Romania Feed
-
ZF English - 20:10 May 30, 2023
JW Marriott Hotel in Bucharest doubled its revenue to RON154 million in 2022, Finance Ministry data show. Last year’s revenue was its highest ever. -
ZF English - 20:09 May 30, 2023
Arsis Trading, the largest GSM retailer held by a Romanian entrepreneur, had a turnover of RON139.1 million in 2022, up 2% versus 2021, as per data available on the finance ministry's website. -
ZF English - 19:55 May 30, 2023
Samsung Romania, the local subsidiary of South Korea giant Samsung, one of the world's largest producers of electronic devices, enjoyed a new year of business acceleration in 2022, as per data sent to the finance ministry. -
ZF English - 19:36 May 30, 2023
Artrom Steel Tubes (formerly TMK Artrom), a manufacturer of industrial pipes, ended last year with RON1.9 billion (EUR386 million) revenue, an increase of 32% year-on-year, its officials said. -
ZF English - 19:10 May 30, 2023
We As Web, a Romanian software development outsourcing company, has opened new offices in the UK and Germany, and seeks to expand further into Austria, The Netherlands and France after it ended 2022 with a turnover of EUR10 million and a net profit of EUR2 million. -
ZF English - 18:57 May 30, 2023
Arobs Transilvania Software (AROBS.RO), the largest technology company listed on the Bucharest Stock Exchange, posted consolidated operating revenue of RON133.2 million in the first quarter of 2023, an increase of 113% on the year-ago period, RON131.3 million revenue, 113% higher, normalized EBITDA of RON25.5 million, 18% higher and normalized net profit of RON19.3 million, an increase of 13%, its quarterly financial report to the Bucharest Stock Exchange shows. -
ZF English - 18:17 May 30, 2023
US-held Adobe, one of the largest software businesses in the world, mainly known for its photo and video editing applications (Photoshop, Lightroom and Premiere Pro), posted growth in revenue in Romania in 2022. -
ZF English - 18:04 May 30, 2023
Orange Romania, leader of the local telecom market and part of French Orange Group, reported a turnover of RON6.057 billion for 2022, higher by 3.6% than in 2021, and a net profit of RON602.3 million, higher by 0.9% on the year, as per data from the company's balance sheet sent to the country's finance ministry. -
ZF English - 17:38 May 30, 2023
China’s Huawei saw growth in Romania in 2022 despite the restrictions it is facing on the 5G technology segment and the decline of the smartphone business due to being denied access to hardware and software from US companies, the company’s filing with the Finance Ministry shows. -
ZF English - 16:42 May 30, 2023
The number of companies going insolvent is growing at an accelerated pace worldwide, exceeding the pre-pandemic level, according to Allianz Trade Global Insolvency Index. -
ZF English - 16:06 May 30, 2023
Lidl Romania had a net turnover of over RON18.5 billion in 2022, up 23% on the year, and a net profit of roughly RON1 billion, up 11% versus 2021, but the company said the profitability ratio is dwindling. -
ZF English - 15:59 May 30, 2023
The shares of real estate developer One United Properties (ONE.RO) will be included in the MSCI Frontier Markets Small Cap and MCSI Romania Small Cap indices, the company said in a release. -
ZF English - 15:13 May 30, 2023
Romanian software developer mindit.io had a consolidated turnover of over EUR13 million in 2022, up 40% on the year, and a net profit of roughly EUR3.16 million. -
ZF English - 14:03 May 30, 2023
certSIGN, a Romanian IT&C company and a significant producer and developer of cryptographic solutions in Romania, reports a consolidated turnover of RON24.5 million for the first quarter of 2023, up 52% compared to the same period of 2021. -
ZF English - 12:14 May 30, 2023
In 2022, 65% of companies in Romania got involved in CSR (corporate social responsibility) because it was part of their sustainability strategy, and only 35% compared to 55% in 2021, because it was part of their public relations strategy, as per the survey on the “Dynamics and perspective of CSR in Romania." -
ZF English - 09:13 May 30, 2023
Banca Comerciala Romana (BCR), one of the most important financial groups in Romania, is listing on Tuesday (May 30) the first international issue of green Eurobonds of a Romanian bank, under the stock symbol BCR27E, totaling EUR700 million. -
ZF English - 08:32 May 30, 2023
Logistic companies’ expansion supported demand on Romania’s warehousing space market, which in the first three months of 2023 totaled over 330,000 square meters, up 10% from the year-earlier period, in line with data provided by real estate consultancy Cushman & Wakefield Echinox. -
ZF English - 08:05 May 30, 2023
Bucharest remains the most dynamic city in the area of office leasing, but its weight in overall deals shrank in 1Q/2023 to 75% from 84% in the year-earlier period, with companies also focusing on Timisoara, Iasi and Cluj-Napoca, reveals an analysis by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance. -
ZF English - 07:51 May 30, 2023
French retailer Auchan has leased 2,600 square meters in the second phase of U•Center project, developed by Forte Partners in Bucharest’s Tineretului area, and is set to open a large supermarket. -
ZF English - 20:49 May 29, 2023
Therme Nord Bucuresti, the operator of the relaxation complex Therme on the outskirts of Bucharest, posted RON175.3 million revenue in 2022, an increase of 140% on 2021, Finance Ministry data show.