Medlife Group 2019 Turnover Up 21% To RON967M, Net Profit Up 24% To RON20M
today, 10:21
Medlife Group on Friday said its turnover grew 21.2% on the year to RON967.3 million in 2019 and its net profit grew 24% to RON20.8 million, from RON16.7 million reported in 2018, as per the company’s preliminary financial report.
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L‘Oréal Opens First Armani Beauty Monobrand Store In Romania today, 10:57
French L‘Oréal Group has opened its first Armani Beauty monobrand store in Romania, located within Baneasa Shopping City mall, in northern... more
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Farmaceutica Remedia Owner Raises Stake to 80.5% in RON7.16M Transaction yesterday, 19:20
The majority shareholder of Farmaceutica Remedia (RMAH.RO) Valentin-Norbert Tarus, who is also the company's board chairman and general manager,... more
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Financial Regulator Revokes Certasig's License, Starts Bankruptcy Procedures yesterday, 17:53
Romania financial regulator decided on February 19 to revoke the license of insurer Certasig for failing to cover minimum capital requirements, the... more
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Delgaz Grid Plans to Invest Over RON200M in Gas Network Upgrades in 2020 yesterday, 16:26
Delgaz Grid, E.ON's natural gas and electricity distribution company in Romania, plans to invest over RON200 million this year in upgrades to the... more
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Romania Raises RON738.5M Selling Sept 2023 Bonds at 3.37% Average Yield yesterday, 16:12
Romania's finance ministry on Thursday raised 738.5 million lei (EUR154.38 million), above its RON600 million target, selling bonds maturing in... more
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Romanian Leu Hits All-Time Low At 4.7834 Versus Euro yesterday, 13:55
The Romanian leu on Thursday dropped to an all-time low against the euro, as the central bank average reference rate stood at 4.7834 lei to the... more
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Romania Home Appliance Market Attracts Nearly EUR200M Investments In Last 2 Years yesterday, 12:55
Romania’s home appliance market has attracted four major investments in the last two years – of which two greenfield investments, an... more
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Laptaria cu Caimac Dairy Brand Targets EUR13.5M Turnover In 2020 yesterday, 11:29
Laptaria cu Caimac, a dairy brand launched in 2018 by the family which owns Agroserv Mariuta, one of the largest dairy farms on the local market,... more
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Transgaz Operating Revenue Down 2% To RON1.57B, Net Profit Down 29% YoY To RON349M In 2019 yesterday, 10:43
Romania's natural gas transmission company Transgaz (TGN.RO) on Thursday said its operating revenue before the balancing and construction activity... more
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Highlander Partners Buys Majority Stake in Romanian SanoVita 02.19.2020
US-based investment fund Highlander Partners said Wednesdafy it has acquired a majority stake in Romanian SanoVita, one of the most reputable and... more
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GFG Alliance Pledges to Invest EUR1B in Liberty Galati Steel Mill 02.19.2020
GFG Alliance plans to invest EUR1 billion in its Liberty Galati steel mill over the next ten years to significantly reduce carbon emissions and to... more
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Dacia To Unveil World Premiere Of Most Affordable Electric Car At 2020 Geneva Motor Show 02.19.2020
Romanian carmaker Dacia, owned by France's Renault, will be unveiling the world premiere launch of the most affordable 100% electric city car on... more
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Vascar Opens New Store in Iasi in EUR45,000 Investment 02.19.2020
Vascar, one of the leading cold cuts and canned food producers, has opened a new store in Iasi, following an investment of EUR45,000. more
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Telekom Romania Consolidated Revenue Up 5% in 2019, to EUR980M 02.19.2020
Telekom Romania posted consolidated revenues of EUR980 million in 2019, up 5% on the year, and its EBITDA also grew 5%, to EUR144 million, the... more
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Urban Mobility Platform Citylink Launches Car Sharing Service In Bucharest 02.19.2020
CityLink, a start-up which has developed a sharing platform for bicycles and vehicles, which also involves entrepreneurs Calin Fusu (Neogen) and... more
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ACAROM: Dacia Car Registrations In Romania Drop Over 32% YoY In January 2020 02.19.2020
Registrations of new Dacia cars in Romania fell over 32% year-on-year in January 2020, while registrations of new Volkswagen and Hyundai cars grew... more
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Coface: Insolvencies In Romania At Decade-Low After 22% Annual Decline In 2019 02.19.2020
The number of companies that went insolvent in Romania reached the lowest level of the past ten years, seeing a 22% decline year-on-year in 2019,... more
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PAID Romania Moves Central HQ To America House 02.19.2020
PAID (the Pool of Insurance against Natural Disasters) Romania has moved its official headquarters to America House, where it had leased a... more
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Courtyard Hotel in Bucharest Targets 65% Occupancy in 2020 02.18.2020
The Courtyard Bucharest Floreasca hotel, developed by Lithuanian Apex Alliance Group and opened in October 2019, targets an occupancy rate of 65%... more
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IHG Affiliates Times Hotel in Bucharest under Holiday Inn Brand 02.18.2020
IHG (InterContinental Hotels Group) will bring back its Holiday Inn brand to Romania by incorporating the former Golden Tulip Times hotel in... more
Buyout investor Mid Europa Partners, of the most active financial investors in Romania over the last few years, has decided to put on
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Timisoara Centrum, a mall project valued at EUR90 million and announced by Alpha Group Investments and Ali Ergun Ergen in the spring of
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Mandatory private pension funds in Romania (Pillar II) had an average yield of 11.8% in 2019, the highest in the past nine years, the
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The most important international brands worldwide are already present in Romania where they get tens, hundreds of millions or even
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German retailer Kaufland, leader on the Romanian food trade sector with annual sales of over RON10 billion (EUR2.2 billion), will be
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Banca Transilvania, Romania's largest lender by assets, plans to acquire 100% of the share capital of Microinvest, which specializes in
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Romania's annual inflation rate climbed to 4% in December 2019 from 3.8% in November, data from the country's statistics board showed
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International rating agency Moody's expects Romania to record one of the highest inflation rates in Central and Eastern Europe (CEE),
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Romanian Banks Do Better Than EU Banks By Solvency, Profitability But Not Asset Quality
Romania’s banking system has better prudentiality, solvency, profitability and balance sheet structure indicators than the European average.
