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Princeton Investments SRL, equally held by Vasile Adrian Viman (former Kaufland Romania CEO) and Claudiu Viman, according to termene.ro, reported overshooting the 5% stake mark in BRK Financial Group (BRK.RO) to the Bucharest Stock Exchange.
International law firm CMS has advised Alcedo SRL (Alcedo), a subsidiary of the Japanese conglomerate Sumitomo Group, on the acquisition of Naturevo, a Romanian distributor of agricultural materials.
Romania’s Grigore T. Popa University of Medicine and Pharmacy of Iasi (UMF Iasi) is borrowing EUR35.4 milion from the European Investment Bank (EIB) to refurbish and upgrade campus buildings.
Rompetrol Rafinare (RRC.RO), a member of the KMG International Group (Rompetrol), has retooled the hydrogen power plant (HPP) in the Petromidia refinery, following an about $10 million investment, the company said in a report to the Bucharest Stock Exchange.
German-held discount retailer Lidl, the leader of the modern retail in Romania by sales, almost RON22 billion in 2023, will have a new chief executive officer as of September, José Alberto Chueca Val.
Private lending in Romania rose in May 2024 by 5.7% from the year-earlier period, to RON393.5 billion, after local currency loans posted a 7.6% increase and foreign currency ones a 1.6% advance, in line with BNR data.
Consulting company Premier Hospitality is taking over the management of Ramada hotel of Sibiu, in a lease-type system for a 20-year period.
Fiber optic cable producer Romcab Targu Mures has announced Austrian group Meinhart Kabel Oestereich GmbH filed a bankruptcy request against the company with Mures Specialized Tribunal.
International fashion retailer Primark will open a store in Iulius Town, the mixed-use complex developed by Iulius in Timisoara, on August 7.
FF Ventures, an independent power producer of Spain, has arrived on Romania’s market, where it will develop, in the next three years, 500 MW of solar projects and 500 MW of energy storage ones.
Romania’s two car plants, Automobile Dacia and Ford Otosan, in the first five months of 2024 churned out 246,346 units, up 8% from the year-earlier period, in line with data provided by the country’s carmakers association ACAROM.
Intrarom, an IT&C solution integrator and telecom equipment producer, in 2023 posted higher turnover, but its net profit and headcount shrank.
Faurecia Romania, the local subsidiary of French giant Faurecia, for 2023 reported turnover worth RON1.6 billion (EUR324.8 million), 23.5% higher than in 2022, in line with ZF calculations based on Finance Ministry data.
Upholstered furniture manufacturer Polipol, owned by the German group of the same name, in 2023 generated net profit of RON10.2 million (over EUR2 million), 2.5 times higher than in 2022.
Beko Romania, the former Arctic, the largest electrical home appliances producer locally, for 2023 reported turnover worth RON3.4 billion (EUR685 million), around 10% lower than in 2022. However, the company switched to profit, of RON96 million (EUR20 million), after two years in the red.
Myosotis brand, which has 146 pharmacies across several counties, reached RON385 million turnover in 2023, a figure comprising three companies the pharma retailer operates.
Restart Energy One, one of the main independent suppliers of electricity and renewable power for household and small business customers in Romania, has announced it raised EUR3.35 million from its bond sale via a private placement.
The Government has approved the law on setting the EU adequate minimum wage. The bill will go to Romania’s Parliament next for expedited adoption, the Labor Ministry said.
Wizz Air will relocate the flights from Bucharest to Seville, Madrid and Malaga temporarily from the Otopeni Airport to the Aurel Vlaicu (Baneasa) International Airport between July 9 and September 23, the airline announced.
Alu Menziken, a company part of Montana group founded by Austrian entrepreneur Michael Tojner, has been acquired by Chinese group Inner Mongolia Mengtai Group Co., Ltd., in line with an announcement made by law firm Nestor Nestor Diculescu Kingston Petersen (NNDKP), which was part of the international lawyer team that assisted the Chinese group in the deal.19512 items