Investment company Omnia Capital, founded by Matei Ladea and Bogdan Georgescu, is continuing its consolidation process and buying 44.67% in Cargo Buddy, a a comprehensive online platform offering logistics and transportation solutions in Romania.
Romania's Ministry of Finance has attracted over RON2.1 billion (EUR435.5 million) through the third primary offer of Fidelis government bonds, intended for the population, held this year through the local capital market, as per a stock market report published at the Bucharest Stock Exchange on July 4.
Maria Boldor, who was promoted to Partner within the international management consultancy group Horváth this spring, has also become the Managing Director of the Bucharest team after 17 years with the company.
French real estate group Catinvest is investing EUR36 million to expand ElectroPutere Parc from Craiova, along with the opening of the new Leroy Merlin store and the acquisition of the former Leroy Merlin store, which will be converted into a 11,000-square meter extension of the ElectroPutere Mall.
Over half (56%) of non-financial companies in Romania have perceived a worsening of the economic situation nationally in the past six months, reveals a survey conducted by the central bank BNR, but sentiment has improved compared with previous reports (64% in December 2023, 61% in March 2023 and 70% in March 2021).
Fidelis issues, via which Romania’s government sells government bonds to retail investors at non-taxable interest rates that are often more attractive than banking offers, will have a higher frequency during a year since, as authorities say, demand is rising.
Bio Eel, specialized in drug production and wholesale, with a plant in Targu-Mures, in 2023 posted turnover worth around RON905 million (EUR183 million), up 33.6% from 2022, in line with ZF calculations based on Finance Ministry data.
Technical plastic solutions developer Reinert Junststofftechnik, acquired in late 2019 by Germany’s CCBA Vewaltungs, for 2023 reported turnover worth RON185.8 million (EUR37.6 million), up around 19% from 2022, in line with ZF calculations based on Finance Ministry data.
Israeli-held Sinaia SA, which manages two hotels in mountain resort Sinaia, in 2023 reached RON66 million turnover, up 20% from 2022, and managed to also boost its net profit to RON24.5 million. Thus, the company had a 37% profit margin in tourism.
Infomed Fluids, one of the largest drug makers with a local plant, ended 2023 with RON277 million turnover, up 45% from 2022.