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Online retailer evoMAG, held by entrepreneur Mihai Patrascu, ended 2020 with sales of over EUR32 million, up 43% on the year.
The number of company insolvencies in Romania reached the lowest level of the last five years. In 2020, over 5,500 companies went insolvent, 13% fewer on the year, and the bulk of insolvencies were in the wholesale sector in 2020 per the latest survey by Coface Romania, Ziarul Financiar (ZF) reports.
TDCX, a leading provider of business process outsourcing (BPO) services based in Singapore, is opening in Bucharest its first office in Central and Eastern Europe and the second in Europe, after launching operations in Spain two years ago.
Prima Development Group, a real estate developer based in Oradea, plans to finish the construction of 640 apartments in Bucharest and Oradea and expand its presence in Bucharest with three new projects, totaling over 2,500 housing units.
The year 2021 had a very dynamic start in terms of staff recruitment, with increased demand for staffing in retail, tech, pharmaceuticals, logistics and transport, said Florin Godean, country manager of Adecco Romania, the leading temp staffing recruiter in Romania.
Auchan and Glovo have concluded a partnership whereby over 4000 products sold in the 33 Auchan hypermarkets can be ordered online, via quick delivery service application Glovo, across all 18 towns and cities in which Auchan has stores.
Romanians bought RON261.9 million (EUR54.1 million) worth of dermo-cosmetics at retail prices in 2020, down 2.7% compared with 2019, a market report by Cegedim Customer showed Wednesday.
Romanian cable maker Iproeb Bistrita (IPRU.RO), listed on the alternative trading system AeRO of the Bucharest Stock Exchange, said Wednesday in a stock market announcement that regional investment fund SIF Banat Crisana (SIF1.RO) disposed of its 8.6% ownership in the company, on February 12.
Private healthcare operator Gral Medical, the fifth largest on its market by turnover, has acquired the Labordiagostica medical laboratory in Timisoara, marking its first acquisition in western Romania.
FintechOS, which specializes in the development of digital transformation solutions for the financial industry, ended 2020 with annual recurring revenue, an important indicator for the companies backed by investment funds, in the amount of $7.5 million, up 195% from 2019 level.
Around one third of real estate specialists expect prices of houses and lands to grow by up to 10% in 2021, while prices for retail and office spaces are expected to decline, according to an analysis by RE/MAX Romania and Veridio.
Organic fertilizer producer Norofert (NRF.RO) on Wednesday said it published the Prospectus prepared for the capital increase operation approved by its shareholders on November 24, 2020 and by the Romanian Financial Supervisory Authority (ASF) on February 11, 2021.
The structure of office building tenants has changed over the last months, with the e-commerce sector increasing as share and the IT&C sector stepping back after seeing record leases in 2019, per a recent analysis by Esop.
Courier services company GLS Romania reported a 20% annual increase in turnover in 2020, due to the e-commerce being on an upward trend in 2020.
Help Net, the third leading pharmaceutical retailer by number of pharmacies in Romania, posted EUR209 million (some RON1 billion) sales in 2020, the company said in a release.
Pharmaceutical distributor Farmaceutica Remedia Deva (RMAH.RO) said Wednesday it ended 2020 with a turnover of RON442 million, down 1% on the year, and a net profit of RON38 million, 15-fold higher than RON2.4 million in 2019, per stock market data.
Bacau-based PVC trim, window rolling shades and garage door manufacturer Electric Plus set out to boost exports in 2021.
Romania ranks 14th in the European Union regarding new car registrations in January 2021, with 6,004 units, 51.9% fewer than in January 2020, data from the association of automotive manufacturers in Romania (ACAROM) showed Wednesday.
Health insurance market in Romania ended 2020 with RON451.5 million gross written premiums, Financial Supervisory Authority preliminary data show; premiums have almost tripled in the past five years.
Shares of Romanian construction materials producer TeraPlast (TRP.RO) grew 6.25% on the day on the Bucharest Stock Exchange Tuesday, to RON0.578 per share, and the company's capitalization thus exceeded the RON1 billion mark.21152 items