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Local freight forwarder Dumagas, recently acquired by Omnia Capital, a company held by Matei Ladea and Bogdan Georgescu, is evaluating possible changes to its business strategy, aiming to reduce its activity in Romania and concentrate its resources towards Western Europe.
UK and European headquartered global banks are reporting strong progress towards Basel III compliance, well ahead of the January 2025 implementation deadline, according to a new EY research.
The shares of the companies Societatea Nationala Nuclearelectrica (SNN.RO), the sole producer of nuclear power and nuclear fuel using CANDU 6 type technology in Romania, and One United Properties (ONE.RO), one of the leading green developers of residential, mixed use and office real estate in Romania, will be included in the MSCI Frontier IMI indices starting June 1, 2023, as per an announcement made public by MSCI on May 11, 2023.
Romanian authorities issued 2,677 residential building permits in April 2023, 20% fewer than in March 2023 and 32.3% fewer than in April 2022, data from the country’s statistics board INS showed on Wednesday (May 31).
Romania’s unemployment rate stood at 5.6% in April 2023, higher by 0.1 percentage points than 5.5% in March 2023, data from the country’s statistics institute INS shows on Wednesday (May 31).
Healthcare network Regina Maria has invested over EUR3 million in the largest regional lab, located in Cluj-Napoca, a city where the company has so far poured around EUR25 million.
The monthly average value of the shopping basket went up by 10-15% in 2022, with foodstuffs and consumer goods prevailing, reveals an analysis by Footprints AI, a Romanian company that operates one of the world’s most popular Retail Media platforms.
Hochland Romania, a major dairy producer locally, in 2022 reached turnover worth RON728.8 million (EUR147.8 million), up 31% on the year, in line with ZF calculations based on Finance Ministry data. Net profit rose 40% to RON46.7 million (EUR9.5 million).
Cluj-Napoca-based NY’ER, manager of local New Yorker stores, for 2022 reported turnover of RON518.5 million (EUR105.2 million), 24.3% higher than in 2021, in line with ZF calculations based on Finance Ministry data.
Courier services company DHL International Romania, a major player on the local courier services market, boosted its revenues by 20% in 2022, to RON505 million.
Croco, a Romanian biscuit manufacturer with a plant in Onesti, Bacau county, plans to invest EUR12 million starting 2024 over two years.
Bioeel, owned by businessman Albert Attila, founding member, and Jean Scheftsik de Szolnok, a French citizen, in the first quarter of this year raked in turnover of above RON215 million (around EUR43.5 million) at group level, up 40% from the year-earlier period.
Seedblink Crowd SA, the company behind technology startup investment platform SeedBlink, reported a turnover of RON3.125 million for 2022, down 12.7% on the year, as per data from the company's balance sheet submitted to the finance ministry.
JW Marriott Hotel in Bucharest doubled its revenue to RON154 million in 2022, Finance Ministry data show. Last year’s revenue was its highest ever.
Arsis Trading, the largest GSM retailer held by a Romanian entrepreneur, had a turnover of RON139.1 million in 2022, up 2% versus 2021, as per data available on the finance ministry's website.
Samsung Romania, the local subsidiary of South Korea giant Samsung, one of the world's largest producers of electronic devices, enjoyed a new year of business acceleration in 2022, as per data sent to the finance ministry.
Artrom Steel Tubes (formerly TMK Artrom), a manufacturer of industrial pipes, ended last year with RON1.9 billion (EUR386 million) revenue, an increase of 32% year-on-year, its officials said.
We As Web, a Romanian software development outsourcing company, has opened new offices in the UK and Germany, and seeks to expand further into Austria, The Netherlands and France after it ended 2022 with a turnover of EUR10 million and a net profit of EUR2 million.
Arobs Transilvania Software (AROBS.RO), the largest technology company listed on the Bucharest Stock Exchange, posted consolidated operating revenue of RON133.2 million in the first quarter of 2023, an increase of 113% on the year-ago period, RON131.3 million revenue, 113% higher, normalized EBITDA of RON25.5 million, 18% higher and normalized net profit of RON19.3 million, an increase of 13%, its quarterly financial report to the Bucharest Stock Exchange shows.
US-held Adobe, one of the largest software businesses in the world, mainly known for its photo and video editing applications (Photoshop, Lightroom and Premiere Pro), posted growth in revenue in Romania in 2022.19080 items