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Supermarket and convenience store chain Profi, held by buyout investor Mid Europa Partners, has promoted the company’s Chief Financial Officer (CFO), Dumitru Dragomir, to the position of vice-president, business efficiency manager.
German company AMF-Bruns will invest approximately EUR6.8 million in a factory located in Roman (Neamt County, eastern Romania), where it will produce laser parts and welded assemblies for mobility systems and for the automotive industry.
Home Delivery, the residential freight delivery unit of carrier Gebrüder Weiss, posted 85% increase in revenue in Romania year-on year in 2020. The number of shipments was 123% higher or more than 130,000.
Supermarket and convenience store chain Profi held by buyout investor Mid Europa Partners, opened 31 stores in the first two months of the year, 15 in January and 16 in February.
The performance of the banking sector depends on the performance of the economy, and they will be convergent, while the economic growth will be moderate in 2021 and have a positive effect on lending, says Francois Bloch, chief executive officer of BRD-SocGen.
Romanian lawmakers on Tuesday approved the country's 2021 state budget in the form proposed by the government, meaning a cash deficit target of 7.16% of the gross domestic product and frozen wages in the public sector.
Romanian software developer Life is Hard (LIH.RO) reported a net profit of RON1.12 million for 2020, down 21.13% compared with 2019.
Around 83% of Romanians are trying to set aside more money to adapt to pandemic-driven uncertainties, compared with a European average of 66.5%, a recent global survey by ING found.
Bittnet Systems (BNET.RO), a local integrator of IT&C solutions and provider of training services in the IT sector, announced Tuesday on the stock market the early close of Stage 2 (private placement) of the capital increase operation with new cash contributions of RON491,645.
Romania's competition authority said Tuesday it was analyzing the acquisition of Crédit Agricole Bank Romania by Vista Bank Romania.
Regional investment fund SIF Moldova (SIF2.RO) has received the approval of Romania’s Financial Supervisory Authority (ASF) to change its name to Evergent Investments, a measure proposed and approved by the company’s shareholders in the autumn of 2020.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, continues the accelerated growth of the last days, reaching 1.68% a year on Tuesday (March 2).
Packaging manufacturer Promateris (PPL.RO), formerly known as Prodplast and held by businessman Florin Pogonaru, ended 2020 with consolidated sales of RON116.1 million, up 39% from 2019, an evolution largely influenced by the production of biodegradable and compostable packaging.
The first signs of a rebound in tourism industry will show this year, says Calin Ile, chairman of the hotel industry in Romania FIHR and he expects the sector to recover 25% of last year’s decline. Even though the rebound will not be complete but gradual, the signs are good.
Corrugated cardboard and toilet paper producer Vrancart Adjud (VNC.RO), owned by SIF Banat-Crisana and Paval Holding, ended 2020 with a net profit of RON18.4 million, down 44.5% from 2019, and revenue of RON285.6 million, down 5% on the year, per calculations by Ziarul Financiar based on the company’s annual preliminary financial report.
Agroland Timisoara (AG.RO), the Romanian company with the largest network of agricultural stores in Romania, was listed on the Bucharest Stock Exchange (BVB) on March 1, 2021 and closed at RON21.2 per share after its first trading session.
Bittnet Systems (BNET.RO), a group of IT companies, listed on the Main Market of the Bucharest Stock Exchange, on Monday announced the signing of an M&A investment agreement with the shareholders of Servodata (a company operating in the Czech IT&C industry).
Romanian cybersecurity company SafeTech Innovations (SAFE.RO) reported consolidated revenue of RON14.7 million for 2020, up 43% versus 2019, and a net profit of RON3.1 million, up 148% on the year.
Shareholders of real estate developer Practic Bucuresti (PRBU.RO), held by Radu Dimofte, have approved the company’s income and expense budget for 2021 and envisages a turnover of RON35.4 million and a net profit of RON23 million.
ELKO Romania, the local division of Latvian distributor of IT and consumer electronics products, has rented 1,800 square meters within logistics park CTPark Bucharest, operated by CTP, the largest long-term developer and manager of premium industrial and logistics parks in Romania and Central and Eastern Europe.18948 items