The three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, as well as for companies' leu-denominated loans, remained flat and started the week at 6.75% on Monday (July 14), the same as on Friday (July 11).
Montecristo Retail RO SRL, which operates the Kenvelo, Lee Cooper and Timeout store chain in Romania, has gone insolvent, as decided by the Ilfov Court of Law.
INVI Baltic Sea Growth Fund, the main private equity fund in the Baltic countries, has completed investment in Pehart Grup, one of the leading manufacturers of paper products for household and industrial use in Romania.
In the last two decades, the number of hotels in Romania affiliated to an international brand has tripled to 76, following EUR1 billion investments by local entrepreneurs, according to ZF estimates.
Nidec electric motor and drive and control equipment factory in Oradea, owned by the Japan’s Nidec Group, posted RON168.7 million (EUR33.9 million) revenue in 2024, down 24.4% from the previous year’s almost RON223.3 million (EUR45.1 million), according to ZF calculations based on Finance Ministry data.
Electronic components manufacturer Plexus Services Ro, the local subsidiary of US group Plexus, posted RON1.907 billion (EUR383.4 million) revenue in 2024, up about 28.5% on 2023’s RON1.484 billion (EUR300.1 million), according to ZF calculations based on Finance Ministry data.
Cold cuts factory Meda Prod 98, one of the biggest actors on the market, controlled by Luchi Georgescu, ended 2024 with RON317.6 million revenue, up 9.6% year-on-year, Finance Ministry data and ZF’s calculations show.
Maspex Romania, one of the largest players on the beverage market, as well as an important player in the snacks and food segment, has budgeted a 7% increase in revenue for 2025, which could exceed RON1.34 billion.