Meat processor Angst Ro SRL, which went insolvent in March 2024, will put up for sale five retail spaces from Bucharest and Ilfov, worth a total EUR3.6 million, according to Infinexa Restructuring, a company which, together with Prime Insolv Practice SPRL, is part of a consortium designated insolvency administrator for Angst.
Poland’s LuxVet Group, which operates on the market of veterinary clinics and hospitals in Central and Eastern Europe, has bought Pet Stuff, is one of the largest veterinary hospitals in Bucharest and Romania.
Romania continues to be an attractive destination for Global Business Services (GBS) centers due to factors such as competitive labor costs, access to a large pool of specialists in key areas like IT, and proximity to European markets, as per an analysis by Horváth, a global management consulting company active in the Romanian market since 2005.
The average net salary in Romania increased by 1.4% in nominal terms in September 2024 compared to August 2024, to 5,228 (EUR1,051), data from the country's statistics board INS showed on Tuesday (Nov 12, 2024).
Romania's annual inflation edged higher in October 2024, to 4.7%, compared with 4.6% in September 2024, after being on a downward trend since July 2024, data from the country's statistics board INS showed on Tuesday (Nov 12).
Piatra-Neamt-based farming machinery producer Mecanica Ceahlau ended the first nine months of 2024 with a RON4.4 million loss, almost triple the RON1.5 million loss registered on September 30, 2024.
Mecanica Fina (MECE.RO), a producer of measuring, verification, control and navigation instruments and devices, registered RON15.1 million turnover in the first nine months of 2024, down 13% from the year-earlier period.
Turism Felix, which manages five hotels in Baile Felix resort of Bihor county, reported RON1.66 million profit for January-September 2024 period, down 82% from the year-earlier period.
Carbochim Cluj-Napoca, Romania’s largest producer of professional abrasives, in the first nine months of 2024 posted RON376,664 losses after RON117 million net profit in the year-earlier period.
Romanian ambulance and special vehicle producer Deltamed currently exports around half of local production and wants to reach new opportunities in Europe, the Middle East and South-East Asia, explained Viorel Toadere, the company’s commercial manager.
Techtex SRL, a company specializing in technical textile production, part of Taparo group, has entered an agreement with creditors.