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Cargus Expects 20% Growth In Revenue In 2023
Cargus, one of the largest parcel delivery companies in Romania, expects 20% higher revenue in 2023, the company said. This year’s plans are to expand to other countries in (...)
Jun 7, 2023
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Lion Capital Sells 5% In Argus Constanta For RON4.44M
Lion Capital (LION.RO), formerly SIF Banat-Crisana (SIF1.RO) sold its 5% stake in vegetable oil producer Argus Constanta (UARG.RO) in the June 2 session, a report to the Bucharest Stock Exchange (...)
Jun 7, 2023
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Medicover Opens EUR31M Hospital In Pipera
Medicover Romania, the third largest player on the private medical services market, has opened a new hospital in northern Bucharest, in the Pipera area, following an investment of EUR31 (...)
Jun 7, 2023
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Norofert Gets RON5M Loan From CEC Bank
Romanian producer of organic farming inputs Norofert (NRF.RO) has notified shareholders about taking out a RON5 million loan from CEC Bank to use for working capital, a report to the Bucharest (...)
Jun 7, 2023
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Filbo And Flip.ro Conclude Partnership Enabling Small Entrepreneurs To Buy Refurbished Phones For Their Business Activity
Filbo, a fintech providing financing to micro-enterprises and entrepreneurs, has concluded a partnership with Flip.ro, an online platform for the purchase of refurbished mobile telephones, (...)
Jun 7, 2023
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Antibiotice Iasi Gets RON4.1M Funding For Photovoltaic Park
Antibiotice Iasi (ATB.RO), Romania’s largest producer of generic drugs, on Wednesday notified the Bucharest Stock Exchange of having received RON4.08 million from the Ministry of European (...)
Jun 7, 2023
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Dental Clinic Chain Dr. Leahu Reports Cumulative Revenue Of RON132M For 2022, Up 31% YoY
Dental clinic chain Dr. Leahu ended 2022 with cumulative revenue of RON132 million, up 31% versus 2021, and 169 dental offices in 19 clinics across 13 towns and (...)
Jun 7, 2023
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Deloitte Romania Expands Management Team With Three New Partners
Deloitte Romania is expanding its management team by promoting Andrei Cozachevici and Razvan Ungureanu to the position of Audit and Assurance Partners, and Marius Vasilescu to the position of (...)
Jun 7, 2023
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Dona Group Reports RON2.8B Turnover For 2022, Up 18% Vs 2021
Dona Group, which includes the pharmacy chain of the same name and pharmaceutical distributor Dona Logistica, ended 2022 with a turnover of RON2.8 billion, up 18% on the year, as per data (...)
Jun 7, 2023
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Greece's Jumbo Ends 2022 With RON955M Sales In Romania, Up 10% YoY
Greek toy retailer Jumbo, which has 16 stores in Romania's largest cities, ended 2022 with sales of RON995 million on the local market, up 10% versus 2021, as per publicly available data from the (...)
Jun 7, 2023
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TotalSoft Posts 23% Growth In Revenue In Q1, 2023
TotalSoft, one of the largest software developers in Romania, saw a significant rise in sales in the first quarter of 2023, the company said in a release.
Jun 7, 2023
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Banca Transilvania: Private Consumption To Grow By 2.9% In 2023, By 4.8% In 2024 And 2025; Average Inflation At 9.3% In 2023
Lender Banca Transilvania forecasts an increase of 2.9% in private consumption in 2023 and of 4.8% in 2024 and 2025, respectively, in parallel with an average inflation rate of 9.3% in 2023, on (...)
Jun 7, 2023
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IEA: Doubling Energy Efficiency Progress By 2030 Is Key Step In Efforts To Reach Net Zero Emissions
The International Energy Agency (IEA) is bringing together global energy and climate leaders in France this week for a major ministerial meeting on energy efficiency, with new IEA analysis (...)
Jun 7, 2023
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INS: Romania's Hourly Labor Costs Up 2.29% In Q1/2023 Vs Q4/2022
Romania's hourly labor costs adjusted to the number of working days increased by 2.29% in the first quarter of 2023 compared to the fourth quarter of 2022, in line with data from the country's (...)
Jun 7, 2023
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INS: Romania's Average Income/Household At RON6.464; Average Expenditure/Household At RON5.611 In 2022
Romania's total monthly average income was RON6.464 per household (RON2.575 per person), in nominal terms, in 2022, higher by 13.8% and by 14.8%, respectively, compared to 2021, in line with data (...)
Jun 7, 2023
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INS: Tourist Arrivals In Romania Grow 19.9% YoY In April 2022
Arrivals at Romanian tourism accommodation establishments, including apartments and rooms for rent, grew by 19.9% in April 2023 to 894,300 compared to April 2022 and overnight stays grew 18.7% on (...)
Jun 7, 2023
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Three-Month ROBOR Starts June Stuck At 6.55%
Romania’s 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, remained flat at the start of June at (...)
Jun 6, 2023
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