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Furniture manufacturer Elvila (ELV.RO) ended the first quarter of 2022 with RON1.73 million loss, higher than RON1.66 million in the year-earlier period, and a turnover of RON6.1 million, down 17.7% on the year, as per calculations by Ziarul Financiar (ZF) daily based on data from the company’s quarterly report.
The Romanian office of regional law firm Wolf Theiss has expanded its team by hiring four lawyers in the Investigation, Crisis Response and Compliance and Competition and Regulation practices.
Grocery retailer Profi, held by buyout investor Mid Europa Partners, had a turnover of RON9.5 billion in 2021, up 7.8% from 2020.
Supply chain challenges arising from the COVID-19 pandemic and Russia’s invasion of Ukraine could result in a potential EUR920 billion combined losses to gross domestic product (GDP) across the Eurozone by 2023, as per a report released by Accenture.
Cyber-attacks have reached an unprecedented level and the global phenomenon is becoming more and more visible in Romania.
ING Bank posted RON276 million net profit in the first quarter of 2022, 67% higher than in the year-ago period, while revenue rose 23% to RON667 million.
Lemon Retail Park, built by Synergy Construct in Bucharest's northern area of Pipera, following an investment of EUR15 million, will be inaugurated in September 2022, real estate consulting firm CBRE said on Monday (May 30).
Delgaz Grid, German utility group E.ON's natural gas and electricity distribution company in Romania, on Monday announced investments of RON719 million (EUR143 million) in 2022, mostly to upgrade, expand, automate and digitize the natural gas and electricity distribution grids.
European online fashion retailer Zalando, which already has a presence in 25 countries, launched in Romania on Monday. The retailer carries 350,000 products from 1,700 brands, and expansion in Romania is a continuation of the expansion in Europe.
Farmexim-Help Net Group, part of German Phoenix Group since 2018, ended 2021 with a combined turnover of EUR848.5 million (over RON4.1 billion), 16% higher compared with 2020.
APS, a debt recovery company headquartered in the Czech Republic, has announced the acquisition from the Bank of Cyprus Group of a portfolio of Romanian non-performing loans (NPLs) and repossessed properties with a total contract value of EUR147 million.
Paval Holding, the investment vehicle of brothers Adrian and Dragos Paval who own do-it-yourself (DIY) retailer Dedeman, on Monday reported total revenue of RON1.37 billion for 2021, compared to RON3.3 billion in 2020, and a net profit of RON1.24 billion, down 60% on the year.
The Kazakh-Romanian Energy Investment Fund (FIEKR), held by KMG International and the Romanian State, has contracted a syndicated loan of EUR83 million that will be used to fund the construction of a new cogeneration plant on the Petromidia Refinery platform.
Agroland Business System (AG.RO), the Romanian retail, agriculture and food entrepreneurial group, which owns the largest network of agricultural stores in Romania, posted consolidated revenue of RON66.8 million in the first quarter, up 21% compared with the year-ago period and net profit of RON1.6 million, up 31%.
British American Tobacco (BAT), the largest player on the Romanian tobacco market, with a market share of over 50%, has increased the number of employees in Romania by almost 10% every year, with an average of 200 new employees recruited annually.
Romanian entrepreneur Eugen Saulea has announced the launch of DANTEM on the Romanian market, which he will develop alongside Czech businessman Petr Adámek.
Romanian video game developer Amber has relocated its more than 120 employees in Botosani to a new head office and plans to increase its Amber Botosani team by 100 more specialists, company representatives said in a statement.
Terapia Cluj, a local pharmaceuticals producer held by pharmaceuticals giant Sun Pharma, has acquired the Uractiv product range of the portfolio of Iasi-based company Fiterman Pharma, according to an announcement by Sun Pharma.
The Modernization Fund is a program of the European Union (EU) aimed at supporting ten Member States to meet 2030 energy targets by helping to modernize energy systems and improve energy efficiency.
Alpha Bank, ranked among the top ten largest lenders in Romania by assets, on Friday reported an operating profit of EUR5.6 million for the first quarter of 2022, up 143% from EUR2.3 million in the same period of 2021.19464 items