Dragos Damian, CEO of Terapia Cluj, announced in an interview with ZF the company has over EUR10 million worth of investments underway in new manufacturing technologies, expansion of end product warehouse, a solar park and the regeneration of the production site.
Freshful, eMAG’s online hypermarket, ended 2023 with turnover worth almost EUR100 million, according to Andrei Popescu, general manager of Freshful by eMAG, and for 2024 aims to boost turnover by at least 50%.
Electric cable producer RCB Electro 97 of Bistrita, controlled by entrepreneurs Calin Onita and Francisc Kontra, for 2023 reported turnover worth RON225.4 million (EUR45.6 million), down 5.8% on the year. Net profit reached RON9.28 million (EUR1.9 million), 30% lower than in 2022.
Local company DAAS, one of the leading suppliers of equipment for hotels, restaurants and food stores, held by Italian group EPTA, ended 2023 with a turnover of EUR50 million, similar to 2022 level.
The Oltean Family from Reghin, which owns the Maviprod-IRUM group of companies, targets a consolidated turnover of almost EUR59 million in 2024, up 5% on the year, in line with calculations by Ziarul Financiar (ZF) daily based on company data.
Integrated meat and meat products manufacturer Ferma Zootehnica, controlled by Lazar family, targets a turnover of almost EUR54.4 million in 2024, up 5% from EUR51.8 million in 2023.
The Board of Directors of chemical compound Chimcomplex Borzesti (stock symbol CRC), the leading producer and supplier of vital chemical substances in the region, said in a stock market report that it has appointed British citizen Steve Hunt to the position of Chief Executive Officer of the company, for a four-year term.
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.