In the first half of 2023, the value of sales recorded by online stores that use the e-commerce platform MerchantPro grew by 8.5% compared to the same period of 2022, while the number of orders placed by customers rose by 6%, as per an analysis by MerchantPro, a local SaaS eCommerce solutions platform.
Agricultural holding ROCA Agri RDF, which owns the companies RDF Agricultura, RDF SA, Adidana Agricultura, Dachim and Supliment, has appointed Alexandru Savin to the position of Chief Executive Officer (CEO).
Industrial & logistics spaces will play a crucial role in solar energy, as more than half of it will be provided by rooftop solar PV by 2030, as per a study by CBRE, the global leader in commercial real estate services and investments.
82% of European financial services investors state that the gender diversity in boardrooms has a significant influence on their decision to invest, compared to just 6% who say it does not influence their decision at all.
Romanian executives for the July-September period expect prices to go up in constructions and retail, in parallel with an increase in employee numbers and activity, in line with a survey by the country’s statistics board INS.
OMV Petrom, Romania’s sole oil and gas producer, reported RON537 million losses for the second quarter of 2023, compared with a net result of RON2.9 billion in the year-earlier period, amid solidarity taxes.
Builder Concelex of Bucharest, owned by Daniel Piturlea, has started a series of investments in company digitalization in a bid to make activities faster and more efficient though the market context is challenging at this moment.
Airbag manufacturer TRW Automotive Safety Systems, part of Germany’s ZF Group, had a net profit of RON61.1 million (EUR12.4 million) in 2022, up 10.5% from RON55.3 million (EUR11.3 million) reported in 2021, in line with publicly available data.
Belgium’s Carmeuse Holding, which owns three factories producing lime on the local market, ended 2022 with a turnover of RON318.9 million (EUR64.7 million), up 38% from RON230.5 million (EUR46.8 million) reported in 2021, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Pharmacy chain Farmacia Tei, one of the most dynamic businesses in Romania, controlled by entrepreneur Roxana Maftei, ended the first half of 2023 with a 12% increase in turnover, according to company officials.
Software services and solutions provider NTT Data Romania saw a 135% surge in its net profit in 2022, which overshot he EUR250,000 threshold (RON1.2 million), in line with data released on the finance ministry website.
Update, 8:30 p.m.: The indicative price per share in this transaction ranges between RON17 and RON17.5 per unit. Thursday evening (July 27), the shares of Danube freight transporter Transport Trade Services (TTS.RO) closed at RON19.85. Therefore, the indicative price is 12% lower.
Raiffeisen Bank has announced in a stock market report on Thursday (July 27) that Ana Maria Mihaescu submitted her resignation from the position of independent member of the Supervisory Board, starting with August 1st, 2023.
Businessman Eusebiu Gutu has acquired the assets of the former insolvent chemical plant Nitroporos Fagaras, part of InterAgro Group, for EUR8.2 million.
Romanian state-owned lender CEC Bank announced that it completed the acquisition of a 99.993% ownership stake in the Rural Credit Guarantee Fund (FGCR) from BRD Groupe Societe Generale, Banca Comerciala Romana and Raiffeisen Bank.
Nestlé Romania, one of the largest players on the food and beverage market, saw a 19.2% organic sales growth across its ten product divisions, in the first half of 2023.
AQUILA Part Prod Com (AQ), market leader in integrated distribution and logistics services in Romania and the Republic of Moldova, will benefit from Market Maker services provided by Raiffeisen Bank International, starting August 7, 2023.
Romania's Finance Ministry raised RON798.8 million from banks on Thursday (July 27), selling government paper maturing in October 2028, at an annual average yield of 6.61%.
The district heating plant in the portfolio of insolvent company C.E.T. Arad has been sold for EU27.3 million, representing 90% of the market value, through open bidding.
The group of companies formed by OMV Petrom Marketing (OPM), OMV Hungária Ásványolj Kft/ OMV Hungária Kft. (OMV HU) and OMV Slovensko s.r.o (OMV SK) have received approval for a European funding contract with the European Executive Agency for Climate, Infrastructure and the Environment (CINEA) for the project "Accelerate the Central and East European Ultra-Fast Charging", with the support of the Ministry of Transport and the Ministry of Investments and European Projects.