Bucharest-listed One United Properties, the leading green investor and developer of residential, mixed-use, commercial, and office real estate in the Romanian capital, has convened its shareholders for October 9, 2023. The agenda of the ordinary general meeting of shareholders includes the approval of the distribution of interim dividends from the company’s profit corresponding to the first six months of the financial year
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Moldovan fintech platform Fagura got the green light from Romania’s Financial Supervisory Authority (ASF) to start operations in the country of 20 million people. Key elements of this approval process included demonstrating a robust product and technology as well as a solid business plan for the medium and long term, proven risk assessment capabilities, establishing a legal entity in Romania, and committing
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Bucharest-listed Purcari Wineries, the CEE’s leading wine producer, has appointed Alex Filip as Deputy CEO, effective as of January 1, 2024, the company announced in a stock market report on Monday (Sept 4). Mr Filip will attend the Romania and Frontier Investor Days in Bucharest, September 7-8, to introduce himself to the investors’ community. As Deputy CEO, Mr. Filip will report to
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About 47 shops closed for good every day in 2022 in the UK, according to analysis from the Centre for Retail Research (CRR), an independent research body which provides analysis of retail sector trends. It says 17,145 stores on high streets and other locations across the country shut in total, up almost 50% on 2021. The group’s survey found that 151,474 retail jobs
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Cosmetics giant Estee Lauder Companies Inc is nearing a deal to buy US luxury fashion brand Tom Ford for about $2.8 billion, including debt, the Financial Times reported on Friday (Nov. 11), citing people familiar with the matter. Tom Ford, founded by the former longtime creative director for Italy’s Gucci, entered into exclusive negotiations with Estée Lauder this week and a deal could be announced
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DeA Capital Real Estate SGR, part of the DeA Capital Platform – the top Italian independent provider of alternative asset management solutions by AUM with Combined Assets Under Management of roughly €26.7 billion in the Real Estate, Credit, Private Equity and Multi Asset/ Multi Manager Solutions sectors – has launched its first pan-European fund reserved for institutional investors: DeA Capital Real Estate
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In the first half of this year, Poznan-headquartered retailer Zabka opened 577 new stores bringing the chain’s total number of outlets to over 8,500. More than 7,200 are operated by franchisees, which the company says is contributing significantly to the development of micro- and small businesses in Poland. “We continue our development – not only are we opening more sites, but we
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The first neobank with Lithuanian capital SME Bank has partnered with the Baltic country’s next-generation payment infrastructure provider kevin to create a “one-stop-shop” for e-commerce business owners. The combined offering is a unified payment infrastructure enabling account-to-account (A2A) payments across the Baltics, as well as revenue-based financing based on e-retailers’ expenses and profit, simplifying life for SME owners. The payment collection options
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The alarming surge of inflation due to sharply rising energy prices and the severe instability caused by geopolitical unrest, has prompted immense concern for businesses worldwide amid fears it will increase the risk of B2B customers defaulting on payment of invoices. This is expected to pose a significant threat to profitability and, in the worst-case scenario, a danger of being pushed out
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Streaming platform Netflix Inc. fired 300 of its employees on Thursday (June 23) according to a report published by Variety. Last month the company laid off 150 employees and dozens of contractors and part-time workers. “While we continue to invest significantly in the business, we made these adjustments so that our costs are growing in line with our slower revenue growth. We are
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