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Construction company CON-A Operations in Sibiu, the main entity of the CON-A Group of entrepreneur Mircea Bulboaca, ended 2023 with about RON772.6 million (EUR156.2 million) revenue, an increase of 34.7% on the RON573.3 million (EUR116.2 million) of 2022, ZF has calculated from Finance Ministry data.
Sphera Franchise Group (stock symbol SFG), which manages KFC, Pizza Hut and Taco Bell restaurants of Romania, as well as KFC units of Italy and the Republic of Moldova, said in a stock market report on April 18 that it plans to distribute an additional dividend in 2024, similar to the one already proposed.
B.D.G. Import, the only Romanian-owned company in the top three imported spirits businesses in the country, announces the addition of the William Grant & Sons brands to its portfolio, starting April 2024.
Romania's Competition Council has approved the transaction whereby Emma Lambda Limited, Cyprus, intends to take over Stratum Energy Romania LLC, USA, together with Stratum Energy Romania LLC Wilmington, Bucharest branch and its subsidiaries, namely Stratum Construct RO S.R.L. Romania and Stratum Production Romania, LLC, USA.
Romania's Finance Ministry raised RON600.5 million from banks on Thursday (April 18, 2024) selling government bonds with a value of RON600 million due in 2030, at an annual average yield of 6.61%.
Banca Comerciala Romana (BCR) announces a new expansion of the George digital ecosystem through the launch of George SmartEU, a functionality that facilitates entrepreneurs’ access to complete information about financing programs through European or national funds.
Crosspoint Real Estate one of Romania’s leading real estate consulting agencies, has announced the recent appointment of Oana Popescu as Partner.
Logistics and transportation costs are the major challenges faced by Romanian online stores when selling products abroad, according to the latest survey by Packeta Romania, a global digital platform for e-commerce and a member of Packeta Group.
New car registrations in Romania declined by 10.1% in the first three months of 2024 against the same period of 2023, to 33,228 units, in line with data from the Romanian and European associations ACAROM and ACEA.
Swisspod Technologies, a Swiss-American start-up developing Hyperloop, an ultra-high-speed, emission-free, intercontinental transportation solution for passengers and cargo, announces a new EUR200,000 round on SeedBlink, as part of a total EUR7 million funding.
Premier Energy Group, which bought CEZ Vanzare in Romania and is a major player in renewable energy, announced its intention to launch an IPO at the Bucharest Stock Exchange and subsequently list on the Bucharest bourse.
Poultry Investment, a major player on Romania’s poultry market created by Oprea family and Hungarian group Hodler Capital, has budgeted EUR80 million turnover this year, up 23% on the year, banking on a production increase.
Romania had the highest annual inflation rate, of 6.7%, among European Union Member States, in March 2024, data from Eurostat, the statistical office of the European Union, showed on Wednesday (April 17).
Timisoara-based Elysian Software, a company specialized in the development, production, and distribution of computer software, reported a turnover of over RON8.4 million (nearly EUR1.7 million) in 2023, up 28% from 2022, and net profit of RON1.4 million (EUR285,000), up 50% from 2022, in line with finance ministry data.
The largest banks in Romania posted higher profits in 2023 compared with 2022, as lending and income increased. Profits were largely driven by the high interest rates and low risk costs and provisions.
GLS General Logistics Systems Romania, part of the group of the same name, held by UK’s Royal Mail, posted RON365.4 million (EUR73.9 million) revenue in 2023, up 5.5% compared with the previous year’s RON346.3 million (EUR70.2 million), according to ZF calculations based on Finance Ministry data.
Welded mesh manufacturer Intertranscom Impex ended 2023 with a turnover of RON1.24 billion (EUR251 million), down 32.5% compared to a turnover of nearly RON1.84 billion (EUR373 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on data on the finance ministry website.
Romania’s industrial sales (on the domestic and external markets) increased by 11.7% in nominal terms in February 2024 compared to January 2024 and by 8.2% versus February 2023, data from the country’s statistical office INS showed on Wednesday (April 17).
Maspex Romania, producer of such brands as Tymbark, Salatini, Bucovina and Arnos, ended 2023 with RON1.15 billion (EUR234 million) revenue, up more than 12% from the previous year, Finance Ministry data show.
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) increased by 6.5%, in nominal terms, in February 2024 compared to January 2024, and by 6.4% compared to February 2023, data from the country's statistics board INS showed on Wednesday (April 17).19058 items