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tazz by eMAG delivery platform (the former online food delivery platform Eu¬CeMananc) saw its sales growing over 13-fold in 2020, following investments of RON26 million in technology and delivery process enhancement.
Romania's finance ministry launches three new bond issues for the general population Monday, June 1, which can be subscribed by June 28.
Romanian state-owned power grid operator Transelectrica (TEL.RO) said in a stock market report Monday that the Romanian State, its majority shareholder, requested the distribution of a gross dividend of RON0.59 per share, respectively, a total amount of RON43 million from the 2020 profit.
CTP, the largest owner of logistics space in Romania, seeks to expand throughout the country and is in talks with real estate investor Zacaria over the acquisition of six logistics centers.
Campus Media TV, the company that operates television channel Digi24, had a turnover of RON72.1 million, a profit of over RON18 million and 335 employees in 2020, per finance ministry data.
Romanian-owned power supplier Getica 95 became the private leader of the electricity trade on the competitive segment, right behind Electrica Furnizare and Enel Energie, both of which have a significant distribution infrastructure.
Freight carrier Aquila Part Prod Com, the largest company in the Aquila group, has entered the billionaire club after posting growth of 57% in revenue to RON1.4 billion in 2020.
Pharmaceutical manufacturer Infomed Fluids, established in 2004, reported a turnover of nearly RON130 million in 2020, up 8% on the year, per calculations by Ziarul Financiar (ZF) based on finance ministry data.
Telekom Romania Mobile Communications, the former mobile telephony operator Cosmote, reported net loss of RON647 million in 2020, up 139% from RON271 million in 2019, per finance ministry data.
Telekom Romania Communications, the fixed communications services division of Telekom Romania Group, registered a net profit of RON148.9 million in 2020, after reporting a combined net loss of over RON3 billion for the last six consecutive years, during the 2014-2019 period, per finance ministry data.
International rating agency Fitch Ratings has revised the Outlook on Romania-based Autonom Services S.A.'s Long-Term Issuer Default Rating (IDR) to Stable from Negative and affirmed the IDR at 'B+', it said in a statement Friday.
Transport Trade Services (TTS), the biggest freight transporter on the Danube, has raised RON324 million in the first stage of its initial public offering, which targeted retail investors and closed Friday at noon.
Farmexim-Help Net group, part of German Phoenix Group since 2018, ended 2020 with a turnover of EUR734.2 million, 12% higher compared with 2019.
A blend between a 5 to go coffee shop and a Donuterie doughnut shop has opened in the center of Paris, France. The new place uses both brands and is operated by a local partner of the two Romanian entrepreneurial businesses.
Recommerce Group, a major European player in the refurbished smartphones market, with operations in 24 countries, is acquiring fenix.eco, a Romanian startup founded 14 months ago.
Euroins Romania, the second largest auto liability (RCA) insurance provider in the country, is refreshing its insurance products, starting with roadside assistance, comprehensive auto insurance and health policies, to lower exposure to the auto liability insurance sector, the company said.
Retail sales in Romania, excluding vehicle sales, grew 5% on the month in April and by 1.2% when adjusted for seasonality and number of working days, data from the country’s statistics institute showed Friday.
Construction material manufacturer Procema plans to refresh its vehicle fleet and increase production capacity by yearend.
The three largest ongoing investment projects carried out on the local market by Hidroconstructia, one of the largest builders in Romania, are worth a total EUR90 million.
Pro TV SRL, the company operating TV channels Pro TV, Pro 2, Pro X, Pro Gold and Pro Cinema, had a turnover of RON813.9 million in 2020, up nearly 2.5% on the year.20531 items