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Angst group, one the largest meat processors in Romania, has three small specialist stores under its own brand operational at the moment and plans to continue development.
Cora is further expanding its Cora Express service by launching a new partnership with tazz, eMAG’s home delivery platform, for clients of Bucharest, Cluj-Napoca, Constanta, Bacau, Drobeta and Ploiesti.
Romania's central bank decided on Friday (August 6) to hold the benchmark interest rate at a record low of 1.25% a year.
FintechOS, a global technology provider for banks, insurers and other financial services companies, launched in 2017 by Teodor Blidarus and Sergiu Negut, has announced a $10 million investment from the International Finance Corporation (IFC), a member of the World Bank Group, as part of its $60 million Series B funding round.
The Global City office space complex, included in the portfolio of real estate investment company Arion Green, was awarded the WELL Health-Safety rating, which is the latest assessment standard of the International WELL Building Institute for limiting health risks.
The e-Learning Company, a provider of e-learning content for companies and part of Bittnet Group (BNET.RO), on Friday said it ended the first half of 2021 with a turnover of RON1.49 million, up over 60% from the same period in 2020, and a net profit of RON363,000, up 50% on the year.
Intesa Sanpaolo Romania, the local subsidiary of Italian Intesa Sanpaolo Group, on Friday said it ended the first half of 2021 with operating revenue of EUR19 million, down 7.2% from the year-earlier period, per data released by the parent bank in Italy.
ROCA Investments, the investment division part of Impetum Group, is selling refrigeration solutions manufacturer Frigotehnica to Vinci Energies, part of French Vinci Group, a world leader in concessions, construction and energy.
Eight years after starting investments at Sebes-based Star Assembly, with the sums now topping EUR550 million, the German concern kicks off plan to “convert” its production units in Romania to make parts for future electric vehicles.
BRK Financial Group (BRK.RO), the only broker listed on the Bucharest Stock Exchange (BVB.RO), said in a stock market announcement that it closed a private placement of bonds whereby it raised RON25 million.
The first half of 2021 saw the number of newly-set up companies hit a peak compared with the similar periods of the previous years, with over 79,700 companies being established in the first six months of the year, in line with Trade Registry data.
In the first six months of 2021, international chains opened 170 units of the around 400 previously planned. Some networks are stepping up expansion in 2H to hit their target.
Carpathian Springs, the bottler of AQUA Carpatica mineral water brand, launched the 330ml sparkling water can on the Romanian market. The Romanian company held by Jean Valvis is thus starting the canned mineral water market in the country.
Romanian-held Laboratoarele Fares Bio Vital, posted almost RON102.7 million (EUR21.3 million) revenue in 2020, an increase of 25% year-on-year from the RON81.9 million (EUR17.3 million) of 2019, ZF has calculated from Finance Ministry data.
Stanleybet Capital of the Game World Group, one of the main sports betting and gambling operators in Romania, has raised RON19.8 million lei from investors in a private placement of bonds brokered by Goldring, which started on July 27 and ended on August 5.
Romanian state-owned power grid operator Transelectrica (TEL.RO) said Thursday in a stock market announcement that it drew up a list of minimum 20 strategic projects which will make the electricity transmission grid flexible in order to ensure a gradual transition to neutral economy in terms of carbon emissions.
Greece’s OTE has officially announced the estimated cost to pay to buy the former Romtelecom stake in the former Cosmote Romania, the last hurdle for the takeover of the former fixed telephony monopoly in Romania by France’s Orange.
Lithuanian hotel operator Apex Alliance, which owns and operates four hotels in Bucharest, has finalized its EUR42 million investment in Bucharest’s Old Town.
Telekom Romania Group on Thursday said its EBITDA (earnings before interest, taxes, depreciation, and amortization) adjusted under IFRS-16 grew 14.5% year-over-year to EUR41.4 million, in the second quarter of 2021.
Low-cost airline Wizz Air will be operating flights on two new routes, from capital Bucharest to Gran Canaria (Canary Islands, Spain) and from Cluj-Napoca (north-western Romania) to Billund (Denmark), respectively, this autumn.19043 items