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MedLife (M.RO), the leader of the Romanian private medical services market, on Monday (July 4) announced in a stock market a new large-scale partnership, following the signing of the acquisition of the majority ownership stake in wellness center network Sweat Concept.
Romania' s government has decided to gradually close down coal-fired power plants and coal mines until 2032 in a move to decarbonize the country's energy sector, according to the energy ministry.
IPO (Initial Public Offering) momentum continued to slow from the first quarter into the second quarter, resulting in a considerable decline in both deal numbers and proceeds, according to the EY Global IPO Trends Q2 2022. .
IMMOFINANZ, one of the largest players on the local real estate market, on Monday announced the signing of a 25-year lease for 6,500 square meters in myhive Victoria Park office project to Leventer Medical Group, one of the most important private skin health operators in Romania.
Romania’s central bank reported a profit of RON2.01 billion in 2021, down 1% from 2020, of which RON1.6 billion will go to the state budget, representing 80% of the bank’s net revenues, respectively an increase of the bank’s statutory reserves by RON243 million.
Affidea, the biggest player on Romania’s medical imaging market, acquired two Phoenix medical centers in Deva and Alba Iulia, thus reaching a 38-unit nationwide network.
2Performant, the main player on Romania’s affiliate marketing market, listed on the AeRO market of the Bucharest Stock Exchange (2P.RO), in the second quarter of 2022 posted 12,281 single users in its own platform, up 61% from the year-earlier period.
Romania’s beer market suffered a 10% decline in the first four months of 2022 from the year-earlier period after, at the level of Europe, sales in bars and restaurants dropped by 35% in 2021, shows an analysis drawn up by Romanian Brewers Association.
Albrau Prod, one of the largest independent brewers in Romania, including brands such as Albrau or Zimbru in its portfolio, has a RON6 million investment budget for this year.
Catalin Mahu, owner of La Mama Restaurant chain, plans to open several small restaurants, specialized in deliveries this year.
Five-star hotel Vega of Mamaia seaside resort, controlled by businessman Gabriel Comanescu, ended last year with turnover worth RON17.4 million (EUR3.6 million), up 9.4% year-on-year.
Scandia Food, leader of the canned food market, in 2022 targets RON439 million turnover, up 14% year-on-year.
Verdino Green Foods, a start-up which makes pea protein-based foods, has taken over two plant-based brands from Prefera Foods. These are Unfished and Green Course, the former active in the fish alternatives segment, the latter a brand of ready meals, sauces, vegan mayonnaise and plant-based meat substitutes.
Romania's foreign exchange reserves increased to EUR42.03 in June from EUR40.9 billion in May, central bank data showed Friday.
The European Commission closed the investigation started in 2018 with relation to the Romania’s EUR335 million aid to Oltchim, as the petrochemical company was declared insolvent in 2019 and ceased its economic activities.
The ownership transfer for Ford plant of Craiova to Ford Otosan has been successfully completed. Ford Otosan has announced EUR490 million investments in Craiova to support the future growth of production.
Avincis wine maker of Dragasani vineyard area saw tourism reach a 30% weight in total turnover in 2021.
Ponderas hospital of Bucharest, owned by Regina Maria healthcare network since 2016, has cumulated EUR20 million investments in five years, with the money aimed at expansion and consolidation.
Serhan Hacisuleyman, a Turkish banker with 23 years of experience in several business areas such as retail, SME, agriculture and trade, will be appointed CEO of Agricover Credit IFN, the financing division of Agricover Group of businessman Jabbar Kanani.
Hidroelectrica, the largest electricity producer in Romania, on Thursday (June 30) said it started modernization works for the 110 kV, 20 kV and 0.4 kV substations of the Tismana Subteran CHE Technical Block.19464 items