Reporter
Cristina Bellu
- Fields
- Companies, Banks-Insurance, Real Estate
- Writing for ZF since
- 2021
- Articles
- 1.012
CreditAmanet Reports RON42M Turnover, Up 26%, RON4.4M Profit, 24% Higher in 1H/2023 vs 1H/2022
CreditAmanet holding, a Romanian-held provider of pawnbroking and money exchange services, registered turnover worth RON42.3 million in the first half of 2023, up 26.2% from the RON33.5 mill...
ACAROM: Romania’s Car Production Down 4.5% in July-Aug 2023 vs Year-Earlier Period
The passenger car output of the two automotive plants of Romania, Dacia and Ford, in the July-August 2023 period dropped by 4.5% year-on-year, to 58,929 units, in line with data provided by...
Mozaik Investments Raises EUR25M via PNRR to Fund SMEs of Romania and CEE
Mozaik Investments, an investment fund launched in 2019, is set to get investments via PNRR worth as much as EUR25 million, to fund around 7-9 small and medium-sized companies, mainly from r...
Germany’s Huennebeck Partners Up with ELI Parks to Develop over 12,000-Sqm Production and Logistics Center in Ploiesti
Huennebeck Romania, a company active in the field of casing and scaffolding systems, part of a Germany group, has signed an agreement with ELI Parks, a major developer on Romania’s real esta...
One United Properties Convenes Shareholders to Vote on Distribution of RON38M Interim Dividends
Real estate developer One United Properties has convened its shareholders for October 9 to approve the distribution of interim dividends from the company’s profit corresponding to the first...
Holde Agri Invest Boosts Storage Capacity to 25,000 Tons of Grain
Holde Agri Invest, a Romanian-held company that operates farmland, has completed construction of a new silo within Frumusani farm of Buciumeni, Calarasi county, with a storage capacity of 10...
Sphera Franchise Group Switches to RON19.4M Net Profit in 1H/2023 from RON8.7M Losses in 1H/2022
Sphera Franchise Group, which holds the franchise for the KFC, Pizza Hut and Taco Bell in Romania, for the first half of 2023 reported net profit of RON19.4 million, compared with RON8.7 mil...
Belgium’s Etex Set to Invest EUR28M in Plasterboard Plant near Bucharest
Belgian-held drywall products maker Etex Building Performance (the former Siniat Romania) will invest EUR28 million in a plasterboard plant near Bucharest, which is set to start operating in...
Simtel Team Completes First Phase of Plesoiu Photovoltaic Park
Simtel Team, a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange and the leading company in the renewable energy field, has completed the...
INS: Romanian Execs Forecast Rising Prices in Constructions and Retail, Moderate Growth in the Two Fields in Aug-Oct 2023
Romanian executives for August-October 2023 period project a moderate activity increase in constructions and retail, in parallel with rising prices in the two fields, while the number of emp...
Electrica Switches to RON106M Net Profit in 1H/2023, from RON176M Losses in 1H/2022
Electrica, a major player on Romania’s electricity distribution and supply market, in January-June 2023 period reported net profit of RON106 million, a significant improvement against the RO...
CFA Romania Analysts Project 7.52% Average Inflation Rate in Next 12 Months, See Leu at 5.0798 Units/Euro, Expect 2.8% Economic Growth in 2023
Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0798 units/euro in the coming 12 months, while the average inf...