Romania Feed
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ZF English - 06:10 Aug 24, 2023
Banca Transilvania, Romania’s biggest lending institution, is convening its shareholders for September 29, 2023, to approve, among others, the distribution of RON902.5 million under the form of dividends. -
ZF English - 05:59 Aug 24, 2023
Sole Mizo Romania, part of Hungary’s Bonafarm, for 2022 reported turnover worth RON176.5 million (EUR35.8 million), up 17.6% from the previous year, in line with ZF calculations based on Finance Ministry data. -
ZF English - 05:49 Aug 24, 2023
Nitramonia BC, the company managed by Eusebiu Gutu previously known as Popasul Trebes, reached RON2 billion revenues in 2022, thus entering the league of RON billionaires. -
ZF English - 18:05 Aug 23, 2023
Tinervis Group, the company that operates the Luca chain of pretzel shops, held by entrepreneurs George Adragai and Mircea Cosmin Postole, posted almost RON368 million (EUR74.6 million) sales in 2022, up 75% from the previous year’s RON209.5 million (EUR42.6 million), Finance Ministry data show. -
ZF English - 16:10 Aug 23, 2023
Financial investment company Evergent Investments (EVER.RO) made transactions with shares in major energy companies – Nuclearelectrica (SNN.RO), Romgaz (SNG.RO) and OMV Petrom (SNP.RO) in April-June 2023. -
ZF English - 13:57 Aug 23, 2023
Cocor (COCR.RO), the company that manages the shopping center by the same name in downtown Bucharest, posted RON993,546 net profit in the first half of 2023, down 11.1% on the year-ago period, on RON7.4 million revenue, 14.8% higher, it said in its financial report to the Bucharest Stock Exchange. -
ZF English - 11:37 Aug 23, 2023
Italy’s Intesa Group, which owns a bank in Romania, is in talks to buy First Bank, competing with Vista Bank over it, banking sources say. -
ZF English - 11:07 Aug 23, 2023
Natalie Thompson (32), currently Head of Marketing and Communications at MBGD in Dubai, will take over as CEO of Mercedes-Benz Romania from the fourth quarter of 2023. -
ZF English - 10:23 Aug 23, 2023
Romania ranks third among European countries with cheapest housing, after Bosnia and Herzegovina and Greece, as the average price of a new home is EUR1,417/square meter, up from EUR1,266/square meter in 2021, Deloitte Property Index 2023 survey says, which compiles data from the main cities of 27 countries. -
ZF English - 08:59 Aug 23, 2023
Datacor, a major integrator of electrical, telecom and security systems in Romania, registered revenues of above EUR7 million in the first half of this year and expects revenues to double in 2023. -
ZF English - 06:04 Aug 23, 2023
Sales of ASBIS Romania, the local subsidiary of Cyprus-based ASBIS, a developer and provider of products, solutions and services in the TIC and IoT field for EMEA markets, surged 76.7% in the second quarter of 2023. -
ZF English - 05:54 Aug 23, 2023
Spain’s Inditex group, one of the world’s biggest fashion retailers, is set to bring to Romania the only brand that was not present here, namely Lefties. -
ZF English - 05:43 Aug 23, 2023
Net profit at the level of the Romanian banking system at the end of the first half of 2023 hit a record high of RON6.9 billion, up over 40% from the gain reported for 1H/2022. -
ZF English - 19:01 Aug 22, 2023
Romanian-held growth equity fund Agista, which is in the process of being licensed by Romania’s Financial Supervisory Authority has signed a contract to buy a minority stake in medical clinic network Centrokinetic, which specializes in orthopedics, neurology and medical rehabilitation, the fund announced. -
ZF English - 17:55 Aug 22, 2023
The sale of OTP Bank Romania is going ahead, and in Bucharest these days there are "management presentations" between OTP and the three banks it is in talks with. -
ZF English - 16:13 Aug 22, 2023
Bakery company Moara Cibin (MOIB.RO) held by Boromir, ended he first half of 2023 with RON2.7 million net profit, compared with a loss of RON184,700 in the year-ago period, on RON113.5 million revenue, 13.3% lower, the company said in the first half financial report to the Bucharest Stock Exchange. -
ZF English - 13:24 Aug 22, 2023
DIY retailer MAM Bricolaj (MAM.RO), which sells furniture materials and accessories, ended the first half of 2023 with RON200,409 net profit, a 60% decline compared with the first half of 2022, on RON26.9 million sales, 3% lower year-on-year, the first half financial report to the Bucharest Stock Exchange shows. -
ZF English - 11:21 Aug 22, 2023
Romanian-held fast-food chain Fryday will grow to eight restaurants by the end of November, in only four years after opening. Its founder, Suceava entrepreneur Lucian Florea expects EUR5 million sales, double as much as last year. -
ZF English - 08:45 Aug 22, 2023
Museum of Immersive New Art (MINA), an innovative initiative presented by George.BCR and conceived by One Night Gallery and Le Petit, is set to open starting August 25 in Bucharest and become the first immersive space in Romania and the largest new media art center in Southeastern Europe. -
ZF English - 07:50 Aug 22, 2023
Publicis Groupe, a marketing, communications and digital transformation group, present for over 25 years on the Romanian market, is launching a new communications and PR agency, Publicis Relations, which is aiming to bring onto the local landscape a different business or society problem solving approach.