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UK’s Kingfisher Group, which owns do-it-yourself (DIY) retailer Brico Depot on the Romanian market, reported sales of GBP285 million in the 2022/2023 financial year ended on January 31, 2023, up 1.7% on the year, and losses of GBP10 million, down 7% versus the previous financial year, as per the company’s financial report.
ABN Systems International (ABN.RO), which distributes IT&C products and accessories and owns the Tellur brand, estimates the call center market in Romania may grow by 15% in 2023, as most companies in the industry budgeted 12% to 20% growth in revenue this year and the number of employees should continue to increase, it said in a release.
Global Vision and Globalworth have invested EUR12 million in the first phase of the Mures City Logistics project whose first tenant is FrieslandCampina, one of the largest global companies on the dairy market.
Footprints AI, a company established in 2017, which developed a media retail platform enabling offline retailers to find potential new customers and anticipate their spending patterns through a uniform analysis of data from online and offline sources, has budgeted more than EUR1 million investments in development in 2023, the company said in a release.
The volume of construction works in Romania increased, in unadjusted data, by 5.8% in January 2023 compared to January 2022 and was up 7.2% when adjusted to the number of working days and to seasonality, in line with data from the country’s statistics board INS.
Romanian low-cost airline Blue Air has entered insolvency at its own request, in line with data on the website of the Bucharest Municipal Court.
Electric vehicle (EV) adoption has accelerated faster than predicted considering that globally EV sales doubled in 2021 and jumped 55% in 2022 to account for 13% of all vehicles sold, according to a new study from EY and Eurelectric.
Romania's capital market started 2023 with a series of significant increases considering that all indices of the Bucharest Stock Exchange (BVB) were in the black at the end of the first two months of this year.
The Kazakh-Romanian Energy Investment Fund (KREIF), controlled by KMG International and the Romanian State, has made progress in commissioning the cogeneration plant on the Petromidia platform, reaching over 80% of the total operations, part of the project that started in May 2021.
Telecom operator Digi Communications has sealed an agreement with arbdn fund to carry out a EUR300 million investment in the development of an optical fiber network in Spain.
Real estate developer ONE United Properties has proposed an additional gross dividend of RON0.01/share to shareholders, namely a total sum of RON37 million, after the company has already earmarked RON36 million in September from 2022 profit for dividends of RON0.013/share.
The Electrica Group, through its subsidiary Distributie Energie Electrica Romania SA (DEER), has concluded a loan agreement with the European Bank for Reconstruction and Development (EBRD).
Insolvent thermal power plant CET Arad was acquired by AOT Energy headquartered in Switzerland, according to online publication Special Arad.
The shareholders of Carbochim Cluj-Napoca (CBC.RO), the largest local professional abrasives producer, will put to a vote a decision to approve the contracting of investment loans in the amount of maximum RON15 million or the equivalent in euros, in order to fulfil the objectives set in the investment plan for 2023.
Corrugated cardboard manufacturer Vrancart Adjud (VNC.RO), a company in which the Paval brothers - founders of do-it-yourself retailer Dedeman, own a 17.2% stake, plans to distribute RON12 million worth of dividends from its 2022 profit, as per a notice convening the Ordinary General Meeting of Shareholders.
tbi bank has partnered with Inter Broker de Asigurare to allow Romanians to buy insurance products of any kind through the Buy Now, Pay Later (BNPL) solution.
SomProduct, a local home furniture and decoration retailer, is opening a showroom within the ISHO project in the western city of Timisoara, where he leased a space of 1,100 square meters.
Porsche Finance Group, one of the leading providers of financing, insurance, maintenance and car mobility solutions in Romania, has announced the appointment of Helian Redai to the position of Chief Executive Officer (CEO).
Romanian state-run aircraft repair and maintenance company IAR Brasov (IARV.RO) has proposed the distribution of dividends in the amount of RON5.3 million from the 2022 net profit worth RON14.2 million, as per a stock market report signed by Ruxandra-Rodica Anghel, Chairwoman of the Board of Directors.
The European Bank for Reconstruction and Development (EBRD) and the Center for International Private Enterprise (CIPE) have launched a joint corporate governance training initiative aimed at promoting female participation on boards.19029 items