Romania Feed
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ZF English - 17:36 Jun 26, 2023
The insurance market reached a volume of gross written premiums of RON4.74 billion in the first three months of 2023, an increase of only 2% compared with the same period last year, the Financial Supervisory Authority said in its report on the insurance market in the first quarter of 2023. -
ZF English - 14:23 Jun 26, 2023
Private lending in Romania grew by nearly 7.9% in May 2023 versus May 2022 to RON372.3 billion, as local currency lending was almost flat, increasing by merely 0.2% year on year and foreign currency lending increased by 28.2%, central bank data showed on Monday. -
ZF English - 11:38 Jun 26, 2023
IT group Bittnet (BNET.RO) successfully completed the first corporate bond public offering in the history of the Romanian capital market, the group said in a news release. -
ZF English - 09:08 Jun 26, 2023
Coca-Cola HBC, the biggest player on the soft drinks market, is set to establish its headquarters in Globalworth Campus B building starting spring 2024, after it signed a ten-year leasing contract for 4,500 square meters of office space. -
ZF English - 07:41 Jun 26, 2023
Mediapost Hit Mail, an integrator of direct marketing services, held by a division of France’s postal service company, has taken over a 75% stake in White Image, the main player on Romania’s email marketing market. -
ZF English - 06:42 Jun 26, 2023
Swiss digital game developer Miniclip, backed by Chinese giant Tencent, this spring acquired a further 8% in local game developer Green Horse Games, in which it had become a majority stakeholder in 2021. -
ZF English - 06:33 Jun 26, 2023
Somarest Sibiu, part of LVMH group, the world’s leading luxury industry player, for 2022 reported turnover of RON282 million (EUR57.2 million), up 20.5% from 2021, in line with ZF calculations based on Finance Ministry data. -
ZF English - 06:25 Jun 26, 2023
Procema RWP, a construction materials manufacturer controlled by entrepreneur Sorin Creteanu, in 2022 generated turnover worth RON719 million, up 45% from the previous year. -
ZF English - 06:20 Jun 26, 2023
Dr. Max Romania group in 2022 reached turnover worth RON8.9 billion (around EUR1.8 billion), after a 26% increase on the year. -
ZF English - 06:13 Jun 26, 2023
Aramis Invest, the biggest furniture producer in Romania, controlled by local entrepreneurs Vladimir Iacob and Marius Selescu, in 2022 generated turnover worth RON2,085 billion (EUR423 million), up 28% from 2021, in line with ZF calculations based on Finance Ministry data. -
ZF English - 06:04 Jun 26, 2023
German-held builder Geiger Transilvania saw its turnover slip by 5% in 2022, to RON224 million. However, profit went up by 40% to RON25.4 million, while the number of employees dropped by eight, to 426. -
ZF English - 05:56 Jun 26, 2023
E-INFRA group, controlled by businessman Teofil Muresan, expects RON3 billion consolidated turnover, RON400 million net profit in 2023. -
ZF English - 16:16 Jun 23, 2023
The European Commission has approved the acquisition of Enel Romania by Greece's Public Power Corporation, which was last year's largest transaction on the Romanian market, worth EUR1.9 billion. -
ZF English - 15:58 Jun 23, 2023
Small investors put in orders to buy 3.4 million shares of Hidroelectrica on June 23, the first day of the company’s IPO on the Bucharest Stock Exchange, spending RON382 million (at a price of RON112/share) or EUR77 million in a matter of hours. -
ZF English - 08:07 Jun 23, 2023
Barrier, one of Romania’s largest PVC trim makers, has completed the investment meant to expand the production capacity of Bacau plant after getting an over EUR3 million non-reimbursable funding via the state aid scheme set up via GD 807/2014. -
ZF English - 06:51 Jun 23, 2023
Hidroelectrica, the last unlisted energy “pearl” part of the Romanian state’s portfolio, comes in front of investors at the Bucharest Stock Exchange with a valuation ranging between RON42.3 billion and RON50.4 billion, namely between 8.6 times and 10.2 times the net profit registered in the past 12 months (2Q/2022-1Q/2023), reads the listing prospectus. -
ZF English - 06:12 Jun 23, 2023
The footprint of dental clinic chain Dr. Leahu, developed by doctor Ionut Leahu 12 years ago, will expand via acquisitions until the end of 2023 and greenfield expansion subsequently, after Regina Maria network took over 51% of the company. -
ZF English - 06:05 Jun 23, 2023
Mures-based construction materials producer Daw Benta plans new investments in production and warehousing capacities. For 2023, it has a RON3.9 million budget. -
ZF English - 22:29 Jun 22, 2023
Radu Hanga, the Chairman of the Bucharest Stock Exchange, was elected President of the Federation of Euro-Asian Stock Exchanges (FEAS), according to a LinkedIn post by the organization -
ZF English - 22:08 Jun 22, 2023
The electric motor plant Nidec in Oradea, held by Japan’s Nidec group, reported a turnover of RON211.5 million (EUR42.9 million) for 2022, up 27% from RON166.4 million (EUR33.8 million) in 2021, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data.