Romania Feed
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ZF English - 18:34 Oct 25, 2023
Interpork Plus, which sells meat and meat preparations and is part of the Carmistin group, owned by the Paraschiv family, posted RON460.5 million (EUR93.4 million) revenue in 2022, up 52.7% on the previous year’s RON301.6 million (EUR61.3 million), according to ZF calculations based on data from the Finance Ministry website. -
ZF English - 17:53 Oct 25, 2023
Black Friday, one of the busiest periods for retailers and parcel delivery companies, could generate a 10% to 15% increase in deliveries for the latter compared with last year, the actors in the market say. -
ZF English - 15:56 Oct 25, 2023
Romanian shipbuilder Santierul Naval Severnav (SEVE.RO) based in Drobeta Turnu-Severin, has signed a financing contract with the energy ministry, within the National Recovery and Resilience Plan (NRRP), for the production of electricity from renewable sources. -
ZF English - 10:39 Oct 25, 2023
Startups and small companies in Romania, with up to 50 employees, have posted a total 131,000 new jobs from the beginning of 2023 until present. -
ZF English - 10:16 Oct 25, 2023
The BET index of the Bucharest Stock Exchange (BVB) reached a new all-time high in September 2023, showing a level of 14,466 points at the end of the trading session on September 20. -
ZF English - 09:59 Oct 25, 2023
Donalam SRL, the Romanian subsidiary of the AFV Beltrame Group, one of the largest producers of merchant bars and special steels in Europe, continues its presence in both local and international markets. -
ZF English - 07:56 Oct 25, 2023
Freight forwarder Dumagas is set to launch a process of investing in AI-based solutions, digitalization and automation, with a focus on boosting the operational efficiency of the business. -
ZF English - 06:17 Oct 25, 2023
Online supermarket Sezamo, part of Czech group Rohlik, has posted increases of around 50% monthly by volume lately, but the growth potential on the Romanian market is even biggest, particularly on the segment of families, but also pensioners and persons with special diets. -
ZF English - 22:13 Oct 24, 2023
Oyl Company Holding, a company operating in the field of road construction and held by entrepreneur Corneliu Dragomir, ended 2022 with a turnover of RON229.1 million (EUR46.5 million), up 18.3% from RON193.5 million (EUR39.3 million) in 2021, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data. -
ZF English - 21:59 Oct 24, 2023
Concrete prefab manufacturer Prebet Aiud (PREB.RO) has announced in a stock market report on October 24 the conclusion, as seller, of a contract for the supply of prestressed products, whose value exceeds 10% of the net turnover. -
ZF English - 21:34 Oct 24, 2023
Orange Romania, one of the leading players on the local telecom market, registered revenue of EUR384 million for the third quarter of 2023, down 4.7% on the year, as per data provided by the company. -
ZF English - 20:38 Oct 24, 2023
The Supervisory Board of Romania's national grid company Transelectrica (TEL.RO) has approved in its October 24 meeting the extension of mandates for the members of Directorate for Stefanita Munteanu, Catalin Constantin Nadulu, Florin Cristian Tataru and Bogdan Toncescu. -
ZF English - 18:59 Oct 24, 2023
Fondul Proprietatea (FP.RO) has received approval from the Financial Supervisory Authority (ASF) for a new buy-back program of up 12% of its share capital, the Fund’s manager, Franklin Templeton International Services, said in a report to the Bucharest Stock Exchange on Tuesday. -
ZF English - 18:11 Oct 24, 2023
Grain producer Prodcereal in Calarasi County, majority owned by Vasile Stoica (73%) and Lucia Stoica (27%), posted RON93.4 million (EUR19 million) revenue in 2022, up 147% from the previous year’s RON37.8 million (EUR7.7 million), according to ZF calculations based on data from the Finance Ministry website. -
ZF English - 17:38 Oct 24, 2023
The electric vehicle (EV) battery recycling sector in the European Union (EU) will require EUR9 billion investment to expand capacity by 2035 to keep pace with increased production, according to the “EU recycling market” report by strategy&, PwC's global strategy practice. -
ZF English - 15:47 Oct 24, 2023
Online travel agency Vola.ro is entering the Bulgarian market under the brand Vola.bg, which is the first step in the international expansion strategy under this name. Vola is already present in Poland under the name of FRU.pl. -
ZF English - 13:09 Oct 24, 2023
Romania could raise its national income by almost three times in the next three decades while taking action to improve resilience against climate change and reduce carbon emissions, if it continues broader economic reforms, according to the World Bank Group’s Romania Country Climate and Development Report (CCDR) released on October 24. -
ZF English - 12:40 Oct 24, 2023
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has decreased to 6.38% a year on Tuesday (Oct 24), after staying put at 6.40% for 53 days, as per central bank data. -
ZF English - 11:57 Oct 24, 2023
In its 2024 Foreign Exchange Market Outlook released this week, iBanFirst provides Romanian companies, especially those doing international payments, with an overview of key trends for the upcoming year, helping them shape their currency risk management strategy for 2024. -
ZF English - 11:36 Oct 24, 2023
Eszter Martin is the new Chief HR Officer of NN Romania starting November 15, 2023, succeeding Meliha Yardim who has taken over the role of Chief HR Officer in NN Spain.