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German group Schwarz, which owns Kaufland and Lidl, is closing in on taking over La Cocos, the store chain founded by Iulian Nica, in line with ZF sources familiar with the deal.
Electrical cables and conductors supplier VLG Ro, part of Austrian group Mienhart, for 2024 reported turnover worth RON412.8 million (around EUR83 million), slightly up, by around 1%, from 2023, in line with ZF calculations based on Finance Ministry data.
Alpin group, which operates the hotel compound of the same name in Poiana Brasov, is investing EUR20 million in a new accommodation unit, this time at the Romanian seaside, in Olimp resort.
Real estate developer STC Partners has bought a 1.6-hectare plot of land in Pipera, in the north of Bucharest, from Medicover for more than EUR8 million through special purpose vehicle Anemir Investments (SPV).
Voxa, a Romanian audiobook and e-book streaming platform, is expanding international presence with the official entry on the Latin American market, where there are more than 300 million potential consumers of digital content.
UK’s Frasers Group, which owns several brands on various market segments, such as Frasers, Flannels, USC, GAME, Evans Cycles, Jack Wills, has brought the Sports Direct sporting goods brand in Romania and opened the first store thereof in Promenada Craiova.
Arad-based fuel supplier Smart Diesel posted RON224.6 million (EUR45.1 million) net profit in 2024, an increase of 63.1% on 2023’s RON137.7 milion (EUR27.8 million), according to ZF’s calculations based on Finance Ministry data.
DHL International Romania, one of the largest parcel delivery companies in the country, ended 2024 with almost RON339.7 million (EUR68.2 million) revenue, an increase of 5.1% on 2023’s RON323.1 million (EUR65.3 million), according to ZF’s calculations based on Finance Ministry data.
Catena, a 957-pharmacy network in Romania, posted more than RON8 billion revenue in 2024, according to the information it supplied for ZF’s `Cei mai mari jucatori din economie’ (Key players in the economy) yearbook. The data are consolidated from several companies that operate the pharmacies, which is Catena’s business model.
Romania's Finance Ministry reopened a benchmark bond issue due in July 2023 and raised RON554.4 million from banks on Monday, June 23, RON154 million above the issue value according to its prospectus, at an annual yield of 7.45%.
OMV Petrom, the largest integrated energy producer in South-Eastern Europe, is buying 50% in Dunav Solar Plant EOOD, which is developing the Gabare photovoltaic project with an installed capacity of about 400 MW, from Energy Element.
The European Commission has concluded that Romania’s EUR250 million (RON1.2 billion) recapitalization of majority state-owned Exim Banca Romaneasca does not constitute state aid within the meaning of the EU state aid rules.
Spain’s Olala! Group, which is already present in Romania via Rina Hotels, is investing more than EUR5 million to buy two hotels in downtown Bucharest, Hotel Duke Romana and Hotel Duke Armeneasca.
Romania’s central bank posted RON5.64 billion operating profit in 2024, an increase of 16% or RON798 million on 2023, the institution announced.
aSoace, a Romanian-held operator of co-working spaces, continues expansion with an almost 1,000 square meter space in the Victoriei 222 building in downtown Bucharest, owned by Sol Property Investment.
Biofarm, one of the leading pharmaceutical producers in Romania, which has two plants in Bucharest, plans to invest in retooling its first facility and develop a new research and development center, which will create new products. The investment budget stands at RON47 million in 2025.
Top Gel Prod, one of the largest ice cream producers in Romania, has budgeted RON100 million revenuer for 2025, an increase of 3% on 2024, the data the company supplied for ZF’s `Cei mai mari jucatori din economie’ (Key players in the economy) Yearbook show. The estimate comes after 2024 ended with 7% growth in revenue.
GlobalLogic, a company part of Hitachi Group, has made an increasingly rare announcement for the IT market at the moment: it has hired 150 people and is looking for another 100.
Romanian-held ambulance and special vehicle manufacturer Deltamed, will start production of ambulances in its new facility in Aiud, following a EUR1.8 million investment.
Romania’s pro-European president President Nicusor Dan has nominated Senate president and National Liberal Party (PNL) leader Ilie Bolojan as the country's prime minister, on Friday (June 20).18948 items