Found 18957 news
Global cashless payment volumes are set to double from 2020 to 2025, to almost 1.9 trillion transactions, and to almost triple by 2030, due to the changes brought by the pandemic, according to an analysis by PwC.
Meta Estate Trust, a new local real estate company founded by Eugen Voicu, owner of Certinvest, and Ionut Nicolescu, head of SVN Romania, seeks to raise RON20 million from investors on the Bucharest Stock Exchange through a private placement in early July.
Outsourcing service provider Genpact plans to hire 500 people for its Romanian offices in 2021 and early 2022, says Shibu Nambiar, chief operating officer, Genpact Europe and Africa.
The initial public offering for shares of real estate developer One United Properties shares starts June 22 and runs until July 2, 2021, the company said Thursday after the country's financial regulator ASF approved its IPO prospectus.
Casa Noastra, the market of the QFort windows in Dolj County, seeks to overshoot the EUR100 million revenue mark in 2021.
Müller Dairy Ro, the importer of Müller dairy products, ended 2020 with a turnover of nearly RON105.5 million (EUR21.9 million), up nearly 20% from 2019, per calculations by Ziarul Financiar (ZF) based on finance ministry data.
The seven private pension funds operating on the mandatory segment in Romania (Pillar II) had assets of RON82.6 billion (EUR16.8 billion) at the end of May 2021, a new record high and RON7.5 billion (EUR1.6 billion) higher compared with December 2020, financial regulator (ASF) data showed Wednesday.
Murat Buyukerk, Chief Executive Officer of home appliances manufacturer Arctic, owned by Turkey's Arcelik, which has two plants in Romania, on Wednesday said the company’s future plans target investments in several factories in Romania.
Lender EximBank has extended until end-2021 the financing program within the COVID-19 state aid scheme intended for large companies and small and medium-sized enterprises (SMEs), whose turnover exceeded RON20 million in 2019.
Romania's competition authority said Wednesday it has authorized the acquisition by Sandoz AG of the sale activity of cephalosporine-based antibiotics from GlaxoSmithKline (GSK).
Lender Patria Bank (PBK.RO), held by private equity fund Emerging Europe Accession Fund (EEAF), announced Wednesday that Burak Yildiran, a seasoned banker with more than 25 years of experience, has received central bank approval for the position of CEO.
Bucharest has been the top FDI destination in Romania for more than a decade but investors are showing new interest for other regions, particularly the Western region of Romania, as well as South-Eastern region of Muntenia, according to the EY Romania Attractiveness Survey released Wednesday.
TeraPlast group, Romania's largest local construction materials producer, owned by businessman Dorel Goia, is currently implementing investments of EUR32 million.
Depanero, the main service and repair firm for electronics and appliances in Romania, part of eMAG group, is accelerating its digitization process using the low-code platform developed by Aurachain to automate business processes and smart contract applications.
Getica 95, the biggest local energy supplier on the competitive energy market, has filed for insolvency at the local court in Buzau on June 15.
Spanish-held Inditex group, the owner of Zara and other fashion brands, saw its sales shrink by 27% to RON1.3 billion last year. The group lost the top position on the fashion retail market to Polish-held discount store chain Pepco, whose sales rose slightly, 2%.
The owner of the largest Romanian-held grain trader Cerealcom Dolj, Mihai Anghel, hopes to make the first RON1 billion in grain trade revenue this year, after having posted growth of 15% over 2020, the company officials say. The expectations are for the fiscal year started July 2020 and ending June 2021.
Sanador, the fourth largest private medical services operator in Romania by turnover, has opened a new clinic, on the groundfloor of the One Tower office building in Bucharest’s Calea Floreasca area, which engulfed EUR6 million.
Cameron Romania, the largest supplier of equipment and services for the local oil industry, had a turnover of RON1.17 billion in 2020, down 10% from 2019 level, per finance ministry data.
River freight transporter Transport Trade Services (TTS) said in a stock market report on Tuesday that British investment trust Utilico Emerging Markets PLC has reached the 5% threshold of the share capital of TTS.18957 items