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Czech sporting goods retailer Sportisimo, which has been operating on the local market for three years, has chosen the Mega Mall shopping center in capital Bucharest to launch a new store concept on the Romanian market, after inaugurating it in Prague and Sofia, in October 2020.
German retailer Metro Cash&Carry is expanding its biggest logistics center in Romania, located in Stefanestii de Jos locality, which will exceed 65,000 square meters upon the completion of works.
Wood processing company Kastamonu Romania (formerly Prolemn) held by Turkey’s Kastamonu Entegre, posted RON194.3 million (about EUR40 million) revenue in the first quarter, an increase of more than 19% on the year-ago period, ZF has found from the data the company supplied.
Tinmar Energy group owner Augustin Oancea plans to double renewable power generation capacity, as well as launch an electric mobility project, among others.
Green bonds issued by Raiffeisen Bank, the local division of Austria’s Raiffeisen Bank Group, will start trading on the Bucharest Stock Exchange Thursday under the ticker symbol RBRO26, the stock market announced Tuesday.
ATP Trucks Automobile, part of ATP Group in Baia Mare, northern Romania, owned by entrepreneur Mircea Cirt, estimates it will reach an annual production capacity of 350 electric buses in the next five years.
In 2020, global renewable energy capacity investments grew 2% to $303.5 billion, the second-highest annual figure recorded to date despite the impact of the global COVID-19 pandemic, but $5.2 trillion more are needed to achieve zero emissions, an EY study estimates.
Help Net, the third leading pharmaceutical retail chain in Romania by number of units, reported sales of RON978 million in 2020, up 22% compared with 2019.
Germany’s Bosch Group registered consolidated net sales of nearly RON2.2 billion (EUR448 million) in Romania in the fiscal year 2020, up 3% compared with 2019.
Fratelli Group, controlled by several local entrepreneurs, targets a turnover of RON51 million for 2021, 12% lower than in 2019, the year before the outbreak of the COVID-19 pandemic.
The Black Sea Trade and Development Bank (BSTDB) is providing a loan of up to EUR10 million to Garanti BBVA Consumer Finance, to finance energy improvements and resource efficiency of residential buildings in Romania.
Lender ING Bank Romania on Tuesday said its pre-tax profit grew 11% on the year in the first quarter of 2021, to RON183 million, while its revenues grew 2% in the same period, to RON544 million.
Sales of oil products are expected to reach nearly $13.2 billion (EUR11 billion) in 2021, up nearly 2% versus 2020.
Sales of Romania's sole producer of oil and gas OMV Petrom, via its 560 filling stations, fell 24% on the year in 2020. By volume, each filling station sold 7% less fuel.
Ion Catutoiu, an entrepreneur engrossed in various investments, including in the real estate sector, and Andrei Stanciu, CEO of construction company Somet Group, will jointly develop a 150-room hotel for long stay, which will be affiliated to the Novotel Living brand and will be the first of its kind to be inaugurated in Eastern Europe.
SeedBlink, a local crowdfunding platform for Romanian IT start-ups, seeks to attract EUR3 million financing in Series A round, of which EUR500,000 through equity crowdinvesting, a platform currently valued at EUR12 million.
Cardboard packaging manufacturer Dunapack Rambox Prodimpex, posted RON153.2 million (EUR31.8 million) in 2020, an increase of about 8% on the previous year, ZF has calculated from Finance Ministry data.
La Fantana, one of the leading local suppliers of bottled water for water coolers to companies seeks to expand the production capacity of the plant in Talmaciu, Sibiu County.
Seven in ten financial analysts polled by CFA Romania expect Romania's inflation rate to grow to 3.53% over the next 12 months, and over 80% of them estimate the leu will depreciate against the euro, to 5.0062 units over the same horizon.
Household cleaning and personal care products manufacturer, importer and wholesaler Interstar Chim posted some RON185 million revenue in 2020, its highest ever.18957 items