Stay Fit Gym, Romania’s second largest fitness center chain, plans to expand its network to 50 centers until the end of 2024 and to reach 50,000 subscribers.
Real estate developer STC Partners is expanding its team, with the positions of Sales Manager and Technical Director being taken over by Elena Palade and Bogdan Bazarea, respectively.
Cartofisserie, a Romanian-held fast-food restaurant chain established by the founders of the Delaco dairy brand, ended 2023 with RON100 million sales, an increase of 50% on the previous year, Finance Ministry data show.
Austrian transport and logistics company Gebrüder Weiss has invested nearly EUR90 million in the last 30 years to expand its infrastructure in Romania, inflation adjusted value, reaching nine large logistics centers in the cities of Bucharest, Arad, Sibiu, Cluj, Bacau, Brasov, Constanta and Craiova, and some 700 employees.
The Competition Council approved the transaction through which Clayton, Dubilier & Rice, LLC intends to take over Presidio, Inc., through CD&R Fund XII.
Traian Baicu was nominated for the position of chief executive officer of Credex Bank, formerly Porsche Bank, which businessman Dan Ostahie bought, while Misu Negritoiu should serve as the chairman of the board, financial market sources say.
Businessman Nicolae Bucovala, who owns Steaua de Mare hotel complex in Eforie Nord, Tomis Hotel in Mamaia and Oltenia Hotel in Olimp, says the investments made in refurbishment and services attract tourists to his hotels on the Romanian seaside.
Digital Keez SRL, the accounting tech startup held by Norway’s Visma, posted significant increase in revenue, by 62% to RON13.2 milion (EUR2.6 million), in 2023 compared with 2022., Finance Ministry data show.
Romania’s public debt, in both lei and foreign currency, increased by RON69.3 billion to RON852.8 billion in April 2024 and to 52.1% of the GDP from 48.8% of the GDP at the end of 2023, above the maximum admitted limit, Finance Ministry data show.