Private equity fund Provectus Capital Partners (PCP), headquartered in Zagreb, Croatia, has entered Romania market by opening an office in Bucharest to cement its regional footprint. The investor also has offices in Ljubljana (Slovenia), Sofia (Bulgaria) and Belgrade (Serbia).
Prime Minister Shehbaz Sharif has convened a meeting of the Council of Common Interests (CCI) today, as requested by the Sindh government, Sindh Senior Minister Sharjeel Inam Memon said. The meeting, initially scheduled for May 2, has been brought forward following the Sindh government’s request. In a statement, Memon confirmed that the meeting, which will be chaired by Prime Minister Shehbaz, is set to take place this evening in Islamabad. He further revealed that the key issue of canal projects will be discussed, and a decision is expected to be made today regarding the matter. The dispute centers around the federal government’s plan to construct six canals from the Indus River to irrigate the Cholistan desert. This ambitious project, estimated to cost Rs211.4 billion, aims to transform thousands of acres of barren land into productive agricultural areas. However, the initiative has been met with strong opposition from the Sindh government, led by the Pakistan Peoples Party (PPP), as well as various nationa...
Maspex Romania, a leading player in the beverages and foodstuffs industry, in 2024 generated RON1.25 billion turnover, up around 9% from 2023. The advance is lower than the 2023 one, but the company had continued the series of increases for over a decade.
Romanian conveyor belt maker Artego for 2024 reported turnover worth RON144.8 million (EUR29.1 million), down 11.1% from 2023, in line with ZF calculations based on Finance Ministry data.
Macromex, the biggest player in the frozen foodstuffs sector, in 2024 reached RON894 million turnover, up 15% from 2023. The company’s net profit amounted to RO45 million, 15% higher than in 2023.
Vincent Devloo, area retail manager at Ikea Southeastern Europe, says the group is looking to open stores in smaller cities and test new store formats locally.