Found 20563 news
Turism Felix, the hotel company managing five accommodation units in resort tourism compound Baile Felix, has for the first time since its foundation gone beyond the RON100 million threshold in terms of revenues.
Sphera Franchise Group, the company that manages KFC, Taco Bell and Pizza Hut restaurants locally, plans to open six units this year and go beyond the 170-unit threshold in the restaurant portfolio, says Bogdan Budes, financial officer.
Natural gas and electricity supplier and distributor Premier Energy (PE), 71% held by Czech investment fund Emma Holding, debuted on the Bucharest Stock Exchange on Tuesday, May 28, at a capitalization of RON2.64 billion, according to data aggregated by ZF from the Bucharest Stock Exchange.
Banca Transilvania (TLV.RO), the largest bank in Romania, announced on the Bucharest Stock Exchange on Tuesday evening that it had reached an agreement with France’s Société Générale to buy BRD Pensii.
TeraPlast Bistrita (TRP.RO), a company listed on the main segment of the Bucharest Stock Exchange and majority-owned by Dorel Goia, intends to conduct a capital increase to expand outside Romania through acquisitions and could complete two deals in 2024.
German-held retailer PENNY is opening the country's first fully autonomous store in the Politehnica area of Bucharest on Wednesday, where the shopping experience is entirely digital.
Technology company Cegeka Romania, the local subsidiary of the Belgian IT group by the same name, posted EUR60 million revenue in 2023, up almost 30% from the previous year, its representatives said in a news release.
DIY retailer Dedeman, the largest Romanian entrepreneurial business, held by brothers Adrian and Dragos Paval through special purpose vehicle Paval Holding, ended 2023 with RON1.5 billion net profit and RON11.5 billion sales, data on the Finance Ministry website show.
The European Bank for Reconstruction and Development (EBRD), the largest institutional investor in Romania, has bought into Premier Energy (PE.RO), following the initial public offering the natural gas and electricity supplier conducted on the Bucharest Stock Exchange.
MedLife, the main actor on the private medical service market in Romania, has opened a new Sweat fitness & wellness center in Drumul Taberei, Bucharest, following an almost EUR1 million investment.
Real estate developer Forty Management will open its first hotel under the Swissôtel brand in Hungary in partnership with France’s Accor Group in the Lagoon City complex in Budapest in 2028.
Garanti BBVA Romania has obtained a EUR10 million subordinated loan from The Black Sea Trade and Development Bank (BSTDB), with the funds set to be used inclusively to expand its local loan portfolio.
Deloitte Romania has assisted investment fund Accession Capital Partners (ACP) Credit, part of ACP Group, in granting EUR10 million funding to Mogo Romania, a company specializing in financing used vehicles and part of Latvian fintech Eleving Group.
Romanians in the first four months of 2024 paid taxes worth over EUR250 million via SelfPay self-service payment terminals, for natural and legal persons, with 1.5 million deals of this type registered.
Uniqa Asigurari and Uniqa Asigurari de Viata, companies operating in Romania under the umbrella of Austrian group Uniqa, ended the first three months of 2024 with an overall EUR35.3 million volume of gross underwritten premiums, 14.5% higher than in the year-earlier period.
CTP, the largest owner and developer of logistic and industrial spaces by gross leasable area (GLA) in Europe, has acquired from Globalworth, the main office investor in CEE, an industrial portfolio of 270,000 square meters GLA and 30 hectares of land in six key locations of Romania.
DN Agrar Group, Romania’s largest integrated livestock farm, in the first quarter of 2024 posted RON40 million turnover, down 9%, and RON8 million net profit, 5% lower than in the year-earlier period amid 25% cheaper milk.
Cooling systems producer RAAL Bistrita, with clients such as John Deere, Class and AGCO, for 2023 reported turnover worth RON383 million (EUR77.4 million), down 1.6% from the previous year, in line with ZF calculations based on Finance Ministry data.
Bacau-based Agricultorul, a grain and fertilizer trader, has a RON13 million investment budget for 2024, with the largest project envisaging the setting up of a logistics platform in Onesti.20563 items