Found 19029 news
Entrepreneur Florin Madar, owner of construction materials wholesaler Temad of Brasov, considers optimizing the network of warehouses he owns locally so that, through better infrastructure, he can cover nationwide demand, but from fewer subsidiaries.
Agroland group, active in the retail, agriculture and food sectors, is carrying out investments to the end of cementing its foothold on the egg market and make inroads on the market of poultry producers, explains Horia Cardos, CEO and founder of Agroland Business System.
Chronolink, the sole importer of Rolex brand in Romania, last year hit turnover worth a little above RON70 million, up 70% from 2020 and double the 2019 level, in line with ZF calculations based on confidas.ro data.
Czech-held investment group PPF, which owns Pro TV and two office buildings in Bucharest, has bought a plot of land in the west of the city from Czech real estate developer RC Europe and plans to use it for an office building called ARC.
Romanian startup ATLAS, which developed the telemedicine platform atlas.app, has attracted an investment of EUR500,000 from eMAG Ventures, the investment program for technology companies, in order to continue the development of the platform at local and regional level and to ease access to medical services for as many people as possible with the help of technology.
CTP, a developer of industrial and logistics space in Romania, is strengthening its management team by appointing Razvan Danciu as Head of Property Management.
Apa Nova Bucureşti (ANB), the water and sewerage services provider in the capital city Bucharest, has invested EUR500,000 in fitting out a new ultra-modern post-operative ward fully equipped with state-of-the-art medical equipment, at the Floreasca Clinical Emergency Hospital in Bucharest.
Investments on the Romanian real estate market totaled EUR1.8 billion in the last two years (2020-2021), compared to EUR1.6 billion in 2018-2019, with a total 78 properties being transacted in 2020-2021, compared to 72 assets traded in 2018-2019, in line with a survey by Cushman & Wakefield Echinox.
Romanian aluminum processor Alumil Rom Industry (ALU.RO) ended 2021 with a net profit of RON6 million, up 63.4% from 2020, and a turnover of RON90.8 million, up 24.5% on the year.
Romanian startup Vestinda, which developed a marketplace dedicated to crypto investments, on Wednesday announced the launch of a new version - Public Beta, company representatives said in a statement.
The proportion of businesses in Romania using cloud technology must significantly increase by 62 percent points in order to meet the Digital Decade goals set out by the European Commission, in line with a new report produced by Deloitte and commissioned by Vodafone.
Banca Comerciala Romana (BCR), the second largest lender on the local market by assets, reported for 2021, on an individual level, a net profit of almost RON1.38 billion, of which the bulk, namely, 70%, is expected to be distributed to its shareholders as dividends.
Tehnomir Energy, a provider of complete turnkey photovoltaic systems solutions, based in Oradea, changes its name to ENSYS, and announces plans to reach projects worth over EUR20 million and to become one of the largest national companies in the field.
Stay Fit Gym, the second largest chain of gyms in Romania by the number of fitness centers opened, on Wednesday announces the opening of a new unit in capital Bucharest, in Colosseum Mall, following an investment of almost RON3 million.
Romanian natural gas producer and supplier Romgaz (SNG.RO) said on Wednesday that it signed a bank loan agreement with Raiffeisen Bank in the amount of EUR325 million which covers a part of the price for the acquisition of the stake held by US’ Exxon in the Neptun Deep gas exploration and drilling project in the Black Sea.
UK’s Kingfisher, which owns the Brico Depot DIY stores in Romania, saw its local sales increase by 15% in 2021 versus 2020, to GBP279 million (almost EUR335 million), in line with Kingfisher’s annual report.
Interior design company Chairry Design & Furniture had a turnover of EUR1.1 million in 2021 amid an effervescent market on the furniture and interior design segment in Romania, especially in the hospitality sector which saw a fast recovery in the post-pandemic context.
Sadalbari SRL, the majority shareholder of Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO), said in a stock market report that it acquired MCAB shares worth almost RON2.7 million, within four trading sessions held on March 24, 25, 28 and 29, 2022.
Bucharest Stock Exchange system processed RON351.1 million funding for BCR bonds (BCR27.RO) on March 29, 2022, which means the second largest bank in Romania sold bonds to investors, among which Pillar II pension funds and is preparing to the bond issue listed soon.
Romania’s Competition Council is looking into a transaction whereby Dan Ostahie is acquiring Porsche Bank Romania S.A.19029 items