Companies
Jacobs Coffee Importer Doubles Net Profit in 2023
Jacobs Douwe Egberts Ro, the local subsidiary of the group of the same name, for 2023 reported turnover worth RON580.8 million (EUR117.4 million), up 10.4% from 2022, in line with ZF calcula...
Teletext Wants to Draw another EUR2.2M in EU Funds to Retool Diami Plant
Teletext, which owns dairy brand Diami, controlled by entrepreneur Mitru Crisan, has submitted a project to attract another EUR2.2 million in EU funds to retool the plant.
Greek Group Olympus Reaches EUR190M Investments in Brasov Plant
Fabrica de lapte Brasov, the company that manufactures and trades Olympys range and one of the biggest dairy producers in Romania, has opened a high-bay warehouse near the Brasov plant, in w...
Britain’s Harry Ramsden’s Wants to Enter Romania
British fish & chips restaurant chain Harry Ramsden’s, with a history of around one century, wants to enter Romania’s market. The development would be in a franchise system.
Competition Council OKs PACCOR Acquisition By SEET Investment Holdings, Danail Emilov Mladenov And Teodora Emilova Mladenova
Romania's Competition Council approved the transaction through which SEET Investment Holdings SarL, Danail Emilov Mladenov and Teodora Emilova Mladenova, through Goodpack SarL, intend to acq...
Law firm RTPR Assisted Polish Fintech PragmaGo in Entering Romania
Law firm RTPR has assisted PragmaGO, a company owned by investment fund Enterprise Investors, in acquiring a majority 89% stake in Telecredit IFN, which operats Omnicredit brand, from Recons...
Electrica Wants to Raise EUR500M Via Green Bonds, Contract Syndicated Loan of up to RON3.1B for Investments
Electricity supplier and distributor Electrica is convening its shareholder to approve among others, a ceiling of up to EUR500 million for a bond issue or several subsequent issues of green...
RebelDot Forecasts EUR16M Turnover in 2024, Up 40% YOY
Cluj-Napoca-based software developer RebelDot estimates the AI unit will in 2024 generate 15% of turnover, which is expected to revolve around EUR16 million at yearend, up 40% from 2023.
Sanex Cluj Owner Lasselsberger Seeks State For New Ceramic Tile Plant, A RON700M Investment
Austria’s Lasselsberger group, which owns ceramic tile maker Sanex in Cluj-Napoca, has submitted the largest investment of those seeking state aid via Construct Plus government scheme. The g...