Salt Bank, which has a EUR5 million bond issue with an 8.5% yearly yield and maturing on December 18, 2024 listed on the Bucharest Stock Exchange, posted RON31 million losses in the first half of 2024, as the bank prepared for the launch of its mobile app. The losses in the first half of 2023 stood at RON1.5 million.
IKEA wants to open more stores in Romania and is looking at several cities and also the possibility of adding more stores in Bucharest, where it already has two, says Jesper Brodin, CEO of Ingka Group, the largest IKEA franchiser.
Miele Tehnica Brasov, the subsidiary of Germany’s Miele Group, has leased a 2,000 square meter shed from VGP Brasov to expand its manufacturing area and will use the space to assemble drives and pumps for home appliances.
Froo Romania Retail, a company of Poland’s Żabka Group, has opened its 20th franchised store in Romania, on the Iuliu Maniu Boulevard in Bucharest. This is its largest store in the country.
Leoni Wiring Systems, which had received approval for EUR4.77 million state aid in October 2023, has notified the Finance Ministry of its decision to drop the implementation of the investment project as the German-held group is undergoing restructuring of the local operations.