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The Romanian operations of Germany’s group Metro are valued at EUR225 million, in line with data presented in a company report.
Behboud Madadi, or Ben Madadi as he is known in investor circles, who became the largest individual investor in a financial investment company (SIF) in 2021, has liquidated his holding in SIF Muntenia (SIF4.RO), the best performing of the five companies in 2021, according to a report published on the Bucharest Stock Exchange.
Real estate developer Forty Management will be accessing a syndicated loan of EUR65 million in order to develop the Lagoon City project in capital city Bucharest.
The Bucharest Stock Exchange on Wednesday said the bonds issued by INOX, in the amount of EUR1 million, would start trading on the Multilateral Trading System, under the ticker symbol INOX24E, on Friday (February 18).
Macromex, the largest Romanian-owned distribution business, has invested EUR500,000 in developing the Bocado.ro platform, an e-commerce solution intended for supply operations in the hospitality industry, company officials said in a statement.
Sweden’s Medicover Group, present on the Romanian market for over 25 years, ended 2021 with combined revenues of EUR171.6 million, up 34% on the year.
Romanian startup Salarium, which developed a software platform that offers employees the possibility to receive salary advance payments via a mobile application, has attracted financing worth EUR500,000 from investment fund Neogen Capital, Salarium representatives said in a statement.
Romania’s mergers and acquisitions (M&A) market reached a value of EUR4-4.4 billion in 2021, Radu Dumitrescu, Financial Advisory Partner-in-Charge, Deloitte Romania, told an event organized by Deloitte and Ziarul Financiar (ZF) daily.
Coca-Cola HBC Romania is expanding its brands portfolio by bringing on the local market the Caffè Vergnano coffee after the Group had acquired in October 2021 a 30% stake in Italian coffee company Caffè Vergnano
Romanian shipyard Santierul Naval Orsova (SNO.RO) said Wednesday in a stock market report that it had concluded two external contracts worth EUR6.3 million for the construction of two river vessels to be delivered to The Netherlands.
International freight forwarding business International Alexander ended last year with EUR200 million revenue, Loredana Apreutese, general manager of International Alexander and vice president of International Alexander Holding, said at a Deloitte-ZF conference.
Terapia Cluj, one of the largest pharmaceuticals manufacturers in Romania, has an investment budget of EUR5.5 million for the 2022-2023 financial year and seeks to bring ten new drugstores to its portfolio.
The Italian brand Ducati, part of the Volkswagen group, is entering the Romanian market with a range of safety footwear designed for those working in difficult conditions, to be sold through the online store Armorum.
Romania’s auto liability insurance policies (RCA) market reached a record level of gross premiums underwritten in 2021, of RON5.93 billion, the biggest increase of the last 11 years, of 49.4% versus 2020, in line with preliminary data from the country’s Financial Supervisory Authority (ASF).
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, stagnated at 3.55% a year on Tuesday (Feb 15), in line with central bank data.
Parcel delivery company Sameday, owned by eMag, has leased a space of almost 4,360 square meters in the Globalworth Square building for a five-year period.
Real estate investments in Romania neared EUR900 million in 2021, with over a third of the amount transacted being recorded in the last three months of the year, in line with data from real estate consulting firm Colliers Romania.
Scandinavian furniture and home products retailer JYSK continues expansion in Romania and opens a store in Aiud, Alba County, on Thursday, February 17, reaching a network of 114 stores in the country.
World Class Romania, the largest fitness center network in the country, is aiming for revenue of almost EUR35 million, the level recorded in 2019, the company officials say.20681 items