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Bonas Switches To RON117,000 Net Profit In Q1/2023 After 73% Surge In Sales To RON7M Vs Q1/2022
Cluj-based dairy producer Bonas Import Export (BONA.RO) has announced sales of RON7 million for the first quarter of 2023, up 73% on the year, and a net profit of RON117,300 from a loss of (...)
May 31, 2023
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Dumagas Seeks To Scale Down Activity In Romania And Focus On Western Europe
Local freight forwarder Dumagas, recently acquired by Omnia Capital, a company held by Matei Ladea and Bogdan Georgescu, is evaluating possible changes to its business strategy, aiming to reduce (...)
May 31, 2023
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EY: UK And European Banks Report Strong Progress Towards Basel III Compliance
UK and European headquartered global banks are reporting strong progress towards Basel III compliance, well ahead of the January 2025 implementation deadline, according to a new EY (...)
May 31, 2023
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Two New Companies Listed On Bucharest Stock Exchange To Be Included In MSCI Frontier IMI Indices
The shares of the companies Societatea Nationala Nuclearelectrica (SNN.RO), the sole producer of nuclear power and nuclear fuel using CANDU 6 type technology in Romania, and One United Properties (...)
May 31, 2023
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INS: Romania Building Permits Down 32.3% YoY In April 2023
Romanian authorities issued 2,677 residential building permits in April 2023, 20% fewer than in March 2023 and 32.3% fewer than in April 2022, data from the country’s statistics board INS showed (...)
May 31, 2023
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Romania Unemployment Rate Inches Up To 5.6% On Month In April 2023
Romania’s unemployment rate stood at 5.6% in April 2023, higher by 0.1 percentage points than 5.5% in March 2023, data from the country’s statistics institute INS shows on Wednesday (May (...)
May 31, 2023
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Healthcare Network Regina Maria Invests over EUR3M in Biggest Regional Lab
Healthcare network Regina Maria has invested over EUR3 million in the largest regional lab, located in Cluj-Napoca, a city where the company has so far poured around EUR25 (...)
May 31, 2023
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Footprints AI: Shopping Basket Monthly Average Value Up 10-15% in 2022
The monthly average value of the shopping basket went up by 10-15% in 2022, with foodstuffs and consumer goods prevailing, reveals an analysis by Footprints AI, a Romanian company that operates (...)
May 31, 2023
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Hochland Romania 2022 Profit Up 40% To RON46.7M YOY
Hochland Romania, a major dairy producer locally, in 2022 reached turnover worth RON728.8 million (EUR147.8 million), up 31% on the year, in line with ZF calculations based on Finance Ministry (...)
May 31, 2023
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Fashion Retailer New Yorker Sees 2022 Turnover Go Up 24.3% To RON518.5M YOY
Cluj-Napoca-based NY’ER, manager of local New Yorker stores, for 2022 reported turnover of RON518.5 million (EUR105.2 million), 24.3% higher than in 2021, in line with ZF calculations based on (...)
May 31, 2023
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DHL Romania 2022 Turnover Tops RON500M, Up 20% YOY
Courier services company DHL International Romania, a major player on the local courier services market, boosted its revenues by 20% in 2022, to RON505 (...)
May 31, 2023
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Biscuit Maker Croco Aims to Invest EUR12M to Develop Onesti Plant
Croco, a Romanian biscuit manufacturer with a plant in Onesti, Bacau county, plans to invest EUR12 million starting 2024 over two years.
May 31, 2023
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Pharma Group Bioeel 1Q/2023 Turnover Rises 40% To over RON215M
Bioeel, owned by businessman Albert Attila, founding member, and Jean Scheftsik de Szolnok, a French citizen, in the first quarter of this year raked in turnover of above RON215 million (around (...)
May 31, 2023
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Cereale Colect Distribution Doubles Turnover in Two Years
Cereale Colect Distribution of Tulcea county, a business owned by Romanian entrepreneurs Tase and Dina Mergeani, generated turnover worth above RON850 million in 2022, almost double the 2020 (...)
May 31, 2023
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Romanian Senate president: rotation of Government seats will take place when possible
The planned rotation of the ministries among the ruling coalition's partners in Romania "will be done when it can be done," the acting president of the Senate and deputy president of the Liberal (...)
May 31, 2023
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Masterbuild: demand for industrial constructions in Romania is robust
The growth in the construction sector at the beginning of 2023 comes mainly from the retail and manufacturing segment but also from the logistics sector, as international operators continue the (...)
May 31, 2023
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Greek constructor builds 1.75GW gas-fired power plant for Mass Global Energy in Romania
Mass Global Energy Rom, owned by Jordanian entrepreneur Ahmad Ismail Saleh, selected Avax Group, one of the largest and oldest construction conglomerates in Greece, to build a 1.75GW gas-fired (...)
May 31, 2023
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