Romania Feed
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ZF English - 07:03 May 04, 2023
Spedition UMB, Romania’s largest building company by 2021 figures, saw its 2022 turnover soar by 61% to RON2.1 billion from 2021. Profit posted a fourfold increase, to RON137.8 million, but the number of employees is still low, at below 50. -
ZF English - 06:55 May 04, 2023
Local furniture retailer SomProduct intends to open two stores this year, thus reaching a five-showroom network. -
ZF English - 06:25 May 04, 2023
Italian group UniCredit for the first quarter of this year reported EUR64 million net profit from Romanian operations, up around 45.3% from the consolidated gain of 1Q/2022. -
ZF English - 20:13 May 03, 2023
Nuclear power producer Nuclearelectrica (SNN.RO) on May 3 informed its shareholders and investors in a stock market report about the appointment of Dan Niculaie Faranga to the position of Chief Financial Officer (CFO) for a four-year term, starting May 3, 2023. -
ZF English - 19:45 May 03, 2023
GROUPAMA, leader of the Romanian insurance market, has announced the appointment of Calin Matei to the position of Chief Executive Officer, starting June 2023. -
ZF English - 19:41 May 03, 2023
French-held Carrefour Group, which has more than 400 stores under different formats in Romania, has expanded its network in the country by 36 stores in the past year (April 1, 2022 – March 31, 2023), ZF has calculated from the corporate reports. -
ZF English - 19:31 May 03, 2023
Roca Industry Holding (ROC1.RO) listed on the AeRO market of the Bucharest Stock Exchange on Wednesday evening announced that Bico, a company in which it owns 70%, had signed the agreement to buy Lithuania’s Iranga Technologies for EUR3.2 million. -
ZF English - 19:27 May 03, 2023
Alexandru Stoinea will be running the operations of ASBIS Romania, the local subsidiary of Cyprus-based IT product distributor ASBIS, starting May 2023. -
ZF English - 18:32 May 03, 2023
Romania’s Financial Supervisory Authority (ASF) on Wednesday May 3, 2023, approved the initial public offering prospectus of Agricover Holding for an offering of up to RON416 million, running from Thursday, May 4 to May 16. -
ZF English - 18:13 May 03, 2023
The European Investment Fund (EIF) has signed a RON45 million (EUR9.1 million) loan with Agricover Credit, the main specialized financial services provider for farmers in the Romanian market. -
ZF English - 18:03 May 03, 2023
Cronos Med Group, a plastic surgery and medical aesthetics chain founded by physician Constantin Stan, has taken over for EUR1.5 million the majority stake in the Biootika clinic based in Romania’s central city of Brasov.
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ZF English - 17:49 May 03, 2023
Romanian natural gas producer and supplier Romgaz (SNG.RO) on Wednesday (May 3) said in a stock market report that it placed with Romania’s import-export bank Eximbank a term deposit without auto-renewal option in the total amount of RON88 million. -
ZF English - 17:38 May 03, 2023
Hidroelectrica, Romania’s largest electricity generation company and the most anticipated listing on the Romanian capital market, is set to distribute 90% of its record net profit of RON4.4 billion of 2022 towards its two shareholders – the energy ministry (with an 80% ownership stake) and Fondul Proprietatea (20%). -
ZF English - 16:55 May 03, 2023
New car registrations in Romania increased by 16.48% to a total 9,865 units in April 2023 versus April 2022, data from the association of automotive manufacturers in Romania (ACAROM) showed on Wednesday (May 3). -
ZF English - 16:26 May 03, 2023
The European Commission on 2 May adopted exceptional and temporary preventive measures on imports of a limited number of products from Ukraine under the exceptional safeguard of the Autonomous Trade Measures Regulation. -
ZF English - 15:46 May 03, 2023
Law firm Tuca Zbarcea & Asociatii assisted the Carrefour group in the acquisition of the local subsidiary of Louis Delhaize, which operates as Cora in Romania. -
ZF English - 13:26 May 03, 2023
Grand Hotel Bucharest, the former Intercontinental hotel, managed by Compania Hoteliera Intercontinental Romania (RCHI.RO), had a turnover of RON26.8 million in 2022, up 42.9% from 2021, and a net profit of RON2.8 million, nearly 35% lower versus 2021, as per the annual financial report published at the Bucharest Stock Exchange. -
ZF English - 11:55 May 03, 2023
Romania's industrial production prices for the total (domestic market and non–domestic market) increased by 13.6% in March 2023 compared to March 2022, data from Romania's statistics board INS showed on Wednesday (May 3, 2023). -
ZF English - 10:27 May 03, 2023
Romania’s unemployment rate stood at 5.4% in March 2023, lower by 0.1 percentage points than 5.5% in February 2023, data from the country’s statistics institute INS shows on Wednesday (May 3). -
ZF English - 08:24 May 03, 2023
Tech startup Pluria, launched in September 2020 in Romania and Spain by entrepreneur Andrei Cretu, cofounder of 7card network, now present in ten countries of two continents, announced a $2 million investment round led by Eleven Ventures, a major venture capital firm in southeastern Europe.