Found 18995 news
Sphera Group (SFG.RO), owner of KFC, Pizza Hut and Taco Bell franchises in Romania, and of KFC restaurants in Chisinau (Republic of Moldova) and Italy, announced in a stock market report on Wednesday the opening of the first Pizza Hut Express restaurant in Romania, in the town of Buzau.
Sphera Franchise Group S.A., owner of KFC, Pizza Hut and Taco Bell franchises in Romania, said in a stock market report that it received the first tranche of RON1.3 million of state aid from the Romanian Government on the basis of an emergency ordinance providing financial aid to companies in tourism, hospitality and event organizing industries whose activity was affected by the COVID-19 pandemic.
The bet of Constantin Dulute, a major Romanian entrepreneur, on Vinicola Averesti 2000, the company behind Domeniile Averesti wine brand, is ever bigger.
Atenor completed the sale of Dacia One project to Paval Holding, in a sale with a financial impact of EUR50 million, according to the Belgian company.
Luchi Georgescu, the entrepreneur owning cold cuts plant Meda Prod 98, a major player on the market, says she’s seeking solutions to cut electricity costs and wants to generate power from photovoltaic panels for at least 10% of the plant’s daily consumption.
The third clinic under Prevent umbrella is going to be opened in 2022.
Annabella Fabrica de Conserve Raureni, a company part of Annabella group owned by Mutu family of Valcea county, plans to take over Fabka Group, in line with information provided by the Competition Council, which cleared the deal.
Retailer Profi, held by buyout investor Mid Europa Partners, opened a total of 19 new stores in December, 18 of which were in the Loco format used in rural Romania.
Real estate investment trust Star Residence Invest (REIT.RO) said in a stock market report on Tuesday that it completed the share capital increase operation through cash contribution by exerting preferential rights, managing to attract RON5.7 million.
The latest initial public offering in Bucharest in 2021, which started on December 15 and was scheduled to close on December 29 went through some changes, the most important of which being the successful closing condition.
Allianz-Tiriac has received approval from the Financial Supervisory Authority (ASF) to become a significant direct shareholder of Gothaer Asigurari, ASF officials said.
Lender Banca Transilvania has revised Romania’s economic growth forecast to 6.2% in 2021, 5.2% in 2022 and 4.9% in 2023, respectively, in line with updated macroeconomic forecasts.
Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO) on Tuesday said it reimbursed its debts to several lenders among which EximBank, Banca Transilvania and Intesa Sanpaolo Bank Romania, by means of a financing facility in the amount of EUR23 million contracted in March 2021.
Romanian business managers expect robust price growth in the construction and retail trade sectors for the December 2021-February 2022 period in parallel with a slight decrease in the number of employees in constructions and an increase in staff numbers in retail trade, a survey by the country’s statistics board INS showed Tuesday.
ROCA Investments carried out a capital increase at RDF and became the majority stakeholder in the company, a major grain trader of Banat, founded by Florin Deznan.
Over 15,000 new companies operating in the fields of agriculture, forestry and fishing were set up during January-November 2021, 280% more than in the same period of last year, in line with Trade Registry data.
Rondocarton, part of the Austrian group Rondo Ganahl, one of the largest corrugated cardboard producers, which operates three packaging plants on the local market, plans to develop a vertical warehouse in Targoviste, an investment estimated at EUR10 million.
Theta Furniture&More, one of the largest players in the interior design and custom furniture market in Romania, is also considering growth through acquisitions.
Aluminum smelter Alro Slatina (ALR.RO), the largest consumer of electricity in Romania, announced on the Bucharest Stock Exchange on December 27, 2021, that its aluminum production would decrease from five electrolysis plants to two plants due to high power prices.
Booking Holdings Romania, a company established in July 2021 by Booking Holdings, has received a capital increase of RON22 million ($5 million) from its sole shareholder, according to Trade Register data.18995 items