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Agroland Group Sees Net Profit Up 63% In 2024

Fri, 21 Feb 2025 21:32:11 GMT

Agroland Business System (AG.RO), a Romanian entrepreneurial retail, agriculture and food group, posted RON7.7 million net profit in 2024, 63% more than in 2023.

ROCA Industry Has Invested More Than EUR6.5M In Operations In Republic Of Moldova

Fri, 21 Feb 2025 20:42:33 GMT

ROCA Industry, the Romanian holding company specialized in the construction material segment and listed on the main market of the Bucharest Stock Exchange, has already invested more than EUR6.5 million in its operations in the Republic of Moldova.

Romgaz Makes RONI230M Deposit With Exim Banca Romaneasca

Fri, 21 Feb 2025 16:52:54 GMT

State-run natural gas producer and supplier Romgaz (SNG.RO), made a term deposit without auto-renewal option, with the interest rate negotiated, with the Exim Banca Romaneasca on February 20, it said in a report to the Bucharest Stock Exchange on Friday.

Sierra Quadrant: Number Of Ailing Companies To Increase Significantly In 2025

Fri, 21 Feb 2025 16:33:02 GMT

The number of ailing companies in various stages, such as deregistration, insolvency, dissolution or suspension of activity will increase significantly this year, from 155,000 to 170-180,000, amid the slowdown in economic activity and the effect of new restrictions on micro-enterprises.

Prefab Bucuresti Revenue Down 22% In 2024

Fri, 21 Feb 2025 10:46:30 GMT

Precast concrete part maker Prefab Bucuresti (PREH.RO) held by entrepreneur Petre-Marian Milut, ended 2024 with RON86.5 million revenue, 21.6% lower than in 2023.

Romanian Startup Rayscape Plans To Get New EUR3M Funding Round

Fri, 21 Feb 2025 10:03:31 GMT

Romanian startup Rayscape, which specializes in development of artificial intelligence algorithms for interpreting medical images, plans to attract a new EUR3 million round of funding this year.

Lidl Opens Two New Stores In Cisnadie (Sibiu) and Harsova (Constanta)

Fri, 21 Feb 2025 09:34:56 GMT

German-held retailer Lidl opened two new stores in Cisnadie, Sibiu and Harsova, Constanta, on Thursday, February 20, the retailer announced. A week before it had opened two stores in Harman, Brasov, and in Cluj-Napoca.

Arterimpex Invests EUR4M To EUR5M In Logistics Center And Frozen Storage Facility In Sfantu Gheorghe Industrial Park

Fri, 21 Feb 2025 09:02:13 GMT

Arterimpex, a producer and distributor of food under the Benedek brand, part of the Bertis Group held by the Berszány family, will invest EUR4 million to EUR5 million in new headquarters in the industrial park in Sfantu Gheorghe, Covasna County.

Prebet Aiud Buys 426 Roca Investments Shares For RON9.6M

Thu, 20 Feb 2025 19:21:29 GMT

Precast concrete part maker Prebet Aiud (PREB.RO) on Thursday evening notified the Bucharest Stock Exchange of having bought 426 shares in private equity company Roca Investments for RON9.6 million.

Finance Ministry Raises RON1.9B From Banks Via Two Bond Issues On Feb 20

Thu, 20 Feb 2025 18:50:59 GMT

Romania's Finance Ministry raised RON1.89 billion from banks on Thursday (February 20), selling government paper in two auctions, at annual average yields of 6.64% and 7.43%, respectively.

Medisprof Group Secures Zoning Permit For Second Hospital In Cluj-Napoca

Thu, 20 Feb 2025 16:38:32 GMT

Medisprof, a Romanian-held significant actor in the oncology service business in Romania, has secured the zoning permit it needs in order to build a new hospital in Cluj-Napoca.

Food Industry Group Scandia Branches Out Into Residential Development

Thu, 20 Feb 2025 14:48:59 GMT

Scandia, one of the largest actors in the food industry in Romania, is starting construction work on residential complex Mestecenilor Residence in Frigoeriferului area in Sibiu via its real estate division Scandia Romana Development.

Investments in Romanian Startups Overshoot EUR100M in 2024, For Fourth Consecutive Year

Thu, 20 Feb 2025 09:40:08 GMT

Investments in Romanian startups went beyond EUR100 million in 2024 for the fourth year in a row, reaching EUR130.7 million, reveals “Venture in Eastern Europe 2024” report drawn up by How to Web and Croatian unicorn Infobip.

NN Asigurari de Viata Ends 2024 with almost RON1.15B in Gross Underwritings, Up 12.7% Vs 2023

Thu, 20 Feb 2025 09:31:23 GMT

NN Asigurari de Viata, leader of Romania life insurance market, ended 2024 with a volume of gross underwritten premiums of almost RON1.15 billion, 12.7% higher than in 2023.

Rising Number of Romanians Interested in Second Jobs

Thu, 20 Feb 2025 08:47:28 GMT

The number of part-time jobs has risen since the start of 2025 by 20% against the year-earlier period, as employers have posted 7,500 such jobs.

Moldovan Carmangerie Reaches EUR22.5M Turnover in 2024, Up 5% YOY

Thu, 20 Feb 2025 08:36:38 GMT

Moldovan Carmangerie, operating in the meat industry, controlled by Moldovan family of Cluj, last year generated turnover worth RON112.7 million (around EUR22.5 million), up 5% from 2023.

Victoria’s Secret Expands Further in Romania with Store in Cluj-Napoca Airport

Thu, 20 Feb 2025 08:22:15 GMT

Victoria’s Secret is expanding its footprint in Romania with the opening of a new location, within BestValue store of Cluj-Napoca “Avram Iancu” airport, with this being for now the only unit the famous brand has launched in a Romania airport.

Mobexpert Starts 2025 with New Store in Cluj

Thu, 20 Feb 2025 08:14:41 GMT

Mobexpert, a Romanian brand created by Dan Sucu, has opened 6 concept stores since 2021 and has started 2025 with a new store in Cluj-Napoca, in a space leased from CTP, the largest player on the logistics market.

Hungary’s AutoWallis Brings Chinese EV Brand Farizon In Romania

Wed, 19 Feb 2025 21:46:24 GMT

Hungary’s AutoWallis Group, based in Budapest, is bringing the first Farizon electric commercial utility vehicles made in China to Romania and therefore becoming the official importer of the brand.

E-Learning Company Ascendia Doubles Net Profit In 2024

Wed, 19 Feb 2025 20:28:56 GMT

Ascendia (ASC.RO), a developer of e-learning solutions for various fields, ended 2024 with RON2.3 million net profit, double (105.3%) the 2023 net profit, while revenue stood at RON9.1 billion, an increase of 1.4%.