ZF English
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Found 19075 news
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ZF English - 07:32 Oct 31, 2023
OMV Petrom, Romania’s largest hydrocarbon producer, reported RON1.6 billion net profit in the third quarter of 2023, down from RON4.5 billion in the same period of 2022 amid falling oil prices and implicitly lower prices at the pump. On the other hand, the company’s sales reached RON10.7 billion, against RON18.7 billion. -
ZF English - 16:57 Oct 30, 2023
OVES Enterprise, a Romanian software development company, launches IXXERA, a security platform for drone networks ensuring the safeguarding of unmanned aerial vehicles (UAV) against cyber-attacks, leveraging blockchain and AI technologies. -
ZF English - 16:39 Oct 30, 2023
Romania's Finance Ministry raised RON303 million from banks on Monday (October 30), less than the planned RON400 million, selling bonds due in April 2036 in an auction, at an average yield of 7.15%. -
ZF English - 15:00 Oct 30, 2023
US private investment firm J.C. Flowers has reached an agreement with Intesa Sanpaolo over the sale of First Bank Romania. -
ZF English - 14:41 Oct 30, 2023
The Competition Council approved Carrefour’s acquisition of retailer Cora’s operations in Romania. The deal should therefore be completed in the next few weeks, Carrefour officials announced. -
ZF English - 14:24 Oct 30, 2023
Law firm RTPR assisted private equity firm MidEuropa Partners in the sale of Profi, while providing Profi support in the largest deal in the retail sector ever concluded in Romania, which stood at EUR1.3 billion. -
ZF English - 13:45 Oct 30, 2023
German-held retailer Kaufland plans to reach the 200-hypermarket mark in Romania by 2025, from the current 171 it has at the moment, developing at a steady pace of at least 10 new stores every year, its officials said. -
ZF English - 11:24 Oct 30, 2023
French-held Carrefour Group posted EUR706 million gross sales (including VAT) in Romania in the third quarter, 5.2% higher than in the year-ago period. This is the second highest growth of the large European markets, after Belgium (5.7%) and ahead of Spain, Italy and Poland. -
ZF English - 10:41 Oct 30, 2023
CEC Bank and Tarom have signed a partnership agreement that will provide payment acceptance services for bank cards issued under the Visa and Mastercard logos, by taking over the settlement of card transactions carried out on international markets, which has so far been carried out by a bank outside Romania. -
ZF English - 08:23 Oct 30, 2023
Dutch-Belgian group Ahold Delhaize, owner of Mega Image, has taken over Profi network in Romania from MidEuropa Partners, an investment fund. The deal is valued at EUR1.3 billion, the highest in the history of Romanian retail. -
ZF English - 08:00 Oct 30, 2023
OMV Petrom and Auchan Retail Romania have completed the nationwide installation of almost 400 MyAuchan proximity stores in all Petrom stations. -
ZF English - 07:25 Oct 30, 2023
Lender Banca Comerciala Romana (BCR), controlled by Austria’s Erste Group, in the first nine months of 2023 posted net profit worth RON1.69 billion (EUR343.8 million), up 10.3% from the same period of last year, on the improved operating result underpinned by advance in customer business. -
ZF English - 07:06 Oct 30, 2023
Trace Group Hold, a Bulgarian construction company involved in the execution of highway A7 to Moldavia, generated RON41 million turnover in Romania in 2022 with just seven employees. A year before, the same company reported zero turnover, RON270,000 losses and a single employee. -
ZF English - 06:58 Oct 30, 2023
Pangram, the producer of Monte Banato pasta brand, majority held by Italy’s Colussi and the current mayor of Resita, Ioan Popa, ended 2022 with turnover worth RON65.6 million (EUR13.3 million), up 27.8% from 2021, in line with ZF calculations based on Finance Ministry data. -
ZF English - 16:11 Oct 27, 2023
Port operator Socep Constanta (SOCP.RO) has approved a loan it will take out from BRD- Groupe Société Générale (BRD.RO) to continue the investment in building a grain terminal, i.e., to complete the “Phase 2 construction of grain terminal with silo and ship loader in Constanta Port”. -
ZF English - 13:51 Oct 27, 2023
Avaelgo, an IT solutions provider based in Timisoara and one of the locally relevant partners of Microsoft, has received a "significant strategic investment" from IPS Solutions, a software group headquartered in Liechtenstein, which will see the Romanian company begin an expansion process, including into new markets. -
ZF English - 10:11 Oct 27, 2023
Frech retailer Decathlon will open its first store of Arad on November 1 and thus reach a 30-unit network in Romania. -
ZF English - 09:31 Oct 27, 2023
Bucur Obor (BUCU.RO), which manages the shopping center by the same name in Bucharest, posted RON16.5 million net profit in January-September 2023, 11.6% higher than in the year-ago period, the company said in its financial report to the Bucharest Stock Exchange. -
ZF English - 07:04 Oct 27, 2023
Romanian executives forecast a period of stability in processing industry and services activity in the last three months of the year, in parallel with a moderate decrease in the number of constructions employees and rising prices in constructions and retail, in line with a survey by the country’s statistics board INS. -
ZF English - 06:47 Oct 27, 2023
Ingka Investments, the investment arm of Ingka group, which owns the most IKEA stores, has acquired a 300 MWp photovoltaic park ready for construction in Dambovita county, with total investments topping EUR200 million.
19075 items