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Raffaello Shoes Factory Sees Revenue Down 15% to RON263M in 2020
Raffaello Shoes Factory, the largest footwear manufacturer in Romania, posted RON263.3 million (EUR54.6 million) revenue in 2020, a decline of 15% on the ROIN311.3 million (EUR65.7 million)...
Constructions, For Second Time in the Red in 2021, in July
After posting two-digit growth and supporting the Romanian economy in 2020, constructions slid in July 2021, by 2.4% year-on-year. The 6.7% infrastructure decline and the 19% decrease of non...
Lunic Franchising Consulting Halves Sphera Franchise Group Interest
Sphera Franchise Group (SFG.RO), the operator of the KFC, Pizza Hut and Taco Bell restaurants in Romania, which is also developing the KFC brand in Moldova and Italy, on Monday notified the...
Poultry Producer Safi Revenue Shrinks 8% in 2020
Poultry and poultry product company Safir posted RON155.9 million (EUR32.9 million) revenue in 2020, a decline of 8% year-on-year, ZF has calculated from Finance Ministry data.
Capital Plaza Hotel in Bucharest Revenue Shrinks 80% in 2020
Four-star Capital Plaza Hotel in Bucharest posted almost 80% decline in revenue to merely RON3 million in 2020, Finance Ministry data show.
Number of Pharmacies Down for Second Year in a Row in 2020
The number of pharmacies in Romania went down slightly by 54 in 2020, but last year was the second year of decline, National Statistics Institute data show. The decrease in 2019 was about th...
Sheraton Hotel Operator Revenue Down 80% in 2020
Grand Plaza Hotel, the operator of the Sheraton Hotel in Bucharest, posted 80% decline in revenue to merely RON12 million in 2020, compared with RON61 million in 2019, Finance Ministry data...
Romania’s Footwear Exports to Italy Down 25% to $340M in 2020
Almost $340 million worth of ‘Made in Romania’ shoes reached Italy in 2020, 25% less than in 2019, ZF has calculated from World Footwear data, a company that analyzes the industry of the wor...
Automotive Component Manufacturer VCST Alba Revenue Down 18% in 2020
Automotive component manufacturer VCST Automotive Production Alba, the local subsidiary of Belgium’s BMT group, posted RON122.4 million (EUR25.4 million) revenue in 2020, a decline of 18% fr...