Companies
Prodcereal 2023 Turnover Plunges 41.2% YoY To RON54.9M
Grain producer Prodcereal in Calarasi County, majority owned by Vasile Stoica (73%) and Lucia Stoica (27%), ended 2023 with a turnover of RON54.9 million (EUR11.1 million), down 41.2% from R...
Deloitte: 7 In 10 Multinationals Expect More Tax Reporting Regulations
More than two thirds of companies worldwide (70%) expect an increase in public reporting on tax, as a result of the numerous regulations adopted in recent years, making data transparency and...
Germany’s Geiger Sees Romania Turnover Rise 86% in 2023 To RON417.4M
German-held builder Geiger Transilvania reported turnover worth RON417.4 million (EUR84.4 million) for 2023, up 86% from 2022, in line with ZF calculations based on Finance Ministry data.
Entrepreneur Mihai Simiuc Buys Minority Stake in LifeBox To Produce FruFru Food in Bucharest
Entrepreneur Mihai Simiuc, who in early 2024 bought back FruFru and Urban Monkey brands from Unilever, has become a minority stakeholder in LifeBox, in line with ZF data.
Oyl Company Holding 2023 Turnover Up 33.2% YoY To RON305M
Oyl Company Holding, a company operating in the field of road construction and held by entrepreneur Corneliu Dragomir, ended 2023 with a turnover of RON305.2 million (EUR61.7 million), up 33...
Pasta Maker Pangram Sees Profit Doubling YoY To RON1.7M In 2023
Pangram, the producer of Monte Banato pasta brand, majority held by Italy’s Colussi (with an ownership stake of 92.3%) and Resita mayor, Ioan Popa (7.5%), saw its profit doubling to RON1.7 m...
Token Payment Services Partners Up With Zeus Service To Offer Merchants In Romania Access To New Digital Payment Solutions
TOKEN Payment Services (TOKEN), the fintech company that was recently authorized by Romania's national bank to accept online payment operations and transactions at physical POS (point of sal...
Ruris Set To Resume Tractor Production In Craiova; Invests EUR10M In Former MAT Craiova Factory
Craiova-based agricultural equipment manufacturer RURIS, led by entrepreneur Catalin Stroe, announces the start of an investment worth over EUR10 million in a new factory of tractors and agr...
Romania Set To Grant RON495M State Aid To Finland's Nokian Tyres Group For EUR600M Investment At Oradea Plant
Romania's Ministry of Finance has announced that Finland's Nokian Tyres Group is going to receive state aid in the amount of RON495.2 million (EUR100 million).