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eMAG, the leader of the local online retail market and one of the largest players in the region has opened a new showroom in Bulgaria, in Plovdiv, covering an area of 400 square meters and with a portfolio of over 5,000 products in various categories.
Home appliances manufacturer Electroarges (ELGS.RO) recorded net profit of about RON603,000 in the first nine months of the year, compared with RON4.9 million loss of in the same period in 2020.
Integrated mobility services provider Autonom Services announced on the Bucharest Stock Exchange on Thursday evening that it had successfully closed the private placement of the first tranche of bonds issued in line with the prospectus approved by the Financial Supervisory Authority on November 10, 2021.
Romania’s Competition Council has approved the transaction whereby nuclear power producer Nuclearelectrica (SNN.RO), which operates the country's sole nuclear power plant, is acquiring from the National Uranium Company the assets related to the uranium concentrate processing line at the Feldioara Branch.
Financial investment company SIF Transilvania (SIF3.RO) halved the number of shares it held in Electrica (EL.RO) and Oil Terminal (OIL.RO), sold Romgaz (SNG.RO) and Petrom (SNP.RO) and participated in the private placement of GoCab Sofware during the third quarter of 2021.
Romania's finance ministry has reopened a bond issue due in July 2029 and raised RON544.3 million (EUR109.9 million) from banks on Thursday, above the targeted level of RON400 million, at an annual yield of 5.26%, central bank data showed.
Omniasig, the biggest company Austria’s Vienna Insurance Group (VIG) owns in Romania, ended the first nine months of 2021 with a volume of underwritten gross premiums of RON1.1 billion, higher by 15% than in the corresponding period of 2020, according to company representatives.
Parcel delivery company Cargus expects the volume of parcel deliveries to increase by over 60% until the end of November 2021 as compared to the same period of 2020, the company said in a statement.
In the third quarter of 2021, the number of job vacancies in Romania stood at 47.3 thousand, increasing by 7.7 thousand as against the previous quarter, data from the country’s statistics board INS showed Thursday.
Profi retailer, controlled by Mid Europa Partners investment fund, has reached the threshold of 100 stores operating under the Noul Profi (the New Profi) concept, just one year since the opening of the first store of this kind in Ploiesti and digitization is the next step.
Czech-based online grocery Rohlik Group will launch operations in Italy, Romania and Spain in 2022 under a new Sezamo brand, the company said on Thursday.
Romania's finance ministry on Thursday said it was carrying out a new public offer for the sale of Fidelis government bonds for individual investors on the Bucharest Stock Exchange, between November 18 and December 10, 2021.
New car registrations in Romania inched up 0.8% on the year to 97,870 units in January-October 2021, placing the country 14th in the European Union, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed Thursday.
Private pension funds in Romania on the mandatory (Pillar II) and voluntary (Pillar III) segments made payments worth over RON1 billion (EUR200 million) to almost 115,000 participants and heirs (beneficiaries) in the last 14 years, from inception until the end of September 2021, per statistical data from the Romanian association for private pensions APAPR and the financial supervisory authority ASF.
Hidroelectrica, Romania’s biggest power producer, is in talks for a 2,000 MW wind and solar power project portfolio, the equivalent of three Cernavoda reactors. This is the biggest portfolio of renewable power projects underway in Romania.
Alexandra Copos de Prada, the daughter of businessman George Copos and Cristiana Copos, settled in London but involved in the development of store network ANA Pan, says the pandemic has brought a lot of challenges for the industry, but expects the business she runs to grow 15% this year.
China’s Topband, among the world’s leading specialists in the development and manufacture of intelligent controller solutions, high-efficient motors and lithium batteries for the household appliance and power tools industry, has entered the local market and rented 11,000 square meters in industrial park Olympian or Timisoara, according to real estate consultancy CBRE, which handled the deal.
Car parts producer Preh Romania, a supplier of Porsche, Mercedes and BMW, in the first half of this year reached EUR126 million turnover and expects turnover to revolve around EUR220 million in 2021. Preh Romania in 2020 generated EUR236 million turnover.
Home appliances manufacturer Electrolux in 2021 invested in a new technology in the category of induction hobs, resulting in a boost to production capacity, to 1 million items.18957 items