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HAVI Logistics, a major transport and logistics firm on the Romanian market and one of the world’s biggest operators for fast food restaurant and convenience food brands, in 2020 generated net profit worth above RON3.1 million (EUR655,500), up 78% year-on-year.
Software solutions provider Life is Hard (LIH.RO), which is listed on the AeRo market of the Bucharest Stock Exchange, on Wednesday said its Executive Board approved a decision to lend a total RON1.5 million to Innobyte Solutions (100% held by Life is Hard), at an interest rate of 1.25% per annum.
Romanian investment fund Black Sea Fund, focused on deals with small and medium-sized enterprises in Romania, with a capital of over EUR43 million, has appointed Iulian Portasa, as Partner.
The Bucharest Stock Exchange on Thursday said three new Fidelis government bond issues for the general population, denominated in the local currency and euro, will start trading on the Main Market under the trading symbols R2210A, R2410A and R2610AE, respectively.
Romanian carmaker Dacia sold 3,867 cars in the United Kingdom, in September 2021, fewer by 26.52% than 5,263 units sold in the same period in 2020.
Romania’s Competition Council has approved the transaction whereby Romania’s largest lender, Banca Transilvania, acquired the entire ownership stake of Poland’s Getin Holding in Idea Bank, in early June 2021, for EUR43 million.
Patricia Andrei has taken over the position of Human Resources (HR) Manager at state-run lender CEC Bank, coordinating the lender’s entire HR activity.
Entrepreneur family Vasile and Marilena Ene invested EUR3 million to expand and retool the air filter plant of Mizil, Prahova county, which can currently produce 100 HEPA filters per day.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continued its upward trend and grew to 2.07% a year on Wednesday (October 6), above the 2.01% level reached in early 2021.
Retail sales in Romania (excluding sales of motor vehicles and motorcycles) grew by 12.4% in unadjusted data year-over-year in the first eight months of 2021 and by 11.2% when adjusted for seasonality and number of working days, data from the country’s statistics institute showed Wednesday.
Holde Agri Invest (HAI.RO), a Romanian company operating farmland, announced it acquired a farm of 230 ha of land, entirely operated in a rent regime, in Calarasi county, close to its Frumusani nucleus. The deal amounts to RON2 million.
Romania's food retail sector reached EUR19 billion in 2020, rising further despite the pandemic. The upward trend will continue, with the sector expected to grow on average 5% per year and reach EUR25 billion in 2025, in line with a report by research and analysis company Roland Berger.
The outsourcing industry is one of the winners of the coronavirus pandemic, considering it’s an industry whose activity is compatible with teleworking. Thus, companies in the industry continued to hire in 2020 and the 10 largest employers had over 17,200 employees last year, up over 17% from 2019, according to ZF calculations based on Confidas.ro data.
Romania’s e-commerce market ranks 50th globally, with a value of $3 billion in 2020, ahead of Bangladesh and below Singapore, in line with data provided by research platform ecommerceDB.com.
Cold cuts producer Meda Prod ’98, controlled by entrepreneur Luchi Georgescu, a business worth RON217 million last year, ended the first seven months of 2021 with 7% higher turnover, according to the company’s representative.
MedLife (M.RO), a local integrator of private medical services, said in a stock market report on Tuesday that Mihai Marcu, the company’s Chief Executive Officer and Chairman of the Board of Directors, on Sept 30 sold a package of 280,000 MedLife shares, at a price of RON19.3 per unit, within deals worth a total RON5.4 million.
Romanian Superbet group, the largest sports betting and gaming business in Romania, is strengthening its top management team, by recruiting Adrian Comaneci for the position of Group Commercial Finance Manager.
Local educational software producer Ascendia (ASC.RO on Tuesday said it partnered up with the Bucharest University for a project aimed at developing a next-generation system for data management and analysis, which will reach almost RON5 million, according to company representatives.
Romanian state-owned natural gas producer Romgaz (SNG.RO) announced Tuesday that it agreed with US giant ExxonMobil to extend the exclusivity period, from October 15, 2021, to November 15, 2021, in order to complete the negotiations of the transaction for the acquisition of Exxon's stake in Neptun Deep offshore block in the Black Sea.
A multidisciplinary team of the Financial Advisory Practice of Deloitte Romania and of law firm Reff & Asociatii, member of the Deloitte Legal global network, has provided assistance to chemical producer Chimcomplex Borzesti (CHOB.RO) in the process of contracting a loan of EUR90 million.18957 items