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Geological prospecting company Prospectiuni Bucuresti, majority owned by businessman Ovidiu Tender, targets a gross profit of RON28.2 million in 2023, up 71% from the gross result of RON10.4 million reported in 2022, and a turnover of RON234.1 million, up 54.7% versus 2022.
Porcelain products manufacturer and Ikea supplier switched loss in 2022, reporting a negative result of RON12.1 million (EUR2.4 million), from a net profit of RON6.1 million (EUR1.2 million) in 2021, as per data publicly available.
Solina Romania, the former Supremia Grup, one of Romania’s biggest makers of food ingredients and spices, ended 2022 with a turnover of nearly RON197.7 million (EUR40 million), up 33.7% on the year, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Ursus Breweries, the beer market leader, posted RON2.279 billion (about EUR462 million) revenue in 2022, up more than 6% from the previous year, Finance Ministry data show.
The largest actor in Romania’s economy is OMV Petrom (SNP.RO), which posted RON55 billion revenue in 2022, an increase of 137% year-on-year, followed by a company of the same group, OMV Petrom Marketing, which operates about 600 Petrom and OMV gas stations, and generated RON27 billion revenue.
Electronics retailer Flanco has been using since April 2023 its own car fleet for deliveries in capital city Bucharest and its surrounding Ilfov County, respectively eight vehicles with two couriers each.
Romania’s industrial sales (on the domestic and external markets) declined 16.3% in nominal terms in April 2023 compared to March 2023 and by 3% versus April 2022, data from the country’s statistical office INS showed on Thursday (June 15).
Romania's new coalition government, led by social democratic Prime Minister Marcel Ciolacu, on Thursday (June 15) received the Parliament's endorsement with 290 votes in favor to 95 against, surpassing the minimum requirement of 233 votes for approval.
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) saw a decline of 18%, in nominal terms, in April 2023 compared to March 2023, and of 0.7% compared to April 2022, data from the country's statistics board INS showed on Thursday (June 15).
The legislation for authorizing the construction of renewable energy projects has seen a new amendment aimed at creating common authorization conditions for projects built in and outside urban areas, as per an analysis by law firm PeliPartners.
Enel X Way Romania, part of Enel X Way, a company of the Enel Group dedicated to electric mobility, collaborates with retailer PENNY for the installation of a network of 64 charging stations for electric vehicles, representing a total of 128 charging points.
Deloitte Romania opens application for the 24th edition of the Technology Fast 50 Central Europe competition, addressed to large and small local companies in the technology sector, public and private, which register accelerated growth.
Romania's final electricity consumption fell by 7.7% year-over-year in January-April 2023, considering that electricity consumption in the local economy fell by 5.4%, household consumption plunged by 13.8%, and public lighting by 16.3%, data from the country's statistical office INS showed on Thursday (June 15).
Grup Serban Holding, a Romanian entrepreneurial company active in several farming segments, has invested RON5 million in the acquisition of an Angus cattle farm in Sascut, Bacau county.
Online retailer DY Fashion, founded 11 years ago by local entrepreneurs Irina and Dragos Aipu, bets on 15% turnover growth this year as the business already expanded by around 15-20% in early 2023.
Romanian massage chair retailer Komoder has started an investment worth EUR3.2 million in a 5,200-sqm multifunction space that will include 4,000 square meters of logistic spaces and 1,200 square meters of offices, explained Adrian Rus, CEO and founder of the company.
Fast-food restaurant chain Mesopotamia has budgeted investments worth RON25 million for 2023, slightly down from last year.
Software company BlueTweak, set up in 2022 and spun off from business process outsourcing company Conectys, aims to reach the EUR2 million sales threshold at end-2023 and double its team of specialists, said Andrei Ghiorghiu, the company’s CEO.
Household appliances manufacturer Electrolux Romania, the local subsidiary of Swedish group Electrolux, posted about RON883.9 million (EUR179.2 million) revenue in 2022, down 18% from the RON1.080 billion (EUR219.5 million) of 2021, according to ZF calculations based on the Finance Ministry data.
Rio Bucovina, a distributor of non-alcoholic beverages and food products, part of the Polish group Maspex, posted RON143 million (EUR29 million) revenue in 2022, up 21% from the previous year, ZF has calculated from Finance Ministry data.19075 items