Romania Feed
-
ZF English - 13:45 May 04, 2023
Arrivals at Romanian tourism accommodation establishments grew by 18.6% in March 2023 to 815,200 compared to March 2022 and overnight stays grew 16.2% on the year, the statistics institute INS said on Thursday. -
ZF English - 10:59 May 04, 2023
Nine in ten companies think cloud is essential for growth, especially used in combination with other technologies such as artificial intelligence (AI), internet of things (IoT) and analytics, according to the latest edition of Deloitte Future of Cloud Survey. -
ZF English - 08:32 May 04, 2023
Romania’s insurance market reached a gross underwritten premium volume of RON16.5 billion at the end of 2022, up 16% from 2021, with general insurance weighing 84%, meaning an underwritten premium volume of RON13.86 billion, and life insurance 17%, meaning an underwritten premium volume of RON2.65 billion, in line with information published by the representatives of Romania’s financial supervisory authority ASF. -
ZF English - 07:36 May 04, 2023
Electronics retailer Flanco ended the first quarter of 2023 with sales of above RON300 million, 40% higher than in the same period of last year. -
ZF English - 07:13 May 04, 2023
Mediapost Hit Mail group, controlled by a subsidiary of the French Post, in 2022 generated EUR54.2 million turnover in Romania and for 2023 has budgeted a 15% increase. -
ZF English - 07:03 May 04, 2023
Spedition UMB, Romania’s largest building company by 2021 figures, saw its 2022 turnover soar by 61% to RON2.1 billion from 2021. Profit posted a fourfold increase, to RON137.8 million, but the number of employees is still low, at below 50. -
ZF English - 06:55 May 04, 2023
Local furniture retailer SomProduct intends to open two stores this year, thus reaching a five-showroom network. -
ZF English - 06:25 May 04, 2023
Italian group UniCredit for the first quarter of this year reported EUR64 million net profit from Romanian operations, up around 45.3% from the consolidated gain of 1Q/2022. -
ZF English - 20:13 May 03, 2023
Nuclear power producer Nuclearelectrica (SNN.RO) on May 3 informed its shareholders and investors in a stock market report about the appointment of Dan Niculaie Faranga to the position of Chief Financial Officer (CFO) for a four-year term, starting May 3, 2023. -
ZF English - 19:45 May 03, 2023
GROUPAMA, leader of the Romanian insurance market, has announced the appointment of Calin Matei to the position of Chief Executive Officer, starting June 2023. -
ZF English - 19:41 May 03, 2023
French-held Carrefour Group, which has more than 400 stores under different formats in Romania, has expanded its network in the country by 36 stores in the past year (April 1, 2022 – March 31, 2023), ZF has calculated from the corporate reports. -
ZF English - 19:31 May 03, 2023
Roca Industry Holding (ROC1.RO) listed on the AeRO market of the Bucharest Stock Exchange on Wednesday evening announced that Bico, a company in which it owns 70%, had signed the agreement to buy Lithuania’s Iranga Technologies for EUR3.2 million. -
ZF English - 19:27 May 03, 2023
Alexandru Stoinea will be running the operations of ASBIS Romania, the local subsidiary of Cyprus-based IT product distributor ASBIS, starting May 2023. -
ZF English - 18:32 May 03, 2023
Romania’s Financial Supervisory Authority (ASF) on Wednesday May 3, 2023, approved the initial public offering prospectus of Agricover Holding for an offering of up to RON416 million, running from Thursday, May 4 to May 16. -
ZF English - 18:13 May 03, 2023
The European Investment Fund (EIF) has signed a RON45 million (EUR9.1 million) loan with Agricover Credit, the main specialized financial services provider for farmers in the Romanian market. -
ZF English - 18:03 May 03, 2023
Cronos Med Group, a plastic surgery and medical aesthetics chain founded by physician Constantin Stan, has taken over for EUR1.5 million the majority stake in the Biootika clinic based in Romania’s central city of Brasov.
-
ZF English - 17:49 May 03, 2023
Romanian natural gas producer and supplier Romgaz (SNG.RO) on Wednesday (May 3) said in a stock market report that it placed with Romania’s import-export bank Eximbank a term deposit without auto-renewal option in the total amount of RON88 million. -
ZF English - 17:38 May 03, 2023
Hidroelectrica, Romania’s largest electricity generation company and the most anticipated listing on the Romanian capital market, is set to distribute 90% of its record net profit of RON4.4 billion of 2022 towards its two shareholders – the energy ministry (with an 80% ownership stake) and Fondul Proprietatea (20%). -
ZF English - 16:55 May 03, 2023
New car registrations in Romania increased by 16.48% to a total 9,865 units in April 2023 versus April 2022, data from the association of automotive manufacturers in Romania (ACAROM) showed on Wednesday (May 3). -
ZF English - 16:26 May 03, 2023
The European Commission on 2 May adopted exceptional and temporary preventive measures on imports of a limited number of products from Ukraine under the exceptional safeguard of the Autonomous Trade Measures Regulation.