Romania Feed
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ZF English - 14:01 May 11, 2023
Dacia Mioveni and Ford Otosan Craiova, the two car plants in Romania, manufactured 34,000 vehicles in April 2023, 15% fewer than in April 2022, as per data from the country's carmakers association ACAROM. -
ZF English - 13:17 May 11, 2023
Law firm Filip & Company has assisted Holde Agri Invest group in taking out a syndicated loan in the amount of RON30.5 million and EUR26.7 million, with lender Banca Transilvania acting as arranger and financier, and lender OTP Bank Romania acting as financier for the working capital and acquisitions of farms and farmland. -
ZF English - 12:36 May 11, 2023
Pharmaceutical producer Biofarm Bucuresti (BIO.RO) estimates a turnover of approximately RON325 million for 2023, up 17% versus 2022 level, and a 6% higher net profit compared to 2022 when it reported a net result of RON71 million, the company said on Thursday (May 11). -
ZF English - 11:42 May 11, 2023
Cargus, one of the largest players in the Romanian courier services industry, is expanding its management team with the appointment of Nelu Gheorghita to the position of Chief Operations Officer (COO). -
ZF English - 07:28 May 11, 2023
Holde Agri Invest, a Romanian company exploiting around 13,200 hectares of farmland, on Thursday morning announced at the Bucharest Stock Exchange the signing of a syndicated credit agreement for four different financing lines with Banca Transilvania and OTP Bank for working capital and investments. -
ZF English - 06:59 May 11, 2023
Turbomecanica, a local manufacturer of gas turbine engines and mechanical assemblies for aircraft, for the first quarter of 2023 reported RON23 million revenues, down 10% from the year-earlier period, while its losses narrowed from RON3.2 million to RON33,500. -
ZF English - 06:50 May 11, 2023
Electroglobal Cluj, a supplier of electrical solutions and equipment for industrial automation and lighting systems, controlled by Radu Ciorba jointly with Maksay Csaba, in 2022 saw turnover rise by over 50% against 2021. -
ZF English - 06:40 May 11, 2023
Metaplast, a manufacturer of plastic parts for the automotive industry, part of group of firms MEN Industry Group owned by Romanian entrepreneur Jean Drugescu, in 2022 registered turnover worth RON315.1 million (EUR63.9 million), around 22% higher than in 2021, in line with ZF calculations based on finance ministry data. -
ZF English - 20:25 May 10, 2023
The increase in production capacity at Ford Otosan’s plant in Craiova from 250,000 to 272,000 units, along with the start of production of the new Transit Courier and Tourneo Courier with both internal combustion and electric engines, along with Puma, will require additional workforce. -
ZF English - 19:51 May 10, 2023
Discount retailer Penny Romania, held by Germany’s Rewe Group, ended last year with RON7.2 billion sales, an increase of 33% on 2021. The growth is because of the expansion of the store chain, the increase in the number of customers, as well as inflation, chief executive Daniel Gross says. -
ZF English - 19:24 May 10, 2023
Filbo, the digital solution that finances small entrepreneurs, partners with SOLO, the first digital accounting application for PFAs (authorized private individuals), to provide its customers with diversified solutions that help them grow their businesses. -
ZF English - 18:58 May 10, 2023
Banca de Export Import a Romaniei – EximBank SA, a bank held by Romania’s government via the Finance Ministry became Exim Banca Romaneasca on May 10, launching as a top universal bank with full services for individuals and legal entities. -
ZF English - 18:53 May 10, 2023
COS (Corporate Office Solutions), the leading provider of design solutions and furniture mostly for office spaces, had a turnover of EUR28 million in 2022, up 32% compared to 2021. -
ZF English - 18:08 May 10, 2023
Romanian-held Tema Energy, a supplier of technology specializing in building data centers on its own, from design to delivery, installation, startup and maintenance and support services, expects to reach EUR13 million revenue by the end of 2023, an increase of about 3% on the EUR12.7 million of 2022. -
ZF English - 18:04 May 10, 2023
The European Investment Fund (EIF), part of the European Investment Bank (EIB) Group, is providing UniCredit Group with two guarantees worth EUR370 million to boost investment made by small and medium-sized businesses (SMEs) across seven EU countries, including Bulgaria, Croatia, the Czech Republic, Hungary, Romania, Slovakia, and Slovenia. -
ZF English - 15:57 May 10, 2023
OTP Bank Romania posted after-tax profit of RON15 million (HUF1 billion) in the first quarter of 2023, compared with RON24 million losses in the year-ago period, which was predominantly impacted by risk costs, a report of the Hungarian OTP Bank group shows. -
ZF English - 14:46 May 10, 2023
Against the backdrop of high inflation, the main business objective of 75% of online retailers in Romania is to expand their product range in order to meet and satisfy consumer needs for diversity and to boost sales, in line with an analysis conducted by Limitless Agency, one of the largest digital marketing agencies on the local market. -
ZF English - 14:03 May 10, 2023
Employees are embracing the ‘cross-border career’, with 93% saying that working internationally would be “life-changing,” according to the EY 2023 Mobility Reimagined Survey. -
ZF English - 13:48 May 10, 2023
Romania's central bank has decided at its board meeting on Wednesday (May 10, 2023) to keep its benchmark interest rate on hold at 7% a year. -
ZF English - 13:16 May 10, 2023
Agricover Credit IFN, the financing division of Agricover Group controlled by businessman Jabbar Kanani and the European Bank for Reconstruction and Development (BERD), announces new credit facilities in the amount of EUR10 million and RON49.2 million, respectively, from the European Fund for Southeast Europe (EFSE).