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MedLife, the leader of Romania’s healthcare market, in the first half of this year recorded consolidated turnover worth RON860 million, up 27% from 1H/2021, on the organic growth of business lines and acquisitions, and net profit of RON45.6 million, down 36%.
Sole Mizo Romania, part of Hungary’s Bonafarm group, for 2021 reported turnover worth RON150 million (EUR30.5 million), down around 11% from 2020, in line with ZF calculations based on Finance Ministry data.
Businessman Dan Sucu and Conadi have started construction works on the third phase of Arcadia Apartments Domenii, the housing compound of Bucharest’s Domenii area.
Kangoopack, an Alba Iulia-based company providing integrated packaging solutions, founded and controlled by entrepreneur Mariel Petric, wants to make investments to boost production capacity and is in talks inclusively with investment funds on the possible sale of a stake to fund expansion.
Germany’s Kärcher, a cleaning equipment manufacturer, wants to turn Romania into a hub handling everything related to vacuum cleaners.
Kosarom group, founded by Neculai Apostol, expects turnover to reach EUR80 million this year, from 2021’s level of EUR75 million.
Romania's Finance Ministry raised RON439 million from banks on Thursday, via a government paper auction with a nominal value of RON400 million due in 2026, at an annual average yield of 7.96%.
The revenues of the general consolidated budget stood at RON258 billion in January-July 2022, an increase of 22% on the year-ago period. Expenses stood at RON285 billion, an increase of 16%, a higher rate than in the first half, 14%. The budget deficit therefore rose to RON27 billion or 1.94% of the GDP, Romania’s Finance Ministry said.
Wolf Theiss provided legal advice to Raiffeisen Bank Romania in the issuance of senior non-preferred eligible sustainable bonds in the amount of RON500.85 million, the first issue of this type by a Romanian issuer.
The volume of trade between Germany and Romania continues its upward trend in the first half of 2022, reaching EUR18.4 billion, 12.3% above the year-ago period, the latest figures from the Federal Statistical Office show.
Citi has announced the appointment of Samir Karia as Citi Country Officer for Romania and Managing Director of Citibank Europe plc, Dublin - Romania branch, in charge of developing and implementing the bank's local strategy and ensuring effective risk management and controls.
The year 2022 has seen a strong rebound in the job market not only for large employers, who put a record number of jobs on the market, but also for small businesses.
Bank of Cyprus has completed the sale of a portfolio of NPLs and repossessed properties of Romania totally worth around EUR147 million to an entity part of APS group.
E-commerce boom is slowing down, and this is a clear signal of a more wary consumer in major cities, where most online purchases are registered, according to Colliers.
Optical stores Lensa in the first six months of 2022 posted sales of RON58 million (EUR11.7 million), including the online platform, up 68% from RON34 million (EUR6.9 million) in the same period of 2021.
Evopack, which produces cardboard and paper packaging in a plant in Piatra-Neamt and which delivers to McDonald’s KFC, Spartan and Mesopotamia restaurant chains, as well as abroad, boosted its turnover by 28% in the first half of this year against the corresponding period of 2021.
Artemis Real Estate, part of Swiss group Artemis, has completed an over EUR5 million investment in an industrial building developed in Artemis industrial park of Sanandrei, Timis county.
Mircea Cirt, founder of ATP group made up of several companies, says he asked for state aid for an investment project entailing boosting truck production and assembly capacity 20-30 times. Should the sum not be okayed, he says he plans to take the investment to other countries where he intends to also ask for state aid.
Romanian electrical components manufacturer Romradiatoare Brasov, a company whose shareholding structure includes football coach Mircea Lucescu, in the first six months of this year posted net losses of RON1.05 million, from RON1.2 million profit last year.
The business of local IT consulting and software development company Tremend Software Consulting, increased by almost 45% in 2021 compared with the previous year, with revenue reaching more than EUR29 million at the end of last year, data published on the Finance Ministry website show.19080 items