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Romanian oil and gas geophysical surveyor Prospectiuni Bucuresti (PRSN.RO) on Thursday reported a loss of RON8.1 million for the first quarter of 2021, from a net profit of RON9.9 million in the first quarter of 2020, and its turnover plunged 78% to RON14.8 million in the first three months of 2021, from RON68 million in the year-earlier period.
Online commerce platform eMAG Marketplace grew 80% in the past year and reached over 36,000 SMEs selling their products in Romania, Bulgaria, and Hungary, online retailer eMAG said in a statement Thursday.
Bogdan Neacsu, Chief Executive Officer of state-run lender CEC Bank, was elected President of the Romanian Banking Association Thursday morning.
Private lending in Romania grew 1% in nominal terms and 0.6% in real terms in April 2021 compared with March 2021, to RON293.559 billion, central bank data showed Thursday.
Paint and coatings manufacturer Köber, held by the family by the same name in Piatra Neamt, has budgeted growth of 5% in revenue this year, which means the revenue should reach RON418 million at the end of 2021.
Alka Trading, which manufactures Alfers wafers and Toortitzi crackers, had a turnover of RON231.5 million in 2020, up 2% on the year, and targets 12% growth in sales this year, to RON260 million.
Shell Romania, the local subsidiary of oil group Shell, returning to the local market after 15 years, has adopted flexible work spaces from Mindspace for its local team instead of leasing traditional office spaces for five to seven years.
Lithuanian hotel operator Apex Alliance, which owns and operates four other hotels in Bucharest, will inaugurate this summer the Marmorosch Bucharest hotel, Autograph Collection, following an investment of EUR42 million.
German retailer Kaufland is opening its fifth hypermarket in Timisoara, western Romania, reaching a national network of 143 units.
Network One Distribution (NOD), one of the top ten entrepreneurial companies in Romania and leader on the Romanian IT&C distribution market, saw a 30% increase in turnover in 2020, to RON1.76 billion.
The Romanian factory in Chisineu Cris of Italian farm machinery producer Maschio Gaspardo had a turnover of EUR44.1 million and a net profit of EUR2.3 million in 2020, per data announced by the group.
British American Tobacco (Romania) Trading, BAT group's biggest company locally, had a turnover of RON11.3 billion in 2020, 5.8% higher than in 2019, finance ministry data showed.
Spanish on-demand delivery platform Glovo on Wednesday said it would acquire the Foodpanda business in Romania and Bulgaria, part of Germany's Delivery Hero Group.
Romanian technology company 2Performant Network (2P.RO), listed on the AeRO market of the Bucharest Stock Exchange, under the ticker symbol 2P, will start trading on May 31 the preferential rights related to the share capital increase to be operated.
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.20531 items