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Suceava-based meat products maker Killer saw its sales slide by 20-30% amid the lack of private and corporate events, hospitality industry restrictions and rising prices of commodities and utilities. Thus, from around RON90 million in 2021, flat from 2019, sales dropped below RON75 million, in line with ZF calculations.
Store chain Profi, owned by investment fund Mid Europa Partners, in the first 11 months of this year opened 154 new stores, with most of them, around half, under the Loco format destined to rural areas.
Jan Demeyere, co-founder of Speedwell, one of Romania’s most dynamic real estate developers, said the company has Iasi, Sibiu and Brasov, with a good life quality, on its investment radar.
Safety Broker, Romania’s biggest insurance broker, was sold to Poland's Unilink, the biggest insurance brokerage group in Central and Eastern Europe (CEE)..
BET, the benchmark index of the Bucharest Stock Exchange, declined by 3.5% in November 2021, which was its weakest month since October 2020, according to Bucharest Stock Exchange data.
PPF Real Estate, a developer and investor with real estate assets of over EUR2.5 billion globally, has carried out an investment of almost EUR1 million to renovate the ground floor of the Metropolis Center building and of the small square in front of the building.
Prime Kapital has opened a new shopping center in the town of Ploiesti, called Prahova Value Centre, and has started the sale process for the Pleiades Residence residential complex.
Multinational media and digital marketing communications group dentsu has appointed Florian Skala to the position of Chief Commercial Officer, a strategic position at senior management level created to consolidate the growth and commercial operations of the group in Romania and on the markets in Southeast Europe.
Parcel delivery company Cargus has inaugurated nine warehouses in 2021 and its expansion plans target the opening of six new logistics centers in 2022, the company said in a statement.
Romania's finance ministry will be launching three new bond issues for the general population Monday, December 6, which can be subscribed until December 20, 2021.
Construction group TeraPlast announces the expansion of its management team with the appointment of Laszlo Vajda as development director. He will start work in December and will coordinate development strategies for all companies within the group.
In 2019, Romania recorded the highest national VAT compliance gap with 34.9% of VAT revenues going missing in 2019, placing it first among European Union Member States, in line with a PwC analysis citing data from the European Commission report released on December 2, 2021.
Libra Internet Bank, the first bank in Romania to offer a 100% online bank account and 100% online loan, continues the financing through the capital market and lists its second bond issue, worth EUR40 million. The bonds are traded on the Bucharest Stock Exchange’s Main Market, under the ticker LIBRA28E, on Friday (December 3).
Cris-Tim, one of Romania’s biggest entrepreneurial businesses, is considering new market segments, but also boosting its operations set to generate around EUR150 million this year, up 17%.
Valcea-based healthy food producer SanoVita, founded in 1995 by three entrepreneurs, ended the first nine months of this year with 12% higher revenues and expects to hit RON85 million turnover in 2021, according to its officials.
Meta Estate Trust, a holding-type company operating in the real estate field, has successfully completed the last private placement ahead of AeRO listing scheduled for 2Q/2022.
Footwear retailer Benvenuti, controlled by local entrepreneur Dan Pavel, opened the sixth Enzo Bertini store in Romania, and the third in Bucharest, in Sun Plaza Bucharest.
Cosmin Buzaianu, a stakeholder in Focsani-based packaging maker Electric, says the company has invested EUR2.5 million to double production capacity for all packaging types.
Agricola Bacau, a major player on Romania’s poultry market, also producing cold cuts, as well as ready meal items and eggs, invested in its own research center to tailor supply to market demand, said Grigore Horoi, the chairman of Agricola group, with revenues of above RON730 million in 2020.
Oradea-based producer of PVC and aluminum windows and doors Optimedia, owned by Romanian entrepreneurs Marius and Simona Pantis, for the first 11 months of 2021 reported turnover of around EUR41 million, 44% higher than in the same period of last year.20681 items