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OMV Petrom, the largest integrated energy company in South-Eastern Europe, along with its partner Romgaz, has made the Final Investment Decision for the development of the Neptun Deep project in the Black Sea.
Perla Harghitei SA, a major natural mineral water bottler locally, plans to reach turnover worth above RON148 million (over EUR30 million) this year, budgeting an over 18% increase against 2022.
Grup Feroviar Roman, the most important company of the Grampet group, remains the leader of the rail freight transport market, with more than RON1 billion revenue in 2022, compared with RON771 million in 2021, public data from the Finance Ministry website show.
Romanian startup Dressingz, which launched an online platform that allows users to sell the clothes, footwear and accessories they no longer wear, has raised EUR300,000 financing in the first two weeks since the launch of the campaign on crowdfunding platform Rōnin, according to representatives of the two companies.
GSP Offshore, a company controlled by businessman Gabriel Comanescu, ended last year with RON697 million revenue, down by about 12% compared with 2021, and RON16.4 million net profit, according to the data it supplied and was published in the latest edition of Romania's business yearbook ‘Cei mai mari jucatori din economie’ (Key players in the economy).
Crowne Plaza Bucharest Hotel, operated under a franchise contract by international hotel chain InterContinental Hotels Group, has completed works for mounting photovoltaic panels that can generate a total installed power up to 300 kWp.
Shareholders of Carbochim Cluj-Napoca (CBC.RO), the largest professional abrasives manufacturer in Romania, on June 20 approved the distribution of dividends in the amount of RON147 million, respectively a combined gross dividend of RON29.85, as per decisions made at the Ordinary General Meeting of Shareholders published at the Bucharest Stock Exchange.
Garanti BBVA, part of Garanti BBVA Group Romania, recorded a net profit of RON191 million in 2022, up 34.3% year-over-year, and net revenue of RON550 million, 20.1% higher than in 2021.
Finqware, a fintech startup that developed integration and open banking applications, has launched a new financing round through which it aims to raise EUR3 million.
Catalyst Romania Fund II, one of the leading venture capital funds in Southeast Europe, invested EUR2 million in the ESX application, a platform aggregating fitness, sport and well-being activities.
Glovo, one of the leading actors on the fast delivery market in Romania, has seen more than 66 million orders in its first five years in Romania, its officials said during an event celebrating this milestone.
Irish fashion retailer Primark, famous for its large format stores and low pricing strategy, on Tuesday (June 20) opened its second store in Romania, in Bucharest-based AFI Cotroceni shopping center, following an investment of EUR10 million.
P3 Logistic Parks (P3), a long-term investor, owner, developer and manager of logistics properties in Europe, announced that Andrzej Wronski, Group Head of Asset Management within the company, will be taking over the role of Managing Director for P3 Romania, starting July 1, 2023.
Electricity supplier and distributor Electrica Group (EL.RO) has announced the capital market that its member company Distributie Energie Electrica Romania (DEER), attracted non-refundable European financing in the amount of EUR57 million, through the Modernization Fund.
The volume of construction works in Romania increased, in unadjusted data, by 10.8% in April 2023 compared to April 2022 and was up 14.8% when adjusted to the number of working days and to seasonality, in line with data from the country’s statistics board INS.
SIF Oltenia informed the capital market about the decision of the Financial Supervision Authority authorizing changing the company’s name from “Societatea de Investitii Financiare Oltenia SA” to “Infinity Capital Investments SA”, in the wake of an April shareholder decision.
Real estate developer Genesis Property has started turning business park Novo Park of northern Bucharest into Yunity Park, a new real estate concept, a EUR50 million investment.
Albrau, a major independent brewer, has a RON5 million investment budget for this year, aimed at new production lines and boosting energy efficiency.
Spirits producer Diageo plans to develop its activities on the local market given the solid results registered in Romania.
River transport company Trading Line Group, majority held by entrepreneur Paul Ivanov, has bought two floating cranes that can handle 12,000 tons per day, four times as much as the existing ones in Constanta harbor. It is also investing EUR50 million to purchase four fast high-capacity vessels and two drones.19080 items