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Electronics retailer Altex opens a new store on November 19 in Deva, Hunedoara county, in a company-owned space, following an investment of EUR5 million.
Romanians bought RON72.5 million (EUR15 million) worth of dermo-cosmetics in pharmacies in the third quarter of 2020, down 0.5% compared with the same period last year but up 24% compared with the second quarter, Cegedim data showed Wednesday.
OMV Petrom (SNP.RO), the largest energy company in Southeastern Europe, has invested approximately EUR21 million at Petrobrazi refinery to raise bio-blending capacity and improve infrastructure for the transport, unloading and storage of bio-components within the refinery.
Dorna Lactate, the company that makes the LaDorna brand and is part of the French Lactalis group, ended 2019 with 223 million lei revenue, down 6% on 2018, and slipped into the red with an almost RON1.5 million loss compared with a RON9.5 million profit in 2018, Finance Ministry data show.
September came with a fast-paced rise in corporate lending, after a visible rebound in the summer months, when it recovered from the decline in the spring months caused by the lockdown due to the COVID-19 pandemic.
Fewer than 300,000 people passed through the Henri Coanda (Otopeni) Airport in Bucharest in October, compared with almost 1.3 million in the year-ago month, according to the National Company Bucharest Airports (CNAB) data supplied to ZF.
Romanian state-run oil transporter CONPET Ploiesti (COTE.RO) on Tuesday put into service the newest and largest crude oil storage tank, in Calareti, which hosts a pumping station for imported crude oil, located 50 km off the capital Bucharest.
The Supervisory Board of Romanian state-owned power grid operator Transelectrica (TEL.RO) on Tuesday appointed Catalin Nitu to the position of Chairman of the Directorate for a four-year mandate, effective November 17, 2020.
Romanian cardboard and toilet paper manufacturer Vrancart Adjud (VNC.RO) ended the first nine months of 2020 with a net profit of RON10.1 million, down 34.6% on the year, and a turnover of RON207.9 million, down 7.7% on the year, per ZF calculations based on the company’s quarterly report.
Rolling stock maker Atelierele CFR Grivita (ATRD.RO) reported a net profit of RON27.8 million in the first nine months of 2020, up 160% on the year, and a turnover of RON42.8 million, down 7% on the year, per ZF calculations based on stock market and finance ministry data.
Agroland Business System, a firm developed by entrepreneur Horia Cardos, which owns a chain of supermarkets catering to farmers, on Tuesday said it plans to carry out a private placement for the sale of stocks in the coming period, aiming to attract nearly RON7.9 million from Bucharest Stock Exchange (BVB) investors.
Car production in Romania reached 51,418 units in October 2020, 3.2% fewer than 53,119 units in October 2019, data from Romania’s carmakers association ACAROM showed Tuesday.
Romanian state-owned energy holding CE Oltenia, the second largest local electricity producer with 22% market share, was green-lit by the European Commission for its restructuring plan to gradually reduce the coal-based power generation.
The European Bank for Reconstruction and Development (EBRD) has announced a new loan, worth EUR10 million, for Romania’s leading distributor of agricultural technologies Agricover, to meet growing working capital needs.
Real estate developer Impact Developer&Contractor (IMP.RO) on Tuesday reported a net profit of RON13 million for the first nine months of 2020, down 28% on the year.
Private equity fund Morphosis Capital Fund I announced Tuesday it was investing in Romanian dental clinic chain Dr. Leahu. Clinics owner Implant Expert DSO transfers a minority stake to Morphosis in exchange for a capital contribution.
The business services industry in Romania had 131,000 employees in 2020, the same as in 2019, and generated revenues of EUR4.5 billion, according to a survey by Romania Business Service Leaders Association (ABSL).
Patria Bank (PBK.RO), held by private equity fund Emerging Europe Accession Fund (EEAF), reported Tuesday a net profit of RON5.98 million for the first nine months of 2020, up 2% on the year.
This year has been a year of change, but home appliances manufacturer Miele saw growth again in Romania, says Loredana Butnaru, the executive who runs Miele’s local operations.
Rompetrol majority holder KMG International, which owns the Petromidia refinery, announced Tuesday it intends to sell a range of non-core assets in Romania.18948 items