Companies
Major Changes in OMV Petrom 2030 Strategy
OMV Petrom, Romania’s biggest company, has announced significant changes in its 2030 Strategy, a document published in 2021, with green transition project investments due to be stepped up.
Furniture Maker ADA Switches Back to Profit in 2023
ADA Fabrica de Mobila, a major local furniture producer, for 2023 reported turnover worth RON203.5 million (EUR41.2 million), up 3% from 2022, in line with ZF calculations based on Finance M...
Vel Pitar Budgets EUR20M Development Investments for 2024
Vel Pitar, Romania’s largest bakery producer, taken over last year by Mexican group Bimbo, has budgeted EUR20 million investments for this year in development and plans to add new product ca...
Sameday Set To Invest RON150M To Boost Delivery Capacity In Romania, Hungary And Bulgaria
Sameday, one of the largest parcel delivery companies in Romania, has budgeted investments of RON150 million to increase its delivery capacity in Romania, Hungary and Bulgaria by expanding...
Fuel Supplier Smart Diesel Arad See Net Profit Nearly Triple YoY To RON137.7M In 2023
Arad-based fuel supplier Smart Diesel ended 2023 with net profit of RON137.7 million (EUR27.8 million), almost three times higher than the net gain of RON47.8 million (EUR9.7 million) report...
First ibis Styles Hotel On Romanian Black Sea Coast Opens In Venus Resort
ibis Styles, the brand owned by French group by Accor, announced the opening of ibis Styles Venus, the first internationally branded hotel to debut on Romania’s Black Sea Coast.
Over 800.000 SMEs In CEE Can Gain Access To Market Proven Sustainability Know-how And Tools After Significant Regional Investment
SMEs in Bulgaria, Croatia and Serbia now have access to a market tested and proven self-paced e-learning platform that aims to cover all the local business sustainability needs.
European Investment Fund Launches Gender Smart Equity Investment Program
The European Investment Fund (EIF) is launching the Gender Smart Equity Investment Program, collaborating with national promotional institutions and regional partners to promote gender diver...
Competition Council Sets Off Inquiry Into Archive Services Market For Pensioners
Romania's Competition Council has launched an investigation into a possible price-fixing agreement between companies that provide archive services to citizens requesting the release of docum...