ZF English
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http://www.zfenglish.com
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ZF English - 07:20 Dec 17, 2024
Autoklass Center SRL, the business controlled by Enrico Perini, who also owns Romstal, has taken over distribution and service activities for Volkswagen Autoturisme, Voslkswagen Autovehicule Comerciale and DasWelt Auto from Tess SRL, in one of the biggest deals on the local market. -
ZF English - 20:50 Dec 16, 2024
Rondocarton, part of the Austrian Rondo Ganahl Group, a leading corrugated cardboard manufacturers in Romania, expects to end 2024 with a turnover of nearly EUR130 million, amid a 10% increase in the corrugated cardboard packaging market in 2024. -
ZF English - 19:55 Dec 16, 2024
Nuclear power producer Nuclearelectrica (stock symbol: SNN) has called its shareholders for a meeting on January 22, 2025 to vote on approving the updated strategy for the continuation of the investment in the project for refurbishment works at Cervavoda Nuclear Power Plant Unit 1, which requires EUR1.9 billion investments, VAT not included, the company said in a report sent to the Bucharest Stock Exchange on Dec.16. -
ZF English - 19:12 Dec 16, 2024
Hungarian state company MVM and Germany's E.ON Group have reached an agreement on Dec. 16 for the acquisition by MVM of E.ON's energy retail and customer solutions business in Romania, according to an announcement by E.ON. -
ZF English - 17:34 Dec 16, 2024
Gerasimos Contoguris took over the role of Director of People & Culture at Philip Morris Romania, starting November 2024. -
ZF English - 15:58 Dec 16, 2024
Renewable energy provider Enery has announced the successful signing of a EUR214.45 million bank loan facility with UniCredit Bank, Banca Comerciala Romana (BCR) and Erste Group Bank AG to support the development and consolidation of its renewable energy projects in Romania. -
ZF English - 14:41 Dec 16, 2024
Piletilevi Group, the largest ticket seller in Central Europe, which acquired a majority stake in Romania's oldest ticketing company Bilete.ro in summer 2023, is acquiring Ticketing Nation SRL, which manages ticket seller platforms Entertix.ro and Myticket.ro. -
ZF English - 13:40 Dec 16, 2024
Romania's Finance Ministry raised RON1.93 billion from banks on Monday (Dec.16), selling government paper in two auctions, at annual average yields of 6.40% and 7.05%, respectively. -
ZF English - 13:10 Dec 16, 2024
Romania posted the highest annual rise in hourly wage costs among European Union Member States in the third quarter of 2024, at 17.1%, followed by Croatia with 15.1%, Bulgaria with 12.7% and Latvia with 12.6%, according to data published by EU's Statistical Office, Eurostat, on Dec. 16, 2024. -
ZF English - 12:34 Dec 16, 2024
Romanian corporate non-executive boards in Romania are falling behind global standards, with only 14% of board members believing that significant international experience is important, a stark contrast to their Western counterparts, according to the Board survey conducted in Romania by TRANSEARCH, a global Executive Search organization. -
ZF English - 12:18 Dec 16, 2024
The average budget for Christmas gifts in 2024 reaches RON700 at most for six in ten Romanians, similar with last year's budget, according to a nationwide survey carried out at the initiative of tbi bank, on a sample of 1,171 respondents. -
ZF English - 11:34 Dec 16, 2024
Romania’s public debt, in both lei and foreign currency, stood at RON916.7 billion at the end of September 2024, which is nearly 17% higher since the beginning of 2024 and accounts for 53.1% of gross domestic product (GDP), Finance Ministry data show on Monday (Dec. 16). -
ZF English - 10:41 Dec 16, 2024
RIVUS, the industrial reconversion and urban regeneration project in Cluj-Napoca, developed by IULIUS and Atterbury Europe, an investment estimated at EUR500 million, will have Auchan as anchor tenant in the food hypermarket segment. -
ZF English - 09:42 Dec 16, 2024
Deloitte: Winter Holiday Spending in Romania Set to Rise 8% in 2024 amid Price Increases -
ZF English - 09:00 Dec 16, 2024
Consumption hit an all-time high in 2024 in Romania and the market continues to present major growth opportunities should current tendencies maintain, believe Colliers consultants, as the local market boast the biggest non-food retail growth rate in the EU. -
ZF English - 08:14 Dec 16, 2024
5 to go coffee shop chain is in final talks with two new investors, Invenio Partners and ACP, the former Mezzanin Management, which want to take over part of the stock owned by the company’s founder, Radu Savopol, and the entire stake of Mozaik Investments, market sources told ZF. -
ZF English - 08:05 Dec 16, 2024
Aquila, the market leader in integrated distribution and logistics services for the consumer goods market in Romania and the Republic of Moldova, has sealed an agreement to acquire 100% of the shares of KITAX Kft, a top five distribution company in its sector, with nationwide coverage in Hungary. -
ZF English - 07:52 Dec 16, 2024
Almost one years since its arrival on the Romanian market, Turkish online retailer Trendyol has attracted 1.2 million buyers who have logged at least one order and delivered more than 11 million items locally. -
ZF English - 18:41 Dec 13, 2024
BT Property, an alternative investment fund specializing in real estate investments, has announced on Dec. 13 the acquisition of Oradea-based shopping center Prima Shops from Oasis Group, a local company active in the sector of developing and managing retail properties and held by businesspeople Klaus Reisenauer and Kurt Wagner. -
ZF English - 18:26 Dec 13, 2024
Romania's current account deficit stood at EUR24.2 billion in January-October 2024, compared with EUR18.4 billion reported in the same period of 2023, considering that the deficit from the international trade in goods widened to EUR26.9 billion, central bank data showed on Friday (Dec. 13, 2024).
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