Romania Feed
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ZF English - 16:54 Aug 30, 2023
Photon Energy has announced that Photon Energy Engineering Romania, the Group’s Romanian subsidiary dedicated to engineering, procurement and construction (EPC) services, has completed and grid-connected two solar photovoltaic (PV) power plants in Romania. -
ZF English - 16:15 Aug 30, 2023
Pet shop chain Animax, part of the Pet Network International group, has invested EUR270,000 in two new stores in Bucharest and Alba-Iulia for a total 131 in Romania and plans to open six more stores by yearend. -
ZF English - 12:35 Aug 30, 2023
The largest investment in the portfolio of private pension fund Aripi, managed by Generali, was in Romania's largest electricity producer, Hidroelectrica (H2O), on July 31, 2023. -
ZF English - 09:58 Aug 30, 2023
Colliers Romania manages over 680,000 square meters (sqm) of real estate in Bucharest, Cluj-Napoca, Timisoara, Brasov, and Arad, of which 590,000 sqm are offices and the rest industrial warehouses, providing asset management and administration services for annual budgets of over EUR26 million. -
ZF English - 09:31 Aug 30, 2023
The Foreign Investors Council (FIC) supports the need to reform the fiscal system, but it has to be analyzed in terms of medium and long-term sustainability and through prior consultation with the business environment, as per a press statement. -
ZF English - 09:23 Aug 30, 2023
A recent survey conducted by Ipsos for ING Bank shows that 48% of Romanians can no longer afford to save because of inflation, and only 11% manage to put enough money aside to be able to cope with a more expensive future already marred by multiple price hikes. -
ZF English - 07:29 Aug 30, 2023
Turism, Hoteluri, Restaurante Marea Neagra (EFO.RO), which manages several hotels and restaurants in seaside resorts, reported revenues worth RON31 million for the first half of 2023, considerably higher than the RON3.2 million revenues of 1H/2022 amid the sale of Venus compound of Eforie Nord and the renting of new assets. -
ZF English - 07:21 Aug 30, 2023
Sphera Franchise Group, which holds the franchise for the KFC, Pizza Hut and Taco Bell in Romania, for the first half of 2023 reported net profit of RON19.4 million, compared with RON8.7 million losses in 1H/2022. -
ZF English - 07:00 Aug 30, 2023
Meta Estate Trust, a holding-type company operating in the real estate field, for the first half of 2023 reported RON6.3 million total revenues, up 60% from the year-earlier period, while net profit climbed to RON2.9 million from RON0.7 million. -
ZF English - 06:06 Aug 30, 2023
Retailer Profi has budgeted an over 10% turnover and EBITDA profit increase for this year. -
ZF English - 05:56 Aug 30, 2023
Furniture and home products retailer JYSK is expanding further in Romania and is opening a new store on August 31 in Cosmopolis housing compound of Stefanestii de Jos, near Bucharest, thus reaching a 136-unit network. -
ZF English - 17:25 Aug 29, 2023
Automotive component maker Altur Slatina (ALT.RO) posted RON75.3 million revenue in the first half, slightly up on the RON73.4 million in the year-ago period, while profit increased to RON7.8 million from RON4.9 million. -
ZF English - 16:04 Aug 29, 2023
Danube freight carrier Transport Trade Services (TTS) recorded group-wide revenue of RON571.5 million in first half of 2023, 42% above the same period in 2022, it said it its first half financial report. -
ZF English - 14:28 Aug 29, 2023
Retail pharmacy chain Minifarm, which has developed in Tulcea and Constanta counties, and recently in Bucharest, plans to take over nine pharmacies in Bucharest from Farmacia Elixirfarm Impex and Farmacia Kogalniceanu, the Competition Council announced on Tuesday. -
ZF English - 13:52 Aug 29, 2023
Real estate developer Globalworth has completed a new photovoltaic project, this time on the rooftop of Industrial Park West in Oradea, one of its important logistics and industrial park assets. -
ZF English - 11:53 Aug 29, 2023
Belgian-held drywall products maker Etex Building Performance (the former Siniat Romania) will invest EUR28 million in a plasterboard plant near Bucharest, which is set to start operating in 2025. -
ZF English - 10:06 Aug 29, 2023
The shareholders of port operator Comvex Constanta (CMVX.RO) decided in the August 28-29 meeting the distribution of RON150 million dividends, the company said in a report to the Bucharest Stock Exchange. -
ZF English - 09:11 Aug 29, 2023
Simtel Team, a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange and the leading company in the renewable energy field, has completed the first phase of the photovoltaic park of Plesoiu, Olt county, a project that is part of the company’s new business line, electricity generation. -
ZF English - 06:21 Aug 29, 2023
Real estate developer One United Properties, in the first half of 2023 registered consolidated turnover of RON843 million, 25% higher than in 1H/2022, and net profit worth RON287 million, down 17%. -
ZF English - 06:08 Aug 29, 2023
TELLUR brand, owned by local IT&C products and accessories distributor ABN Systems International, in 2022 generated turnover worth EUR23.5 million, George Barbu, ABN System CEO, told ZF.