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The restaurant market went down to less than RON10 billion in 2020 compared with RON14 billion in 2019. The fast-food segment accounted for some 20% to 25%.
Romanian entrepreneur Augustin Oancea, who owns electricity, gas and oil product trader Tinmar Energy, has a RON40 million investment budget for Intercereal, which he acquired last year.
Medical operator Medima Health, specialized in medical imaging and radiology, continues expansion by opening a clinic in Sibiu, central Romania, following an investment of EUR3 million.
Romania's finance ministry on Thursday raised a total of 648 million lei (EUR131.5 million) selling January 2028 bonds and 7-month bills on the local market, central bank data showed.
The first half of the year brought to the stock market 12 new equity issues: a company listed on the Regulated Market of the Bucharest Stock Exchange (BVB) and 11 listed on the Multilateral Trading Segment of BVB, with the total value of equity stakes listed on the stock market in January-June 2021 exceeding EUR77 million per data from BVB officials.
Adriana Danila and Stelian Olaru, the owners of the Gram Bistro and Suento by Gram restaurants, will be opening a new restaurant, at the end of July, on the ground floor of the Mendeleev Office 5 office building in capital Bucharest, under the Ever After by Gram concept.
Romania’s hotel market, the most affected sector by the coronavirus pandemic, expects to revive until 2024. In Romania, the net occupancy rate in 2020 was 11.3% lower than in 2019. For 2021-2023, 17 new hotels, with over 2,000 rooms, are due to be delivered, half of which in capital Bucharest.
Investor Marius Alexe, 38, has raised his holding in dairy producer Bonas Import Export (BONA.RO) to over 5%, the company said in a stock market report Thursday.
Romanian paving stone manufacturer Symmetrica of Suceava, owned by the Stanciu family, has opened a new production unit in Arad County, in Zimandu Nou locality, following an investment of over EUR6 million, thus, reaching seven factories in Romania.
Romanian prime minister Florin Citu said Thursday he has dismissed finance minister Alexandru Nazare from office citing delays in major projects, and proposed to take on the role of acting finance minister himself.
Catalyst Romania Fund II, one of the most important venture capital (VC) funds in the region, on Thursday said it has participated with EUR1.2 million financing, as a lead investor, in Series A financing round set off at the end of May by SeedBlink, a local crowdfunding platform for Romanian IT start-ups.
Courier services company Sameday, owned by online retailer eMag, reported a turnover of approximately RON400 million in 2020, up 142% from 2019, due to the growth of the e-commerce sector, against the backdrop of the coronavirus pandemic, and to the development of the logistics capacity.
Biodegradable packaging manufacturer Promateris (PPL.RO), formerly known as Prodplast and held by businessman Florin Pogonaru, has started the transfer of assets unrelated to its core activity, towards a new entity, Obor Development, and the splitting process is due for completion until December 31, 2021.
Romania's gross domestic product grew 2.9% in real terms in the first quarter of 2021 compared with the fourth quarter of 2020, provisional (2) estimates from the country's statistics board INS showed Thursday.
Grocery retailer Mega Image has appointed Romanian executive Razvan Munteanu chief financial officer, replacing Hadewych Vermunt, who will be joining Delhaize Le Lion, Belgium, on a similar position.
Carmo-Lact Prod (Bistrita-Nasaud) dairy producer posted more than RON132.7 million (EUR27.5 million) revenue last year, an increase of 26% year-on-year, ZF has calculated from Finance Ministry data.
Spirits producer and mineral water bottler Prodal 94 plans to end 2021 with RON11 million revenue, an increase of 18% year-on-year, ZF has calculated from the data the company officials supplied.
Italy’s Alerion group has struck a deal with Monsson Alma, the largest local green project developer to have several wind farms built over the next two years.
Pharmacy chain Ropharma (RPH.RO), owned by Mihai Miron, summoned shareholders for August 10 to approve the sale of a land plot in Iasi for RON2.02 million plus VAT.
Food Union, a Latvian food manufacturing and wholesale group, has reached a holding of 96% in Romanian ice cream maker Alpin 57 Lux based in Alba county, Confidas.ro data showed.20531 items