Danube transport company Transport Trade Services (TTS.RO) has budgeted revenue of RON970 million in 2023 from RON934.4 million in 2022, which translates into potential growth of 3.8%, as per calculations by Ziarul Financiar (ZF) daily based on data from the company’s budget of revenue and expenditure.
Danube transport company Transport Trade Services (TTS.RO) has officially announced on Tuesday (April 4) the name of the company it had acquired in February 2023 for EUR21.8 million, namely, port operator Decirom S.A. Constanta, as per a stock market report.
Romania has been a strong performer among emerging economies, though periods of economic overheating have caused concern at times, but economic perspectives have deteriorated significantly since the start of Russia’s invasion of Ukraine, as per an analysis by Allianz Trade.
Klass Wagen Rent-a-Car has announced the purchase of 500 Dacia vehicles from Renault Commercial Roumanie SRL, thus reaching a fleet of more than 2,500 cars in Romania.
Nine startup firms which “graduated from” the InnovX-BCR acceleration program will be supported to participate in 2023 edition of the SelectUSA - the leading event dedicated to foreign direct investments in the United States of America.
The Bihor County Council has accessed a European project worth EUR7.6 million for the construction of 16 new waste collection centers in the Bihor County.
Datanet Systems, an integrator of complex IT&C solutions and systems and a member of Slovak Soitron Group, ended 2022 with a turnover of over EUR38 million, up nearly 34% from 2021, according to company representatives.
2Performant (2P.RO), a technology company and the leader of the affiliate marketing market in Romania, announced sales generated by its own platform reached EUR28.8 million (excluding VAT) in the first quarter of 2023, an increase of 40% on the year-ago period.
Romania's central bank has decided at its board meeting on Tuesday (April 4) to keep its benchmark interest rate on hold at 7% a year.
Romanian electricity distribution company E-Distributie Banat has completed the construction of a new primary substation, worth RON23.59 million and located in the Dumbravita commune, near Timisoara.
Romania's industrial production prices for the total (domestic market and non–domestic market) increased by 21.6% in February 2023 compared to February 2022, data from Romania's statistics board INS showed on Tuesday (April 4, 2023).
The developers of Belvedere Residence project of northern Bucharest have sold the shopping gallery part of the mixed-use compound to a private investor, in the biggest deal with street front retail space of recent years.
The Home, an online furniture and lighting retailer, present with two physical stores in Bucharest and Cluj, has leased around 8,000 square meters in Parcul Logistic Logicor Bucharest II, developed by one of Europe’s biggest owners and operators of logistic and distribution warehouses.
Real estate developer One United Properties will invest around EUR6 million to build two private schools in the area of Tei and Plumbuita lakes in Bucharest’s district 2.
Vitamix network, made up of natural supplements, healthy food and cosmetics stores, expanded in 2022 and now includes 59 stores.
Hospitality group Kane plans to double its number of units by 2027 and reach RON130 million turnover.
Ropharma pharmacy chain, indirectly controlled by businessman Mihai Miron, has budgeted turnover worth above RON597 million in 2023, up 7% on the year.
Electricity supplier and service provider for electricity market actors Alive Capital ended last year with EUR170 million revenue, almost double the 2021 level.
German-held supplier of automotive components and systems and the largest manufacturer of automotive components in Romania Continental has expanded its center in Iasi with new test labs, following EUR8 million investments and continues hiring.
Furniture and home products retailer JYSK continues its expansion plans in Romania and opens two new stores, in Dej and Radauti, on Thursday, April 6, bringing its network to 133 stores in the country.