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Loredana Frățilă-Cristescu
- Fields
- Companies, Capital Market, Retail&Consumer
- Writing for ZF since
- 2011
- Articles
- 9.761
Builder Tancrad Posts 25% Growth In Revenue To EUR264M In 2022
Galati-based builder Tancrad saw its revenue increase by 25% to RON364 million in 2022, the latest data on the Finance Ministry website show. The revenue returned to growth after the decline...
Albatros Gold Opens Compost Plant In EUR2M Investment
Albatros Gold, a medium-sized egg producer in Romania, has opened a compost plant where it makes organic fertilizer, following a EUR2 million investment. The investment was made to improve c...
evoMAG’s CEO Mihai Patrascu Buys Into Elefant
Elefant Online, one of the largest online retailers in Romania and owner of elefant.ro, on Thursday evening announced on the Bucharest Stock Exchange, where it has a bond issue listed, that...
BlackPeak Capital Appoints Virgil Chitu To Run Its Operations In Romania
Private equity firm BlackPeak Capital has appointed Virgil Chitu, a banker with more than ten years of experience, head of its Romanian operations and announced an up to EUR40 million invest...
Ford Otosan Prepares For Electric Future At Craiova Site With 1,300 New Jobs
The increase in production capacity at Ford Otosan’s plant in Craiova from 250,000 to 272,000 units, along with the start of production of the new Transit Courier and Tourneo Courier with bo...
Penny Sees Sales Up 33% To RON7.2B In 2022
Discount retailer Penny Romania, held by Germany’s Rewe Group, ended last year with RON7.2 billion sales, an increase of 33% on 2021. The growth is because of the expansion of the store chai...
Exim Banca Romaneasca Officially Launches As Universal Bank
Banca de Export Import a Romaniei – EximBank SA, a bank held by Romania’s government via the Finance Ministry became Exim Banca Romaneasca on May 10, launching as a top universal bank with f...
Tema Energy Expects Slight Growth In Revenue To EUR13M In 2023
Romanian-held Tema Energy, a supplier of technology specializing in building data centers on its own, from design to delivery, installation, startup and maintenance and support services, exp...
OTP Bank Romania’s After-Tax Profit Shrinks To RON15M In Q1
OTP Bank Romania posted after-tax profit of RON15 million (HUF1 billion) in the first quarter of 2023, compared with RON24 million losses in the year-ago period, which was predominantly impa...
Premier Palace & Spa Hotel In Bucharest Up For Sale For EUR6.9M
Premier Palace & Spa Hotel in Bucharest, held by Premier Palace, insolvent since 2019, has been put up for sale for EUR6.9 million, court appointed trustee Euro Insol announced.
McKinsey & Company: Romania’s Switch To Green Power To Require EUR30B Investments
The investment potential of the green power market (solar panels, heat pumps, insulation) in Romania stands at more than EUR30 billion by 2040 and about EUR20 billion of that could come from...
Innova/7, Booster Capital, GapMinder And Morphosis Capital Get EUR80M Via NRRP For Romanian Companies
Venture capital funds Innova/7, Booster Capital, GapMinder II and Morphosis Capital II are to receive up to EUR80 million investments from the National Recovery and Resilience Plan (NRRP) to...