Found 19029 news
Iasi-based SABS, specialized in software development, which started 2023 by opening an office in Bucharest, wants to continue expansion plans and targets countries such as Serbia, Macedonia, Albania, Moldova and the UK.
Piping Logistics, a Belgian producer of ventilation system components, is working to open, in the third quarter of 2023, a plant near Timisoara, with investments set to reach EUR3 million.
Rondocarton, part of Austrian group Rondo Ganahl, a major producer of corrugated cardboard, with three plants locally, ended 2022 with EUR130 million turnover, up from EUR110 million in the previous year.
Lagardère Travel Retail, which is part of French Lagardère group, which operates in travel retail and on-premise sector, is considering bringing Costa Coffee coffee shop brand as a franchise in Romania.
ROCA Industry (ROC1.RO), the first Romanian holding company of construction material makers, launched by ROCA Investments, notified Bucharest Stock Exchange investors that it expected RON18.3 million net profit, RON466.3 million revenue and RON64.5 million EBITDA, as per its spending and revenue budget
Romanian paint and coatings maker Köber based in Neamt County (NE Romania), the leader of its market, will inaugurate a research and development center near its plant in Dumbrava Rosie, Neamt. The new center was completed and will open soon.
Romanian producer of organic agricultural products, Norofert (NRF.RO) ended 2022 with a consolidated net profit of RON10.6 million, up 49.1% from 2021, and a turnover of RON77.4 million, up 57.9% on the year, as per data from the company’s Executive Board report published at the Bucharest Stock Exchange.
Law firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) has promoted 25 lawyers and counselors to new roles.
Online card payments grew over 22% in 2022 on the eMAG platform, accounting for 56% of total sales at national level, but in Bucharest, Cluj and Ilfov the weight exceeded 60%, as per an analysis by online retailer eMAG.
Mexican Grupo Bimbo, one of the world’s largest bakery companies, officially announces its entry into the Romanian market following the acquisition of local company Vel Pitar from U.S. investment fund Broadhurst.
Among the European Union Member States, the highest economic growth in the fourth quarter of 2022 compared to the third quarter of 2022 was recorded by Greece (1.4%), Malta (1.2%), Cyprus (1.1%) and Romania (1%), data from Eurostat, the statistical office of the European Union, showed on Wednesday (March 8).
Romania's gross domestic product (GDP) grew by 4.8% in real terms (in unadjusted data) in 2022 as compared to 2021, provisional (1) estimates from the country’s statistics board INS showed on Wednesday (March 8).
Romanian state-owned energy utility group Electrica (EL.RO) on Wednesday reported a consolidated net profit of nearly RON560 million for 2022, compared to a loss of RON552 million in 2021, and revenue of RON10 billion, up 39% from 2021.
Agricover Holding, controlled by businessman Jabbar Kanani, is convening its shareholder for April 10 to approve the company’s listing on the Bucharest Stock Exchange via an IPO with a share capital increase of around 20%.
Vodafone, one of the largest players on Romania’s telecom market, has opened, in Magheru boulevard of Bucharest, its first store under the EasyTech concept, which proposes to clients more gadgets and an interactive retail experience, as part of the company’s strategy of repositioning itself on the market as a tech company.
Bento, Intellectually Curious, a Romanian entrepreneurial company specializing in the development and implementation of software solutions and the provision of IT infrastructure and Cloud services, has sealed a RON32 million contract for the implementation of Bento Field Service Management Solution, after winning a public procurement procedure carried out by DEER, Romania’s largest energy distributor, part of Electrica group.
Redport Capital and Mobexpert group have finalized the acquisition of 44,000 square meters of land in Straulesti area, near Petrom City, in a deal worth around EUR13 million.
Sweden’s group Lindab, which has a metallic tile and other building materials plant in Stefanestii de Jos, Ilfov county, has opened the tap of local investments, according to Andrei Sulyok, the company’s general manager.
Technology company Qualitance ended 2022 with EUR17.5 million revenue, an increase of about 35% on 2021, higher than expected.
Discount retailer Penny Romania has received a EUR160 milion cash infusion from its parent company in Germany, which it will use to speed up development, ZF has found.19029 items