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Total average income per household in Romania rose by 12.1% in the first quarter of 2023 vs the same period of last year, to RON6,979/month, namely RON2,797 per person, up 13%, in line with data from the country’s statistic board INS.
Spark Car Sharing, the company behind the biggest player on Romania’s car sharing market, in 2022 posted RON10.1 million turnover, up 55% from the previous year, in line with Finance Ministry data.
Aaylex One, an integrated business that includes poultry brand Cocorico in its portfolio, ended 2022 with RON 1.1 billion turnover, up 35% from 2021, in line with ZF calculations based on public data.
Viterra Romania, the former Glencore, ended 2022 with RON4.87 billion turnover, up 40% from 2021, in line with ZF calculations based on public data.
Local retailer La Cocos, controlled by entrepreneur Iulian Nica, in 2022 boosted its turnover by around 30%, twice as fast as inflation, with the company’s sales reaching RON713 million.
Telecommunications operator Digi Communications (DIGI.RO) has called shareholders for August 18, 2023, to discuss, among others, the distribution of a RON1 gross dividend per share, which, based on the current trading price, would give investors a 2.9% yield.
Banca Transilvania’s (TLV.RO) chief financial officer George-Razvan Calinescu made ten transactions during which he sold Banca Transilvania shares at prices between RON21 and RON21.56 each on July 5, Bucharest Stock Exchange data show.
A multijurisdictional team of Clifford Chance lawyers from the Bucharest, London and Frankfurt offices, coordinated by Madalina Rachieru-Postolache (partner in the global Capital Markets practice), has advised the underwriters in connection with Hidroelectrica's listing, the law firm said in a press release.
Law firm RTPR assisted Piletilevi Group in buying the majority stake in Departamentul Logistic Event SRL, owner of ticket sales website bilete.ro.
Romania’s statistics board INS upwardly reviewed the country’s economic growth for the first quarter of 2023 against the fourth quarter of 2022, to 0.2%, from 0.1% in June, but also against the first quarter of 2022, to 2.4%, from 2.3%.
Romania’s fintech startup Key Way Group, which has developed a trading platform for CFDs under CAPEX.com brand, has acquired WiredMarket.com broker of Greece, thus marking its first acquisition and arrival on the Greek market.
Stay Fit Gym, Romania’s second largest fitness center chain, is stepping up expansion and wants to reach 55 units by end-2025, almost double the initial plan, which will entail investments of around EUR25-30 million in 2023 and the next two years, explained Alexandru Lascar, the company’s CEO.
Furniture maker Iris Service Ciuc, controlled by entrepreneur Negru Petru, for 2022 reported turnover worth RON175.8 million (EUR35.7 million), up 22.3% from 2021.
Farmaceutica Remedia plans to invest in drug distribution in 2023, with space expansion and automation on the objectives list.
Cotroceni Park, the company via which the revenues of Bucharest’s AFI Cotroceni mall are reported, in 2022 posted turnover worth RON331 million, a new record high. Against 2021, the result is 58% higher. However, the company stayed in the red, with a RON31.4 million negative result.
APC Universal Partner, a company owned by entrepreneur Lehel Andras, has acquired the brand of Ambient building materials stores of the company of the same name that entered bankruptcy.
Piletilevi Group, the largest and best-known ticket sales platform in the Baltic states, is acquiring a majority stake in Bilete.ro, Romania's oldest and leading ticket sales company with a 30 percent market share, the Group said in a press statement.
Romania's Finance Ministry raised RON566 million from banks on Thursday (July 6), selling government paper maturing in 2030, at an annual average yield of 6.74%.
Romania's Competition Council has launched an investigation into possible antitrust violations on the voucher issuing and selling market by the companies Edenred Romania, Sodexo Pass Romania and Up Romania, the authority announced on Thursday (July 6).
The Bucharest Stock Exchange approved the procedure for including Hidroelectrica’s shares in its indices during the extraordinary meeting of the Indices Commission on July 6, 2023, starting with the first trading day of the company’s shares on the stock market.19075 items