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Sweets producer Mars Romania, part of the Mars group, one of the largest foods businesses in the world, ended 2020 with RON568 million revenue, 3.4% lower year-on-year, data from financial analysis platform Confidas show.
Profi store chain, controlled by Mid Europa Partners investment fund, is raising its bet on rural areas, with almost half of the 90 stores opened in 2021 being under the Loco format, destined to villages and communes.
Agrana Romania, the biggest player on the Romanian sugar market, ended 2020 with turnover worth RON760 million, 27% higher than in 2019, in line with Finance Ministry data.
German-held retailer Tedi, operating on the non-food segment, is readying to enter the Romanian market, already having 30 rental contracts signed, according to ZF sources.
Pharmaceutical company Ropharma (RPH.RO) held by several Cyprus-based companies has secured approval from shareholders to sell an 8,852 square meter plot on Soseaua Bucium in Iasi to Rewe Projectentwicklung Romania, the real estate arm of Germany’s retailer Penny.
Local furniture manufacturer and interior design consultant Theta has leased 1,000 square meters in the City Gate office buildings and will relocate its central office and showroom there by March 2022.
The new travel restrictions, namely the inclusion of Greece, France and Spain on the red list and of Turkey on the yellow list, are significantly pushing up demand for the Romanian seaside.
Steel mill Liberty Galati, Romania’s only integrated steel producer, reported turnover worth RON2.4 billion (EUR492 million) at the end of the second quarter of this year, 37% higher than in the previous quarter of the year, a period that brought the best quarterly performance the company has registered since 2008.
Modern industrial space stock has exceeded 5.4 million square meters after almost 200,000 square meters of new class A industrial space was added in the first half.
Alexandrion Group, the biggest alcoholic beverage producer domestically, with turnover close to RON955 million in 2020, has earmarked EUR600 million investment to build eight distilleries across several continents and expand its distribution network on all the foreign markets holding development opportunities.
Brasov-based mustard and sauce producer Sitemani has completed implementation of a green power generation project worth more than EUR155,000 with the help of E.ON.
Construction material manufacturer Macofil Targu Jiu (MACO.RO), a company with a market capitalization of RON45 million, ended the first half with RON4.9 million net profit and RON26.6 million revenue, its report to the Bucharest Stock Exchange shows.
The births of 14,877 children were recorded in June, 639 fewer than in June 2020 and 1,353 more than in May 2021, National Statistics Institute (INS) data show.
Grain trader COFCO International Romania (formerly Nidera), part of China’s largest agri-food group COFCO, posted its highest profit ever, almost RON60 million, in 2020, five times higher than in 2019, ZF has calculated from Finance Ministry data.
Former Kaufland Romania chief executive officer Adrian Viman is developing a franchised network of Clever Fit gyms, a business that started in Germany.
Sportswear retailer GRID, owned by Romanian entrepreneurs Popa Nicolae and Bogdan Nania, has opened the second store of its Bucharest network, in Afi Cotroceni shopping centre, and thus reached 13 units on the domestic market.
Phoenicia hotel group, controlled by businessman Mohammad Murad, last year generated turnover worth RON95 million, 26% lower than in 2019, when the group’s turnover got close to RON130 million, according to ZF calculations based on Finance Ministry data.
CE Oltenia, an entity currently securing over 20% of Romania’s energy, this autumn awaits the first binding offers for the new generation portfolio it is trying to build by 2026.
The ranking of the 20 largest employers in the Romanian economy was dominated by retailers last year, in line with Confidas.ro data compiled by Ziarul Financiar.
The leu exchange rate is showing strengthening not depreciation and, unlike the floating exchange rate policies of Hungary, Czech Republic and Poland, Romania’s central bank (BNR) kept the exchange rate stable, governor Mugur Isarescu told a news conference called to present the latest inflation report on Monday.18957 items