Romania Feed
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ZF English - 05:45 Jul 25, 2023
Farmaciile Bajan, a 28-unit network present in Valcea, Arges and Bucharest, topped RON100 million in turnover in 2022 after an over 17% increase from 2021. Plans envisage further expansion. -
ZF English - 18:30 Jul 24, 2023
Romanian brokerage company Investimental, controlled by entrepreneur Sacha Dragic, the founder of sports betting group Superbet, has officially entered the local capital market on Monday (July 24). -
ZF English - 17:45 Jul 24, 2023
BRD Asset Management, the investment management company of BRD Groupe Société Générale, has launched its first fund that promotes environmental and social characteristics and tracks good governance practices (ESG), as per a press statement. -
ZF English - 16:49 Jul 24, 2023
German-held manufacturer of household appliance components EMZ Hanauer, whose customer list includes Electrolux, Miele, Samsung and Haier, has completed work on its plant in Resita, Romania, thus starting local operations. -
ZF English - 15:09 Jul 24, 2023
Romania's Finance Ministry raised RON654.1 million from banks on Monday (July 24), selling government paper maturing in April 2031, at an annual average yield of 6.44%. -
ZF English - 14:18 Jul 24, 2023
Private lending in Romania grew 6.4% in nominal terms (-3.5% in real terms) in June 2023 versus June 2022 to RON375 billion, central bank data showed on Monday (July 24). -
ZF English - 11:52 Jul 24, 2023
The Romanian capital market grew by 10% in the first six months of 2023, taking into account the BET-TR index, which also includes dividends. -
ZF English - 11:04 Jul 24, 2023
Law firm Musat & Asociatii advised China’s Geely Holding Group and Geely Automobile Holdings Limited on the Romanian legal matters of a joint venture agreement with the Renault Groupe for a new powertrain company, which aims to become world leader in next generation hybrid and highly efficient power train solutions in the years to come. -
ZF English - 10:36 Jul 24, 2023
Build Corp Prefabricate, a Iasi-based company that built most of the real estate projects developed by Iulius Group, boosted its turnover almost three times in 2022, up to RON255 million, as per the latest data released by the finance ministry. -
ZF English - 08:23 Jul 24, 2023
A survey carried out by E.ON in 2022 shows that 28% of miniature block-type thermal power stations in use in Romania are older than ten years and should be replaced with energy efficient ones. -
ZF English - 07:58 Jul 24, 2023
Car parts manufacturer Coindu Romania, part of Portuguese group Coindu, returned to profit in 2022, reporting a net result of RON16.5 million (EUR3.3 million) from a net loss of RON748,307 (EUR152,000) in 2021, as per publicly available data. -
ZF English - 13:02 Jul 21, 2023
Housing in Romania's major cities has been getting more expensive overall, but encouragingly has reached record affordability levels, as the need for new homes far outstrips supply, while mortgage lending declined and no longer provided support for transactions, a report by Kiwi Finance, Romania's leading loan broker, shows. -
ZF English - 11:46 Jul 21, 2023
Dent Estet, the largest player in the dental market in Romania by revenue, has invested a total of EUR12 million over the last seven years, from 2016 to 2023, and the number of clinics has reached 18 in the period. -
ZF English - 11:20 Jul 21, 2023
Personal net worth in Romania rose at an annual rate of 10.5% in the past five years, to $200 billion and is expects to continue to growth by around 7% by 2027, overshooting the growth rate of Eastern Europe, as well as the global one, reveals the Global Wealth Report drawn up by management consulting firm Boston Consulting Group (BCG). -
ZF English - 06:06 Jul 21, 2023
Real estate developer Impact Developer&Contractor announced it got the construction authorization for Greenfield Copou residential project of Iasi, where it is set to develop 1062 apartments in 26 buildings on a 50,200-sqm area. The project is worth EUR175 million, according to the company. -
ZF English - 05:55 Jul 21, 2023
Omnia Capital, which took over Dumagas freight forwarder, is continuing acquisitions in the transport sector, but also looking at the logistics field, explains Matei Ladea, co-founder and partner at the company. -
ZF English - 05:47 Jul 21, 2023
Bacau-based Simba Invest, a major consumer goods wholesaler in Romania, in 2022 generated turnover worth around RON666.7 million (EUR135.2 million), up 16% from the previous year, in line with ZF calculations based on Finance Ministry data. -
ZF English - 05:39 Jul 21, 2023
City Grill group, particularly known for the restaurant network it operates, plans to invest EUR10 million this year, with the money mainly aimed at the development of three boutique hotels. -
ZF English - 05:30 Jul 21, 2023
TeraSteel, a company part of Irish group Kingspan, aims to reach RON396 million turnover in 2023, up 4% from last year. -
ZF English - 19:11 Jul 20, 2023
Vimercati East Europe, which makes electromechanical and electronic components in a factory in Bacau County, posted RON328.4 million (EUR66.6 million) revenue in 2022, down 2% from the previous year’s RON335.1 million (EUR68.1 million), according to calculations made by ZF based on Finance Ministry data.