Romania Feed
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ZF English - 08:49 Sep 09, 2021
In Romania, the online food trade accounts for just 1% of the overall fast-moving consumer goods (FMCG) market, per the latest data from Ziarul Financiar (ZF), but online FMCG sales grow fast along with Romanians’ appetite for this type of retail. -
ZF English - 08:06 Sep 09, 2021
Romanian video game developer Amber reported turnover worth RON50 million in the first six months of 2021, up 45% against the year-earlier period, and expects revenues to grow 36% to RON117 million by the end of 2021. -
ZF English - 07:43 Sep 09, 2021
Tyre distributor Dinamic 92 Distribution, controlled by Tofan family of Piatra Neamt, for 2020 reported turnover worth RON286.5 million (EUR59.5 million), slightly higher on the year, and net profit of above RON11.4 million (EUR2.4 million), up 32% against 2019, according with ZF calculations based on Finance Ministry data. -
ZF English - 07:41 Sep 09, 2021
Romania's trade balance posted a deficit of EUR12.8 billion in January-July 2021, higher by EUR2.8 billion compared with the first seven months of 2020, data from the country's statistics board showed Thursday. -
ZF English - 07:33 Sep 09, 2021
Ramada by Wyndham Targu Jiu hotel, the first four-star hotel under an international brand in Gorj county, opened on September 1. Prices per overnight accommodation start from RON329, in line with booking.com. -
ZF English - 07:15 Sep 09, 2021
Somes Aries agricultural cooperative, made up of over 80 farmers of Bistrita, Salaj, Cluj, Mures and Alba counties, with turnover of above EUR10 million in 2020, is in talks to take over the cheese plant of Taga (Cluj County), from FrieslandCampina, the producer of Napolact brand. -
ZF English - 07:00 Sep 09, 2021
Romanians last year bought 4.1 billion litres of soft drinks for which they paid RON11 billion, with the market shrinking during the course of the pandemic both in terms of volume (by 1.7%) and value (8.8%), in line with data provided by Euromonitor market research firm. -
ZF English - 16:49 Sep 08, 2021
Bucharest Stock Exchange Raises Number of Companies Included in BET-XT, BET-XT-TR and BET-BK Indices
The Bucharest Stock Exchange will expand the maximum number of companies included in the BET-XT, BET-XT-TR and BET-BK from 25 to 30, with the periodic adjustment of September 2021. -
ZF English - 16:01 Sep 08, 2021
The shareholders of Banca Transilvania (TLV.RO), the largest lender in Romania, on Wednesday approved distribution of dividends using RON425.75 million from the 2020 profit and RON74.25 million from the net profit reserves of 2019, RON500 million in all, a report to the Bucharest Stock Exchange shows. -
ZF English - 14:17 Sep 08, 2021
The Bucharest Stock Exchange (BVB) said Wednesday that the first bond issue of canned foods manufacturer Prefera Foods, in the amount of EUR5 million, will start trading on BVB’s Multilateral Trading System, under the ticker symbol PRF26E, on Friday, September 10, 2021. -
ZF English - 14:00 Sep 08, 2021
For the first time in history, the combined capitalization of companies listed on the Regulated Market of the Bucharest Stock Exchange (BVB) reached RON204.9 billion, the equivalent of EUR41.5 billion. -
ZF English - 12:58 Sep 08, 2021
Low-cost airline Wizz Air on Wednesday said it would operate flights on two new routes, from Iasi (Romania) to Madrid (Spain) and from Suceava (Romania) to Brussels (Belgium), starting December 2021. -
ZF English - 12:36 Sep 08, 2021
Lender First Bank (the former Piraeus Bank), held by US investment fund J.C. Flowers, on Wednesday reported a net profit of RON54 million for the first half of 2021, 2.5-fold higher on the year, and operating net income of RON177 million, up 10% from the same period in 2020. -
ZF English - 11:40 Sep 08, 2021
Packaging manufacturer Somplast Nasaud (SOPL.RO) said in a stock market report Wednesday that it signed a contract with TeraBio Pack SRL, a member of TeraPlast Group, on Sept 6, whereby it will transfer the plastic wrap business line to TeraBio Pack, for RON5.4 million. -
ZF English - 10:58 Sep 08, 2021
Asking prices of new and old apartments put up for sale in Romania's largest cities increased in August 2021, after remaining stable in the previous three months, according to Imobiliare.ro index. -
ZF English - 09:38 Sep 08, 2021
UiPath, the most valuable company to emerge from the Romanian IT industry, on Wednesday announced financial results for its second quarter fiscal 2022 ended July 31, 2021, reporting a 60% year-over-year increase (July 31, 2021/July 31, 2020) in its ARR (Annualized Renewal Run-rate) up to $726.5 million. -
ZF English - 09:11 Sep 08, 2021
Romanian investment fund Black Sea Fund, focused on deals with small and medium-sized companies, announced it took over a 70% stake in D-Toys, Romania’s most important children’s puzzle and game producer, a business founded 20 years ago by entrepreneur Tibor Fustos. -
ZF English - 09:01 Sep 08, 2021
Liberty Steel Group on Wednesday said it would invest RON31 million (EUR6.3 million) in a state-of-the-art coating line for use on pipes produced by its specialist unit, Liberty Tubular Products Galati. -
ZF English - 08:08 Sep 08, 2021
Profi retailer, controlled by Mid Europa Partners investment fund, opened 100 units in the first eight months of 2021. The initial target envisaged 250 new store openings in 2021, but the company is now betting on store refurbishments. -
ZF English - 08:02 Sep 08, 2021
In the second quarter of 2021, seasonally adjusted GDP increased by 2.2% in the euro area and by 2.1% in the EU compared with the previous quarter, according to estimates by Eurostat, the statistical office of the European Union. In the first quarter of 2021, GDP had declined by 0.3% in the euro area and 0.1% in the EU.