Mihai Spulber (picture, right), currently SVP operations and supply chain at Mega Image, will assume the role of brand president at Profi effective July 1, 2025, replacing current CEO Gaetan Pacton.
The change at the top comes after Ahold Delhaize, the company behind Mega Image, completed the acquisition of Profi in Romania, welcoming the brand to its family of now seventeen brands in Europe, the US, and Indonesia.
The deal, valued at EUR 1.3 billion, doubles...
Romania’s automobile production fell 2.8% year-on-year (y/y) in the first six months of 2025 to 284,216 units, despite a sharp recovery in June, data published by the Romanian Automobile Manufacturers Association (ACAROM) showed. In the first half of 2024, Romania produced 292,378 vehicles. In June, the combined output at the country’s two major...
Polish group Maspex will get 71.1% (28,78 million shares) of Bucharest Exchange-listed Moldovan winery Purcari, for a price of RON 604 million (nearly EUR 120 million), according to Profit reporting at the closure of the takeover bid on July 30. The price paid in the bid values Purcari winery...
Romania’s Economic Sentiment Indicator, or ESI, a composite indicator designed to track GDP growth calculated as a weighted average of the balances of replies to selected questions addressed to firms in five key economic sectors, plunged in July to 94.7 – the lowest level since January 2021, according to Eurostat. Romania’s ESI dropped below the […]
A celebration of Armenian culture and traditions takes place in Bucharest, while Timişoara’s city celebration brings concerts from James Bay and Mika.
The Petricani Meadow (Pajiştea Petricani) has received the protected nature area status after the Bucharest General Council (CGMB) approved on July 30 the draft decision stipulating this, the non-profit Bucharest Nature Park Association
The third breast milk bank in Romania has opened at the Sibiu County Hospital, following a RON 13.5 million (about EUR 2.7 million) investment aimed at modernizing the hospital’s neonatology department. The modernization project, financed through the National Recovery and Resilience Plan, included the replacement of old equipment, a 20% increase in the number of […]
