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Coffee shop network 5 to go is opening, starting June, three regional franchise offices, in Iasi, Cluj and Timisoara, in a bid to boost the brand’s footprint nationwide.
FintechOS, one of the best-known tech startups launched in Romania, a tech provider for banks, insurers, lending institutions and financial services companies, has completed an A-series investment round worth $60 million led by Molten Ventured, Cipio Partners and BlackRock, together with existing investors EarlyBird VC, OTB VC and Gapminder VC.
Dentons has advised the Joint Global Coordinators and Joint Bookrunners on Premier Energy PLC’s initial public offering (IPO) and listing on the Bucharest Stock Exchange.
The Board of Directors of Agroland Business System, a group that owns the largest network of agricultural stores in Romania, has convened shareholders to vote on July 1 on the acquisition of two machineries for Mihailesti poultry platform at the price of EUR3.8 million.
The cost of living remains the top concern for young Romanians (43% of Millennials and 29% of Gen Zs), but the share is slightly lower compared to 44% of Millennials and 33% of Gen Zs, respectively, in 2023, as per Deloitte Global Gen Z and Millennial Survey 2024, conducted in 44 countries, including Romania.
Patria Credit IFN, a non-banking institution owned by Patria Bank Group, which funds farmers and farming micro-enterprises, in 2023 posted RON8.54 million net profit, up 44%.
Dutch group Damen Shipyards, which owns 49% in Damen Shipyards Mangalia SA, has requested the bankruptcy of the shipyard amid accumulated debts, with the petition filed at the Constanta Tribunal.
Rapotan family, which founded building materials wholesaler Arabesque and store network MatHaus, ended 2023 with RON2.5 billion turnover, down 8% from 2022.
French-held Carrefour Group posted RON17.6 billion consolidated revenue in Romania in 2023, 52% higher than in 2022, ZF has calculated based on data provided by the retailer.
Drug wholesaler Alliance Healthcare, formerly known as under the Farmexpert, the third largest medicine distributor on the local market, ended 2023 with a turnover of over RON4.8 billion, up 6% from 2022.
Electroplast Bistrita, which has been operating in the field of electrical cable manufacturing for over 30 years, reported a turnover of RON155.9 million (EUR31.5 million) for 2023, up 16.4% from 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Cargus, one of the biggest actors on the parcel delivery market in Romania, has overshot the RON500 million revenue mark for the first time ever. Last year, it posted RON508 million revenue, an 8% increase year-on-year, the data the company provided show.
During the first year since the launch of sales at One Lake District until the release of the present report, a total of 620 apartments and related parking spaces have been pre-sold to clients, amounting to 80% of the units available at Phase 1, the management of real estate developer One United Properties informed the market on May 29.
Rompetrol Rafinare (RRC.RO), member company of the KMG International Group (Rompetrol), has introduced two modern reactors into the operational flow of the Petromidia refinery, part of the Middle Distillate Hydrotreating (HDV) unit, which will reach optimal operational parameters in the shortest time possible, company representatives said in a stock market report.
Austrian-held insurer Vienna Insurance Group (VIG), which owns Omniasig, Asirom and BCR Asigurari de Viata in Romania, reported gross written premiums of nearly EUR4.3 billion for the first quarter of 2024, higher by 11% than in the same period of 2022.
Revolut Business and Meridian Taxi have entered into a partnership whereby the urban mobility service provider will equip its fleet of 1,000 vehicles with Revolut Reader payment terminals, Revolut representatives said in a statement.
Raiffeisen Bank will be inaugurating Raiffeisen Tech, the new finance and banking tech and software development center in Romania, on July 1, 2024, the parent group informed in a release on Wednesday (May 29).
Hidroelectrica (H2O.RO), the largest electricity producer in Romania and the largest company listed on the Bucharest Stock Exchange, has proposed a revision of the budgeted figures for 2024 to its shareholders, who will convene for a meeting on June 28.
Filip & Company team has assisted Banca Transilvania Group in the acquisition of BRD Pensii, a Societe Generale group company that manages a mandatory private pension fund (Pillar II) and a voluntary pension fund (Pillar III).
The average monthly budget allocated by companies in Romania for extra-salary benefits has reached almost RON800 per employee, according to the Benefit study conducted by Edenred Romania, which analyzes the evolution and current trends in the extra-salary benefits industry in Romania.19029 items