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EssilorLuxottica giant, which has recently acquired OPTIBlu and Optiplaza stores, is also investing in local production and building an integrated business on Romania’s optical market.
Türkiye-based Trendyol, which created a marketplace platform for fashion and other products that can be sold online, has grown to 500,000 customers and 3 million products sold in Romania in eight months since officially arriving on this market. The year-end target is to reach the one million customer mark.
The Board of Directors of nuclear power producer Nuclearelectrica (SNN.RO), the operator of the power plant in Cernavoda, has decided to extend the provisional mandate of Vasile Dascalu as Chief Financial Officer (CFO) for two more months, for the period between September 10, 2024 and November 10, 2024, the company announced in a stock market report.
Engineering and technology company Simtel Team (stock symbol: SMTL), the national leader in the field of renewable energy, reported consolidated operating revenue of RON98.1 million for the first half of 2024, down 20% year-over-year, and consolidated net profit of RON6 million, down 9% versus the same period of 2023.
The urban reconversion and regeneration project in Cluj-Napoca developed by Iulius on the former site of the Carbochim plant will be called Rivus, the group announced. It will have a total lettable area of 165,000 square meters, 145,000 square meters of which for the retail area and 15,000 square meters of office space.
Patria Bank (PBK.RO) announces completion of the implementation of the contract for the assignment of a RON97 milion (as of April 30) personal loan portfolio together with Poland’s Alior Bank, via its Romanian subsidiary, which relinquished the portfolio.
CPI Romania, part of CPI Property Group, has signed lease contracts for a total area of 41,500 square meters of office space, so far in 2024.
The number of real estate deals in Romania stood at 51,067 in August 2024, 5,954 fewer than in July 2024 and 8,358 fewer than in August 2023, data from the national cadaster agency ANCPI showed on Tuesday (Sept 10, 2024).
Romania's Competition Council has approved the transaction through which the company Affidea Development SRL plans to acquire MedEuropa SRL and MedEuropa Investiţii SRL.
Romania’s agricultural production was worth EUR16.6 billion in 2023, up 14% compared with 2022, with the country reporting the second highest increase in the value of agricultural production in the EU, after Portugal, and 6% of the value of the EU's agricultural production, as per European Commission data.
Corteva Agriscience, an international farming innovation company, has announced $800,000 investments in its Afumati production unit.
Cluj-based Agis Computer, one of the largest players on the local IT&C wholesale market, in 2023 registered turnover worth RON134.3 million (EUR27 million), down 3% from 2022.
Maribo Prodcarn, the producer of Marisan cold cuts, owned by Anghel family, for 2023 reported turnover worth RON135.3 million (EUR27.3 million), up 0.6% from 2022, in line with ZF calculations based on Finance Ministry data.
Transilvania Nuts, controlled by entrepreneurs Levente Bara and Alexandru Chiric, with operations in the field of walnut kernel processing, wants to invest EUR7 million to build a new plant in Ciugud, Alba county, next to its current plant.
Polish investment firm bValue is looking to invest in Romania in the coming period, allocating EUR20 million budget for companies in this country.
Norofert (NRF.RO), a producer of organic ffarm inputs and provider of biotechnology for agriculture in Romania, listed on the Bucharest Stock Exchange on the AeRO market, is expanding its operations in Brazil. Its plans are to start construction of a plant there in partnership with Engenutri Group, a leading agribusiness player with over 25 years of experience in providing plant nutrition and plant protection solutions.
Airbus aircraft parts maker Premium Aerotec, a company member of Airbus group, reported a turnover of RON457.9 million (EUR92.6 million) for 2023, up 20.1% from RON381 million (EUR77.3 million) turnover posted in 2022, in line with finance ministry data.
Home appliance component Maker Zoppas Industries, the local subsidiary of Italy's Zoppas Group, had a turnover of RON979.5 million (EUR198 million) in 2023, down 12.6% from RON1.121 billion (EUR227.3 million) in 2022, Ziarul Financiar (ZF) has calculated from finance ministry data.
Business solutions integrator TopTech, part of Bittnet System Group (stock symbol: BNET), has informed investors in a stock market report on Sept 9 about increasing the (revolving-overdraft ceiling) credit line contracted from BRD - Groupe Société Générale (BRD).
Romania's finance ministry on Monday (Sept 9) rejected all bids for government bonds maturing in April 2028, as it deemed the bid price unacceptable, central bank data showed.19522 items