ZF

Marian Buica Elected Temporary Member Of Biofarm Board Of Directors

Fri, 18 Sep 2020 15:51:49 GMT

Marian Buica, general manager of regional investment fund SIF Muntenia (SIF4.RO), was elected temporary member of the Board of Directors of pharmaceuticals company Biofarm, Bucuresti and is to be confirmed by the General Meeting of Shareholders.

Private Pension Assets In Romania Reach RON68B End-June 2020, Up 6.31% From December 2019

Fri, 18 Sep 2020 14:45:00 GMT

The assets managed by private pension funds (Pillar II and Pillar III) in Romania reached RON68.57 billion (EUR14 billion) at the end of June 2020, up 6.31% compared with the December 2019, data from Romania's financial market regulator ASF showed Friday.

Lighting Manufacturer Elba Timisoara Revenue Down 19% to RON230M in 2019

Fri, 18 Sep 2020 07:49:45 GMT

Timisoara-based lighting manufacturer Elba, which makes vehicle headlights and lamps, among others, for such automotive groups as Dacia-Renault and Skoda, posted about 230 million lei (EUR48.5 million) revenue in 2019, 19% lower than in 2018, ZF has calculated from Finance Ministry data.

BSH Electrocasnice Revenue Up to Almost RON300M in 2019

Fri, 18 Sep 2020 07:31:31 GMT

BSH Electrocasnice part of Germany’s Bosch group sold 285 million lei worth of washing machines, cookers, and refrigerators in Romania last year, an increase of 15.6% on 2018.

Bucharest, Cluj and Timis – Top Three Counties by Volume of Retail Loans

Fri, 18 Sep 2020 07:09:48 GMT

Bucharest, including Ilfov County, stands out with the highest stock of loans at the end of July 2020, some 53 billion lei, almost 7% more than in the year-ago period, Romania’s central bank data show.

Retailers Profi and Lidl Top Two Companies by New Hires in 2019

Fri, 18 Sep 2020 06:37:36 GMT

Two retailers, Profi and Lidl, are the companies that hired most people last year. Profi hired almost 2,700 people and Lidl Discount almost 2,000 in 2019, according to the statistics of financial analysis platform confidas.ro, based on preliminary 2019 figures, since not all companies in Romania have filed their financial statements yet.

Matei Filipidescu Appointed Chief Financial Officer Of GSP Holding

Thu, 17 Sep 2020 15:04:32 GMT

Matei Filipidescu was appointed Chief Financial Officer (CFO) within GSP Holding, a group of companies with activities in oil and natural gas extraction, in Romania's southeast county of Constanta, according to personal LinkedIn data.

Profi Opens New Store Concept In Ploiesti

Thu, 17 Sep 2020 14:02:02 GMT

Grocery retail chain Profi, held by buyout investor Mid Europa Partners, has opened a new store concept in the city of Ploiesti, called “Monaco”, a standard supermarket which also incorporates store concept fiiGo.

Sales Of Dacia, Renault Vehicles Hit Record High On Groupe Renault Romania’s E-commerce Platforms

Thu, 17 Sep 2020 12:42:36 GMT

Groupe Renault Romania, the owner of carmaker Automobile Dacia, has reached a record sales volume on the two e-commerce platforms it launched two years ago, considering that 30 Dacia and Renault vehicles have been bought online in one day, over the past month.

Banca Transilvania To Grant RON700M Loans Via New Home Program

Thu, 17 Sep 2020 12:12:04 GMT

Romanian Lender Banca Transilvania (TLV.RO) has started to grant loans under the New Home subsidized mortgage lending program, aiming for a total amount of RON700 million.

Uniprest Instal Opens New Warehouse In Iasi, In EUR350,000 Investment

Thu, 17 Sep 2020 11:28:44 GMT

Uniprest Instal, a national wholesaler of heating installations and equipment, is opening a new warehouse in Iasi (eastern Romania), with a total surface area of 920 square meters, which entailed an investment of EUR350,000, after having relocated the warehouse in Deva to a larger location.

Blue Air Launches Seven New Flight Routes During Winter Holidays

Thu, 17 Sep 2020 10:09:14 GMT

Low-cost airline Blue Air will be introducing 49 new weekly flights towards seven destinations, namely, Barcelona, Birmingham, Bologna, Glasgow, Madrid, Rome and Vienna, between December 18, 2020 and January 10, 2021.

Romanian Retailer Contakt Expands Store Chain By 18 Units; Seeks To Open 8 More Units In 2020

Thu, 17 Sep 2020 08:55:41 GMT

Romanian retailer Contakt, specialized in the distribution of accessories and technologies for mobile devices, has opened 18 stores in 2020, reaching over 200 active units, and seeks to expand by eight new units until the end of 2020, which will be located in Bucharest, Cluj-Napoca, Brasov, Galati, Ploiesti and Turda.

Romania Ranks 14th In The EU By New Car Registrations In January-August 2020

Thu, 17 Sep 2020 08:11:00 GMT

Romania ranks 14th in the European Union regarding new car registrations in January-August 2020, with 72,723 units, 37.5% fewer than in the same period in 2019, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed Thursday.

Dedeman Set to Open Seventh Store in Bucharest

Thu, 17 Sep 2020 07:32:47 GMT

DIY retailer Dedeman will open its seventh store in Bucharest, in Ghencea, at the end of this week, following a EUR29 million investment on a 59,000 square meter plot. This is its second store in the west of the city.

Coffee Maker Manufacturer Bialetti’s Romanian Plant Posts RON73M Revenue in 2019

Thu, 17 Sep 2020 07:04:19 GMT

Italian-held coffee maker and espresso machine manufacturer Bialetti saw the revenue of its plant in Prahova that employs 250 grow 13% to 73 million lei in 2019 compared with 2018. Last year’s was the highest revenue of the company in Romania ever.

Romania Retail Universe Numbers 120,000 Stores

Thu, 17 Sep 2020 06:19:03 GMT

The retail universe in Romania numbers 120,000 stores and more than 90% of those have a floor area of less than 120 square meters, National Statistics Institute data show. On the other hand, there are only 84 stores of more than 10,000 square meters.

Samsung: 2020 Not a Typical Year but TV Set Market Stable

Thu, 17 Sep 2020 06:00:00 GMT

The trend of TV sales on the Romanian market has been completely unusual this year as the start of the COVID-19 pandemic led to sports events being postponed that normally drive people to buy TV sets.

ROMAERO Gets Second Bank Financing Worth A Total RON59M, In Less Than Three Months

Wed, 16 Sep 2020 16:05:23 GMT

Upon accessing Government Ordinance no.6/2019 on restructuring state budget debts, Romanian aircraft parts maker Romaero (RORX.RO) gets a second bank financing worth RON14 million, over a 36-month period, to support its current activity.

TBI Bank Posts 16% Lower Consolidated Net Profit, Of EUR8.2M, In 1H/2020

Wed, 16 Sep 2020 13:29:48 GMT

TBI Bank, part of 4Finance Group, with operations in Romania, Bulgaria, Germania, Sweden and Poland, ended the first half of 2020 with a consolidated net profit of EUR8.2 million, down 16% on the year, and its assets grew 8% to EUR504 million.