Auchan Romania, a major player in local food retail, continues to develop the franchising program launched in June locally, via which entrepreneurs can open a turnkey retail business under the brand Simply by Auchan.
Packeta Romania, a global digital platform for e-commerce, is expanding its local network with 17 new pick-up points, in partnership with Diverta bookstore chain, thus reaching over 1,800 points, double the 2023 level.
iSTYLE, the largest Apple Premium Reseller retail chain in Central and Eastern Europe, expects to generate over EUR120 million turnover in Romania, above the EUR118.7 million level registered in 2023, as all business lines have posted growth so far in 2024 and the last quarter brings the biggest sales of the year.
Jacobs Douwe Egberts Ro, the local subsidiary of the group of the same name, for 2023 reported turnover worth RON580.8 million (EUR117.4 million), up 10.4% from 2022, in line with ZF calculations based on Finance Ministry data.
Teletext, which owns dairy brand Diami, controlled by entrepreneur Mitru Crisan, has submitted a project to attract another EUR2.2 million in EU funds to retool the plant.
Fabrica de lapte Brasov, the company that manufactures and trades Olympys range and one of the biggest dairy producers in Romania, has opened a high-bay warehouse near the Brasov plant, in which it invested EUR40 million.
British fish & chips restaurant chain Harry Ramsden’s, with a history of around one century, wants to enter Romania’s market. The development would be in a franchise system.
Holde Agri Invest (HAI.RO), one of the largest farmland operators in Romania, saw its losses widen to RON12 million in the first half of 2024, from RON8.7 million in the same time in 2023, while operating revenue rose 12% to RON62 million. In a separate report, the company announced it replaced Liviu Zagan from his position as CEO.
The board of directors of state-run Romgaz (SNG.RO), the largest natural gas producer in Romania, on September 19 approved, based on the decision of shareholders, the establishment of the Euro Medium Term Notes Program and the EMTN Program Base Prospectus for the funding of the Neptun Deep gas project in the Black Sea, in which Romgaz owns 50%.
Omer Tetik, CEO of Romania's largest bank, Banca Transilvania (stock symbol: TLV), has reported to the Bucharest Stock Exchange the sale of some 95,000 bank shares in three consecutive sessions.
Global demand for electric vehicles (EVs) has slowed, and for prospective EV buyers, the main concern is a lack of charging infrastructure, according to the fifth annual EY Global Mobility Consumer Index report.
Romania's Competition Council approved the transaction through which SEET Investment Holdings SarL, Danail Emilov Mladenov and Teodora Emilova Mladenova, through Goodpack SarL, intend to acquire Paccor Romania SRL.
Law firm RTPR has assisted PragmaGO, a company owned by investment fund Enterprise Investors, in acquiring a majority 89% stake in Telecredit IFN, which operats Omnicredit brand, from Reconstruction Capital II Limited (RC2) and Elisa Rusu.
Electricity supplier and distributor Electrica is convening its shareholder to approve among others, a ceiling of up to EUR500 million for a bond issue or several subsequent issues of green bonds and the contracting of a syndicated bank loan of up to RON3.1 billion (EUR620 million) to support investment plans.
Cluj-Napoca-based software developer RebelDot estimates the AI unit will in 2024 generate 15% of turnover, which is expected to revolve around EUR16 million at yearend, up 40% from 2023.
Bucharest’s Royal Hospital, founded by gynecologist Ioan Stoian, with EUR5.8 million turnover last year, expects 20% higher results for 2024 and plans to add another two floors and a new surgery hall.
The Tei Group, made up of Farmacia Tei and Bebe Tei, has opened new stores in Dolj County, in ElectroPutere Mall in Craiova, an investment that is part of the plan to expand outside Bucharest.
Romania's finance ministry raised EUR5 billion on Sept 19 by tapping international markets with two euro-denominated bond issues and one US dollar-denominated bond issue, maturing in seven, twenty and ten years, respectively.
Austria’s Lasselsberger group, which owns ceramic tile maker Sanex in Cluj-Napoca, has submitted the largest investment of those seeking state aid via Construct Plus government scheme. The group applied for state aid to build a ceramic tile plant in a RON699 million investment.
Mineral water bottler Perla Harghitei has an ambitious investment plan, EUR40 million, self-funded. The Sancraieni, Harghita County-based company plans to upgrade and boost production and storage capacity by 70% in the next six or seven years compared with 2022.