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5 to go coffee shop network, founded in 2015, has reached 520 units after having opened around 100 new units this year, says Radu Savopol, co-founder of the concept.
Cargo Partner, the local subsidiary of the Austrian group of the same name, which provides road, rail, sea and air shipping services, will end 2023 with EUR70 million turnover, below last year’s level, and for 2024 expects turnover to be unchanged, according to the company’s officials.
Romaero Bucuresti (RORX.RO), a state-run strategic company for Romania’s aerospace and defense industry, on Friday notified the Bucharest Stock Exchange that it decided to file for insolvency with the Bucharest Court of Law.
Former finance minister and former Senate speaker in Romania Anca Dragu has been appointed governor of the National Bank of the Republic of Moldova. The decision was voted by 58 deputies, as deschide.md reported.
Nuclearelectrica, the only nuclear power producer in Romania, signed with the European Investment Bank (EIB) a loan agreement of EUR145 million to support completion of Europe’s first Tritium Removal Facility (CTRF) at the Cernavoda Nuclear Power Plant, the company said in a report to the Bucharest Stock Exchange.
The shareholders of private medical service provider MedLife (M.RO) on Friday approved during an Extraordinary General Meeting the authorization of the company’s Board of Directors to negotiate with Banca Comerciala Romana as arranger and other lenders that are syndicate members the terms and conditions to extend the credit limit of EUR228 million taken out last year with an additional amount up to EUR50 million.
Transilvania Broker de Asigurare (TBK.RO), one of the largest insurance brokers in Romania, announced a change in its executive management team, as Gabriel Loghin, the current general manager and legal representative of the company, decided to step down as of February 1, 2024 to “contribute more significantly to the company's strategic direction and the implementation of new projects, based on the administrator's mandate entrusted by the General Meeting of Shareholders.”
Financial analysts with CFA Romania association says the public budget deficit expected for this year will be 5.7% of GDP and will reach 5.2% in 2024.
Sweets are an essential item of holidays in the homes of Romanians and Bulgarians, reveals a report by Colliers based on a survey among respondents of Romania, Bulgaria, Czechia, Hungary and Slovakia (CEE-6).
HiSky airline plans to start operating Bucharest-New York flights in June 2024, with this being the first time in recent years that transatlantic flights exist in Romania.
Private hospital Sanconfind of Campina, opened in 2015, will end 2023 with RON28-29 million, from RON24 million in the previous year.
Romania's state-run natural gas transmission company Transgaz (TGN.RO) wants to borrow EUR350 million from banks for natural gas infrastructure projects and therefore plans to resort to the services of a loan arranger.
Five-star Radisson Blu in the city of Cluj-Napoca, developed by Winners Park Invest and opened in June 2022, will end 2023 with a turnover of EUR7.3 million-EUR7.4 million, in line with the projected level, and it has started the construction of the foundation for a new hotel wing.
Real estate investment trust Star Residence Invest (REIT.RO), established by real estate developer Impact (IMP.RO), has informed the local capital market in a report about the purchase of a 25,024-sqm land in Bucharest, on Dec 20.
The net assets of the 248 domestic and foreign open-end and closed-end investment funds operating in Romania grew by 2.1% in November 2023 up to RON39.5 billion (EUR7.9 billion), but fell by 14% since the beginning of 2023, in line with the latest data from the Association of Fund Managers (AAF).
Cathedral Group, based in Buzau and held by Romanian entrepreneur Alin Zamfira, is joining the shareholding structure of Abatorul Peris, with an ownership stake of 40%, in exchange for three meat processing and commercialization units.
The combined installed power of photovoltaic panels owned by prosumers was 1,300 MW at the end of October 2023 and, according to Romania's National Energy Regulatory Authority (ANRE), it is expected to reach 1,500 MW by the end of 2023.
Romania's Finance Ministry raised RON572.5 million from banks on Thursday (December 21) selling bonds with a nominal value of RON400 million due in July 2034, at an annual average yield of 6.35%.
Polish-held retailer Żabka, one of the largest grocery retailers in Poland, is entering the Romanian market with the acquisition of the majority stake in distribution company DRIM Daniel Distributie FMCG. The deal will be completed once all regulatory requirements have been met.
Data from the country's statistics board INS provided on December 21, 2023 show that Romania has high prices for the arable land.21145 items