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Approximately 65% of the furniture sold by Mobexpert, the main Romanian furniture manufacturer and retailer, is now produced in Romanian factories, compared with 50% before the pandemic, a time that brought with it a change in strategy for the company, Mobexpert CEO Adelina Badea told Ziarul Financiar in an interview.
Corrugated cardboard manufacturer Vrancart Adjud (VNC.RO) announced in a stock market report on Monday (April 1) that Nicolae-Paul Dumitrescu's mandate of general manager ended on March 31, 2024.
Ever since 2019, Romania has been in a complicated budgetary context and a balanced approach from the authorities is needed to ensure the assumed deficit for 2024.
Raiffeisen Bank, one of the largest banks in Romania, on Monday evening announced Romania’s central bank had approved the proposal voted by the Raiffeisen shareholders for the new Supervisory Board member.
RetuRO, the administrator of the Deposit Return System (DRS) in Romania, the largest circular economy project in Romania, is opening its third regional center for DRS packaging collection, located within the VGP logistics park, in the county of Brasov.
Real estate developer Impact Developer & Contractor (IMP.RO) is listing a new issue of corporate bonds (IMP27E.RO), worth EUR3 million, on the Bucharest Stock Exchange on Tuesday, April 2.
Belgium's industrial and logistics space developer WDP has acquired from ARA Europe and businessman Gheorghe Iaciu the Expo Market Doraly project, the longest-standing and most successful wholesale, cash & carry, and retail commercial park in Romania.
Romania's Finance Ministry raised RON1.93 billion from banks on Monday (April 1), selling government paper in two auctions, at annual average yields of 6.01% and 6.37%, respectively.
US lingerie brand Victoria’s Secret is expanding its presence in Romania with a new store opening in capital city Bucharest, within the Mega Mall shopping center, reaching three units on the local market, all located in the capital city.
Edenred will be launching, for the first time, virtual cards for the Meal Card, Holiday Card, Cultural Card, and Gift Card products.
Romania's foreign exchange reserves stood at EUR64.2 billion at end-March 2024, higher by EUR1.15 billion compared to EUR63.1 billion on February 29, 2024, central bank data showed on Monday (April 1, 2024).
The annual average job vacancy rate was 0.78% in 2023, decreasing by 0.12 percentage points against the previous year, data from Romania's statistics board INS showed on Monday (April 1, 2024).
The year kicked off on a cautiously optimistic note, marked by a selective thaw following a quieter period. The Americas and EMEIA IPO markets had a bright start in 2024, increasing global proceeds, according to the EY Global IPO Trends Q1 2024.
The quite gloomy economic outlooks at European level have raised the alarm level in the Romanian economy as well and part of large companies, particularly those with export operations, have resorted to preventive business restructuring in a bid to curb exposure to a possible negative financial impact, shows an analysis carried out by Sierra Quadrant.
Rating agency Moody’s estimates Romania economy will grow by 3% in 2024 and 3.5% in 2025, supported by consumption, but also by public and private investment, while the government will further face high fiscal and current account gaps, reveals a periodic report on the local market.
Danone Romania, leader of the yoghurt market, has finalized, together with its partners, a EUR7 million investment meant to support small farmers of Zimnicea, who deliver the milk they produce to the Bucharest yoghurt plant.
2B Intelligent Soft (BENTO.RO), a Romanian entrepreneurial company specializing in development and implementation of software solutions and the provision of IT and Cloud infrastructure services, said in a stock market report on March 29 that it expects a turnover of RON68.9 million in 2024, up 60% against 2023, and net profit of RON15.3 million, up 17% from 2023.
Romanian engine manufacturer Uzina Constructoare de Masini (UCM) Resita reported net loss of RON12.2 million for 2023, compared to profit of RON429 million in 2022, according to the financial report published at the Bucharest Stock Exchange.
The Europa Hotel, which is located in the Eforie Nord seaside resort and is held by the company ANA Hotels, was renovated following an investment worth over EUR14 million and is due to open on April 16, 2024.
DN AGRAR Group (DN.RO), the largest integrated livestock farm in Romania, with cow milk production and vegetable production, ended 2023 with net profit of RON23 million, up 63% on the year.19058 items