Romania Feed
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ZF English - 13:32 Jun 06, 2023
Romania’s largest power producer Hidroelectrica on June 6 officially announced intention to go public on the Bucharest Stock Exchange through a sale of up to 20% of the stake held by minority shareholder Fondul Proprietatea (FP.RO). -
ZF English - 11:52 Jun 06, 2023
EY Romania has advised the shareholders of Clarfon, the largest retail chain of hearing aids and related ENT equipment in Romania, on the sale to Value4Capital, the lower and mid-market Polish and Central European buy-out manager.
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ZF English - 10:24 Jun 06, 2023
Romania's industrial production prices for the total (domestic market and non–domestic market) increased by 11.6% in April 2023 compared to April 2022, data from Romania's statistics board INS showed on Tuesday (June 6, 2023). -
ZF English - 07:07 Jun 06, 2023
DB Global Technology, Deutsche Bank’s Bucharest tech center, in 2022 registered turnover worth RON528.7 million, 41.1% higher than in 2021. -
ZF English - 06:59 Jun 06, 2023
Local company EXE Software, specialized in software solutions development, ended 2022 with turnover of RON30.7 million (EUR6.2 million), up 16-17% from 2021, in line with its target. -
ZF English - 06:43 Jun 06, 2023
Poultry manufacturer Safir, controlled by Ghiorghi Safir, George Safir and Iulian Safir, has a EUR9 million investment budget for 2023, in line with company data. -
ZF English - 06:34 Jun 06, 2023
HEINEKEN Romania, the second largest player on the beer market, in 2022 reached net profit worth RON53 million, down 55% on the year, in line with ZF calculations. This was a four-year low. -
ZF English - 06:27 Jun 06, 2023
Sandoz, the drug factory owned by Switzerland’s Novartis in Targu Mures, ended 2022 with turnover worth almost RON562 million, up 24% from 2021. -
ZF English - 06:19 Jun 06, 2023
Private healthcare services provider Gral Medical in 2022 registered turnover of above RON238 million at group level, up almost 2% from the previous year. For 2023, the company targets 9% higher turnover at almost RON260 million. -
ZF English - 06:12 Jun 06, 2023
Automotive parts and accessories wholesaler Inter Cars Romania, part of Polish group Inter Cars, for 2022 reported turnover worth above RON1.5 billion (EUR304.5 million), 15.5% higher than in 2021. -
ZF English - 06:06 Jun 06, 2023
Fornetti Romania, a major player on the local pastry market, aims to invest around EUR4 million this year. -
ZF English - 18:26 Jun 02, 2023
Liberty Galati, the largest integrated steel producer in Romania, posted RON822 million loss in 2022 compared with RON1.4 billion net profit in 2021, Finance Ministry data show. -
ZF English - 14:48 Jun 02, 2023
Romania's foreign exchange reserves stood at EUR53.08 billion in May 2023, lower than the EUR53.34 billion in April, central bank data showed on Friday (June 2). -
ZF English - 06:39 Jun 02, 2023
Viessmann SRL, part of Germany’s heating, industrial and refrigeration systems group Viessmann, for 2022 reported turnover worth around RON199.4 million (EUR40.4 million), down 1.7% from 2021. Net profit went up by 14% to over RON19.4 million (EUR3.95 million). -
ZF English - 06:33 Jun 02, 2023
Aluminum producer Alro Slatina has signed a memorandum of understanding with Azeraluminium, the only primary aluminum producer in the South Caucasus region. -
ZF English - 06:23 Jun 02, 2023
TradeVille, the biggest retail broker at the Bucharest Stock Exchange, in 2022 generated RON7.4 million net profit, down 37.3% from 2021, amid RON20 million turnover, 31.5% lower than in 2021, in line with ZF calculations based on Finance Ministry data. -
ZF English - 06:16 Jun 02, 2023
Store network Annabella, founded by entrepreneurs Dorina and Dan Mutu almost three decades ago, has opened its first retail park in Horezu, Valcea county, thus reaching the mark of 100 stores nationwide. -
ZF English - 10:11 Jun 01, 2023
Paval Holding, the special purpose vehicle of brothers Adrian and Dragos Paval, posted RON1.7 billion revenue and RON1.52 billion net profit in 2022. In comparison, the company, which its owners also use to invest on the Bucharest Stock Exchange, posted RON1.37 billion revenue and RON1.25 billion net profit in 2021. -
ZF English - 08:39 Jun 01, 2023
Private equity firm Value4Capital (V4C) has bought the Clarfon retail chain, which has more than 50 stores in Romania. The deal was concluded with the help of ACP Credit, which specializes in loans, and is at its first transaction in Romania. -
ZF English - 07:53 Jun 01, 2023
Sorin Miron, the former CEO of autoclaved cellular concrete block maker Somaco Grup Prefabricate, became chief executive officer of Prefab, a company in the same business, at the end of 2022, his updated LinkedIn profile and Prefab’s 2022 financial report show.