Airline HiSky will operate five flights per week on the Oradea-Bucharest route and back, and three flights per week on the Oradea-London route and back, Bihor County Council said in a press release.
Romanian company System Innovation Romania, an integrator of end-to-end business software solutions and a partner of SAP Business One locally, saw its 2023 turnover increase by over 21%, to over EUR2.6 million, company representatives said in a statement.
The four-star Cismigiu Hotel in Bucharest, one of landmark buildings of the city, held by Spain’s Hercesa, has budgeted for 3% higher revenue for 2024, up from EUR1.9 million in 2023, which was better in terms of results than 2019, the reference year in the travel industry.
Floria.ro, one of the largest online flower stores in Romania, posted sales of more than EUR900,000 in the first quarter of this year, up 5% compared with the same period in 2023.
More than half (54%) of the total area leased by the Cluj-based company Transilvania Constructii in the TRC Parks logistics projects it develops and manages is used for warehousing and distribution, 35% for production, 3% for logistics and courier activities, and 2% for telecommunications operations, the company’s statistics show.
Cristian Sporiş, Vice-President, Head of Corporate Banking at Raiffeisen Bank Romania, has been re-elected President of AmCham Romania for a new mandate.
Radauti-based home appliances wholesaler Marelvi, controlled by local entrepreneur family Mihalescul, had its lease contract extended for a space of over 8,100 square meters within the MLP Bucharest West logistics park.
The European Bank for Reconstruction and Development (EBRD), the Bucharest Stock Exchange (BVB), and VERTIK have announced on April 10, 2024 the completion of the Investor Relations and Liquidity Support program.
Agroland Business System, a Romanian retail, farming and food entrepreneurial group, has budgeted additional investments of around RON15 million in 2024 mainly targeting the Mihailesti poultry platform, where the company wants to boost the number of hens in production by over 30%.
One United Properties announced Bucharest Tribunal has dismissed the claim filed by the Bucharest Municipality and the Mayor of Bucharest seeking the annulment and suspension of the building permit pertaining to the "One Lake District” development.
Romania competition council has greenlighted the deal whereby Polish retailer Zabka, together with Radu Trandafir, Ioana Ionitescu intend to take over Romania consumer goods wholesaler DRIM Daniel Distributie FMCG S.R.L. and RetailCo.
Comes of Savinesti, Neamt county, a supplier of heat-transfer and pressure equipment and spare parts for chemical, petrochemical, oil and gas industries, ended 2023 with RON99.5 million turnover, up 25% from 2022, and expects similar growth in 2024.
The ten most active stock brokers at the Bucharest Stock Exchange handled together deals worth RON7.6 billion in the first three months of 2024, up 73% from the year-earlier period.
Betfair Romania Development, the software development and shared services center in Cluj-Napoca of the Flutter Entertainment Group- an Irish provider of solutions for the gaming and sports betting industries, plans to recruit 300 people by the end of 2024, seeking to 2,000 employees.
Romanian-held footwear retailer Benvenuti expects business to stagnate or grow slightly in 2024 compared with last year, when the company posted sales of almost RON178.5 million (more than EUR36 million).
Carmistin Group, one of the largest players in the food industry and mostly on the meat market, has reached a total 3,675 employees in April 2024, in line with data provided by company representatives.
New car registrations fell 26% to 9,156 units in March 2024 compared with March 2023, police data show and the decline also affected electrified cars. The latter saw a decline of 9% and their market share stands at 23.9%, while fully electric car registrations went down 35.9% for a market share of 7.4%, data from the Automotive Manufacturers and Importers Association (APIA) show.
Romania’s national power transmission company Transelectrica (TEL.RO) has announced in a stock market report on April 9 that it signed with the General Secretariat of the Government the financing contract for the implementation of the investment “The efficiency, modernization and digitization of the national power transmission network”, financed by the REPowerEU component of PNRR, in the amount of EUR56.2 million.
Romanian coffee shop chain 5 to go, launched on the market less than a decade ago, recorded a 48% year-on-year increase in sales in the first three months of 2024 and overshot the 550-location mark in the country, after opening 40 new coffee shops this year. It also refurbished nine and relocated two.