ZF English
Source:
http://www.zfenglish.com
Found 15900 news
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ZF English - 04:00 Jul 05, 2024
Phonetastic GSM a local distributor of smartphones, gadgets and other IT&C equipment, posted RON200.3 million (EUR40.3 million) revenue last year, 27% lower than in 2022, Finance Ministry data show. -
ZF English - 04:00 Jul 05, 2024
Germany’s BMW Group expects its new IT and software it opened in Cluj-Napoca together with Japan’s NTT Data Group to reach 1,000 employees in a few years from the current 120 at the moment, as a result of the high demand for digitalization solutions, the representatives of the two partners said a press conference. -
ZF English - 21:27 Jul 04, 2024
The most important investment project for pharmaceutical group Zentiva Romania in 2024 is to manufacture at its two plants in Bucharest medical drugs included in the parent company's portfolio. -
ZF English - 20:33 Jul 04, 2024
Aripi, BCR Pensii, BRD Pensii and Metropolitan Life Pensii Private are the Pillar II private pension funds that sold about 3.4 million Banca Transilvania (TLV.RO) shares in May, as their investment in this issuer was close or above the 5% of the net asset value cap. -
ZF English - 20:31 Jul 04, 2024
Aramis Invest, the largest local furniture producer, held by local entrepreneurs Vladimir Iacob and Marius Selescu, reported a net profit of RON74.6 million (EUR15 million) for 2023, up nearly 73% from a net gain of RON43.1 million (EUR8.7 million), according to calculations by Ziarul Financiar (ZF) daily based on finance ministry data. -
ZF English - 18:13 Jul 04, 2024
In 2021, European Union member states lost around EUR61 billion in uncollected VAT, of which over EUR8 billion in Romania alone, placing the country third among European states in terms of non-collection of VAT, i.e. the difference between forecasted and actual VAT revenues, according to a European Commission report. -
ZF English - 18:07 Jul 04, 2024
Belgium’s Bekaert has signed an agreement to buy 100 GWh worth of wind power from Romania with electricity generation company Rezolv Energy, held by UK investment firm Actis. -
ZF English - 14:20 Jul 04, 2024
Investment company Omnia Capital, founded by Matei Ladea and Bogdan Georgescu, is continuing its consolidation process and buying 44.67% in Cargo Buddy, a a comprehensive online platform offering logistics and transportation solutions in Romania. -
ZF English - 11:30 Jul 04, 2024
Romania's Ministry of Finance has attracted over RON2.1 billion (EUR435.5 million) through the third primary offer of Fidelis government bonds, intended for the population, held this year through the local capital market, as per a stock market report published at the Bucharest Stock Exchange on July 4. -
ZF English - 11:21 Jul 04, 2024
Maria Boldor, who was promoted to Partner within the international management consultancy group Horváth this spring, has also become the Managing Director of the Bucharest team after 17 years with the company. -
ZF English - 11:07 Jul 04, 2024
French real estate group Catinvest is investing EUR36 million to expand ElectroPutere Parc from Craiova, along with the opening of the new Leroy Merlin store and the acquisition of the former Leroy Merlin store, which will be converted into a 11,000-square meter extension of the ElectroPutere Mall. -
ZF English - 08:22 Jul 04, 2024
Over half (56%) of non-financial companies in Romania have perceived a worsening of the economic situation nationally in the past six months, reveals a survey conducted by the central bank BNR, but sentiment has improved compared with previous reports (64% in December 2023, 61% in March 2023 and 70% in March 2021). -
ZF English - 07:48 Jul 04, 2024
Fidelis issues, via which Romania’s government sells government bonds to retail investors at non-taxable interest rates that are often more attractive than banking offers, will have a higher frequency during a year since, as authorities say, demand is rising. -
ZF English - 06:10 Jul 04, 2024
Bio Eel, specialized in drug production and wholesale, with a plant in Targu-Mures, in 2023 posted turnover worth around RON905 million (EUR183 million), up 33.6% from 2022, in line with ZF calculations based on Finance Ministry data. -
ZF English - 06:03 Jul 04, 2024
Technical plastic solutions developer Reinert Junststofftechnik, acquired in late 2019 by Germany’s CCBA Vewaltungs, for 2023 reported turnover worth RON185.8 million (EUR37.6 million), up around 19% from 2022, in line with ZF calculations based on Finance Ministry data. -
ZF English - 05:54 Jul 04, 2024
Israeli-held Sinaia SA, which manages two hotels in mountain resort Sinaia, in 2023 reached RON66 million turnover, up 20% from 2022, and managed to also boost its net profit to RON24.5 million. Thus, the company had a 37% profit margin in tourism. -
ZF English - 05:47 Jul 04, 2024
Infomed Fluids, one of the largest drug makers with a local plant, ended 2023 with RON277 million turnover, up 45% from 2022. -
ZF English - 20:31 Jul 03, 2024
Video game development industry in Romania has been dominated by multinationals for many years, as the top actors are still Electronic Arts (US), Ubisoft (France) and Gameloft (France), but two Romanian-held companies, Amber Studio and Green Horse Games, made it into the top five last year. -
ZF English - 19:31 Jul 03, 2024
Promateris (PPL.RO), a leading Romanian industrial group that manufacturers biodegradable and compostable packaging, has proven that accessing Norwegian funds can turn an innovative idea into a success story. -
ZF English - 18:14 Jul 03, 2024
Asbis Romania, the local subsidiary of Cyprus-based ASBIS, a developer and provider of ICT and IoT products, solutions and services for the Europe, Middle East and Africa (EMEA) markets, returned to net profit in 2023 and its turnover soared, as per data from the company's balance sheet submitted at the finance ministry.
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