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Online retailer eMAG last year invested RON1.12 billion in the company’s development, with overall investments carried out in the past two years topping RON2 billion, as the platform has reached 9 million clients in Romania, Hungary and Bulgaria.
Romanian business managers for May-July period project stepped up activity in constructions and retail, in parallel with rising prices in these fields, but also in the processing industry, in line with a survey by the country’s statistics board INS.
Local sales of PCs dropped by almost 16% in the first quarter of this year in terms of units against the first three months of 2022, in line with IDC data, as both companies and end users are thriftier when shopping in this inflationary and uncertain economic environment.
Cold cuts producer Meda Prod 98 saw sales go up in the first three months of this year, but volumes edged down, according to the company’s officials.
Industrial pipe manufacturer Silcotub Zalau, part of international group Teranis controlled by Italian family Roca, for 2022 reported turnover worth RON4 billion, from RON2.6 billion (EUR533 million) in the previous year.
Travel agency Eximtur of Cluj-Napoca, one of the largest locally, controlled by Morariu family, saw its sales volume go up by 33% in 2022 on the year, to RON197 million, with 2023 estimates pointing to a RON215 million sales volume.
Coca-Cola HBC Romania, leader of the local beverage market, ended 2022 with turnover worth RON3.2 billion (around EUR650 million), up over 15% on the year. Net profit reached RON394 million, 32% higher than in 2021.
US company Google has announced the opening of a Google Lab at the Faculty of Automatic Control and Computer Science within the Politehnica University of Bucharest.
Bittnet Systems (BNET.RO), a group of IT companies listed on the main market of the Bucharest Stock, will be carrying out a public offer for the sale of corporate bonds in the amount of RON5.2 million, between May 30 and June 21, 2023, which will be intermediated by BRK Financial Group.
UniCredit and Mastercard have announced on Friday (May 26) the global expansion of their payments partnership through an agreement that targets 13 subsidiaries of the bank across 12 markets, including Romania, for all card products, totaling 20 million cards.
Retailer Auchan Romania and state-run postal operator Posta Romana have decided to end the partnership they had started in May 2022, which targeted the sale of food and non-food products in post offices across Romania.
A survey conducted by Impact Hub and Bravva Angels for ING Bank Romania shows that one in four companies in Romania is 100% owned by women.
iHunt Technology Import-Export, a supplier and manufacturer of mobile phones and gadgets, reported a net RON52,512 net result for 1Q/2023, 94.6% below the RON968,398 profit of 1Q/2022.
Geological prospecting company Prospectiuni Bucuresti, majority owned by businessman Ovidiu Tender, posted RON1.27 million profit in the first three months of 2023, from RON3.46 million losses in the year-earlier period.
Ferrero Romania, a major player on the local confectionery market, ended 2022 with turnover worth RON1.2 billion (around EUR246 million), up over 15% from 2021, in line with ZF calculations based on Finance Ministry data.
Private hospital Sanconfind of Campina, with a 90-bed capacity, ended 2022 with turnover of RON24 million (around EUR5 million) and posted a 10% increase in the first quarter of this year.
Bucharest’s medical center Emerald, part of Softmedica group, has opened the second clinic in Iasi, in a EUR3 million investment, and plans to open another six in major cities of Romania.
Retailer Profi, controlled by investment fund MidEuropa Partners, saw its sales go up by 22% last year, with the increase particularly supported by the rising number of clients.
Romanian natural gas producer and supplier Romgaz (SNG.RO) on Thursday (May 25) said in a stock market report that it placed with Romania’s import-export bank Eximbank a term deposit without auto-renewal option in the total amount of RON450 million.
Holde Agri Invest (HAI.RO), a Romanian-held company that operates farmland, has informed its shareholders of the conclusion of a contract with Agricover SA whose cumulative value exceeds 10% of the total income corresponding to the latest annual financial statements, as per a report published at the Bucharest Stock Exchange on Thursday (May 25).19075 items