Industrial material manufacturer Comelf Bistrita (CMF.RO) reported total operating revenue of RON41.8 million in January-March 2024, down 14.35% on the year, as per its financial report sent to the Bucharest Stock Exchange.
Romania's annual inflation decreased to 5.9% in April 2024, compared to 6.6% in March 2024 and 7.2% in February 2024, data from the country's statistics board INS showed on Tuesday (May 14).
Irish retailer Primark, which opened its first Romania store in December 2022, plans to add its fourth store locally, in Vivo! shopping center of Cluj-Napoca.
Romania stands all chances to become a genuine regional hub in the field of logistics, production and cross-border services, reveals an analysis of consulting firm Frames.
Photon Energy has signed a senior secured loan agreement worth up to EUR15 million with the European Bank for Reconstruction and Development (EBRD) that will finance the construction and completion of the company’s portfolio of six photovoltaic parks, with a total 29 MWp capacity, in Romania.
Romania’s national power transmission company Transelectrica generated RON103 million net profit in the first quarter of 2024, up 29% from the year-earlier period, while operating revenues reached RON532 million, up 7%.
German-held discount retailer Lidl, the leader of the Romanian food retail sector by turnover, was the sixth largest importer on the local market in 2023, with direct imports worth EUR1.5-2 billion, in line with estimates by Ziarul Financiar (ZF) daily based on data from Romania's statistical board INS and data previously provided by the company.
Following a nearly $15 million investment to meet high domestic and international demand for corn and sunflower seeds from farmers, US-held Corteva Agriscience’s processing facility in Afumati, Ilfov County, became one of the group’s most important. Seeds produced in this place go to Bulgaria and Austria and even as far as the South Korea.
Romania's Competition Council has approved the transaction whereby Aquila Part Prod Com, an entrepreneurial company providing distribution and logistics services for consumer goods in Romania, intends to take over Parmafood Group Distribution SRL and Parmafood Trading SRL.