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Romania continues to rank 14th in the EU by the number of new cars registered in January-June, with a volume of 73,645 units, up 25.4% from the year-earlier period, of which 6,998 were full-electric ones and 20,933 hybrid ones, in line with data released by the association of automotive manufacturers in Romania ACAROM and the European Automobile Manufacturers Association ACEA.
Online hypermarket Freshful, part of eMAG group, in the first half of this year posted 2.4 bigger sales than in the same period of 2022, with fruit and vegetables accounting for over 15% in total volumes.
Private equity fund BlackPeak Capital, founded in 2014 in Bulgaria, wants to make another portfolio investment in Romania this year after the investor completed a bolt on acquisition locally for euShippments, a services company of Bulgaria already part of the fund’s portfolio.
Bucharest’s four-star hotel Cismigiu, one of the city’s monument buildings, controlled by Spain’s Hercesa, ended the first half of this year with 15% higher revenues than in the first six months of 2019, the best year in tourism, according to the company’s officials.
Dacia sales in the first half of 2023 climbed by 24% to 345,432 units. 2019 has been the best year for Dacia so far, with 736,000 sold units.
Albalact, part of French group Lactalis, has become the first billionaire company in Romania’s dairy market.
Constanta-based Europack Media, a manufacturer of baby wipes established by local entrepreneurs, ended the first half with 25% higher revenue and if the growth pace remains unchanged, it will be closer to RON100 million at the end of the year, according to information supplied by the company and ZF’s calculations.
Oil drilling company Foraj Sonde Videle (FOJE.RO) has signed a framework contract for onshore drilling with OMV Petrom (SNP.RO), Romania’s only oil and natural gas producer, it said in a report to the Bucharest Stock Exchange.
World Bank placed Romania among high income countries in 2022, i.e., those with an average income per capita of more than $13,846, along with other 82 countries and territories.
Bucharest Stock Exchange will see the first licensed stock brokerage firm launched after a 14-year hiatus on Monday, July 24, once Investimental starts operations.
Law firm Filip & Company advised Banca Transilvania (TLV.RO), the largest player in the Romanian banking system, on the second bond issue of the program launched in April, through which it raised EUR200 million from international markets.
Romania’s media and entertainment industry is expected to reach EUR4 billion this year, up 7% from 2022, with most segments set to register growth, according to PwC Global Entertainment & Media Outlook 2023-2027 (GEMO) report.
Agroserv Mariuta, a Romanian farming company that owns Laptaria cu Caimac brand, has contracted a EUR9.5 million loan from CEC Bank, structured on the medium and long term, for the refinancing of the loan portfolio from Banca Romaneasca and Procredit.
COFCO International, a company owned by Chinese investors and formerly known as Nidera, switched from RON68 million losses in 2021 to RON122 million profit in 2022. Moreover, this profit is the highest in the company’s two-decade history on the local market.
2022 brought fewer companies on Romania’s hotel market, but profit hit a five-year high, of RON1.5 billion, in line with Trade Registry data.
Online bookstore Libris, owned by Ana and Virgil Onita and Laura Teposu, is likely to expand in the coming years with a second warehouse beside the already existing one in Brasov depending on the evolution of Romania’s book market.
Astra Vagoane Calatori, one of the biggest players on the local rolling stock market, controlled by Valer Blidar, ended last year with RON225 million revenue and expects it to go up to RON400 million, as the plant has to deliver more streetcars.
The four-star Iaki Hotel in the Mamaia resort, owned by former football player Gheorghe Hagi, posted RON23.7 million revenue last year, up 38% from the previous year's RON17.2 million, official data from the Finance Ministry and ZF calculations show.
Law firm Zamfirescu Racoti Vasile & Partners (ZRVP) represented Transport Trade Services (TTS) in its acquisition of Decirom, a port operator in Constanta.
Lidl Romania appointed Georgiana Radu national procurement and marketing manager as of September, who spent the past three years with the procurement and marketing team of Lidl Germany.20012 items