Special steel producer COS Targoviste, a company managed by judicial liquidator Mastro SPRL, will officially launch bankruptcy procedures, in the wake of a court ruling of October 4.
2Performant, the main player on Romania’s affiliated marketing market, listed on the AeRO market of the Bucharest Stock Exchange, has announced sales generated by its own platform reached EUR24 million (VAT not included) in the third quarter of 2022, up 42% from the year-earlier period.
MedLife, leader of Romania’s private healthcare market, controlled by Marcu family, has signed an agreement to take over 51% in Provita group stock.
Lithuania’s car sharing company Spark, which started operating in Bucharest in 2019, expects its number of clients to rise by around 10% during 2022 and plans to further develop its services in the corporate area, said Cristian Prichea, the new country manager of Spark Romania.
Software services company Qualysoft Romania, part of the Austrian group of the same name, ended 2021 with turnover of above EUR3 million, up around 95% on the year and expects over 65% turnover growth in 2022, according to Radu Postolache, the company’s general manager.
Timis family, founder of cold cuts empire CrisTim, plans to invest EUR7 million in a winery in Chitorani locality, Prahova county, where Casa Timis is also located.
Paval Holding, the Paval brothers' company that also owns Dedeman, is close to buying the first phase of the U Center office space development in the Tineretului area in Bucharest from Forte Partners, real estate market sources say.
With almost 0.5 million square meters under construction and 44% of the surface area under construction already pre-leased, the modern industrial space stock in Romania stood at 5.9 million sqm in the first half of 2022, as per data from real estate consulting firm CBRE Romania.
Trucking company Dolo Trans Olimp (DTO), controlled by entrepreneur Cristian Dolofan), ended the first half of this year with a 40% increase in revenue, the chief executive officer of the company said.
Victor Capitanu and Liviu Diaconescu, co-founders of real estate developer One United Properties (ONE.RO), on Monday (Oct 3) purchased 17.9 million ONE shares each at a price of RON1.048 per unit, with the total reaching RON37.6 million, as per calculations by Ziarul Financiar (ZF) daily based on stock market data.
The prices of old three-room apartments in Bucharest went down, on average, by EUR750 or 0.7% to EUR108,350 in September. The decline is higher than the EUR150 registered in August versus July, shows the ZF Real Estate Index done in partnership with real estate consulting company SVN Romania.
Law firm Wolf Theiss assisted Calin Ioan Ianta and Radu Ionescu-Heroiu, the shareholders of Romanian dietary supplements manufacturer Dacia Plant, in the process of selling a majority stake to Belgian-based Ceres Pharma, a pharmaceutical company active in women and family healthcare.
BCR, the second largest lender in Romania by assets after Banca Transilvania, has taken a RON334 million bond issue to the Bucharest Stock Exchange, which processed it on Tuesday. The issue has a six-year maturity (2028).
Cluj-based dairy producer Bonas Import Export (BONA.RO) said in a stock market report that Marius Marian-Alexe, a member of its Board of Directors, bought a total 168,029 company shares.
Integral Venture Partners, a private equity and growth equity fund focused on Central and Eastern Europe, is investing in national medical clinic network Medima Health, which specializes in imaging and radiology, alongside current majority shareholder Morphosis Capital.
US-held company Bucharest Properties REIT plans to fully lease Phase 3 of the Vitan Estates residential project, which is Bucharest’s first residential development exclusively for rental, based on an American concept.
DataArt, a global software engineering company, has acquired Lola Tech, a Romanian leading software development agency, as part of the former's strategy to continue expanding its global network and investing in top-tier IT talent.
IKEA Romania reported a 2.5% increase in total sales in 2022 fiscal year (FY) as compared to the previous 12-month period, and an over 13% rise in online sales.
Industrial production prices for the domestic and non-domestic markets grew by 53% in August 2022 versus August 2021, data from Romania’s statistics board INS showed on Tuesday (Oct 3).
Iulius Group, the real estate developer controlled by Iulian Dascalu, has completed United Business Center 0, the fourth office building in the Iulius Town complex, a project built in Timisoara with partner Atterbury Europe.