Romania Feed
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ZF English - 11:29 Jun 17, 2021
ING Bank Romania has granted a RON20 million loan to construction materials producer and retailer Damila in Valcea, owned by entrepreneur Remus Daniel Nitu, for working capital and investments, the lender said in a statement Thursday. -
ZF English - 10:57 Jun 17, 2021
Japan Tobacco International (JTI), one of the largest cigarette manufacturers in Romania, registered a combined turnover of RON6.3 billion (EUR1.3 billion) in 2020 for JTI Trading and JTI Manufacturing, the two entities through which it operates in Romania, up over 16% from 2019, per data released by company officials in a statement. -
ZF English - 10:25 Jun 17, 2021
Romania’s Competition Council has approved a transaction whereby PharmaLife Med SRL is acquiring the group of companies CED Pharma SRL, Monix Farm SRL and Leti-Farm 2000 SRL. -
ZF English - 10:16 Jun 17, 2021
BRD, the third largest lender in Romania by assets, has started relocating part of its support departments and its BRD Finance divisions from two separate locations in Bucharest to the City Offices building owned by Globalworth. -
ZF English - 09:54 Jun 17, 2021
Smaller-sized retail parks located in tertiary cities are set to gain more ground over the next decade to the detriment of large shopping malls, an analysis by Colliers showed. -
ZF English - 09:01 Jun 17, 2021
Global cashless payment volumes are set to double from 2020 to 2025, to almost 1.9 trillion transactions, and to almost triple by 2030, due to the changes brought by the pandemic, according to an analysis by PwC. -
ZF English - 08:48 Jun 17, 2021
Meta Estate Trust, a new local real estate company founded by Eugen Voicu, owner of Certinvest, and Ionut Nicolescu, head of SVN Romania, seeks to raise RON20 million from investors on the Bucharest Stock Exchange through a private placement in early July. -
ZF English - 07:58 Jun 17, 2021
Outsourcing service provider Genpact plans to hire 500 people for its Romanian offices in 2021 and early 2022, says Shibu Nambiar, chief operating officer, Genpact Europe and Africa. -
ZF English - 07:42 Jun 17, 2021
The initial public offering for shares of real estate developer One United Properties shares starts June 22 and runs until July 2, 2021, the company said Thursday after the country's financial regulator ASF approved its IPO prospectus. -
ZF English - 06:56 Jun 17, 2021
Casa Noastra, the market of the QFort windows in Dolj County, seeks to overshoot the EUR100 million revenue mark in 2021. -
ZF English - 17:32 Jun 16, 2021
Müller Dairy Ro, the importer of Müller dairy products, ended 2020 with a turnover of nearly RON105.5 million (EUR21.9 million), up nearly 20% from 2019, per calculations by Ziarul Financiar (ZF) based on finance ministry data. -
ZF English - 17:14 Jun 16, 2021
The seven private pension funds operating on the mandatory segment in Romania (Pillar II) had assets of RON82.6 billion (EUR16.8 billion) at the end of May 2021, a new record high and RON7.5 billion (EUR1.6 billion) higher compared with December 2020, financial regulator (ASF) data showed Wednesday. -
ZF English - 15:07 Jun 16, 2021
Murat Buyukerk, Chief Executive Officer of home appliances manufacturer Arctic, owned by Turkey's Arcelik, which has two plants in Romania, on Wednesday said the company’s future plans target investments in several factories in Romania. -
ZF English - 13:43 Jun 16, 2021
Lender EximBank has extended until end-2021 the financing program within the COVID-19 state aid scheme intended for large companies and small and medium-sized enterprises (SMEs), whose turnover exceeded RON20 million in 2019. -
ZF English - 10:47 Jun 16, 2021
Romania's competition authority said Wednesday it has authorized the acquisition by Sandoz AG of the sale activity of cephalosporine-based antibiotics from GlaxoSmithKline (GSK). -
ZF English - 10:32 Jun 16, 2021
Lender Patria Bank (PBK.RO), held by private equity fund Emerging Europe Accession Fund (EEAF), announced Wednesday that Burak Yildiran, a seasoned banker with more than 25 years of experience, has received central bank approval for the position of CEO. -
ZF English - 10:23 Jun 16, 2021
Bucharest has been the top FDI destination in Romania for more than a decade but investors are showing new interest for other regions, particularly the Western region of Romania, as well as South-Eastern region of Muntenia, according to the EY Romania Attractiveness Survey released Wednesday. -
ZF English - 08:57 Jun 16, 2021
TeraPlast group, Romania's largest local construction materials producer, owned by businessman Dorel Goia, is currently implementing investments of EUR32 million. -
ZF English - 08:29 Jun 16, 2021
Depanero, the main service and repair firm for electronics and appliances in Romania, part of eMAG group, is accelerating its digitization process using the low-code platform developed by Aurachain to automate business processes and smart contract applications. -
ZF English - 08:03 Jun 16, 2021
Getica 95, the biggest local energy supplier on the competitive energy market, has filed for insolvency at the local court in Buzau on June 15.