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BRD-SocGen, the third largest bank in Romania by assets, ended the first nine months of 2023 with a RON2.72 billion net banking income, up 11.4% from the year-earlier period, while net profit rose by 19.4% year-on-year, to RON1.19 billion.
Fashion Days, the largest online fashion retailer in Romania, part of eMAG group and also present in Bulgaria and Hungary, expects to end fiscal year 2023-2024 with revenues of between RON820-850 VAT not included, up around 20% from 2020, the first pandemic year.
German retailer Kaufland has opened a new store in Urziceni, Ialomita county, thus reaching a 172-unit network nationwide.
Furniture and home products retailer JYSK is expanding further in Romania and has opened a new store in Domnesti, near Bucharest, thus reaching an 137-unit network countrywide.
Food wholesaler Nordic Food has brought to Romania the famous US burger Beyond Meat and other plant-based meat products in the company’s portfolio.
Romania's Finance Ministry raised RON1.5 billion from banks on Thursday (November 2), selling bonds with a nominal value of RON700 million due in 2028, at an average yield of 6.73% per annum.
Banks granted more than RON410 billion new loans to consumers and companies between the start of the pandemic, i.e., January 2020, and August 2023, or 29% of the 2022 GDP, a report of the Romanian Banking Association (ARB) shows.
Liberty Steel Group has appointed Radu Ionescu general manager of Liberty Galati, the largest integrated steel producer in Romania, while executive director Prasanta Mishra becomes managing director plant operations for Liberty Galati, it said in a release.
Agroland Business System (AG.RO), a Romanian retail, agriculture and food entrepreneurial group, which owns the largest network of farm supply stores in Romania, on Thursday notified the Bucharest Stock Exchange of having opened its fourth Agroland MEGA store this year, MEGA Domnesti.
More than 60% of consumers in cities who plan to order online during the Black Friday campaign will choose delivery to parcel lockers (easybox), reveals a survey by Sameday, a local parcel delivery company. Sameday expects an increase of about 25% in delivery volume on Black Friday, compared with last year, its officials said.
The number of applications for a new job has reached a record high this autumn on BestJobs platform.
Real estate developer One United Properties obtained an ESG risk rating of 18.4 from Morningstar Sustainalytics, a leading global provider of ESG data, research and ratings.
The Capital Markets practice of Clifford Chance Badea, the local office of global law firm Clifford Chance, has advised OMV Petrom in relation to the delisting of its Global Depository Receipts (GDRs) from the London Stock Exchange, the law firm said in a statement.
Industrial production prices dropped by 0.4% in September against the same period of 2022, as prices on the domestic market declined by 1%, while prices on the non-domestic market edged up by 0.9%, data from Romania’s National Statistics Institute INS showed on Thursday, November 2, 2023.
Bulgarian restaurant group Happy is set to open a unit in Romania in the first half of 2024 in AFI Cotroceni mall, thus marking its arrival on the local market, according to real estate consultancy CBRE.
The group Transylvania Invest, a major Romanian-held grain trader, is part of is readying to enter the fruit and vegetable market and invests EUR2.2 million in an 1,800-ton controlled temperature warehouse, explained Sergiu Gorban, CEO and a stakeholder in Transylvania group.
Holcim Romania, the biggest building materials producer locally by turnover, has completed an over EUR3 million investment in a new aggregates plant in Neudorf, Arad county.
Horia Cardos, CEO of Agroland, a Romanian retail, agriculture and food entrepreneurial group, says the next planned investments are in the construction of the liquid egg plant of Giurgiu county, in boosting the capacity of the animal feed plant near Craiova, the retooling of Caransebes plant and in starting a pet food production line.
“My biggest dream is for us to be present with Alexandrion Group products in every country of the world and I know I will accomplish it. We already sell our products in more than 50 countries”.
Cramele Recas, a major winemaker in Romania, plans to expand its production and warehousing capacity.19075 items