Found 20681 news
Sphera Franchise Group (SFG.RO), the operator of the KFC, Taco Bell and Pizza Hut brands in Romania, ended 2021 with consolidated sales of over RON1 billion, up 41% on the year, with sales in Romania contributing 87% to this result (RON873.7 million), the company said in its preliminary financial report.
Romania's nuclear power producer Nuclearelectrica (SNN.RO) ended 2021 with operating revenue of RON3.2 billion, up 28% on the year, and a net profit of RON1.01 billion, up 45% from 2020, in line with the company’s financial report released on Thursday.
Financial analysts expect the Romanian leu will depreciate to an average of 5.0761 units to the euro in the next 12 months, while inflation is seen averaging 6.32% during the same period, a monthly poll by CFA Romania showed Thursday.
Tea producer Kalpo of Buzau, with sales of around RON10 million annually, run by entrepreneurs Mihaela and Eugen Achim, will switch to growth in 2022, after in 2021 pandemic restrictions hurt its sales.
DIY network Brico Depot Romania, owned by Britain’s Kingfisher, wants to develop the outlet-type chain it launched in 2020 with the opening of a unit in Chiajna, near Bucharest.
Morphosis Capital will start raising the second fund in the second half of 2022, with the target envisaging EUR100 million this year, double the value of the first fund.
Egger Romania, part of Austria’s supplier of wood-based material for furniture industry and interior decorations, construction and flooring Egger, reported EUR404 million for 2021, up around 34% from the previous year.
Dairy maker Agroserv Mariuta (MILK.RO) of Dragoesti, Ialomita county, a company that owns dairy brand Laptaria cu Caimac, has completed the construction of its second production unit, equipped with a line for cheese products and another one for butter, an over EUR3 million investment.
Erol Baeram, general manager of Cottontex, a textile industry company owning six production units in Romania, says the workforce problem is intensifying, with young people shunning this industry.
TELUS International, a company specializing in business process and IT outsourcing services, has now reached a team of 2,200 people in Romania, up from 1,500 last year and continues recruiting at an accelerated pace.
Norofert Group (NRF.RO), a leading Romanian producer of organic agricultural products, ended 2021 with a turnover of RON51.5 million, up 107% from 2020, and a net profit of RON8.2 million, up 63% from 2020, in line with its preliminary financial report.
Aquila Part Prod (AQ.RO), the largest fast moving consumer goods distributor in Romania, on Wednesday announced on the Bucharest Stock Exchange that its shareholders had approved in their general meeting a share capital increase by RON150 million, representing issuance premiums, to RON180 million.
Covid-19 was a huge economic shock, but the Romanian economy has shown resilience and its recovery is ongoing, as per the Investment Survey of the European Investment Bank (EIB).
The Bihor County Council has signed a credit contract of RON100 million (EUR20 million) with lender Raiffeisen Bank, with a 12-year reimbursement period.
The Bucharest Stock Exchange on Wednesday said the shares of Grup Serban Holding would start trading on the AeRO market, the equity segment of the Multilateral Trading System, on Monday (Feb 28), under the stock ticker GSH.
Poland’s CIECH Group, with a 75-year experience in the chemical products industry, enters the Romanian agribusiness market and establishes CIECH Agro Romania.
Deutsche Telekom changes its logo on a group level and in all national companies operating under the T brand, company officials said in a statement.
Private lending grew by 15.1% in nominal terms (6.3% in real terms) to RON326.46 billion in January 2022 compared to January 2021, as local currency lending grew by 19.5% (10.3% in real terms) and foreign currency lending by 5.2% when expressed in lei (3.6% when expressed in euros), central bank data showed Wednesday.
The plan of NuScale, which will make the small modular nuclear reactors (SMR) for Romania, is to assemble them in a plant, and one such plant could be in Romania, CEO John Hopkins said at the ZF Power Summit.
Only six office buildings totaling 135,700 square meters of gross leasable area (GLA) are due to be finalized in capital Bucharest in 2022 – a five-year low- but the buildings planned for 2023, estimated at 267,300 sqm, are directly included in a top three deliveries over a ten-year period, in line with an analysis by real estate consulting firm CBRE.20681 items