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PC Garage, the company managing one of the largest online computer and electronics stores in Romania, part of eMAG group, for 2022 reported net turnover of RON319 million (EUR64.8 million), slightly down from 2021.
Restaurant and club group Fratelli, launched on the market 18 years ago, has for 2023 budgeted RON85 million turnover, up 8% on the year, and RON10 million profit.
Cosmetics retailer Douglas will open three new stores by yearend, cementing its footprint in some cities it is already active in, such as Arad and Craiova, but also launch in a new city, Alba Iulia.
Farmec Cluj, Romania’s biggest cosmetics maker, has budgeted RON13 million investments for 2023, mainly aimed at production, but also at own retail.
Netherland’s Versuni group, the former Philips Domestic Appliances, will invest RON75 million this year to develop the plant of Orastie, Hunedoara, where the company mainly produces coffee machines.
The second day of the initial public offering of the electricity producer Hidroelectrica (H2O.RO) on the Bucharest Stock Exchange ended with higher subscriptions from retail investors than in the first day of the offering, June 23, Ziarul Financiar has found.
Romania's Finance Ministry raised RON942.5 million from banks on Monday (June 26), selling government paper in two auctions, at an annual average yield of 6.49% and 6.66%.
Raiffeisen Bank Romania’s leasing unit Raiffeisen Leasing has appointed Radu Ciocoiu chief executive officer. In his new role, he will supervise strategy and continued development of the leasing operations on the Romanian market, the company announced.
The insurance market reached a volume of gross written premiums of RON4.74 billion in the first three months of 2023, an increase of only 2% compared with the same period last year, the Financial Supervisory Authority said in its report on the insurance market in the first quarter of 2023.
Private lending in Romania grew by nearly 7.9% in May 2023 versus May 2022 to RON372.3 billion, as local currency lending was almost flat, increasing by merely 0.2% year on year and foreign currency lending increased by 28.2%, central bank data showed on Monday.
IT group Bittnet (BNET.RO) successfully completed the first corporate bond public offering in the history of the Romanian capital market, the group said in a news release.
Coca-Cola HBC, the biggest player on the soft drinks market, is set to establish its headquarters in Globalworth Campus B building starting spring 2024, after it signed a ten-year leasing contract for 4,500 square meters of office space.
Mediapost Hit Mail, an integrator of direct marketing services, held by a division of France’s postal service company, has taken over a 75% stake in White Image, the main player on Romania’s email marketing market.
Swiss digital game developer Miniclip, backed by Chinese giant Tencent, this spring acquired a further 8% in local game developer Green Horse Games, in which it had become a majority stakeholder in 2021.
Somarest Sibiu, part of LVMH group, the world’s leading luxury industry player, for 2022 reported turnover of RON282 million (EUR57.2 million), up 20.5% from 2021, in line with ZF calculations based on Finance Ministry data.
Procema RWP, a construction materials manufacturer controlled by entrepreneur Sorin Creteanu, in 2022 generated turnover worth RON719 million, up 45% from the previous year.
Dr. Max Romania group in 2022 reached turnover worth RON8.9 billion (around EUR1.8 billion), after a 26% increase on the year.
Aramis Invest, the biggest furniture producer in Romania, controlled by local entrepreneurs Vladimir Iacob and Marius Selescu, in 2022 generated turnover worth RON2,085 billion (EUR423 million), up 28% from 2021, in line with ZF calculations based on Finance Ministry data.
German-held builder Geiger Transilvania saw its turnover slip by 5% in 2022, to RON224 million. However, profit went up by 40% to RON25.4 million, while the number of employees dropped by eight, to 426.
E-INFRA group, controlled by businessman Teofil Muresan, expects RON3 billion consolidated turnover, RON400 million net profit in 2023.19075 items