Articles 401 - 425 of 905 by " Cristina Bellu"
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ING Bank Revises Romania’s 2023 Economic Growth Forecast From 2.5% To 1.5%
22 sep 2023
ING Bank has revised its growth forecast for Romania in 2023 from its previous estimate of 2.5% to 1.5%, based on a slightly disappointing first half of the year and limited prospects for an more
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TeraPlast Aims to Digitize 80% of Logistic Processes within Next 12 Months
22 sep 2023
Building materials maker TeraPlast Bistrita estimates that within a year, 80% of its logistics operations processes will be carried out through software that increases efficiency and reduces the more
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Agroland Agribusiness Reports 11% Higher Revenues in 1H/2023 from 1H/2022. Net Profit Up 3%
19 sep 2023
Agroland Agribusiness, a Romanian entrepreneurial company part of Agroland group, specialized in the sale of farming inputs, registered operating revenues of RON28.6 million in the first half of 2023, more
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CreditAmanet Reports RON42M Turnover, Up 26%, RON4.4M Profit, 24% Higher in 1H/2023 vs 1H/2022
14 sep 2023
CreditAmanet holding, a Romanian-held provider of pawnbroking and money exchange services, registered turnover worth RON42.3 million in the first half of 2023, up 26.2% from the RON33.5 million more
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ACAROM: Romania’s Car Production Down 4.5% in July-Aug 2023 vs Year-Earlier Period
13 sep 2023
The passenger car output of the two automotive plants of Romania, Dacia and Ford, in the July-August 2023 period dropped by 4.5% year-on-year, to 58,929 units, in line with data provided by the more
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Mozaik Investments Raises EUR25M via PNRR to Fund SMEs of Romania and CEE
12 sep 2023
Mozaik Investments, an investment fund launched in 2019, is set to get investments via PNRR worth as much as EUR25 million, to fund around 7-9 small and medium-sized companies, mainly from retail and more
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Germany’s Huennebeck Partners Up with ELI Parks to Develop over 12,000-Sqm Production and Logistics Center in Ploiesti
12 sep 2023
Huennebeck Romania, a company active in the field of casing and scaffolding systems, part of a Germany group, has signed an agreement with ELI Parks, a major developer on Romania’s real estate, more
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One United Properties Convenes Shareholders to Vote on Distribution of RON38M Interim Dividends
4 sep 2023
Real estate developer One United Properties has convened its shareholders for October 9 to approve the distribution of interim dividends from the company’s profit corresponding to the first six more
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Holde Agri Invest Boosts Storage Capacity to 25,000 Tons of Grain
31 aug 2023
Holde Agri Invest, a Romanian-held company that operates farmland, has completed construction of a new silo within Frumusani farm of Buciumeni, Calarasi county, with a storage capacity of 10,000 tons more
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Sphera Franchise Group Switches to RON19.4M Net Profit in 1H/2023 from RON8.7M Losses in 1H/2022
30 aug 2023
Sphera Franchise Group, which holds the franchise for the KFC, Pizza Hut and Taco Bell in Romania, for the first half of 2023 reported net profit of RON19.4 million, compared with RON8.7 million more
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Minifarm To Buy Nine Pharmacies In Bucharest From Elixirfarm Impex And Farmacia Kogalniceanu
29 aug 2023
Retail pharmacy chain Minifarm, which has developed in Tulcea and Constanta counties, and recently in Bucharest, plans to take over nine pharmacies in Bucharest from Farmacia Elixirfarm Impex and more
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Belgium’s Etex Set to Invest EUR28M in Plasterboard Plant near Bucharest
29 aug 2023
Belgian-held drywall products maker Etex Building Performance (the former Siniat Romania) will invest EUR28 million in a plasterboard plant near Bucharest, which is set to start operating in 2025. more
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Simtel Team Completes First Phase of Plesoiu Photovoltaic Park
29 aug 2023
Simtel Team, a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange and the leading company in the renewable energy field, has completed the first more
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INS: Romanian Execs Forecast Rising Prices in Constructions and Retail, Moderate Growth in the Two Fields in Aug-Oct 2023
28 aug 2023
Romanian executives for August-October 2023 period project a moderate activity increase in constructions and retail, in parallel with rising prices in the two fields, while the number of employees in more
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Electrica Switches to RON106M Net Profit in 1H/2023, from RON176M Losses in 1H/2022
25 aug 2023
Electrica, a major player on Romania’s electricity distribution and supply market, in January-June 2023 period reported net profit of RON106 million, a significant improvement against the RON176 more
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CFA Romania Analysts Project 7.52% Average Inflation Rate in Next 12 Months, See Leu at 5.0798 Units/Euro, Expect 2.8% Economic Growth in 2023
25 aug 2023
Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0798 units/euro in the coming 12 months, while the average inflation more
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MedLife Group 1H/2023 Turnover Up 24% To RON1.06B
25 aug 2023
Private healthcare operator MedLife Group reported RON1.06 billion turnover in the first six months of 2023, up 23.9% from the year-earlier period. more
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Altex’s NBFI Credex Gets Payment Institution License
24 aug 2023
Credex IFN, a non-banking financial institution (NBFI) of the Altex Group, the leading computer and electronics retailer in Romania, has secured a license to operate as a payment institution from more
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Real Estate Deals Increase By 16% To More Than 12,000 In July
24 aug 2023
The number of real estate deals in Romania stood at 12,252 in July 2023, an increase of 16% on June 2023, data from the national cadaster agency ANCPI showed on Thursday (August 24). more
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Romania Private Lending Up 5.6% YoY To RON378.2B In July 2023
24 aug 2023
Private lending in Romania grew by 5.6% in nominal terms (down 3.5% in real terms) to RON378.2 billion in July 2023 compared with July 2022, central bank data showed on Thursday (August 24). more
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Alpha Bank Takes Over Orange Money IFN Romania
24 aug 2023
Orange, leader of Romania’s telecom market, has announced it reached an agreement regarding the transfer of Orange Money retail business of Romania to Alpha Bank Romania. more
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Winemaker Purcari Posts RON25.5M Profit in 1H/2023, up 22% YOY
24 aug 2023
Winemaker Purcari in the first half of this year registered RON161.4 million revenues, up 30% from the year-earlier period, while net profit rose by 22% to RON25.5 million. more
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Mercedes-Benz Puts Natalie Thompson In Charge Of Romanian Operations
23 aug 2023
Natalie Thompson (32), currently Head of Marketing and Communications at MBGD in Dubai, will take over as CEO of Mercedes-Benz Romania from the fourth quarter of 2023. more
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Deloitte: Romania Ranks Third Among Countries With Cheapest Housing In Europe
23 aug 2023
Romania ranks third among European countries with cheapest housing, after Bosnia and Herzegovina and Greece, as the average price of a new home is EUR1,417/square meter, up from EUR1,266/square meter more
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Agista Buys Minority Stake In Medical Clinic Network Centrokinetic
22 aug 2023
Romanian-held growth equity fund Agista, which is in the process of being licensed by Romania’s Financial Supervisory Authority has signed a contract to buy a minority stake in medical clinic more