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Retailer Profi held by buyout investor Mid Europa Partners, seeks to expand to 2,500 stores by 2024, as well as attain RON20.5 billion sales and 23.9% market share, a report of the company shows.
More and more people are now aware they need to exercise and that a healthy body handles complicated health situations better, says Catalin Pozdarie, chief executive officer of sporting goods retailer Hervis.
Implant Expert DSO, which operates dental clinic chain Dr. Leahu, will be opening a new clinic on April 17 in Ploiesti, following an investment of EUR500,000.
Ascendis, the leader of the local training and organizational development consultancy market, said Thursday it has invested in .lumen, a local start-up that designs, develops and produces systems to aid the blind using advanced AI and robotics.
David Durand is the new interim head of design at Dacia, replacing Alejandro Mesonero who is leaving Groupe Renault less than a year since his arrival in July 2020.
Romania's government has approved a restructuring grant of RON664 million to energy holding CE Oltenia, a state-owned coal-based electricity producer.
Romania's central bank governor Mugur Isarescu said the central bank would not be reducing the monetary policy rate further and was ready to ensure the flexibility of its inflation target considering the country's high public debt.
Romania's state-owned hydropower producer Hidroelectrica has started public procurement procedures for retrofitting works at its Raul-Mare Retezat hydropower station.
The European Commission on Thursday said it has approved a Romanian scheme worth EUR500 million (nearly RON2.437 billion) aimed at supporting small- and medium-sized enterprises (SMEs) operating in the field of tourism, accommodation and food services, as well as travel agencies, against backdrop of the COVID-19 pandemic.
Romania's finance ministry on Thursday raised 621.5 million lei (EUR126.2 million), above its RON500 million target, selling bonds maturing in October 2023 at an average yield of 2.31%.
Polish online retailer Born2be has recently entered the Romanian fashion market, with the launch of its platform locally, and the offer includes clothing, footwear and accessories.
ROCA Investments, the investment division part of Impetum Group, had a return on investment (ROI) of 62% in 2020, reaching a portfolio valuation of EUR42 million. The results come after three years of activity and have doubled compared with the level of EUR22.3 million end-2019.
Libra Internet Bank on Thursday said it ended 2020 with a net profit of RON38 million, down 67% on the year, and the total operating income of RON341 million, up 3.73% on the year, per data aggregated by Ziarul Financiar from the bank’s annual financial report.
Real estate consultancy company Cushman & Wakefield Echinox said Thursday it was extending its line of services to assist customers and partners in obtaining international LEED, WELL and BREEAM certificates, both for existing and pipeline office or industrial-logistical buildings.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, fell to 1.59% a year on Thursday (April 15), its third day of decline.
Austria’s Vienna Insurance Group (VIG), which owns insurers Omanisig, Asirom and BCR Asigurari de Viata in Romania, said Thursday it recorded gross underwritings of EUR493,8 million in Romania in 2020, up 5.5% on the year, and a profit of EUR8.4 million, versus a loss of EUR109 million in 2019.
Construction paint maker Policolor reported a profit of EUR2.4 million in 2020, more than double the EUR1 million level reported in 2019, despite the coronavirus pandemic, per the company’s latest financial report for 2020.
Amazon Development Center, part of US-held Amazon, the largest online retailer in the world, with offices in Bucharest, Iasi and Timisoara, ended 2020 with more than RON443 million (some EUR90 million) revenue, 40% higher than in 2019, Finance Ministry data show.
Antibiotice Iasi (ATB.RO), the largest Romanian-held pharmaceutical producer, has budgeted RON366.5 million revenue for 2021, an increase of 7.5% on 2020, as shown in its spending and revenue budget.
The beer industry, put at more than EUR1 billion a year and a consumption of 85 liters per capita a year, was less hurt in Romania than in other countries in 2020 because the decline in on-premise consumption was offset by the return of more than 1.5 million Romanians to their home country.18957 items