Romania Feed
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ZF English - 07:25 Aug 06, 2021
Eight years after starting investments at Sebes-based Star Assembly, with the sums now topping EUR550 million, the German concern kicks off plan to “convert” its production units in Romania to make parts for future electric vehicles. -
ZF English - 07:14 Aug 06, 2021
BRK Financial Group (BRK.RO), the only broker listed on the Bucharest Stock Exchange (BVB.RO), said in a stock market announcement that it closed a private placement of bonds whereby it raised RON25 million. -
ZF English - 07:02 Aug 06, 2021
The first half of 2021 saw the number of newly-set up companies hit a peak compared with the similar periods of the previous years, with over 79,700 companies being established in the first six months of the year, in line with Trade Registry data. -
ZF English - 06:41 Aug 06, 2021
In the first six months of 2021, international chains opened 170 units of the around 400 previously planned. Some networks are stepping up expansion in 2H to hit their target. -
ZF English - 06:00 Aug 06, 2021
Romanian-held Laboratoarele Fares Bio Vital, posted almost RON102.7 million (EUR21.3 million) revenue in 2020, an increase of 25% year-on-year from the RON81.9 million (EUR17.3 million) of 2019, ZF has calculated from Finance Ministry data. -
ZF English - 06:00 Aug 06, 2021
Carpathian Springs, the bottler of AQUA Carpatica mineral water brand, launched the 330ml sparkling water can on the Romanian market. The Romanian company held by Jean Valvis is thus starting the canned mineral water market in the country. -
ZF English - 16:39 Aug 05, 2021
Stanleybet Capital of the Game World Group, one of the main sports betting and gambling operators in Romania, has raised RON19.8 million lei from investors in a private placement of bonds brokered by Goldring, which started on July 27 and ended on August 5. -
ZF English - 15:05 Aug 05, 2021
Romanian state-owned power grid operator Transelectrica (TEL.RO) said Thursday in a stock market announcement that it drew up a list of minimum 20 strategic projects which will make the electricity transmission grid flexible in order to ensure a gradual transition to neutral economy in terms of carbon emissions. -
ZF English - 14:51 Aug 05, 2021
Greece’s OTE has officially announced the estimated cost to pay to buy the former Romtelecom stake in the former Cosmote Romania, the last hurdle for the takeover of the former fixed telephony monopoly in Romania by France’s Orange. -
ZF English - 13:04 Aug 05, 2021
Lithuanian hotel operator Apex Alliance, which owns and operates four hotels in Bucharest, has finalized its EUR42 million investment in Bucharest’s Old Town. -
ZF English - 13:03 Aug 05, 2021
Telekom Romania Group on Thursday said its EBITDA (earnings before interest, taxes, depreciation, and amortization) adjusted under IFRS-16 grew 14.5% year-over-year to EUR41.4 million, in the second quarter of 2021. -
ZF English - 11:57 Aug 05, 2021
Low-cost airline Wizz Air will be operating flights on two new routes, from capital Bucharest to Gran Canaria (Canary Islands, Spain) and from Cluj-Napoca (north-western Romania) to Billund (Denmark), respectively, this autumn. -
ZF English - 10:15 Aug 05, 2021
Airline Blue Air on Thursday said it would operate up to three weekly direct flights from Iasi (Romania) to Dublin (Ireland), starting December 19, 2021. -
ZF English - 09:52 Aug 05, 2021
Euroins Romania is summoning its shareholders on September 15, 2021 to vote on a new share capital increase, of over RON120 million, after two other consecutive capital increases carried out recently, which exceeded RON126 million. -
ZF English - 09:05 Aug 05, 2021
Romania's nuclear power producer Nuclearelectrica (SNN.RO), which operates the country's sole nuclear power plant, said in a stock market report Thursday that it signed the additional act for taking over the concession license of the uranium ore mining activity in Tulghes-Grinties perimeter located in Neamt County (north-eastern Romania). -
ZF English - 08:37 Aug 05, 2021
Concrete manufacturer Readymix Romania reported a net profit of over RON15.4 million (EUR3.2 million) in 2020, up 19% from nearly RON13 million (EUR2.7 million) in 2019, per public data. -
ZF English - 08:31 Aug 05, 2021
Romania ranks seventh in the EU in terms of beer production, with 1.7 billion litres in 2020, namely 5% of European production volumes. -
ZF English - 07:54 Aug 05, 2021
Car parts manufacturer Joysonquin Automotive Systems Romania (the former Quin Romania), the local division of China’s Joyson, reported a turnover of RON514.5 million (EUR106.7 million) in 2020, down 11% from 2019, per calculations by Ziarul Financiar based on finance ministry data. -
ZF English - 07:35 Aug 05, 2021
Romanian state-owned gas natural transmission company Transgaz (TGN.RO) said Thursday in a stock market report that it completed works on Phase 1 of the natural gas pipeline connecting Bulgaria, Romania, Hungary and Austria (BRUA). -
ZF English - 07:34 Aug 05, 2021
Astra Rail Industries, Romania’s largest rolling stock maker by turnover, for 2020 reported turnover worth RON675.6 million (over RON140 million), down 7.5% from 2019, when the company hit RON730.1 million (EUR154 million) in turnover, in line with Finance Ministry data.