Romania Feed
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ZF English - 06:39 Jul 07, 2023
Stay Fit Gym, Romania’s second largest fitness center chain, is stepping up expansion and wants to reach 55 units by end-2025, almost double the initial plan, which will entail investments of around EUR25-30 million in 2023 and the next two years, explained Alexandru Lascar, the company’s CEO. -
ZF English - 06:30 Jul 07, 2023
Furniture maker Iris Service Ciuc, controlled by entrepreneur Negru Petru, for 2022 reported turnover worth RON175.8 million (EUR35.7 million), up 22.3% from 2021. -
ZF English - 06:23 Jul 07, 2023
Farmaceutica Remedia plans to invest in drug distribution in 2023, with space expansion and automation on the objectives list. -
ZF English - 06:14 Jul 07, 2023
Cotroceni Park, the company via which the revenues of Bucharest’s AFI Cotroceni mall are reported, in 2022 posted turnover worth RON331 million, a new record high. Against 2021, the result is 58% higher. However, the company stayed in the red, with a RON31.4 million negative result. -
ZF English - 06:05 Jul 07, 2023
APC Universal Partner, a company owned by entrepreneur Lehel Andras, has acquired the brand of Ambient building materials stores of the company of the same name that entered bankruptcy. -
ZF English - 21:34 Jul 06, 2023
Piletilevi Group, the largest and best-known ticket sales platform in the Baltic states, is acquiring a majority stake in Bilete.ro, Romania's oldest and leading ticket sales company with a 30 percent market share, the Group said in a press statement. -
ZF English - 21:11 Jul 06, 2023
Romania's Finance Ministry raised RON566 million from banks on Thursday (July 6), selling government paper maturing in 2030, at an annual average yield of 6.74%. -
ZF English - 20:57 Jul 06, 2023
Romania's Competition Council has launched an investigation into possible antitrust violations on the voucher issuing and selling market by the companies Edenred Romania, Sodexo Pass Romania and Up Romania, the authority announced on Thursday (July 6). -
ZF English - 19:19 Jul 06, 2023
The Bucharest Stock Exchange approved the procedure for including Hidroelectrica’s shares in its indices during the extraordinary meeting of the Indices Commission on July 6, 2023, starting with the first trading day of the company’s shares on the stock market. -
ZF English - 18:40 Jul 06, 2023
The largest allocation in electricity producer Hidroelectrica’s (H2O.RO) IPO on the Bucharest Stock Exchange is RON1.27 billion or approximately 12.3 million shares, ZF has found from order processing data on bvb.ro. The price is RON104 per share, the final price of the IPO. -
ZF English - 18:28 Jul 06, 2023
Roca Industry HOLDINGROCK1 (ROC1.RO), which owns stakes in several do-it-yourself (DIY) and building material companies and is in turn held by Roca Investments, on Thursday (July 6) announced in a stock market report the acquisition of electrical wiring maker Electroplast for about RON46 million (EUR9 million). -
ZF English - 17:11 Jul 06, 2023
Online experiences are increasingly capturing consumers’ attention, especially younger generations, according to the Deloitte Digital Media Trends 2023 report. -
ZF English - 17:00 Jul 06, 2023
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 3.2% in unadjusted data and by 2.7% when adjusted for seasonality and number of working days, in May 2023 compared to May 2022, data from the country’s statistics institute INS showed on Thursday (July 6). -
ZF English - 12:01 Jul 06, 2023
The share held by women in the Boards of Directors of companies operating in the Romanian energy sector has decreased compared to five years ago, but the percentage remains high compared to countries in Central and Eastern Europe, according to the latest research by the Boston Consulting Group (BCG) -
ZF English - 08:11 Jul 06, 2023
Romania’s M&A market registered 132 deals in the first half of this year, with a total estimated value of $3.7 billion, slightly up in terms of number, from 131 deals in 1H/2022, but down 11% by value, reveals an EY Romania analysis. -
ZF English - 07:53 Jul 06, 2023
Law firm Filip & Company assisted Fondul Proprietatea in the sale of its stake within Hidroelectrica IPO totally worth RON9.3 billion. -
ZF English - 06:38 Jul 06, 2023
Real estate developer Grand Development, founded by Ionut Nicolescu, is set to invest EUR12 million in Montebello Transylvania Resort development, a 47-villa compound located near Brasov. -
ZF English - 06:20 Jul 06, 2023
Store network Annabella, controlled by Mutu family, has taken over the Best Market chain from entrepreneur Ion Soloman, in one of the biggest deals in food retail and also the most important deal between two local players. -
ZF English - 06:09 Jul 06, 2023
Mayr-Melnhof, a major player on Romania’s packaging market, which operates on the local market via MM Packaging firm, will complete a new warehouse in the coming period and expects turnover to rise by 7% in 2023. -
ZF English - 05:45 Jul 06, 2023
Fondul Proprietatea, managed by US-based Franklin Templeton, has raised RON9.3 billion (EUR1.9 billion) by entirely selling on the bourse the 20% stake it held in Hidroelectrica, the biggest hydropower producer in the region, in Europe’s largest IPO in 2023.