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CFR Marfa Set to Lay Off 1,400 People in 2021
Romania's state-owned railway fright company CFR Marfa plans to cut staff numbers by 1,400 this year from over 5,300 at the end of 2019.
Antibiotice Iasi Expects 7.5% Growth in Revenue to RON366M in 2021
Antibiotice Iasi (ATB.RO), the largest Romanian-held pharmaceutical producer, has budgeted RON366.5 million revenue for 2021, an increase of 7.5% on 2020, as shown in its spending and revenu...
Kaufland Has EUR375M Investment Budgeted for Romania in 2021
Germany’s Kaufland group, the leader of the local retail by sales in 2019, according to the latest publicly available data, has a more than EUR375 million investment budget for this year, 25...
Practic Bucuresti Approves Its 2021 Budget: RON35.4M Turnover And RON23M Net Profit
Shareholders of real estate developer Practic Bucuresti (PRBU.RO), held by Radu Dimofte, have approved the company’s income and expense budget for 2021 and envisages a turnover of RON35.4 mi...
Morphosis Capital Has EUR10M to EUR20M for Investments in 2021
Private equity firm Morphosis Capital hopes to close two or three new deals in 2021, having allocated the same budget as last year, EUR10 million to EUR20 million.
Kaufland Invested EUR300M in Romania in 2020
German-held Kaufland group, the leader of the local grocery retail, opened 10 hypermarkets in 2020, its fastest expansion pace in the last few years, for a total of 138.
Penny Market: Investment Budget Unchanged For Now
Discount retail chain Penny Market has not changed its investment strategy amid the pandemic, but it might happen, and the decision will depend on the number of new coronavirus cases, on the...
OMV Petrom Sees 21% Drop in Profit in 2020, to RON2.8B
OMV Petrom (SNP.RO), the biggest company listed on the Bucharest stock market, expects 2020 sales to drop 9% on the year, to RON18 billion, and sees its profit down 21%, to RON2.8 billion, a...
Romgaz Eyes 2.1% Higher Revenue, Of RON5.4B, 1.8% Higher Gross Profit, Of RON1.66B, In 2020
Romania's state-owned natural gas producer Romgaz (SNG.RO) on Monday said it has budgeted for 2020 total revenue of RON5.4 billion, 2.1% higher than in 2019, and a gross profit of RON1.66 bi...