Retailers Profi and Lidl Top Two Companies by New Hires in 2019
yesterday, 09:37
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.
-
Marian Buica Elected Temporary Member Of Biofarm Board Of Directors yesterday, 18:51
Marian Buica, general manager of regional investment fund SIF Muntenia (SIF4.RO), was elected temporary member of the Board of Directors of... more
-
Private Pension Assets In Romania Reach RON68B End-June 2020, Up 6.31% From December 2019 yesterday, 17:45
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,... more
-
Lighting Manufacturer Elba Timisoara Revenue Down 19% to RON230M in 2019 yesterday, 10:49
Timisoara-based lighting manufacturer Elba, which makes vehicle headlights and lamps, among others, for such automotive groups as Dacia-Renault and... more
-
BSH Electrocasnice Revenue Up to Almost RON300M in 2019 yesterday, 10:31
BSH Electrocasnice part of Germany’s Bosch group sold 285 million lei worth of washing machines, cookers, and refrigerators in Romania last year,... more
-
Bucharest, Cluj and Timis – Top Three Counties by Volume of Retail Loans yesterday, 10:09
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... more
-
Matei Filipidescu Appointed Chief Financial Officer Of GSP Holding 09.17.2020
Matei Filipidescu was appointed Chief Financial Officer (CFO) within GSP Holding, a group of companies with activities in oil and natural gas... more
-
Profi Opens New Store Concept In Ploiesti 09.17.2020
Grocery retail chain Profi, held by buyout investor Mid Europa Partners, has opened a new store concept in the city of Ploiesti, called... more
-
Sales Of Dacia, Renault Vehicles Hit Record High On Groupe Renault Romania’s E-commerce Platforms 09.17.2020
Groupe Renault Romania, the owner of carmaker Automobile Dacia, has reached a record sales volume on the two e-commerce platforms it launched two... more
-
Banca Transilvania To Grant RON700M Loans Via New Home Program 09.17.2020
Romanian Lender Banca Transilvania (TLV.RO) has started to grant loans under the New Home subsidized mortgage lending program, aiming for a total... more
-
Uniprest Instal Opens New Warehouse In Iasi, In EUR350,000 Investment 09.17.2020
Uniprest Instal, a national wholesaler of heating installations and equipment, is opening a new warehouse in Iasi (eastern Romania), with a total... more
-
Blue Air Launches Seven New Flight Routes During Winter Holidays 09.17.2020
Low-cost airline Blue Air will be introducing 49 new weekly flights towards seven destinations, namely, Barcelona, Birmingham, Bologna, Glasgow,... more
-
Romanian Retailer Contakt Expands Store Chain By 18 Units; Seeks To Open 8 More Units In 2020 09.17.2020
Romanian retailer Contakt, specialized in the distribution of accessories and technologies for mobile devices, has opened 18 stores in 2020,... more
-
Romania Ranks 14th In The EU By New Car Registrations In January-August 2020 09.17.2020
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... more
-
Dedeman Set to Open Seventh Store in Bucharest 09.17.2020
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... more
-
Coffee Maker Manufacturer Bialetti’s Romanian Plant Posts RON73M Revenue in 2019 09.17.2020
Italian-held coffee maker and espresso machine manufacturer Bialetti saw the revenue of its plant in Prahova that employs 250 grow 13% to 73... more
-
Romania Retail Universe Numbers 120,000 Stores 09.17.2020
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... more
-
Samsung: 2020 Not a Typical Year but TV Set Market Stable 09.17.2020
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... more
-
ROMAERO Gets Second Bank Financing Worth A Total RON59M, In Less Than Three Months 09.16.2020
Upon accessing Government Ordinance no.6/2019 on restructuring state budget debts, Romanian aircraft parts maker Romaero (RORX.RO) gets a second... more
-
TBI Bank Posts 16% Lower Consolidated Net Profit, Of EUR8.2M, In 1H/2020 09.16.2020
TBI Bank, part of 4Finance Group, with operations in Romania, Bulgaria, Germania, Sweden and Poland, ended the first half of 2020 with a... more
-
Three-Month Money Market Rate Drops For Third Consecutive Day, Down To 1.96% 09.16.2020
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei contracted... more
Fondul Proprietatea (FP.RO), which owns 20% in state-owned power producer Hidroelectrica, said Tuesday the government shouldn't approve
more
The global economy is projected to decline by 4.9% in 2020, the International Monetary Fund said in its June 2020 latest World
more
New commercial vehicle registrations in Romania declined by 42.5% in May 2020 compared with May 2019, and by 40.5% year-over-year in
more
Around 60,000 employees in the Romanian auto industry, accounting for roughly a quarter of the total, remain on furlough due to low
more
Romania ranks last but one in the European Union with just 11.1% of waste recycled in 2018 compared with a EU average of 47.2%,
more
Romania's natural gas transmission company Transgaz (TGN.RO) plans to borrow RON300 million for a two-year period to finance its
more
Grocery retail chain Profi, held by buyout investor Mid Europa Partners, continues its expansion at a regular pace, despite the
more
Blue Air, Romania's largest private airline, said Monday it was entering safeguard procedures to continue its activity and avoid
more
A study conducted by agricultural cooperative Cooperativa Tara Mea in July 2020 shows Romania’s vegetable imports grew in 2019,
moreAnalysis
Romanian Households Reach Net Wealth of RON2,157B in 2019
Romanian households’ net wealth reached RON2.157 trillion (over EUR450 billion) at the end of 2019, with real estate assets accounting for 80%, central bank data showed.
