Reporter
Cristina Bellu
- Fields
- Companies, Banks-Insurance, Real Estate
- Writing for ZF since
- 2021
- Articles
- 1.012
Digi Seals Deal to Sell Hungarian Operations to 4iG
Telecom operator Digi, controlled by businessman Zoltan Teszari of Oradea, announced it sealed the sale-purchase contract for its Hungarian operations with 4iG.
Impact Developer & Contractor Borrows EUR4.2M from Garanti Bank for Working Capital
Impact Developer & Contractor, the real estate developer controlled by entrepreneur Gheorghe Iaciu, took out a EUR4.2 million loan from Garanti Bank, due in June 2024, to secure working capi...
Forty Management Sees Profit Surge 56% in Jan-Sept 2021 from Year-Earlier Period
Real estate developer Forty Management, run by Lucian Azoitei, for the first nine months of 2021 reported consolidated turnover worth RON109.4 million, up 76.3% from the same period of 2020,...
One United Properties Buys Majority Stake in Bucur Obor for RON65M
Real estate developer One United Properties, one of the most dynamic real estate developers of housing, office and mixed projects in Bucharest, announced it sealed an agreement to buy the ma...
AROBS Transilvania Acquires Berg Software
AROBS Transilvania, a Romanian-held IT company controlled by entrepreneur Voicu Oprean, which last month announced its intention to list on the AeRO market of the Bucharest Stock Exchange (B...
Sphera Group Switches to RON28M Net Profit in Jan-Sept 2021 Vs. RON4.7M Net Loss In Year-Earlier Period
Sphera Franchise Group, owner of KFC, Pizza Hut and Taco Bell franchises in Romania, in the first nine months of this year reported profit worth RON28 million, against a RON4.7 million net l...
Purcari Net Profit Up 55% to RON39.8M in Jan-Sept 2021 vs Year-Earlier Period
Wine producer Purcari ended the first nine months of this year with net profit worth RON39.8, up 55% from the year-earlier period, while revenues increased by 20% to RON166.5 million.
Morphosis Capital Enters Medical Aesthetics Market with Investment in Cronos Med Clinics Network
Morphosis Capital, a private equity fund with EUR50 million subscribed in Romanian SMEs, announced it clinched the investment in Cronos Med, in the wake of which it will forge a partnership...
Germany’s emz Set to Build EUR5M Production Unit in Resita Industrial Park
emz, a producer of electrical home appliances and environmental technology headquartered in Nabburg, Bavaria, is poised to set up an around 3,000-sqm production unit in Resita industrial par...
Retail Turnover Up 11.9% in First 9 Months of 2021 from Year-Earlier Period
Romania retail turnover, the main barometer for private consumption, in the first nine months of this year rose by 11.9% as gross series from the same period of last year, amid rising sales...
Teilor Holding Plans to Issue RON45M Bonds on the Bucharest Stock Exchange
Teilor Holding, the group of companies including luxury jewelry chain Teilor, Teilor Invest Exchange and Invest Intermed GF IFN, plans to carry out by yearend a private corporate bond placem...
Mitiska Reim, Square 7 Properties Open New 17,500-Sqm Shopping Center in Baia Mare
Belgian investor Mitiska Reim, specialized in European shopping centers, has announced the opening of a new project in Baia Mare (northwestern Romania) and the expansion of the Medias retail...