eMAG Records 220 Million Lei in Orders in 30 Minutes on Black Friday 2024
The 14th edition of eMAG’s Black Friday event saw unprecedented demand, with customers placing orders totaling 220 million lei within the first 30 minutes—a 22% increase over last year. Beginning at 7:15 am, the shopping frenzy led to the sale of 573,000 items at a rate of over 19,000 products per minute. Of these, 34% […]
Intesa Sanpaolo Reports Strong Q3 2024 with €7.2 Billion Net Profit in First Nine Months
Intesa Sanpaolo Group has announced robust financial results for the first nine months of 2024, marking a net profit of €7.2 billion. The bank recorded €2.4 billion in net profit in the third quarter alone, highlighting its sustained financial growth and commitment to shareholder returns. This performance strengthens Intesa Sanpaolo’s position among Europe’s leading banks […]
BCR Achieves Net Profit of RON 2.2 Billion in First Nine Months of 2024
BCR Group reported a net profit of RON 2.2 billion (€446 million) for the first nine months of 2024, marking a 30.6% increase from the same period last year. This growth was driven by a rise in operating income, underpinned by a 9.3% increase in net loans and customer advances to RON 64.2 billion (€12.9 […]
BASF Posts Q3 Sales of €15.7 Billion Amid Core Segment Gains
BASF reported steady sales of €15.7 billion in Q3 2024, matching the figures from the same period last year. The company’s EBITDA before depreciation, amortization, and exceptional charges rose to €1.6 billion, an increase of €77 million year-over-year. This growth stemmed primarily from improved results in BASF’s core segments, including Chemicals, Materials, Industrial Solutions, and […]
Accor Achieves 1.434 Billion EUR in Q3 Revenue, Up 12% Year-on-Year
Accor reported a robust third-quarter performance in 2024, with revenue reaching 1.434 billion euros, marking a 12% increase compared to the same period last year. This growth was driven by the Group’s Luxury & Lifestyle brands, the strategic expansion in high-potential regions, and the positive impact of the Olympic Games in France, where Accor held […]
OMV Petrom Reports Surge in Investments and Profits Amid Market Challenges
OMV Petrom has published its financial results for the first nine months of 2024, showcasing a solid performance despite a challenging market environment marked by price volatility and increased regulatory pressures. The company recorded an operating result, excluding special items, of 4.8 billion RON. This figure, though lower than last year, reflects OMV Petrom’s resilience […]
€6 Million Investment in Healthcare Digitalization Training Announced in Timișoara
A €6 million investment from European funds will be directed over the next 12 months towards training medical personnel in the use of new technologies, marking a crucial step in the digital transformation of Romania’s healthcare system. This is the first phase of a broader program valued at tens of millions of euros, designed to […]
Infosan Invests €2 Million in New Ophthalmology Clinic in Bucharest
Infosan, the only private pediatric ophthalmology hospital in Romania, has begun the construction of a new clinic in Bucharest, expanding its footprint in the medical services market. The company is investing approximately €2 million from its own funds into the project, which is expected to be completed in the first half of 2025. The new […]
Wolt Signs Agreement to Acquire Tazz, Expanding Operations in Romania
Wolt, the Finnish-origin local commerce platform, has signed an agreement to acquire Tazz, one of Romania’s leading delivery platforms and part of the eMAG group. The transaction is expected to close within the next few months, subject to regulatory approvals and other closing conditions. This acquisition marks a strategic move for Wolt, enhancing its position […]
SARMIS Capital Acquires Majority Stake in MG-Tec Industry to Boost Regional Leadership
SARMIS Capital, a leading investment fund focused on Romania and neighboring countries, has acquired a majority stake in MG-Tec Industry, one of Romania’s largest independent tissue paper producers. This acquisition, which has received all regulatory approvals, aims to provide the strategic and financial backing necessary for MG-Tec Industry to solidify its position as a regional […]