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Salad Box founders are bringing a new restaurant brand in Romania after signing an agreement with US fried chicken chain Popeyes, which is set to open 90 restaurants domestically over the next 10 years.
OMV Petrom, the largest energy company in South-Eastern Europe, reached a turnover worth RON17 billion at the end of the first three quarters of 2021, up 13% from the year-earlier period, and its net profit doubled on the year to RON1.67 billion.
In 2020, the overall turnover generated by companies operating in the field of private pre-university education dropped by almost 14% year-on-year.
Telecom operator Digi Communications (DIGI.RO) on Thursday notified the Bucharest Stock Exchange that Portugal’s telecommunications watchdog ANACOM had completed the auction for the allocation of frequency user rights in the 700 MHz, 900 MHz, 1800 MHz, 2.1 GHz, 2.6 GHz and 3.6 GHz bands that started on December 22, 2020.
One United Properties (ONE.RO), one of the most active real estate developers of residential, office and mixed-use projects in Bucharest, on Thursday notified the Bucharest Stock Exchange that Phase 1 of One Cotroceni Park, currently under development, had reached the 75% lease threshold for both office and commercial spaces.
Flaros Suceava (FLAO.RO), a company specialized in leasing spaces, said in a stock market report that it sold shares in OMV Petrom (SNP.RO) and Evergent Investments (EVER.RO) worth RON5.03 million, per calculations by Ziarul Financiar (ZF).
Philip Morris International (PMI) continues investments to convert its cigarette factory in Otopeni, near capital Bucharest, to produce consumables for its heat-not-burn product IQOS, a tobacco heating system developed by the company.
Loans granted by non-banking financial institutions (NBFIs) in Romania touched a record high of over RON37.5 billion in mid- 2021 after a 6.7% increase in the first six months of the year compared with the same period in 2020, per an analysis by KeysFin.
Romanian electrical components manufacturer Romradiatoare Brasov (RRD.RO) on Thursday said it switched to a net profit of RON1.4 million in the first nine months of 2021 from RON567,000 loss in the year-earlier period, per a stock market report.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, continued its upward trend on Thursday (Oct 28) and rose to 2.35% a year, per central bank data.
Dental clinic chain Dr. Leahu is set to open Centrul Regional de Excelenta in Cluj, in the wake of a 3-year process and total investments of above EUR2 million.
MedLife Group (M.RO), the leader of the private medical services market in Romania, on Thursday said it acquired 50% of the shares of Neolife Romania oncology centers, one of the biggest players on the oncology segment in Romania, part of Turkey’s Bozlu Group.
Visual Fan, owner of Allview brand, in the first nine months of this year posted turnover worth almost RON80 million (EUR16 million), up 36% as IT&C arm sales rose by 64%.
Honey producer Apidava is in talks with investment funds for a partnership that should aid the company get to the next development level, and this partner could even become a majority stakeholder in a subsequent phase, explains Victor Mates, Apidava founder.
Wine Producer Domeniile Sahateni of Dealu Mare, operating Aurelia Visinescu winery, expects turnover to go up by 15% this year against 2020.
Curtea Veche Publishing House, owned by the Arsene family, expects 2021 turnover to be similar with 2020 level, at RON16 million, according to the company’s officials.
Computer and electronics retailer Altex will end 2021 with higher growth in sales than 24% of last year.
The European Commission on Wednesday said it has approved a Romanian scheme worth EUR358 million aimed at supporting small- and medium-sized enterprises (SMEs) active in sectors affected by the Covid-19 pandemic and the restrictions imposed lately.
Scandinavian furniture and home décor retailer JYSK is continuing its expansion in Romania by opening a new store, in the city of Baia Mare, on Thursday (October 28), reaching a 108-unit network on the local market.
Romanian airline Blue Air on Wednesday said it would launch ten new routes from capital Bucharest and the cities of Cluj Napoca and Iasi, within its 2022 summer schedule.18957 items