Farmacia Tei, one of the most dynamic companies on the local market, which has reached 11 Tei pharmacies and 11 Bebe Tei stores, in the first ten months of 2025 saw turnover rise by 20% and expects RON1.65 billion by yearend.
Wiring and automotive applications manufacturer Hirschmann Automotive TM, the local subsidiary of Austria’s Hirschmann Automotive, for 2024 reported turnover worth RON784.5 million (EUR157.7 million), down 7.6% from 2023.
Raffaello Shoes Factory, Romania’s biggest footwear producer, owned by Italy’s Grisport, in 2024 registered turnover worth RON247.2 million (EUR49.7 million), down 21.5% from 2023, in line with ZF calculations based on Finance Ministry data.
State-owned Qatar Airways has decided to sell its entire stake in Cathay Pacific Airways for about $897 million (HK$6.97 billion), marking its complete exit from Hong Kong’s flagship airline after eight years. Cathay said late on Wednesday that the Doha-based carrier had approached it about selling its entire 9.7 per cent stake, and it would repurchase the shareholding through a buyback at HK$10.8374 per share, roughly a 4pc discount to its last closing share price. The Gulf carrier had bought the stake in November 2017, making it the third-largest shareholder in Cathay after Swire Pacific and Air China. Cathay is paying roughly a 35pc premium over the price Qatar Airways originally paid for the stake to buy it back. The Hong Kong carrier said it would fund the deal through internal resources and existing credit lines. “I don’t think there’s anything special to read into it [buying back from Qatar]. I think it’s more likely about Qatar Airways having their own cash needs,” said Kenny Ng Lai-yin, securities st...
Roshen Retail, a company part of Roshen group owned by the family of Ukrainian billionaire Petro Poroshenko, has opened a store in Bucharest’s Unirii area, the first of this type for the chocolate producer.
OMV Petrom, the sole oil and gas producer in Romania, will reduce its headcount at group level by around 10% against the early 2025 level by 2027.