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Romania's Competition Council has conducted unannounced inspections at the premises and stores of the company Profi Rom Food SRL in the cities of Timisoara and Bucharest.
Law firm Tuca Zbarcea & Asociatii has assisted Romanian entrepreneurs Gianina and Iulian Nica, the founders of food retail chain La Cocos in attracting a strategic investment from the part of EBRD, CEECAT Capital and Morphosis Capital Fund II.
The European Bank for Reconstruction and Development (EBRD) and private equity funds CEECAT Capital Fund and Morphosis Capital Fund II invested EUR30-35 million to take over 56% in stock of the most powerful entrepreneurial business in Romania’s food retail, La Cocos, in line with ZF estimates.
Deloitte Romania assisted real estate developer AFI Europe in acquiring office building Bucharest Financial Plaza from Immofinanz group.
Farmaceutica Remedia, a major player on the local drug wholesale market, has earmarked total investments of over RON14 million for 2024.
Road freight carrier Trans SESE, headquartered in Cluj-Napoca, the local subsidiary of Spanish group SESE, returned to profit in 2023, with net gain of over RON770,000 (EUR155,700), compared with net loss of roughly RON186,000 (EUR37,800) reported in 2022, in line with publicly available data.
Purcari Wineries Public Company Limited (WINE.RO) on Thursday announced its Romanian subsidiary, Crama Ceptura, had performed a strategic asset acquisition in the Dealu Mare DOC.
Pharmaceutical producer Biofarm Bucuresti (stock symbol: BIO) ended the first half of 2024 with net profit of RON42 million, down 17% from RON50.2 million reported in the same period of 2023, as per its half-yearly financial report.
Cocor Bucuresti (COCR.RO), the operator of the shopping center in the center of Bucharest, reported net profit of RON2.6 million for the first half of 2024, up 165.5% compared with the result reported in the same period of 2023, as per its half-yearly financial report.
Vegetable oil producer Argus Constanta (UARG.RO), 91.4% held by Infinity Capital, notified the Bucharest Stock Exchange on Thursday evening of having si9gned a RON67 million loan agreement with Banca Transilvania.
Romanian state-run port operator Oil Terminal (stock symbol: OIL) has announced in a stock market report on August 22 that it signed a partnership agreement with Swiss company Euronova Energies regarding the construction of a bitumen terminal in the Port Of Constanta.
Anca Luca, who has been a community manager for startups within Banca Comerciala Romana (BCR) over the last years, was recruited by the InnovX startup accelerator for the position of Chief Growth Officer (CGO).
Alina Iacomi, currently Tribe Lead Digital and product owner at ING Home’Bank in Romania, will take over the position of Chief Operating Officer (COO) at ING Italy, starting October 1, 2024, and will be joining the bank's Executive Board.
Back-to-school spending is likely to remain unchanged this year, as 73 percent of parents are concerned about rising prices for everyday purchases, so low and middle-income ones are planning to spend less for this purpose in 2024, by 4 percent and 9 percent, respectively, 47 percent having less money to spend, and 44 percent being concerned about economy, according to the Deloitte back-to-school 2024 survey.
Romania’s state-owned natural gas producer Romgaz (SNG.RO) announced in a stock market report on Thursday (August 22) the conclusion of a new transaction with E.ON Energie Romania, a company part of Germany’s E.ON Group.
Uniqa Asigurari and Uniqa Asigurari de Viata, the local companies part of Austrian group Uniqa, ended the first half of 2024 with cumulated gross underwritten premiums worth EUR67.8 million, 18% higher than in H1/2023.
Bucharest will during the 2024-2026 period register the strongest increase in new hotel spaces among CEE capital cities, with an advance of around 5.8%, meaning another 2,400 rooms will be delivered, a rate that tops the CEE-6 average growth of 3.2%, reveals an analysis by real estate consultancy Cushman & Wakefield.
Winemaker Purcari Wineries in the first half of this year registered RON166 million revenues, up 3%, and RON29 million net profit, 8% above the level of H1/2023.
SIVA Uniforms, the main professional outfit plant in Romania, expects turnover to double this year, to EUR4 million, and aims expansion of the brand on new foreign markets.
The European Bank for Reconstruction and Development (EBRD), CEECAT Capital Fund, a regional private equity fund that works with visionary founders to support businesses growth, and Morphosis Capital Fund II, a growth capital fund focused on turning local SMEs into regional players, have entered the shareholding structure of Romanian-held food retailer La Cocos.19029 items