Romania Feed
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ZF English - 14:06 May 08, 2023
A total 1,644 companies went insolvent in the first quarter of 2023, which is similar to the level recorded in the same period of 2022 when 1,610 insolvent companies were registered, as per an analysis by insolvency specialist CITR. q1/ -
ZF English - 12:03 May 08, 2023
Orange Romania, the leader of the Romanian telecom market, has expanded its 5G network to the western city of Oradea, the company said in a statement. -
ZF English - 11:47 May 08, 2023
Technology startup investment platform SeedBlink and Doorway, the Italian leading fintech for online equity investing, have entered a strategic partnership to provide investors with unique access to high-potential investments in international hi-tech startups and scale-ups. -
ZF English - 07:55 May 08, 2023
Grup Serban Holding, a Romanian entrepreneurial company active in several fields of agriculture, has sealed a partnership with Intersnack Romania for the delivery of potatoes for the Chio chips range produced in Romania. -
ZF English - 07:38 May 08, 2023
Side Grup Bucuresti, a wholesaler of cleaning and hygiene products, has leased 1,500 square meters in logistic park Incity Logistic Bacau, developed by Dedeman. -
ZF English - 07:06 May 08, 2023
Compania Industrializarea Carnii (Kosarom), part of Kosarom group operating in the meat industry, a business founded by entrepreneur Neculai Apostol around 31 years ago, for 2022 reported turnover worth RON219.7 million (EUR44.5 million), up around 19% on the year, in line with ZF calculations based on Finance Ministry data. -
ZF English - 06:59 May 08, 2023
SW Umwelttechnik Romania, the local subsidiary of the Austrian company with the same name, a maker of precast concrete products, saw its turnover go up by 38% in 2022, to almost RON190 million. -
ZF English - 06:52 May 08, 2023
Aerostar Bacau (ARS.RO) a company that makes aircraft parts and provides aircraft maintenance services, in the first quarter of 2023 posted net profit worth RON30.1 million, up 50.1% from the year-earlier period, and RON124.7 million turnover, 19.6% higher from 1Q/2022, in line with ZF calculations based on the company’s financial report. -
ZF English - 07:30 May 06, 2023
Banca Transilvania financial group reported a consolidated net profit of RON837.7 million for the first quarter of 2023, of which lender Banca Transilvania's profit is RON675.9 million. -
ZF English - 20:38 May 05, 2023
The association formed by the Alpla Group (Austria), Ecohelp SRL (Romania) and United Polymer Trading (Switzerland) on Thursday (May 4) inaugurated a PET flakes processing factory in Targu Mures, following an investment of EUR7.5 million. -
ZF English - 15:40 May 05, 2023
Romanian state-owned lender CEC Bank ended 2022 with an audited net profit of RON424.3 million, up 16% from 2021, and net interest income of RON1.54 billion, up 43% on the year. -
ZF English - 13:23 May 05, 2023
Romanians bought medicines worth RON26.8 billion (EUR5.44 billion) in the period April 2022 – March 2023, at wholesale prices, 20% more than in the year-earlier period, in line with the Cegedim Customer Information report. -
ZF English - 11:00 May 05, 2023
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 7.3% in unadjusted data and by 6.7% when adjusted for seasonality and number of working days, in March 2023 compared to March 2022, data from the country’s statistics institute INS showed on Friday (May 5). -
ZF English - 10:04 May 05, 2023
New registrations of road vehicles for passenger transport in Romania increased by 3.5% In the first quarter of 2023 compared to the first quarter of 2022, data from the country’s statistics institute INS showed on Friday (May 5). -
ZF English - 07:30 May 05, 2023
Raiffeisen Bank Romania in the first quarter of 2023 posted RON414 million net profit, from RON218 million in the same period of 2022, amid intense lending activity for all business segments, the good risk profile of customers and in the context of the increase in market rates compared to Q1 2022. -
ZF English - 07:13 May 05, 2023
The Bucharest Stock Exchange (BVB), the operator of Romania’s capital market, for the first quarter of this year reported consolidated revenues worth RON12.86 million, down 18% from the same period of 2022, and 68% lower net profit at RON1.76 million amid falling operating revenues and rising operating expenses. -
ZF English - 06:55 May 05, 2023
Rares Florea, CEO of winemaker Domeniile Averesti, says Romania’s wine market is doing well, with the company’s sales reaching RON27 million last year, around RON5 million more than in 2021. For 2023, he expects a 20% increase. -
ZF English - 20:00 May 04, 2023
Luxury jewelry chain Teilor, with two bond issues listed at the Bucharest Stock Exchange, has announced Thursday evening that Willy Dicu will step down from the position of Chief Executive Officer (CEO) of the company. -
ZF English - 19:59 May 04, 2023
Bittnet Systems (BNET.RO), a group of IT companies listed on the main market of the Bucharest Stock Exchange, has notified investors that its Board of Directors decided to conduct a primary public offering to sell unsecured corporate bonds of RON5 million. -
ZF English - 19:23 May 04, 2023
Small investors bought about RON2.9 million worth of shares in the first day of the Agricover Holding initial public offering on the Bucharest Stock Exchange, Thursday, May 4, 2023, ZF has found from brokers’ platforms.