Romania Feed
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ZF English - 17:07 Aug 18, 2023
Romanian door maker Eco Euro Doors, held by Roca Industry (ROC1.RO), has a signed an agreement to buy 70% in interior door maker Workshop Doors, it said in a report to the Bucharest Stock Exchange on Friday. -
ZF English - 16:26 Aug 18, 2023
The volume of construction works in Romania increased, in unadjusted data, by 15.2% in June 2023 compared to June 2022 and was up 15.4% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed on Friday (August 18). -
ZF English - 13:29 Aug 18, 2023
Romania’s industrial sales (on the domestic and external markets) decreased by 5.7% in nominal terms in June 2023 compared to May 2023 and by 0.7% versus June 2022, data from the country’s statistical office INS showed on Friday (August 18). -
ZF English - 11:51 Aug 18, 2023
Private equity fund Morphosis Capital, one of the most active financial investors in Romania over the last years, reports an Internal Rate of Return (IRR), namely an annual return, of over 30% from its first three exits. -
ZF English - 08:22 Aug 18, 2023
Building materials company holding ROCA Industry, launched by Roca Investments, registered RON289.5 million turnover in the first half of 2023, up 5.7% from the same period of last year. -
ZF English - 08:06 Aug 18, 2023
Italian Group UniCredit for the first half of 2023 reported net consolidated profit of RON663.8 million from Romania operations, around 64% higher than the consolidated gain of 1H/2022. -
ZF English - 06:20 Aug 18, 2023
Simultan, a major dairy maker in Romania, owned by Herbai family, ended 2022 with RON440 million turnover, up almost 40% on the year. -
ZF English - 06:00 Aug 18, 2023
Building company Drum Asfalt ended 2022 with RON185 million turnover, up 8% from 2021, and for 2023 expects to reach the RON450 million threshold. -
ZF English - 23:00 Aug 17, 2023
Stup (Hive), a project developed by lender Banca Transilvania and BT Mic, which supports small entrepreneurs, newly established businesses and paper business ideas, has celebrated one year of activity, during which time it created a community of 14,000 entrepreneurs and supported the birth of 200 businesses. -
ZF English - 21:38 Aug 17, 2023
Optical equipment producer IOR Bucuresti (IORB.RO) announced in a stock market report on Thursday (August 16) that it completed the subscription period for the share capital increase operation conducted as of July 11, 2023. -
ZF English - 20:55 Aug 17, 2023
Farmaceutica Remedia Group, with activities in drug wholesale for pharmacies, but also for clinics and private hospitals, in pharma retail and sale of robots for pharmacies, ended the first half of 2023 with a turnover of RON282.4 million, up 9% from the same period of 2022. -
ZF English - 20:34 Aug 17, 2023
Romania's Finance Ministry raised RON906.7 million from banks on Thursday (August 17), selling government paper in two auctions, at annual average yields of 6.21% and 6.99%. -
ZF English - 18:38 Aug 17, 2023
Nordis Group, a real estate developer of premium hotel and residential complexes, has recruited Corneliu Ghimbasanu for the position of general manager of five-star Nordis Mamaia Hotel the company is going to open in the coming period. -
ZF English - 16:40 Aug 17, 2023
Franklin Templeton International Services, the manager of Fondul Proprietatea (FP.RO) called the fund’s shareholders for September 25 to vote on the renewal of its management mandate for a four-year term. The new term should start in the spring of 2024. -
ZF English - 15:38 Aug 17, 2023
Construction company Napoca Cluj (NAPO.RO) reported a net profit of RON213,219 for the first half of 2023, down 42.5% from RON370,795 reported in the first half of 2022. -
ZF English - 14:30 Aug 17, 2023
The global luxury goods market is undergoing a radical change as it is forced to adapt to the consumer behavior of Generation Z (people born between 1995 and 2010) and Millennials (people born between 1981 and 1996), who prefer alternative and flexile payment methods, such as the ”buy now, pay later” (BNPL) payment solution. -
ZF English - 12:02 Aug 17, 2023
Turism Felix, owned by investment fund Transilvania Investments, has announced the completion of a EUR14 million investment in the Venus Aqua Park located in 1 Mai resort (Bihor County), which will reopen on August 19. -
ZF English - 09:18 Aug 17, 2023
Romanian engine manufacturer UCM Resita, a company present on the Main Market of the Bucharest Stock Exchange, posted a RON7.3 million net loss in January-June 2023, from RON415.65 million profit in the same period of last year. -
ZF English - 07:38 Aug 17, 2023
The European Bank for Reconstruction and Development (EBRD) is lending EUR15 million to the municipality of Alba Iulia in Romania to co-fund together with the European Union the rehabilitation of the city’s public transport infrastructure. -
ZF English - 06:55 Aug 17, 2023
Corrugated cardboard manufacturer Vrancart Adjud (VNC), a company in which the Paval brothers, the founders of DIY retailer Dedeman, have a 17% stake, for the first half of 2023 reported RON8.54 million net profit, down 32% year-on-year, and total revenues worth RON236.2 million, 16% lower than in 1Q/2022.