ZF English
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http://www.zfenglish.com
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ZF English - 10:50 Feb 23, 2024
US-held Uber, which operates one of the largest mobility platforms worldwide, on Thursday announced the launch of UberX Share service in Romania, in Bucharest, at the same time as in Poland, Warsaw and Sweden, Stockholm. -
ZF English - 10:21 Feb 23, 2024
Fashion discount store chain Pepco, Romania's leading fashion retailer by sales in 2022, according to the latest public data, could end the year with 500 stores in the country if it continues expansion at the same pace. -
ZF English - 10:08 Feb 23, 2024
German-held retailer Kaufland has opened its fifth store in Constanta, bringing its network to 175 stores in Romania. -
ZF English - 09:53 Feb 23, 2024
Blankfactor, a global provider of technology and end-to-end digital transformation services for financial services, has leased the 35th floor of the SkyTower building in Bucharest, the tallest office building in Romania. -
ZF English - 09:41 Feb 23, 2024
Fashion group C&A, which has over 1,300 stores in 17 countries around the world, is still working with only five partner factories in Romania that make clothes for the Dutch brand. The number has steadily declined, from around 40 in 2016, to 20 production facilities in 2019, to eight the following year and five today. -
ZF English - 09:15 Feb 23, 2024
Nestlé Romania posted organic growth in sales of 18.8% in 2023 compared with the previous year, the company said. -
ZF English - 08:44 Feb 23, 2024
Transilvania Broker de Asigurare (TBK.RO), one of the largest insurance brokers in Romania, ended 2023 with a net profit of RON7.6 million, down 34.3% compared with 2022, on operating revenue of RON111 million, down14.5%, its preliminary 2023 financial report shows. -
ZF English - 08:18 Feb 23, 2024
Danube freight carrier Transport Trade Services (TTS.RO), on Thursday notified the Bucharest Stock Exchange about its management having approved the start of the 2024-2025 buyback program on February 26, which will see the company repurchase 420,000 shares or 0.7% of its share capital. -
ZF English - 18:01 Feb 22, 2024
Romania's Finance Ministry raised RON340 million from banks on Thursday (February 22, 2024), selling benchmark bonds with a scheduled value of RON200 million due in February 2038, at an annual average yield of 6.57%. -
ZF English - 17:54 Feb 22, 2024
Technology startups from Romania, the Republic of Moldova, Serbia, Croatia, Slovenia and Bulgaria will be able to get funding through GapMinder Fund II, the EUR80 million investment vehicle launched by GapMinder Ventures, the venture capital fund management company that invests in technology startups created in Romania and Eastern Europe, on February 14. -
ZF English - 17:05 Feb 22, 2024
Active Plus, a fund managed by Swiss Capital Asset Management, has reduced its stake in investment fund Lion Capital (LION.RO) from 5.12% to 0.19%, Lion said in a report to the Bucharest Stock Exchange (BVB.RO). -
ZF English - 11:37 Feb 22, 2024
Telekom Romania Mobile (TKRM), the fourth mobile telephony operator in Romania, posted EUR77.5 million revenue in the fourth quarter of 2023, up 6.2% year-on-year, mainly reflecting the sharp increase in other revenue due to revenue recognition of ICT projects in the quarter, the operator’s owner, Greece’s OTE, said in financial results report. -
ZF English - 09:23 Feb 22, 2024
DRUID AI, the tech startup founded by entrepreneur Liviu Dragan in 2018, in 2023 registered annual recurrent revenues worth $13 million. -
ZF English - 09:15 Feb 22, 2024
Deals with commercial real estate assets worth above EUR600 million are currently under advanced negotiations, so that the volume traded in 2023 is likely to be matched in the first half of the current year, in line with data released by real estate consultancy Cushman & Wakefield Echinox. -
ZF English - 08:31 Feb 22, 2024
Tech company 2Performant Network, the biggest player on Romania’s affiliated marketing market, reported net profit of RON869,432 at the end of 2023, vs RON258,454 profit in 2022. -
ZF English - 07:58 Feb 22, 2024
Raiffeisen Bank Romania in 2023 posted income worth RON3.7 billion, up 16%, and net profit worth RON1.7 billion, 39% higher than in 2022. -
ZF English - 07:42 Feb 22, 2024
Turkey’s Karsan Otomotiv Sanayi Ve Ticaret A.S. has gained a contract worth RON64.2 million (around EUR13 million) with Satu Mare city hall for the delivery of 17 electric buses and the associated charging stations. -
ZF English - 07:34 Feb 22, 2024
Victor Stinga, the interim CFO of Revolut, said the fintech wants to launch mortgages and savings accounts as a rising number of European clients, including Romanian ones, are starting to see Revolut as a main banking account, an alternative to traditional banks or a service that is complementary to them. -
ZF English - 07:24 Feb 22, 2024
Belor Romania Societate pe Actiuni, headquartered in Galati, part of German group Belor, expects EUR48 million turnover in 2024, lower than in 2023, when it generated EUR54 million. -
ZF English - 07:19 Feb 22, 2024
Road freight carrier Trans SESE, headquartered in Cluj-Napoca, the local subsidiary of Spanish group SESE, currently has 300 jobs available for truck drivers.
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