Companies
Instant Factoring IFN Gets EUR1M Subordinated Loan from EIF To Boost Lending to Small Companies in Romania
Romanian fintech Instant Factoring IFN has signed a EUR1 million subordinated loan agreement with the European Investment Fund to expand lending to small enterprises in Romania.
CMS Advises Alcedo On Acquisition Of Naturevo
International law firm CMS has advised Alcedo SRL (Alcedo), a subsidiary of the Japanese conglomerate Sumitomo Group, on the acquisition of Naturevo, a Romanian distributor of agricultural m...
Consulting Company Premier Hospitality Set to Run Ramada Sibiu Hotel in Lease-Type System
Consulting company Premier Hospitality is taking over the management of Ramada hotel of Sibiu, in a lease-type system for a 20-year period.
Austria’s Meinhart Kebel Oestereich Files Bankruptcy Request for Romcab
Fiber optic cable producer Romcab Targu Mures has announced Austrian group Meinhart Kabel Oestereich GmbH filed a bankruptcy request against the company with Mures Specialized Tribunal.
Faurecia Romania 2023 Turnover Tops RON1.6B, Up 23.5% YOY
Faurecia Romania, the local subsidiary of French giant Faurecia, for 2023 reported turnover worth RON1.6 billion (EUR324.8 million), 23.5% higher than in 2022, in line with ZF calculations b...
Furniture Maker Polipol Sees Profit Rise 2.5 Times in 2023 YOY
Upholstered furniture manufacturer Polipol, owned by the German group of the same name, in 2023 generated net profit of RON10.2 million (over EUR2 million), 2.5 times higher than in 2022.
Beko Romania Reports RON3.4B Turnover in 2023, Down 10% from 2022, Switches to Profit
Beko Romania, the former Arctic, the largest electrical home appliances producer locally, for 2023 reported turnover worth RON3.4 billion (EUR685 million), around 10% lower than in 2022. How...
Pharmacy Network Myosotis Hits RON385M Turnover in 2023, Up 22% YOY
Myosotis brand, which has 146 pharmacies across several counties, reached RON385 million turnover in 2023, a figure comprising three companies the pharma retailer operates.
Wizz Air Moves Three Flights From Bucharest To Baneasa International Airport
Wizz Air will relocate the flights from Bucharest to Seville, Madrid and Malaga temporarily from the Otopeni Airport to the Aurel Vlaicu (Baneasa) International Airport between July 9 and Se...