Romania Feed
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ZF English - 06:47 Apr 19, 2023
Steven van Rijswijk, ING Group CEO, says Romania is a good market, its economy has weathered previous and current crises well, and the Dutch group’s desire is to grow further on its banking market. -
ZF English - 06:31 Apr 19, 2023
One of the biggest green energy portfolios underway locally has UAE’s Masdar and Romania’s biggest energy producer Hidroelectrica behind it. -
ZF English - 04:00 Apr 19, 2023
Motorola Mobility, part of China’s Lenovo Group, has constantly grown in Romania in the last few years, reaching 300,000 phone activations (phones purchased and activated by insertion of a SIM card) in 2022, 100,000 more than in 2021, the representatives of the Romanian subsidiary said. -
ZF English - 21:00 Apr 18, 2023
Low-price fashion retailer Takko, which has been operating in Romania for more than 15 years, has budgeted seven new stores for 2023, but the actual opening pace will depend on the progress of the retail project inauguration. -
ZF English - 21:00 Apr 18, 2023
The De’Longhi unit that handles import and wholesale of home appliances in Romania budgeted growth again in 2023, after a 9% increase in sales last year. -
ZF English - 19:34 Apr 18, 2023
KMG International Group has signed a new syndicated credit facility of USD531.8 million, with the possibility to be increased up to USD600 million. -
ZF English - 19:23 Apr 18, 2023
Mariana Gheorghe will no longer run for a new term in the Supervisory Board of ING Group, therefore the Group has started the process of recruiting a replacement, according to ING Group’s annual report for 2022. -
ZF English - 18:09 Apr 18, 2023
Investment fund VR Business Capital, controlled by Victor Angelescu, has acquired 49% of the shares of Sfera Credit, a non-banking financial institution that grants online loans, a business that is starting to gain ground on the Romanian market. -
ZF English - 17:36 Apr 18, 2023
One United Properties (ONE.RO), the leading investor and real estate developer of sustainable residential, mixed-use and office projects in Romania, announces the opening within the One Herastrau Towers residential project of Le Manoir Gourmet Market pilot project developed by entrepreneur Cristian Preotu, the owner of Le Manoir store chain. -
ZF English - 16:30 Apr 18, 2023
Romanian carmaker Automobile Dacia, owned by French group Renault, said its sales grew by 34.3% year-over-year to 171,789 units in the first quarter of 2023, as per data provided by Dacia. -
ZF English - 11:55 Apr 18, 2023
Only 53% of business executives admit their companies are not where they should be and are unprepared for serious economic disturbances, as per a new survey conducted by SAS, the global leader in analytics. -
ZF English - 11:41 Apr 18, 2023
Over half of investors at the Bucharest Stock Market are more interested in buying than selling shares on the stock market in 2023, which is an important aspect amid potential offerings and placements expected to take place both on the Main Market and on the AeRO market, an alternative trading system, as per the latest Market Pulse survey. -
ZF English - 10:02 Apr 18, 2023
The outlook for the global economy has taken a positive turn in the first half of 2023 as inflationary pressures began to ease, but the most recent KPMG forecast shows that ongoing geopolitical tensions and domestic challenges in key markets are slowing down the return to sustained growth. -
ZF English - 08:13 Apr 18, 2023
The British operator of cinema chain Cineworld announced it gave up the planned sale of its Eastern European activities, stating the received bids did not reach the necessary value for its creditors. -
ZF English - 07:04 Apr 18, 2023
Trencadis, a technology company that has become a major solutions provider for the public sector, ended 2022 with RON4 million net profit, double the 2021 level, in line with Finance Ministry data. -
ZF English - 06:59 Apr 18, 2023
Acronis, a global company developing cybersecurity technologies, headquartered in Singapore and Switzerland, in 2022 went past the 100-employee mark in Romania, in line with Finance Ministry data. -
ZF English - 06:53 Apr 18, 2023
The mineral wool plant Knauf Insulation group is building in Tarnaveni, a EUR130 estimated investment set to be completed next year, will create 130 jobs. -
ZF English - 06:45 Apr 18, 2023
Connections Consult, a group of companies specialized in providing software solutions and IT services, has budgeted for 2023 RON5.6 million net profit, up 30.2% from 2022, RON82 million total revenues, 40.3% higher than in 2022, in line with ZF calculations based on the annual financial report published on the Bucharest Stock Exchange. -
ZF English - 06:36 Apr 18, 2023
For 2023, Rompetrol Rafinare, a company part of KMG International and owner of Petromidia Navodari and Vega Ploiesti refineries, has budgeted $102.45 million net profit, up 13.46% from 2022. -
ZF English - 04:00 Apr 14, 2023
Polish-held LPP, one of the largest fashion retailers in Romania by revenue, has budgeted 50-55 new store openings this year, a faster progress than in 2022 when it opened 42.