Pharmaceutical Retail Doubled to More Than RON20B in Ten Years
12.14.2020
Romanians spent more than 20 billion lei in pharmacies last year, as their medicine and food supplement purchases rose by 8% in 2019 year on year, Trade Register data show.
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Medtech Start-Up XVision Changes Brand Identity to Rayscape 09.21.2022
Local start-up XVision, which has developed a platform based on artificial intelligence algorithms that helps radiologists in reviewing and... more
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MedLife Group Appoints Alina Irinoiu As Chief Financial Officer 09.21.2022
MedLife, the largest private medical services operator on the Romanian market, on Wednesday (Sept 21) announced the appointment of Alina Irinoiu as... more
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Medical Lab Network Bioclinica Revenue Rises 46% to RON230M in 2021 09.20.2022
Bioclinica, one of the largest players in the market of medical laboratories and collection centers, posted RON230 million (EUR47 million) last... more
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Help Net and Farmexim Owner Creates New Company to Provide Services to Pharmaceutical Businesses 09.20.2022
PHOENIX group, the shareholder of Help Net pharmacies and the drug wholesaler Farmexim, has set up a new company - EL Pharma, in 2021, which will... more
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Turkey’s Memorial Hospital Seeks to Buy Private Hospitals in Romania 09.16.2022
Turkish group Memorial Hospital mulls entering Romania via the acquisition of some already operational hospitals, according to industry sources. more
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Romania Pharma Production Nears EUR1B in 2021, But Company Numbers Down 09.15.2022
Romania’s drug production is based on 158 companies, which generated RON48 billion turnover in 2021, up 6% year-on-year. Yet, the number of... more
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MedLife Acquires Digital Platform SanoPass 09.12.2022
MedLife, the leader of the private medical services market in Romania, announces it has acquired the majority package in the SanoPass digital... more
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Cronos Med Group Invests EUR700,000 In Acquiring Clinic In Iasi; Seeks Expansion Into Other Cities 09.08.2022
Cronos Med Group, a plastic surgery and medical aesthetics chain founded by physician Constantin Stan, has invested EUR700,000 in acquiring a new... more
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Affidea Romania Buys Medsan Center of Cluj 09.08.2022
Affidea Romania, the biggest player on Romania’s medical imaging market, has acquired Centrul Medsan of Cluj-Napoca. more
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Promed System Opens Maternity in Militari, Bucharest 09.06.2022
Promed System, which controls two Wellborn hospitals in Bucharest, has opened a maternity within Militari hospital with two surgery halls and 12... more
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Trident Expects RON20M Turnover in 2022, Up 33% YOY 09.02.2022
Bucharest’s Trident clinic, controlled by doctor Florin Lazarescu, will reach the RON20 million mark in 2022 at group level, in line with... more
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MedLife Ends 1H/2022 with RON860M Consolidated Turnover, Up 27%, and RON45.6M Net Profit, Down 36% from 1H/2021 08.26.2022
MedLife, the leader of Romania’s healthcare market, in the first half of this year recorded consolidated turnover worth RON860 million, up 27%... more
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Antibiotice Iasi Sales up 54% to RON248M in H1 08.18.2022
Romanian pharmaceutical manufacturer Antibiotice (ATB.RO) Iasi’s total revenue from sales reached RON248.1 million in the first half of 2022, up... more
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Farmaceutica Remedia Profit Drops to RON3.7M in H1 08.12.2022
Pharmaceutical wholesaler Farmaceutica Remedia (RMAH.RO) ended the first six months of the year with a net profit of RON3.7 million, down 12% from... more
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Gral Medical Set to Invest RON24M in Two Hospitals in Craiova and Pitesti 08.12.2022
Gral Medical, the sixth largest player in the private medical services market by revenue, has two sites in Craiova and Ploiesti ready for two... more
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Antibiotice Wants to Develop Two Plants at Its Iasi Site 08.10.2022
Drug manufacturer Antibiotice Iasi (ATB.RO) wants to build two new factories for sterile products and sterile topical products, a total investment... more
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Vonica Family Sells Last 24 Pharmacies Held In Sibiu County 08.08.2022
The Polisano Pharma SRL pharmacies held by Daniela Ioana Vonica and Valentina Bîrsan, were acquired by Marcos Provit, part of Evofarm Group, which... more
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Bucharest’s Royal Hospital Aims for 15-20% Higher Turnover in 2022 YOY 08.05.2022
Bucharest’s Royal Hospital, founded by gynecologist Ioan Stoian, has budgeted 15-20% higher turnover for 2022 and will add two floors next year,... more
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MedLife Takes Over 60% of Brasov-based Opticristal 08.04.2022
MedLife, the main player on Romania’s private healthcare market, has acquired 60% in Brasov-based ophthalmological diagnosis and surgery clinic... more
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EBRD Grants EUR12.5M Funding to Dona Group 07.25.2022
EBRD is providing EUR12.5 million in financing to Dona Group, an integrated player in the Romanian pharmaceutical market, to support the company's... more
Real estate investments in Romania neared EUR900 million in 2021, with over a third of the amount transacted being recorded in the last
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The Romanian equity of Germany’s group Metro is valued at EUR225 million, in line with data presented in a company report.
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One United Properties (ONE.RO), one of the leading green developers of residential, mixed-use and office real estate in Romania, has
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House prices per square meter in Romania are undervalued by almost 30% compared to house prices on other real estate markets in Europe,
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Five new companies listed on the Bucharest Stock Exchange will be included in the FTSE Russell index series dedicated to Emerging
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Bistrita-based Datacor plans to develop greenfield-type photovoltaic projects in Transylvania, with total 50MW capacity, as the system
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CTP, the biggest developer and manager of industrial and logistics space in Romania, has over 270,000 square meters under construction
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Ford’s assembly facility in Craiova has produced one million vehicles between 2009 and 2021, in the amount of EUR18 billion, of which
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Poland’s group CCC is bringing in Romania in 2022 the HalfPrice brand, which will operate on the fashion outlet segment, according to
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What Chances Do Romanian Entrepreneurial Companies Stand to Become “Multinationals of the East”?
A rising number of companies, not just from the tech field, are exporting their business model abroad, gaining new markets and strengthening their operations, acting as genuine “multinationals” of the East. Is this concept functional at present and can it be used in any field?