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Combinatul de Ingrasaminte Chimice (CICh) Navodari, the only Romanian producer of fertilizers and professional biostimulants, has appointed Mihai Anitei, former country manager of Swiss-held Ameropa, which operates the largest grain trader and the largest fertilizer producer in Romania, chief executive officer.
eMAG’s chief marketing officer Irina Pencea has been appointed chief executive officer of eMAG Romania, a position held by Tudor Manea in the last two years, who is also the group CEO.
2Performant, the main player on Romania affiliated marketing market, expects RON48.6 million turnover in 2023, up 39% from 2022, and RON836,000 profit, three times bigger than the 2022 figure.
Romania’s operating leasing market in 2022 rose in line with the automotive market, going beyond 80,000 units under management, representing an increase by over 4,000 cars, 5% respectively, from end-2021, in line with estimates by the association of operating leasing companies (ASLO).
Sphera Group, the franchise operator of the KFC, Pizza Hut and Taco Bell restaurants in Romania, estimates restaurant sales will top EUR320 million in 2023, up 21% from 2022, while normalized EBITDA is expected to go up by 58%, to EUR32.5 million.
Arctic Stream, an IT infrastructure and security integrator listed on the Bucharest Stock Exchange, expects turnover worth RON102.5 million (EUR20.83 million), in 2023, up 25% from 2022. Net profit is forecast to rise by 23% from RON6.76 million in 2022, to RON8.49 million.
Hotel group Bacolux, controlled by brothers Marius and Razvan Bazavan, ended 2022 with revenues worth EUR10 million, up almost 50% on the year.
Pinum Doors & Windows, part of Italy’s Nusco group, controlled by Nusco family, ended 2022 with revenues of above EUR22 million, up 30% from 2021 on the rising demand both locally and in Europe.
Calin Ilie, head of the Federation of Hoteliers in Romania, says the local market is expected to return to 2019 level this year, maybe even overshoot pre-pandemic figures.
Food supplements and tea producer Dacia Plant, with a 20-year history locally, will have a 40% bigger production capacity by yearend and the brands manufactured in Romania will also be exported on several new markets for the company.
Financial investment company Evergent Investments (EVER.RO) has called shareholders for April 27 to vote on the distribution of dividends of up to RON82.7 million or a gross dividend per share of RON0.09.
Turbomecanica (TBM.RO), a local manufacturer of gas turbine engines and mechanical assemblies for aircraft, has called shareholders for April 27, 2022 to vote on the distribution of a gross dividend of RON0.02301 from the RON12.2 million net profit of last year or RON8.5 million in all, the company said in a notification sent to the Bucharest Stock Exchange.
Romania’s Competition Council on Friday announced it had given the greenlight for the acquisition by MedLife of Centrul de Diagnostic si Tratament Provita.
An integrated team of specialists from PwC Romania and Greece and lawyers from D&B David si Baias, the partner law firm of PwC in Romania, assisted Greece’s Public Power Corporation (PPC) in buying the electricity production, supply and distribution assets of Italy’s Enel in Romania.
CEC Bank has granted an about RON40 million loan to Toneli Holding, part of the Toneli Group, the largest egg producer in Romania, guaranteed by EximBank, through the state aid scheme put in place amid the economic crisis generated by Russia’s aggression in Ukraine.
The main airports of Romania have investment projects worth above EUR530 million underway and investments of above EUR400 million will be shortly carried out in critical aviation infrastructure, amid rising passenger flows and strategic decisions to strengthen NATO bases in Romania, reveals an ONV LAW analysis.
Financial analysts part of CFA Romania Association forecast an average 8.62% inflation rate for the next 12 months and expect the local currency to decline to an average of 5.0390 units per euro.
Local startup easySales, which has set up an automated B2B management and e-commerce platform, has attracted new funding from Fortech Investments, which became a minority stakeholder.
Medical imaging clinic network Medima Health has reached five units nationwide in the wake of fast expansion and wants to grow further, targeting both large and small cities.
Adnana Popa, cofounder and CEO of homemade gelato shop chain Velocità, plans to strengthen its foothold in Bucharest and open another two shops.19080 items