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Hakim Boutehra, who in August 2016-February 2021 ran Renault Commercial Roumanie as general manager and then served as general manager of Renault South Eastern Europe took the position of managing director with Stellantis for Algeria, Tunisia and Libya, based in Morocco, last month.
Dental clinic chain Dr. Leahu reported total revenue of over RON59 million in 2020, up 18% on the year, and a net profit of RON3.1 million, up 7.5% on the year.
Giant Amazon will have a majority presence in Palas Campus, a project worth EUR120 million of Iulius Group, which is to become one of Amazon’s most powerful centers in Europe.
Real estate developer Practic Bucuresti (PRBU.RO), held by Radu Dimofte, has summoned its shareholders on April 15 to approve the proposition of the company’s Executive Board to distribute the amount of RON10.5 million from the 2020 net profit as dividends, per a stock market report.
Hotel transaction volume in Romania declined 87% in 2020, to around EUR9.5 million, from EUR75 million in 2019, as the pandemic put investor activity on hold and many sellers postponed their planned sales, real estate consultancy company Cushman & Wakefield Echinox said in a report Thursday.
Romanian entrepreneur Cristian Pandel, founder of Memento Group, which includes tour operator Christian Tour, and Lucian Aldescu, founder of delivery firm Pegasus and former CEO of DPD Romania, have launched a new courier service company, Memex.
Aaylex Group, owned by entrepreneur Bogdan Stanca, which produces and sells poultry meat under the Cocorico brand, has invested EUR15 million in a new production unit to produce all-natural chicken sausages.
Real estate developer One United Properties said Thursday it has repaid a four-year bond issue totaling EUR20 million ten months ahead of maturity.
Bergamot Developments, owned by Impact Developer (IMP.RO), has contracted a EUR5.7 million loan from Libra Internet Bank to refinance its loans from parent-company.
Delgaz Grid, German utility group E.ON's natural gas and electricity distribution company in Romania, said Thursday it is prioritizing the automation of its electricity distribution infrastructure.
German automotive group Continental invested over EUR150 million in its Romanian operations in 2020 and plans a similar investment budget for 2021.
The volume of deposits per capita stands at more than RON24,000 in Bucharest-Ilfov, while the lowest volume is in Giurgiu County, RON2,160, 11 times less than in Bucharest, ZF has calculated from Romania’s central bank and National Statistics Institute data.
Romanian Bega Group, owned by Marius and Emil Cristescu, opened the new ibis Timisoara City Center hotel at the beginning of March, following an investment of EUR10 million.
Novator Pharma SRL, which has been operating in Romania since 2018, has got its EUR4.8 million state aid application granted for an investment almost three times that amount, EUR13.7 million, a Finance Ministry list shows.
PPF Real Estate, a developer and real estate assets investor held by Czech billionaire Petr Kellner, seeks again to buy office or even industrial buildings in Romania.
Romania's annual inflation rate grew to 3.2% in February from 3% in January, still driven by higher electricity prices following the liberalization of the country's retail electricity market on January 1, data from the country's statistics board showed Thursday.
OMV Petrom, the largest energy company in South-Eastern Europe, said Wednesday it has signed a production sharing contract for the offshore Block II in the exclusive economic zone of Georgian Black Sea.
Gramma Wines, a Romanian winery based in Iasi, plans to invest over EUR1 million this year in eight tiny guesthouses in the vineyard and two new spaces for wine tasting and presentations.
Catted Business Park, an industrial park developed exclusively for SMEs by Catted Group in Chitila, near Bucharest, has been fully let in just six months since its construction.
Visionapartments, a company owned by 44-year-ld Swiss millionaire Anja Graf, signed an agreement Wednesday to acquire the former Ramada Majestic hotel located on Calea Victoriei in downtown Bucharest.18948 items