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Furniture and home decor retailer JYSK set out to remodel all its stores to make them compliant with the Store 3.0 concept by the end of 2024.
Clinica Sante, one of the largest private laboratory clinic networks in Romania, saw its revenue go up 23% year-on-year to RON147 million in 2020, ZF has found from publicly available data.
Banks in Romania granted about RON2.63 billion worth of new loans to companies in May 2021, almost 25% less than in April and RON2 billion or 43% less than in March.
Superbet group, the largest sports betting and gaming business in Romania, which also has operations abroad, has taken over Belgian rival Napoleon Sports & Casino. The parties did not disclose the value of the deal.
Omniasig, the largest insurance company in the portfolio of Austria’s Vienna Insurance Group (VIG), expects a volume of underwritten gross premiums of RON1.4 billion at the end of 2021, Omniasig CEO Mihai Tecau told an interview for Ziarul Financiar (ZF).
The European Investment Bank (EIB) on Thursday formally agreed a new EUR120 million loan with Distributie Energie Electrica Romania S.A. (DEER), the electricity distribution subsidiary of the Electrica Group.
Romania's finance ministry on Thursday raised 590 million lei (EUR117.9 million), higher by RON90 million than the targeted amount, selling bonds maturing in June 2026 at an average yield of 3.05%, central bank data showed.
Peter Micula has taken over the position of general manager of the cooking stove factory in Satu Mare, northern Romania, of Swedish home appliance manufacturing group Electrolux, starting July 1, 2021.
Romania’s Competition Council has approved a transaction whereby MedLife Group, the leader of the private medical services market in Romania, is acquiring pharmaceutical wholesaler Pharmachem Distributie.
The volume of Romanian construction works decreased, as gross series, by 0.7%, in May 2021 compared to April 2021, a decrease reflected in new construction works (-2.7%). Rises were recorded for capital repair works (+12.2%) and for maintenance and current repair works (+0.6%).
Yload.ro, an artificial intelligence-based platform founded by Alexandru Huzau, raised EUR220,000 of a planned EUR250,000 on its first day of listing on SeedBlink, a local crowdfunding platform for Romanian IT start-ups.
Insurance company Omniasig, owned by Austria's Vienna Insurance Group (VIG), will pay in 2021, for the first time in the last ten years, total dividends worth over RON18 million, which translates into a gross dividend of RON0.125 per share.
US clinical research firm PPD has extended by five more years the lease contract for office space within Bucharest’s business park West Gate Business District, held by Genesis Property.
Altex, Romania's leading electronics retailer, has entered the travel services market after concluding a partnership with Karpaten Turism, one of the largest travel businesses in Romania, whereby clients can buy holidays packages directly in Altex and Media Galaxy stores, as well as online through a dedicated platform.
Fashion retailer Primark, the biggest name still not present in Romania, is preparing to enter the country by opening its first store in 2022, market sources say.
Only ten out of 25 construction companies with more than RON100 million revenue, which had doubled revenue in 2019, posted growth again in 2020.
Pharmaceutical producer Tis Farmaceutic, which owns a plant in Bucharest, ended 2020 with RON24.2 million revenue, an increase of 6% on 2019, ZF has calculated based on publicly available data.
Bucharest-based builder BTD Construct & Ambient SRL posted RON206 million revenue in 2020, an increase of 23% year-on-year, Finance Ministry data show.
Airline Blue Air is expanding its operations on the Milan Linate airport, introducing three new routes towards Catania, Barcelona and Paris Charles de Gaulle, starting August 16, 2021.
Electronics retailer Flanco, the second largest player on the Romanian electro-IT market, has invested over RON4.2 million in digitizing the company, of which RON3 million went into a project aimed at moving the online store on the Magento 2 platform.18957 items