.
National grid company Transelectrica (TEL.RO) has secured EUR64 million non-repayable funding from the Modernization Fund, the company announced in a report to the Bucharest Stock Exchange on Tuesday.
Princeton Investments SRL, equally held by Vasile Adrian Viman (former Kaufland Romania CEO) and Claudiu Viman, according to termene.ro, reported overshooting the 5% stake mark in BRK Financial Group (BRK.RO) to the Bucharest Stock Exchange.
International law firm CMS has advised Alcedo SRL (Alcedo), a subsidiary of the Japanese conglomerate Sumitomo Group, on the acquisition of Naturevo, a Romanian distributor of agricultural materials.
Romania’s Grigore T. Popa University of Medicine and Pharmacy of Iasi (UMF Iasi) is borrowing EUR35.4 milion from the European Investment Bank (EIB) to refurbish and upgrade campus buildings.
Rompetrol Rafinare (RRC.RO), a member of the KMG International Group (Rompetrol), has retooled the hydrogen power plant (HPP) in the Petromidia refinery, following an about $10 million investment, the company said in a report to the Bucharest Stock Exchange.
German-held discount retailer Lidl, the leader of the modern retail in Romania by sales, almost RON22 billion in 2023, will have a new chief executive officer as of September, José Alberto Chueca Val.
Private lending in Romania rose in May 2024 by 5.7% from the year-earlier period, to RON393.5 billion, after local currency loans posted a 7.6% increase and foreign currency ones a 1.6% advance, in line with BNR data.
Consulting company Premier Hospitality is taking over the management of Ramada hotel of Sibiu, in a lease-type system for a 20-year period.
Fiber optic cable producer Romcab Targu Mures has announced Austrian group Meinhart Kabel Oestereich GmbH filed a bankruptcy request against the company with Mures Specialized Tribunal.
International fashion retailer Primark will open a store in Iulius Town, the mixed-use complex developed by Iulius in Timisoara, on August 7.20563 items