Grand Plaza Hotel, which manages the five-star Sheraton Hotel in Bucharest, ended last year with RON52.8 million revenue, an increase of 21% on the previous year and RON1 million net profit, Finance Ministry data show.
Stockday, the B2B e-commerce platform held by Coca-Cola HBC and Heineken Romania, ended 2023 with a turnover of RON577 million, up 8% versus 2022, as per finance ministry data.
Franke Romania, the local subsidiary of the Swiss group by the same name, has budgeted a turnover of RON54 million for 2024, up 10% from 2023, but slightly lower than in 2022.
Romania's energy minister Sebastian Burduja has signed 24 financing contracts worth RON68 million (EUR13.6 million), through the Modernization Fund, in order to support investments in new electricity production capacities from renewable sources for self-consumption for public entities.
Gabor Olajos, who previously held the position of Chief Operating Officer of Pluxee Bulgaria, will take over the role of Country Managing Director for Pluxee Romania and Bulgaria, starting July 22, 2024.
Romania's Competition Council has made several recommendations aimed at enhancing the accessibility of telemedicine services, thereby easing patient interaction with the healthcare system.
The Foreign Investors Council (FIC) says health, as the foundation of human capital, is essential for innovation, productivity and, therefore, for Romania’s sustainable economic growth.
Romania’s industrial sales (on the domestic and external markets) decreased by 8.5% in nominal terms in May 2024 compared to April 2024, and by 7.1% versus May 2023, data from the country’s statistical office INS showed on Wednesday (July 17).
OMV Petrom (SNP.RO), along with Austria’s OMV and Netherlands-based investment company ACB Participaties have become shareholders in EIT InnoEnergy, a European company that is an innovation engine in sustainable energy, topping up a 2023 private placement round of EUR140 million.
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) decreased by 3.6%, in nominal terms, in May 2024 compared to April 2024, and by 7.2% compared to May 2023, data from the country's statistics board INS showed on Wednesday (July 17).
Rompetrol Rafinare (RRC.RO), a KMG International Group (Rompetrol) member company, has recently finalized modernizing the Delayed Coking Unit (Cx) of the Petromidia refinery, following an almost $13 million investment.
The accelerated changes in companies and the much higher workload of the last 12 months have led Romanian employees to learn to use new technologies, according to the results of a PwC survey.
Romanian startup .lumen, which is on a mission to restore mobility to the blind and visually impaired, has opened a EUR5 million funding round, with EUR1 million available on the all-in-one equity management and investment platform SeedBlink, the company officials said in a statement.
ARKA Smart Parcel Lockers, which specializes in manufacturing advanced production lines for the automotive and aviation industries, as well as developing and manufacturing a range of solutions for the courier and postal industry, is to deliver 6,000 lockers to Austria, following the signing of a contract with Austrian Post.
Farmaceutica Remedia (RMAH.RO), one of the largest businesses in the local pharmaceutical market, is calling shareholders to vote on raising the cap of the credit facility from Banca Transilvania.
Italian-held Maschio Gaspardo, which produces farm machinery in Romania at its plant in Chisineu-Cris of Arad county, ended 2023 with a turnover of RON353.4 million (nearly EUR71.5 million), down 15.2% from RON417.1 million (nearly EUR84.6 million) turnover reported in 2022, Ziarul Financiar (ZF) daily has calculated from Finance Ministry data.
TotalSoft, one of the largest software developers in Romania, reported losses of RON652,000 (EUR0.13 million) for 2023, compared to net gain of over RON590,000 in 2022, in line with data published on the finance ministry website.
Airbag manufacturer TRW Automotive Safety Systems, part of Germany’s ZF Group, ended 2023 with a turnover of RON1.716 billion (EUR347 million), up nearly 0.6% from RON1.706 billion (almost EUR346 million) turnover reported in 2022, Ziarul Financiar (ZF) has calculated from Finance Ministry data.
Floorboard producer Barlinek Romania, the local subsidiary of Polish group Barlinek controlled by billionaire Michal Solowow, ended 2023 with a turnover of RON251.6 million (EUR50.9 million), down 14.2% from RON293.4 million (EUR59.5 million) turnover reported in 2022, in line with finance ministry data.
Elit, one of the largest cold cuts producers in Romania, part of China's Smithfield Group, for 2023 reported a turnover of RON790.5 million (EUR159.8 million), up 6.4% from RON742.8 million (EUR150.6 million) turnover reported in 2022, Ziarul Financiar (ZF) daily has calculated from Finance Ministry data.