Romania Feed
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ZF English - 14:05 Jul 18, 2023
World Bank placed Romania among high income countries in 2022, i.e., those with an average income per capita of more than $13,846, along with other 82 countries and territories. -
ZF English - 12:39 Jul 18, 2023
Bucharest Stock Exchange will see the first licensed stock brokerage firm launched after a 14-year hiatus on Monday, July 24, once Investimental starts operations. -
ZF English - 11:26 Jul 18, 2023
Law firm Filip & Company advised Banca Transilvania (TLV.RO), the largest player in the Romanian banking system, on the second bond issue of the program launched in April, through which it raised EUR200 million from international markets. -
ZF English - 08:07 Jul 18, 2023
Romania’s media and entertainment industry is expected to reach EUR4 billion this year, up 7% from 2022, with most segments set to register growth, according to PwC Global Entertainment & Media Outlook 2023-2027 (GEMO) report. -
ZF English - 07:29 Jul 18, 2023
Agroserv Mariuta, a Romanian farming company that owns Laptaria cu Caimac brand, has contracted a EUR9.5 million loan from CEC Bank, structured on the medium and long term, for the refinancing of the loan portfolio from Banca Romaneasca and Procredit. -
ZF English - 05:58 Jul 18, 2023
COFCO International, a company owned by Chinese investors and formerly known as Nidera, switched from RON68 million losses in 2021 to RON122 million profit in 2022. Moreover, this profit is the highest in the company’s two-decade history on the local market. -
ZF English - 05:50 Jul 18, 2023
2022 brought fewer companies on Romania’s hotel market, but profit hit a five-year high, of RON1.5 billion, in line with Trade Registry data. -
ZF English - 05:41 Jul 18, 2023
Online bookstore Libris, owned by Ana and Virgil Onita and Laura Teposu, is likely to expand in the coming years with a second warehouse beside the already existing one in Brasov depending on the evolution of Romania’s book market. -
ZF English - 17:24 Jul 17, 2023
Astra Vagoane Calatori, one of the biggest players on the local rolling stock market, controlled by Valer Blidar, ended last year with RON225 million revenue and expects it to go up to RON400 million, as the plant has to deliver more streetcars. -
ZF English - 16:59 Jul 17, 2023
The four-star Iaki Hotel in the Mamaia resort, owned by former football player Gheorghe Hagi, posted RON23.7 million revenue last year, up 38% from the previous year's RON17.2 million, official data from the Finance Ministry and ZF calculations show. -
ZF English - 16:11 Jul 17, 2023
Law firm Zamfirescu Racoti Vasile & Partners (ZRVP) represented Transport Trade Services (TTS) in its acquisition of Decirom, a port operator in Constanta. -
ZF English - 14:31 Jul 17, 2023
Lidl Romania appointed Georgiana Radu national procurement and marketing manager as of September, who spent the past three years with the procurement and marketing team of Lidl Germany. -
ZF English - 13:37 Jul 17, 2023
Romania's Finance Ministry raised RON843 million from banks on Monday, July 17, selling government paper maturing in September 2032, at an annual average yield of 6.54%. -
ZF English - 11:42 Jul 17, 2023
OMV Petrom (SNP.RO), the largest integrated energy company in Southeast Europe, has signed the financing contracts to build four photovoltaic parks with a cumulated capacity of 450 MW, the company announced. -
ZF English - 09:55 Jul 17, 2023
Infinity Capital Investments, the former SIF Moldova, has informed the local capital market about the sale of the 19.83% stake in the share capital of IAMU Blaj, a company that specializes in the manufacturing of machines and machine tools for metal processing. -
ZF English - 09:10 Jul 17, 2023
IFC, the World Bank’s investment arm, is providing EUR100 million to Banca Transilvania, Romania’s largest bank, as part of a EUR200 million subordinated debt financing package alongside the Asian Infrastructure Investment Bank (AIIB). -
ZF English - 05:59 Jul 17, 2023
The local subsidiary of Swedish company Ericsson, a major global supplier of equipment, software and services for telecom operators, in 2022 registered RON32 million net profit, up 48% from 2021 amid 12% higher turnover, at RON962.6 million. -
ZF English - 05:47 Jul 17, 2023
Medical lab network Synlab, present on the Romanian market since 2005, saw turnover go down 12% in 2022 to RON61 million. -
ZF English - 05:40 Jul 17, 2023
2022 soaring prices, from energy to food and from travels to transport, slashed Romanians’ purchasing power, but not companies’ gains. And this during a period when talk about greedflation is heating up. -
ZF English - 19:57 Jul 14, 2023
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) saw an increase of 14.1%, in nominal terms, in May 2023 compared to April 2023, and of 5.7% compared to May 2022, data from the country's statistics board INS showed on Friday (July 14).