Romanian fast food chain Fryday, established by Suceava entrepreneur Lucian Florea, has grown to nine restaurants and ended last year with RON28.6 million (EUR5.7 million) revenue, double as much as in 2022.
Romania's economic growth of 2.1% in 2023 was generated almost 50% by the construction sector, which ended up accounting for 8% of the country's GDP, compared to 6% in 2018.
Banca Transilvania (stock symbol: TLV), the largest lender in Romania, by assets, has announced that its Board of Directors decided on March 19, 2024 to approve the buyback of a maximum number of 2 million shares (out of a total 5 million shares approved to be repurchased by shareholders), as per a report published at the Bucharest Stock Exchange (March 19).
CEC Bank, a lender held by the Romanian government via the Finance Ministry, climbed to 3rd place in the ranking of the largest banks in Romania by assets in 2023, overtaking BRD, which is held by French group Societe Generale.
Omniasig, the largest company in the local portfolio of Austria's Vienna Insurance Group (VIG), ended 2023 with an increase of 12% in gross written premiums compared to 2022, up to a total RON2.4 billion, in line with data provided by the insurer.
On March 19, the closing event of the twinning project financed by the European Union “Consolidation of supervision, corporate governance and risk management in the financial sector” took place in Chisinau.
Meta Estate Trust (stock symbol: MET), a holding company active in the real estate sector, announced in a stock market report on March 19 that it acquired the company Poiana SPV 6814 SRL, in order to strengthen Meta Estate's position in Poiana Brasov, an area of investment interest, and to over-guarantee Meta Estate's shareholders' investment made so far.