Author: TheBizz Team

Xiaomi Corporation reported a significant increase in its adjusted net profit for the first quarter of 2024, reaching 856 million EUR (6.5 billion RMB), doubling from the same period last year. The group’s total revenue rose by 27% YoY, amounting to 9.9 billion EUR (75.5 billion RMB). This impressive performance was driven by robust growth […]

Danone Romania is celebrating a quarter-century of using 100% locally sourced Romanian milk to produce dairy products that supply not only the local market but also 14 other European countries. Over the past 25 years, Danone has consistently invested in its Bucharest factory, transforming it into the most advanced Danone facility in Europe with an […]

Bosch, a global leader in technology and services, reported a solid financial performance in Romania for the fiscal year 2023, despite market uncertainties. The company recorded consolidated sales of 25 billion lei (5.162 billion euros) in Romania, maintaining levels similar to the previous year. Total net sales, including those from non-consolidated companies and internal deliveries […]

Dino Parc Rasnov, a leading tourist attraction, has significantly impacted the economy of Rasnov city, doubling it within the past eight years. According to an economic impact study by BrandBerry, the theme park has boosted the local economy by attracting over 35 million tourists since its opening in 2015, adding more than 100 million euros […]

Bucharest, May 21, 2024 – Garanti BBVA România has announced a contribution of €48 million to the syndicated loan secured by Ford Otosan România. This funding will support the production of the Ford Puma model and new commercial vehicles Ford Transit Courier and Ford Turneo Courier, including their electric versions. Garanti BBVA România has prioritized […]

TBI Bank has reported a significant 40% increase in net profit for the first quarter of 2024, achieving a net profit of €113 million compared to €82 million in the same period last year. The unaudited consolidated financial results highlight the bank’s strong performance and strategic market expansions. During the first three months of 2024, […]

OMV Petrom, the largest integrated energy producer in Southeast Europe, has operationalized the largest crude oil storage tank in Romania at the Petrobrazi refinery. The tank, built to the latest industry standards, includes double walls and bottom, an aluminum dome roof, and an internal floating cover to minimize vapor emissions. This two-year project required an […]

The farm “Sol și Suflet” has marked three years of innovation in regenerative agriculture, becoming a self-sustaining model in Romania. The project, developed by the Permaculture Research Institute of Romania, received financial support of 125 million lei from Kaufland Romania. “Sol și Suflet” farm adheres to the principles of regenerative agriculture, a system that prioritizes […]