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Organic input producer Norofert Group has invested around RON17 million in the lab at Filipestii de Padure plant, after having decided three years ago it wanted to become a major player on the farming biotechnology market, explained Vlad Popescu, president of the board of directors, Norofert.
Bicycle manufacturer Eurosport DHS, held by Chinese and German investors, posted RON232.2 million (about EUR47 million) revenue in 2023, down 56.7% from the RON536.8 million (EUR108.8 million) in 2022, according to ZF calculations based on Finance Ministry data.
FAN Courier, the leader of the parcel delivery market in Romania, has finalized the extension of the warehouse in Stefanestii de Jos, where it is also headquartered, a EUR30 million investment that started last year.
Hidroelectrica (stock symbol: H2O), the largest electricity producer in Romania, has concluded a partnership with Politehnica University of Timisoara to support research, innovation and training of future generations of specialists in the field of hydropower and energy engineering.
Romania's Competition Council is assessing the transaction through which Volta Grup S.R.L. plans to acquire Electrotehno S.R.L.
IKEA Romania has appointed two market managers for its Baneasa and Pallady Bucharest stores, overseeing other customer meeting points across the country, such as the order pick-up points and the planning and order studio.
Over half (53%) of Romanians plan to go shopping this Black Friday, but, while most of them are set to spend at least RON500, the value is comparable to or even lower than in 2023 for 72% of consumers, according to a survey conducted countrywide at the initiative of tbi bank in October 2024, on a sample of 1,171 respondents.
Electrical cable manufacturer Electroplast is carrying out an investment project valued at over EUR9 million to retool Bistrita plant and expand its halls, in parallel with involvement in new rail infrastructure upgrading projects.
InterCapital Asset Management, an independent investment manager of Croatia, with EUR550 million worth of assets under management, wants to launch, by yearend, a new ETF at the Bucharest Stock Exchange, with exposure to Slovenia’s bourse.
Republic of Moldova’s largest lender Maib ended the first nine months of 2024 with net profit worth MDL 1,095 million, the equivalent of EUR56.9 million, up 10.9% from the year-earlier period.
Holding company Meta Estate Trust has announced the total exit from the boutique residential project developed by APX Immo Property in Bucharest’s Cotroceni area.
Eaton Electro Productie, the local subsidiary of US giant Eaton, which owns two plants in Maramures county where it manufactures electrical panels and metalwork, for 2023 reported turnover worth RON1.484 billion (EUR300 million), down 7.3% from 2022, in line with ZF calculations based on Finance Ministry data.
Cake shop chain Damarin is investing EUR500,000 in a chocolate product lab, a project that will allow the company to expand beyond Craiova. Bucharest is the first target.
Hotel company ARO Palace Brasov (stock symbol: ARO), controlled by alternative investment fund Transilvania Investments Alliance (stock symbol: TRANSI), has called shareholders for a meeting on December 9, 2024 to approve the company's business-plan and the financial projections related to operationalizing the objectives Mercure Brasov City Center and Hyatt Regency Aro Palace.
Europack Media, a Constanta-based manufacturer of wet wipes established by local entrepreneurs, will overshoot the RON100 million revenue mark this year, an increase of 30% on the previous year, its officials say.
Paval Holding, the special purpose vehicle of brothers Adrian and Dragos Paval, has made a new investment in shares on the Bucharest Stock Exchange (BVB.RO), ZF has found from bvb.ro data.
Distribution company Delgaz Grid, part of the E.ON group in Romania, on Nov 5 started modernization works at the Iasi Sud transformer station, a project worth a total of over RON73.3 million, of which over RON56.7 million represents European funding through the Modernization Fund.
Real estate developer One United Properties (stock symbol: ONE), the leading real estate investor and developer of sustainable residential, office and mixed-use projects in Romania, announces that Hikvision, a global manufacturer and supplier of video surveillance equipment for civilian and military purposes, has relocated its offices in the One Cotroceni Park project.
Romania's Competition Council has approved the transaction through which Azzurra Leaf Two S.r.l. plans to join the shareholding structure of Pasfin S.p.A., together with the Pasquini Family.
Telecom operator DIGI Communications (stock symbol: DIGI) has inaugurated its commercial operations in Portugal after two and a half years in which it has built and developed a modern fiber optic infrastructure and a national mobile network from scratch, using state-of-the-art technologies.19990 items