Romania Feed
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ZF English - 10:34 May 10, 2023
Romania's trade balance posted a deficit of EUR6.80 billion in January-March 2023, lower by EUR399.7 million (-5.6%) compared with January-March 2022, in line with data from the country's statistics board INS. -
ZF English - 10:07 May 10, 2023
The Romanian private equity (PE) and venture capital (VC) market significantly lags behind Central and Eastern Europe (CEE) and the entire European industry in terms of fundraising, with a total of EUR128.2 million raised between 2018 and 2021 versus EUR7.2 billion during the same period in CEE, as per a report of the Romanian Private Equity Association (ROPEA) for 2021 and first half of 2022, conducted by ROPEA and Deloitte Romania. -
ZF English - 08:13 May 10, 2023
Recruitment platform eJobs Romania in 2022 registered turnover worth almost EUR15 million and a number of 420,000 jobs posted, with this being the best year in the company’s history. -
ZF English - 07:57 May 10, 2023
Biosphere, a major producer and wholesaler of household, hygiene goods and professional products for the away-from-home segment of Eastern Europe and Central Asia, has acquired Alux plant specializing in the production of aluminum foils, baking paper and other kitchen and catering products headquartered in Fagaras, Brasov, county. -
ZF English - 07:20 May 10, 2023
Safetech Innovations, a Romanian cybersecurity company listed at the Bucharest Stock Exchange, reported individual turnover worth RON6 million in the first quarter of 2023, up 129% from the first three months of 2022, and net profit of RON1.2 million, 197% higher than in 2022. -
ZF English - 07:05 May 10, 2023
Vlad Ardeleanu, CEO of imaging clinic network Medima Health, with nine units locally, says the business is witnessing two-digit growth against last year and expansion plans envisage the opening of five new units. -
ZF English - 06:55 May 10, 2023
Schaeffler Romania, the local subsidiary of German group Schaeffler, has for 2023 budgeted an over EUR16 million investment in projects related to production capacity expansion, safety, sustainability and other directions relevant for the development of Brasov plant. -
ZF English - 06:46 May 10, 2023
Liberty Galati, Romania’s biggest steel producer, has announced a RON40 million investment in duct and pipe production. -
ZF English - 20:43 May 09, 2023
Premier Palace & Spa Hotel in Bucharest, held by Premier Palace, insolvent since 2019, has been put up for sale for EUR6.9 million, court appointed trustee Euro Insol announced. -
ZF English - 19:25 May 09, 2023
The investment potential of the green power market (solar panels, heat pumps, insulation) in Romania stands at more than EUR30 billion by 2040 and about EUR20 billion of that could come from banks, a report of advisory firm McKinsey & Company Romania shows. -
ZF English - 18:44 May 09, 2023
Venture capital funds Innova/7, Booster Capital, GapMinder II and Morphosis Capital II are to receive up to EUR80 million investments from the National Recovery and Resilience Plan (NRRP) to fund at least thirty companies in development, as well as technology, manufacturing FMCG, B2B and B2C services and healthcare startups. -
ZF English - 18:01 May 09, 2023
Luxury watch retailer EraVault has opened its first store in Bucharest, in a EUR250,000 investment. -
ZF English - 16:40 May 09, 2023
Alpha Bank Romania posted EUR11 million net profit in the first quarter of 2023, while its assets reached EUR4.4 billion, 13% higher than in the year-ago period. -
ZF English - 13:04 May 09, 2023
Ascott Group’s The Crest Collection Hotel Brand Enters Romania Via Partnership With Forty Management
Real estate developer Forty Management has signed an agreement with Ascott hotel chain held by Singapore’s largest real estate investment company to bring The Crest Collection brand to Bucharest. The new hotel should be inaugurated in 2026, following a EUR22 million investment. -
ZF English - 11:24 May 09, 2023
Alpha Bank, one of the ten largest banks in Romania, is in talks with telecommunications group Orange over buying Orange Money IFN Romania, financial market sources told ZF. -
ZF English - 08:00 May 09, 2023
Romanian investors have in the past five years purchased real estate properties worth EUR1.1 billion, accounting for 28% in the overall volume traded in this period, becoming the most dynamic buyers of income generating assets in Romania, in line with data provided by real estate consultancy Cushman & Wakefield Echinox. -
ZF English - 07:25 May 09, 2023
MedCity, a developer of buildings for the healthcare field part of SofMedica group specialized in medical equipment wholesale, has bought an over 1,000-sqm building in Timisoara from FF Group Romania, the local unit of Greek fashion group Folli Follie in a deal handled by Colliers. -
ZF English - 07:14 May 09, 2023
Distribution and logistics company Aquila ended the first quarter of 2023 with 20% higher revenues from the same period of 2022, at RON562 million. -
ZF English - 07:03 May 09, 2023
Staer International, a company that controls several Staer-branded stores, ended 2022 with turnover worth around RON84 million (EUR17 million), 5.7% lower than in 2021, in line with ZF calculations based on Finance Ministry data. -
ZF English - 06:57 May 09, 2023
Electronic parts and equipment manufacturer Zes Zollner Electronic, the local subsidiary of German concern Zollner Elektronic, for 2022 reported turnover of above RON2.6 billion (EUR528.8 million), up around 75% from 2021.