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Romanians’ intention of buying a house in the next 12 months is close to the levels of the 2006-2008 period, before the global financial crisis, and the housing market started 2024 with a 19% increase in the number of deals with apartments in the first quarter, nationwide, reveals a recent analysis by Colliers based on Eurostat data.
Alexandrion group has launched a new vodka brand, Omu, named after Omu Peak in Romania.
OMV Petrom, Romania’s biggest company, has announced significant changes in its 2030 Strategy, a document published in 2021, with green transition project investments due to be stepped up.
ADA Fabrica de Mobila, a major local furniture producer, for 2023 reported turnover worth RON203.5 million (EUR41.2 million), up 3% from 2022, in line with ZF calculations based on Finance Ministry data.
DRI, the subsidiary of DTEK group owned by Ukrainian billionaire Rinat Akhmetov, has taken another step toward hitting the target of 1,000 MW in green energy projects in Romania by 2028.
Vel Pitar, Romania’s largest bakery producer, taken over last year by Mexican group Bimbo, has budgeted EUR20 million investments for this year in development and plans to add new product categories.
Sameday, one of the largest parcel delivery companies in Romania, has budgeted investments of RON150 million to increase its delivery capacity in Romania, Hungary and Bulgaria by expanding the out-of-home network.
Arad-based fuel supplier Smart Diesel ended 2023 with net profit of RON137.7 million (EUR27.8 million), almost three times higher than the net gain of RON47.8 million (EUR9.7 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Banca Transilvania (BSE:TLV), the largest credit institution in Romania, on June 26 will be distributing dividends worth RON1 billion from its 2023 record profit of RON3 billion, respectively a gross dividend of RON1.2521 per share.
Bucharest-based company Ingram Micro Distribution, part of US IT&C distribution group of the same name, had a net profit of RON8.9 million in 2023, up 58% on the year, in line with data available on the finance ministry website.
State-run Nuclearelectrica (SNN.RO), the operator of the Cernavoda nuclear power plant, is getting ready to amend its 2024 budget to reflect a 2% decline in revenue a 5% decline in profit estimates from the initial expectations due to a drop in electricity prices and the new legislative regulations.
The Gral Medical Group, created by the Serban family, will expand with four new centers in 2024 to add to the network of medical laboratories, medical clinics, collection centers and hospitals that the private operator has developed in recent years.
ibis Styles, the brand owned by French group by Accor, announced the opening of ibis Styles Venus, the first internationally branded hotel to debut on Romania’s Black Sea Coast.
OMV Petrom (SNP.RO) is calling shareholders for July 25 to approve, among others, the distribution of a RON0.03 gross special dividend per share or about RON1.9 billion in all, it said in a report to the Bucharest Stock Exchange on Tuesday.
This year, 37% of Romanians intend to go on holiday abroad and the most popular direction proved to be Greece; on the longest of foreign journeys, 1/3 plan to spend between EUR 201 – 600 per person, and 83% of Romanians travelers will pay by card, smartphone, or smartwatch once there.
Purcari (WINE.RO), one of the leading wine producers in Central and Eastern Europe, on Tuesday announced the appointment of Anatol Belibov as the new chief financial officer, effective July 1, 2024.
SMEs in Bulgaria, Croatia and Serbia now have access to a market tested and proven self-paced e-learning platform that aims to cover all the local business sustainability needs.
The European Investment Fund (EIF) is launching the Gender Smart Equity Investment Program, collaborating with national promotional institutions and regional partners to promote gender diversity in venture capital and private equity by empowering women in leadership roles.
Romania's Competition Council has launched an investigation into a possible price-fixing agreement between companies that provide archive services to citizens requesting the release of documents needed to recalculate pensions.
Romania had the highest annual inflation rate, of 5.8%, among European Union Member States, for the fifth consecutive month, in May 2024 compared to April 2024, data from Eurostat, the statistical office of the European Union, showed on Tuesday (June 18).21679 items