ZF English
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http://www.zfenglish.com
Found 19759 news
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ZF English - 07:48 Jan 11, 2024
AQUILA (symbol AQ), the market leader in the field of integrated distribution and logistics services for consumer goods in Romania and the Republic of Moldova, announces the signing of a preliminary transaction agreement to acquire 100% of the shares of Parmafood Trading SRL and Parmafood Group Distribution SRL, companies placed among the leading distributors of fast-moving consumer goods. -
ZF English - 07:32 Jan 11, 2024
Car parts maker Optibelt Power Transmission, the local subsidiary of German-held Arntz Optibelt, expects EUR88.3 million turnover in 2024 as the company ended 2022 with turnover of EUR74.4 million (RON367.1 million), net profit of EUR2 million (RON9.9 million) and an average number of 626 employees. For 2023, the company had projected flat turnover. -
ZF English - 07:23 Jan 11, 2024
Romania’s e-commerce market revolved around EUR10 billion at the end of 2023, of which 65% represents goods and products and 35% online services, said Elena Gheorghe, country manager at PayU GPO Romania, a major online payment services provider locally. -
ZF English - 07:14 Jan 11, 2024
Lidas, controlled by entrepreneur Elena Anastase, which owns a bakery plant in Mineri, Tulcea, as well as its own store network, has already hired 140 people for the new plant it is building in Cataloi, Tulcea county, and will continue recruiting to 200 people. -
ZF English - 00:02 Jan 11, 2024
Businessman Claudiu Aron, owner of Alpin 2003 company, which manages the Alpin Resort hotel compound in Poiana Brasov mountain resort, completed in 2023 the investments in the former Favorit complex in Poiana Brasov, renamed as K2 Alpin, and expects revenue of EUR3.5 million from organizing events in 2024. -
ZF English - 21:09 Jan 10, 2024
This year's ski season, which started earlier than last year, when it snowed as late as February, could bring growth for the hotel business in Poiana Brasov. -
ZF English - 20:49 Jan 10, 2024
Knauf Insulation, a company that is conducting a EUR130 million investment in construction material production in Romania, expects to open its new plant in Tarnaveni, Mures County, set to employ more than 100 people, by the end of the year. -
ZF English - 20:47 Jan 10, 2024
Aegon Pensii has become Carpathia Pensii at the beginning of 2024, following the completion of the transaction between Dutch Aegon and Austria's Vienna Insurance Group (VIG) in 2023. -
ZF English - 19:15 Jan 10, 2024
Law firm Popovici Nitu Stoica & Asociatii has announced the promotion of Camelia Patrascu to Partner, starting from January 1, 2024. -
ZF English - 18:55 Jan 10, 2024
The World Bank has revised its projection for Romania's economic growth downwards to 1.8% for 2023 and to 3.3% for 2024, respectively, according to January 2024 edition of the World Bank's Global Economic Prospects report. -
ZF English - 15:35 Jan 10, 2024
Photon Energy Engineering Romania, the local division of Dutch Photon Energy, dedicated to engineering, procurement and construction (EPC) services, has completed and grid-connected a new solar photovoltaic (PV) power plant in Romania. -
ZF English - 13:24 Jan 10, 2024
PeliPartners has decided to promote Sandra Gheorghe, Delia Dumitrescu and Andrada Bogeag to the role of Senior Associate, effective January 1, 2024. -
ZF English - 13:04 Jan 10, 2024
Exim Banca Romaneasca is granting EUR50 million to small and medium-sized enterprises (SMEs) and mid-caps for financing investment projects, on advantageous terms, based on a financing agreement concluded with the European Investment Bank (EIB).
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ZF English - 12:47 Jan 10, 2024
ING Bank Romania ended the first nine months of 2023 with total revenue of RON2.5 billion, up 18% year-over-year, and a net profit of RON1.17 billion, up 30% year-over-year, amid reduced risk provision costs and enhanced operational efficiency, in a market with higher interest rates. -
ZF English - 08:42 Jan 10, 2024
Alternative investment fund PAG Private Equity, focused on the Asia-Pacific area, has taken over the majority stake in Food Union Europe, a Lithuanian-held company that also owns Romanian ice cream producer Alpin. -
ZF English - 07:41 Jan 10, 2024
Draghici Dental group moved to industrial park Miroslava of Iasi county at the end of 2023 after an over EUR2.2 million investment project for a new dental technique lab, office spaces and training spaces, explained Dan Draghici, founder of the group. -
ZF English - 07:30 Jan 10, 2024
Farmacia Ardealul, a major regional pharmacy chain, with a 31-year presence on the market of Piatra Neamt, reached RON100 million turnover in 2023. -
ZF English - 07:22 Jan 10, 2024
2024 brings zero square meters of offices in large projects on a Bucharest market accustomed to at least 100,000-200,000 square meters. -
ZF English - 07:12 Jan 10, 2024
2023 ended with 1.1 million deals on the automotive market and notable increases on the segment of new and used passenger cars traded domestically. The result is 3% higher than in 2022, in line with data provided by DRPCIV and Autovit.ro, the most powerful car sales platform in Romania. -
ZF English - 21:51 Jan 09, 2024
Footwear retailer Benvenuti, held by local entrepreneur Dan Pavel, expects the local market to temper its growth in 2024 or even to fall slightly compared with 2023, due to price increases for both utilities and raw materials, which implicitly boosted shelf prices for any product.
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