01.31.2025

The weight of companies anticipating a headcount reduction in 2025 rose to 11% in January 2025 from 2% in January 2024, reveals a PwC Romania survey. more

04.12.2023

FOX Com Serv Distribution, the largest company of the Fox Group, ended 2022 with RON447 million (more than EUR90 million) revenue, an increase of 24% year-on-year, ZF has calculated from Finance more

12.21.2022

Romanians spend RON4.3 billion on cold cuts a year, an indicator that has increased in the last few years and first half data of research company Market Vector show a slight rise of 2.2%. more

07.26.2022

Elit, one of Romania’s biggest cold cuts producers, for 2021 reported net profit worth almost RON60 million (EUR12.2 million), up 9% on the year. more

03.07.2022

Cold cuts producer Meda Prod 98, one of the largest on the local market, ended 2021 with RON236 million turnover, from RON217 million in 2020, according to the company’s officials. more

01.25.2022

Radu Timis, one of the most powerful entrepreneurs in Romania’s food industry, who, together with his wife, founded cold cuts producer Cris-Tim around 3 decades ago, is in talks with China-held more

01.04.2022

Elit, a major producer of cold cuts in Romania, with RON620 million turnover and RON55 million profit in 2020, managed to maintain its profitability level in 2021 as well by boosting sales amid tough more

12.29.2021

Luchi Georgescu, the entrepreneur owning cold cuts plant Meda Prod 98, a major player on the market, says she’s seeking solutions to cut electricity costs and wants to generate power from more

12.16.2021

Cold cuts producer Meda Prod 98, a major player on the market, will generate turnover of around RON300 million in 2021, compared with RON217 million in the previous year. more

10.06.2021

Cold cuts producer Meda Prod ’98, controlled by entrepreneur Luchi Georgescu, a business worth RON217 million last year, ended the first seven months of 2021 with 7% higher turnover, according to more

09.10.2021

Maribo Prodcarn, producer of cold cuts Marisan, owned by Anghel family, doubled its profit in 2020, to over RON1.7 million (EUR365,000) from a net gain of over RON798,000 (EUR168,000) in 2019, in line more

04.27.2021

Cris-Tim group, one of the largest cold cuts producers in Romania, is looking for space in good locations to expand its own retail chain in 2021, its officials say. more

02.19.2021

Romanian state-owned airline Tarom estimates it will reduce its staff spending by an average of EUR8 million a year n the next six months, as it plans to slash 700 jobs out of 1,500 by the end of more

02.08.2021

Three entrepreneurial companies in the meat processing busines in Romania are testing investor interest in a potential deal, ZF sources say. The three are Meda Prod 98, Kosarom and Agra’s. more

11.02.2020

Elit Cugir, one of the largest manufacturers of cold cuts in Romania, saw its industry significantly affected by the COVID-19 pandemic in both production and distribution departments, says manager more

05.29.2020

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05.29.2020

Fox group, one of the largest actors on the cold cuts market in Romania, budgeted RON450 million revenue this year, 11% more than in 2019, the data it sent for ZF’s “Cei mai mari jucatori din more

04.02.2020

Car safety systems manufacturer Autoliv Romania, the local subsidiary of the Swedish group Autoliv, said Thursday it has temporarily suspended all non-essential expenses and part of the benefits it more

04.02.2020

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03.26.2020

Fox Com Serv Distribution, the largest company in the Fox group held by the Vulpe (Romanian for “fox” i.e.) family ended 2019 with 334 milion lei (some EUR71 million) revenue, 12% higher than in more

03.24.2020

Winemaker Purcari (WINE.RO) said Tuesday it has contributed RON0.5 million towards a fund dedicated to combating COVID-19 in Moldova and Romania and its management team has accepted salary cuts to more

03.25.2019

Fox Com Serv Distribution, the largest company in the Fox group held by the Vulpe (`fox’ in Romanian) family, ended 2018 with 297.4 million lei (EUR63.8 million) revenue, up 4% on the previous year, more

03.22.2019

Lactag, one of the largest Romanian businesses in the sector of dairy and cold cuts manufacturing, reported a turnover of RON58 million in 2018, up 36% year-on-year, backed by the milk processing more

01.16.2019

Cold cuts and dairy group Cris-Tim expects to see revenue up 14% in 2019 compared with last year to about EUR175 million, ZF has calculated from the information Cris-Tim chairman Radu Timis provided. more

08.20.2018

Romanian oil storage and shipment firm Oil Terminal Constanta (OIL.RO) has suspended its employees' individual work contracts for 10 days and will pay them 75% of their base wage during this time in a more