Romania Feed
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ZF English - 12:39 May 25, 2023
Romania's High Court of Cassation and Justice has confirmed the deductibility of expenses and VAT generated by transfer pricing adjustments made by affiliated companies under contracts signed at group level. -
ZF English - 12:09 May 25, 2023
Romania's Finance Ministry raised RON3.7 billion from banks on Thursday (May 25), selling government paper maturing in 2038, at an annual average yield of 7.49%. -
ZF English - 12:00 May 25, 2023
The COVID-19 crisis prompted a surge in the digitalization efforts of EU firms, with more than half (53%) of EU firms taking steps in 2022 to enhance their digital presence, such as offering services online, as per a new report, "Digitalization in Europe 2022-2023: Evidence from the EIB Investment Survey". -
ZF English - 08:01 May 25, 2023
The local unit of German group Siemens has extended for another 5 years the leasing contract for the office space in West Gate Business District, where the company has been headquartered for 15 years, announced Genesis Property, the developer of the real estate compound. -
ZF English - 07:18 May 25, 2023
Financial analysts part of CFA Romania association expect the local currency to decline to an average exchange rate of 5.0528 units per euro in the next 12 months, while the anticipated rate of inflation will reach an average value of 8.13%, a one-year low. -
ZF English - 07:03 May 25, 2023
2Performant (2P.RO), a technology company and the leader of the affiliate marketing market in Romania, in the first quarter of 2023 posted RON10.5 million turnover, up 25% from the year-earlier period, and RON1.47 million losses vs RON1.02 million losses in 1Q/2022. -
ZF English - 06:48 May 25, 2023
Brico Depot Romania retailer, part of Kingfisher group, ended the first three months of 2023 fiscal year with £59 million sales, amid rising consumer demand for most product categories, but particularly for the kitchen one. -
ZF English - 06:40 May 25, 2023
DIY retailer Dedeman, the most powerful Romanian entrepreneurial business, ended 2022 with RON11 billion turnover, 10% higher than in 2021, while net profit went up by 1.45% to around RON1.7 billion. -
ZF English - 06:33 May 25, 2023
MOL Romania Petroleum Products, the local subsidiary of Hungary’s group MOL, for 2022 reported turnover of around RON9.3 billion (EUR1.88 billion), up 17.5% from 2021, in line with ZF calculations based on Finance Ministry data. -
ZF English - 06:24 May 25, 2023
JD Agro Cocora, part of Romania Farm Invest A/S owned by Danish investors, is focusing on becoming a top grain grower in the coming years, with its expanding the cultivated area by as much as 20,000 hectares being a short and medium-term priority. -
ZF English - 06:16 May 25, 2023
Greek-held builder Aktor, part of Ellaktor group, aims to focus on construction opportunities in Romania, a country with high infrastructure development needs. -
ZF English - 19:29 May 24, 2023
Amdaris Romania, which provides software development services, dedicated support for web products and strategic consultancy, ended 2022 with about RON39 million (EUR7.8 million) revenue, 95% higher than in the previous year. -
ZF English - 18:04 May 24, 2023
Bicycle manufacturer Sport Mechanical Workshop in Timisoara, which works exclusively for sporting goods retailer Decathlon, ended last year with more than RON132 million revenue, an increase of 60% on 2021. -
ZF English - 16:31 May 24, 2023
Lödige Industries, one of the world's leading suppliers of logistics systems and lifting solutions, is expanding its capacities at its factory in Brasov (central Romania), aiming to almost double the production area to more than 4,000 square meters and to also build additional office and sanitary facilities. -
ZF English - 15:47 May 24, 2023
Lithuanian Group Apex Alliance and Paval Holding, the latter of which is held by the Paval brothers, the owners of DIY retail chain Dedeman, have completed the acquisition of the Grand Hotel Gardone and announced an investment plan of EUR45 million for renovation and restauration works due to start in 2024. -
ZF English - 14:44 May 24, 2023
ENGIE Romania has teamed up with Etrel and launched a management solution for electric vehicle (EV) charging stations, available to individuals, companies and public charging stations. -
ZF English - 14:23 May 24, 2023
Germany’s Bosch ended fiscal 2022 with consolidated sales of RON2.5 billion (EUR512 million) in Romania, an increase of 4% on 2021, while investments made last year stood at RON410 million (some EUR83 million), going mainly to the development of the production facilities in Cluj and Blaj, as well as to the Bosch engineering center in Cluj. -
ZF English - 13:16 May 24, 2023
Macromex, leader in the Romanian food industry in the frozen and refrigerated products segment, has appointed Mihai Calin to the position of Chief Financial Officer (CFO). -
ZF English - 12:43 May 24, 2023
Tobacco company British American Tobacco (BAT) on Wednesday said it had a total contribution of RON10.5 billion (EUR2.1 billion) in excise and taxes to the Romanian state budget in 2022. -
ZF English - 12:16 May 24, 2023
Cooling systems producer RAAL posted a turnover of nearly RON389.3 million (about EUR79 million) in 2022, up 20.5% compared to 2021, in line with calculations by Ziarul Financiar (ZF) based on finance ministry data.