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Sphera Franchise Group, the company that manages KFC, Taco Bell and Pizza Hut restaurants locally, plans to open new units, but expansion will not longer be as aggressive as in the past years.
Real estate investments reached EUR205.75 million in the first quarter of the year, 33% more than in the corresponding period of 2023. The most dynamic sector was retail, followed by hotel and industrial sectors, an analysis by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate alliance shows.
Eurowind Energy, a Danish renewable energy company, has signed a EUR65.33 million loan facility for the construction of a wind farm in Pecineaga, Constanta County, with a total capacity of 48 MW.
Romania had one of the government deficit to Gross Domestic Product ratios in the European Union in 2023, 6.6%, behind only Hungary and Italy, while its government debt to GDP ratio was lower than the EU average in the fourth quarter, despite having seen one of the highest annual increases, data from Eurostat, EU’s statistical office, published on Monday show.
Sameday, one of the largest parcel delivery companies in Romania, announces intent to buy Sprinter, a rival with an over 25-year presence on the Hungarian market.
Julius Meinl Living, which manages hotel properties in major European capitals, has completed the acquisition of the Ambasador Hotel in Bucharest.
Real estate developer on Friday approved a capital share increase by RON6.2 million to support the implementation of the stock option plan by issuing 31.2 million new shares with a nominal value of RON0.2.
Romania at the end of last year had 997 km of highway, 48 more than in 2022, which account for 5.6% of the national road network, National Statistics Institute data show.
Romanian company Romarg, specializing in web hosting and domain registration services, in 2023 registered turnover worth above RON20.6 million (EUR4.1 million), up 25% from 2022, while its net profit posted an even bigger growth, of 142%, to almost RON3 million (EUR600,000).
Carmen Pavel, head of travel agency J’Info Tours, one of the largest on the market, says she expects a 24% turnover increase this year, to EUR7.8 million.
Elmas Brasov, a Romanian producer of lifting equipment, ended 2023 with RON202 million turnover, 7% higher than in 2022, in line with ZF calculations based on Finance Ministry data.
Freight carrier Sorcani, controlled by entrepreneur Mircea Barbu and one of the most dynamic freight carriers locally, ended 2023 with RON88.4 million turnover, up 14% from 2022, and for 2024 expects a two-digit advance.
Shareholders of Aerostar Bacau (stock symbol ARS), a supplier of aerostructures, components, assemblies for hydraulic systems for global manufacturing programs, decided in the April 18 meeting to distribute RON32 million of the RON93 million net profit of 2023 as dividends.
A multidisciplinary team of lawyers from Reff & Asociatii | Deloitte Legal and financial and tax consultants from Deloitte Romania assisted the owners of Expo Market Doraly, Gheorghe Iaciu and the real estate investment fund ARA Europe, in the sale of the business park in its entirety to the Belgian real estate developer WDP, the second largest owner of industrial-logistic spaces in Romania, with a portfolio of almost 1.7 million square meters.
ROCA Agri RDF, the agricultural holding company of ROCA Investments, has appointed Bogdan Vlad chief executive officer, after the end of the term of interim CEO Alexandru Savin, who will continue to serve as senior investment manager with ROCA Investments
Romania ended 2023 with a 5.6% unemployment rate (455,600 people), about the same as in 2022 and 2021, as the employment rate for people aged 20-64 stood at a 68.7%, an increase of 0.2% year-on-year, National Statistics Institute (INS) data released on Friday show.
In February 2024, the volume of construction works increased, in unadjusted data, by 53.7% compared to January 2024 and was up 17.5% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed on Thursday (April 18).
Cluj-Napoca-based Alfa Software, specialized in the development and implementation of business software solutions, reported net profit of over RON6.6 million (EUR1.3 million) for 2023, up 44% from 2022, and a turnover of almost RON18 million (EUR3.6 million), up 31% from 2022, as per data provided by the finance ministry.
Melinda-Impex Instal, a plumbing and sanitary ware distributor in Odorheiu Secuiesc, is buying Dennymona MG and Arnew Den in Arad County, according to an announcement from the Competition Council, which greenlighted the dead. The two companies acquired sell heating products and sanitary ware and have RON26.6 million together.
The group of IT firms Arobs Transilvania Software (stock symbol AROBS) has informed the capital market regarding the decision of the Board of Directors of April 18 regarding the increase of the share capital with the amount of up to RON17.4 million.19058 items