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KRUK reports 15% growth in the value of portfolios held in Romania at the end of 2023, to EUR 335 million
Wednesday, April 10, 2024
KRUK Group, the largest debt management company in Central and Eastern Europe with operations in seven countries, reported for 2023 portfolios with a total value of approximately EUR 335 million, up 15% from 2022. KRUK's customers paid debts amounting to almost EUR 150 million in 2023, 7% more than the previous year. KRUK SA is listed on the Warsaw Stock Exchange and currently has a market capitalization of almost two billion ...
KIKO Milano opens the first store in Romania, in ParkLake
Wednesday, April 10, 2024
KIKO Milano, part of Fais Group, opens the first store in Romania, in ParkLake Shopping Center. This inauguration marks the first episode of the company’s expansion on the Romanian market. As a testament to the brand’s popularity and the excitement surrounding its arrival, eager customers have been queuing outside the store since early morning, ready to be among the first to experience KIKO Milano’s wide range of make-up and ...
Analysis: M&A market in Romania has prospects for recovery, despite slow start in 2024
Wednesday, April 10, 2024
The M&A market in Romania had a slow start to the year, with 15 transactions worth 170 million EUR concluded in the first quarter, but there are prospects for recovery in the short term, with another 55 deals being announced in the mentioned period, according to data analysed by PwC Romania."The low number of transactions concluded at this time, despite the many announced (but not yet closed) transactions, signals that significantly more transactions will be ...
Siemens Mobility and Astra Vagoane Calatori expand partnership for production of trams in Romania
Wednesday, April 10, 2024
Siemens Mobility and Astra Vagoane Calatori have concluded a new agreement to consolidate and expand their collaboration, so that Siemens Mobility will supply 125 state-of-the-art bogies, while the company from Arad will produce Imperio trams, licensed by the German company.The trams will be specially designed for the Romanian market. The partnership contracts were signed in Budapest."Similar trams are currently manufactured by Siemens ...
Q1 Top stocks: Retail investors look to European stocks while continuing to back AI and weight loss drugs
Wednesday, April 10, 2024
European firms Novo-Nordisk, Repsol and Rheinmetall all featured in the top 10 risers list AI buzz continues to drive investors to market leaders Nvidia, Super Micro Computer and ARM Mattel saw biggest QoQ drop in users (-21%) with Barbie Movie shine beginning to fade Retail investors are increasingly looking for opportunities in European stocks while ...
Norofert, listed on the Bucharest Stock Exchange on the AeRO market
Wednesday, April 10, 2024
Norofert, the leader in regenerative agriculture research and one of the largest input producers in Romania, listed on the Bucharest Stock Exchange on the AeRO market, announces the conclusion of a product distribution agreement with one of the most important distributors in Watertown, South Dakota, USA. The distribution agreement covers the South Dakota, North Dakota, and Minnesota regions. Vlad Popescu, President of the Board, ...
ABC Medicover Holdings invests €11 million in Romanian firms
Wednesday, April 10, 2024
ABC Medicover Holdings from the Netherlands increases the share capital of Medicover Hospitals by 48 million lei, by over 8 million lei the capital of Medicover SRL and by over 1.8 million lei the capital of Imocover, according to decisions of the associate, quoted by Economica.net. The money will be invested in advanced technological equipment, the consolidation of work points in the country and the expansion of the activity, Medicover ...
17,400 companies deregistered in first two months of 2024
Wednesday, April 10, 2024
As many as 17,400 companies were deregistered nationally, in the first two months of 2024, by 54.16% more compared to the similar period in 2023, according to the statistics of the National Trade Registry Office (ONRC).Most deregistrations were registered in Bucharest - respectively 2,624 (up by 52.65% compared to January-February 2023) and in the counties of Dambovita (927, +219.66%), Cluj (909, +74.81 %), Timis (684, +30.78%) and Constanta (636, ...
Arctic S.A. changes its corporate name as Beko Romania S.A
Wednesday, April 10, 2024
Arctic S.A., the leader of the home appliances market in Romania, aligns its name with the new global corporate identity and becomes Beko Romania S.A., starting April 2024. This change is an integral part of the renaming process of Arçelik under the international corporate brand Beko. By harnessing the consumer brand Beko’s heritage and innovation, corporate brand Beko gathers employees, operations, and partners alike to strengthen its position as a global leader in ...
Study: Most business leaders in Romania believe that the NRRP will contribute to the local economy’s competitiveness
Wednesday, April 10, 2024
Romania, among the states with the most companies interested in participating in tenders for NRRP projects. Three quarters of Romanian business leaders (75%) believe that the reforms and investments made through the National Recovery and Resilience Plan (NRRP) will contribute to the local economy’s competitiveness in the next five years, while also supporting local ...
Pepsi reinvents itself: transformed logo and visual identity for a new era
Wednesday, April 3, 2024
* Iconic Brand Launches into Dynamic New Era with New Look andExciting Experiences in Sports and Music, Gaming and More PepsiCo, a leader in the food and beverage industry, unveils a new logo and reimagined visual identity to launch the new concept of the iconic Pepsi brand into its new era. This transformation includes innovative design, new stories, and new partnerships. To mark this important occasion, Pepsi is hosting events and ...
Arctic Stream, among first 500 companies with fastest growth in Europe
Wednesday, April 3, 2024
Arctic Stream, an IT security and infrastructure integrator and issuer listed on the Bucharest Stock Exchange (BVB) under the symbol AST, entered the 460th place in the "FT 1,000 companies with the fastest growth in Europe" ranking.According to a company statement, the placement of Arctic Stream among the first 500 companies in the ranking was due to an absolute growth rate of 354.5% in revenues, respectively reaching a compound annual growth rate (CAGR) of 65.6%, in only ...
Romanian companies in Top 1000 Fastest Growing in Europe
Wednesday, April 3, 2024
The top “FT 1,000 companies with the fastest growth in Europe” is made by the global business publication, Financial Times (FT), together with the online data processing and visualization platform, Statista, and has reached the eighth edition. AscentCore Technology (185th place), RebelDot (382nd place), Mindit.io (832nd place), all from the IT field and Arctic Stream (460th place), are the 4 Romanian companies that entered this top, all companies active in ...
20 years of Töpfer in Romania: raising generations, in harmony with nature
Wednesday, April 3, 2024
Throughout its two decades of presence on the local market, Töpfer has been dedicated to raising and nurturing generations, carefully choosing ingredients in complete harmony with people and the environment. In a challenging demographic context, with a birth rate decline of 19% in recent years, Töpfer, a brand from the Alliance Healthcare portfolio, has recorded an impressive 11% increase in the number of units sold over the past five years. This ...
ARA Europe & Gheorghe Iaciu sell Doraly Expo Market to WDP
Wednesday, April 3, 2024
Real estate consultancy company iO Partners announces the successful closing of the sale of Expo Market Doraly to WDP. The iO Partners team advised the sellers – ARA Europe and the Romanian investor Gheorghe Iaciu, who founded Expo Market Doraly in 1993. Expo Market Doraly is the longest-standing and most successful wholesale, cash & carry, and retail commercial park in Romania. Located in the northeast of Bucharest, it covers an area of ...
SYMMETRICA invests €48 million in the largest factory in the portfolio, but also in S-E Europe
Wednesday, April 3, 2024
• The new production unit will be located near Bucharest and will be inaugurated this autumn • €35 million will be secured through credits granted by BCR • The factory will have an area of 18,000 square meters and will have 4 highly technological production lines • Investments of over €110 million in the 30 years since its ...
Trencadis’s business grew by 38% in 2023: “The pipeline of projects for 2024 is consistent"
Wednesday, April 3, 2024
Trencadis, a technology company specializing in developing and implementing complex software solutions for the government and business sectors, closed the 2023 financial year with a business of 33.7 million euros (167.8 million lei), up 38.7% compared to the previous year. This growth follows the 21% advance in 2022. The results obtained in 2023 represent a new record for the Trencadis company's business volume, with a profit of 1.24 million euros ...
Deloitte study: more than half of workers around the world identify increasing work stress as their top concern
Wednesday, March 27, 2024
More than half of workers (54%) around the world identify increasing work stress as their top concern, according to the Deloitte 2024 Global Human Capital Trends report, while technology advancement is second on the list, according to a quarter of workers, who worry about the significant ...
Agroserv Mariuta posts sales of RON 80 million in 2023
Wednesday, March 27, 2024
Agroserv Mariuta, a Romanian agricultural company and owner of the Laptaria cu Caimac brand, posts sales of 80 million lei in 2023, a 10% increase over 2022, and an operating result of 4.3 million lei, a 27% increase compared to the previous year. In the context of challenges in the agricultural and food sectors, the company reported a net loss of 2.3 million lei, compared to a net loss of 1.9 million lei in ...
Packeta Romania’s business grew by almost 30% in 2023, to 21.7 million euros
Wednesday, March 27, 2024
Packeta Romania, global digital platform for online commerce, member of the Packeta Group, registered, in 2023, business of 21.7 million euros, an increase of almost 30% compared to the previous year. The evolution took place in the context of the increase in the number of parcels processed, Packeta Romania being a regional hub that also serves external markets in the region, such as Bulgaria, Greece and ...