Found 19043 news
Getica 95, the biggest local energy supplier on the competitive energy market, has filed for insolvency at the local court in Buzau on June 15.
Spanish-held Inditex group, the owner of Zara and other fashion brands, saw its sales shrink by 27% to RON1.3 billion last year. The group lost the top position on the fashion retail market to Polish-held discount store chain Pepco, whose sales rose slightly, 2%.
The owner of the largest Romanian-held grain trader Cerealcom Dolj, Mihai Anghel, hopes to make the first RON1 billion in grain trade revenue this year, after having posted growth of 15% over 2020, the company officials say. The expectations are for the fiscal year started July 2020 and ending June 2021.
Sanador, the fourth largest private medical services operator in Romania by turnover, has opened a new clinic, on the groundfloor of the One Tower office building in Bucharest’s Calea Floreasca area, which engulfed EUR6 million.
Cameron Romania, the largest supplier of equipment and services for the local oil industry, had a turnover of RON1.17 billion in 2020, down 10% from 2019 level, per finance ministry data.
River freight transporter Transport Trade Services (TTS) said in a stock market report on Tuesday that British investment trust Utilico Emerging Markets PLC has reached the 5% threshold of the share capital of TTS.
Farmec Cluj-Napoca, the biggest local cosmetics manufacturer, said Wednesday it has invested over the last year a total EUR500,000 in the manufacturing of biocides for personal and medical use and it has sold over 2 million sanitizer-type items.
Shares of agricultural company Agroland Agribusiness (AAB.RO) started trading Tuesday on the AeRO market of the Bucharest Stock Exchange, reaching a price of RON36/share by noon, 33.3% higher than the private placement price.
Verona Cojocaru, specialist with over 20 years of experience in financial audit, has been named Partner within EY Romania's Audit department starting July.
Local startup easySales, which set up a B2B platform for automating and centralizing e-commerce activities, announced it has integrated merchant access to online furniture and home décor retailer Vivre.
Porsche's local engineering division will be opening a second office in Romania, in Timisoara, after the one established in 2016 in Cluj-Napoca.
Dante International, the company that runs online retailer eMAG, posted RON107.3 million net profit in 2020, an increase of 117% year-on-year, Finance Ministry data show.
Romanian cybersecurity company SafeTech Innovations (SAFE.RO) seeks to raise RON8 million from stock market investors through a share capital increase.
Coca-Cola HBC Romania, the leader of the non-alcoholic ready-to-drink beverage market in Romania, and Quadrant-Amroq Beverages, the Pepsi bottler, which ranks second among NARTD beverage producers, saw a decline in revenue at the same rate, 11%, in 2020.
More than 10,000 employees or 10% of the total employees in Bucharest work in the IT&C sector, ZF has calculated from national Statistics Institute data. In Cluj, 9% of the employees work in the IT sector and in Iasi almost 8%.
German-held automotive component manufacturer Dräxlmaier will be investing EUR200 million at its factory in Timisoara (western Romania), over the next six years, to produce batteries for electric vehicles, Timisoara mayor Dominic Fritz said Monday.
Half of the 12 million shares bought by large investors in the initial public offering (IPO) preliminary to the listing of river freight transporter Transport Trade Services (TTS) on the Bucharest Stock Exchange was acquired by three investors, respectively, Paval Holding, Dutch group NN and private pension fund VITAL.
Romania's finance ministry on Monday raised 255 million lei (EUR51.8 million), above the planned RON200 million, selling a new issue of bonds maturing in April 2036 at an average yield of 4.18%, central bank data showed.
Medical operator Medima Health, specialized in medical imaging and radiology, is expanding and opening its fifth clinic, in Otopeni, following an investment of EUR1.5 million.19043 items