Found 18957 news
Real estate developer Impact Developer & Contractor (stock symbol: IMP) has announced in a stock market report on Feb. 24 that it obtained a loan of RON15 million from Gheorghe Iaciu, who owns 58% of the company's share capital.
Tech company 2Performant Network (stock symbol: 2P), the main player on Romania’s affiliate marketing market, reported loss of RON1.36 million in 2024, compared with profit of RON870,000 in 2023, as per the company's annual preliminary report sent to the Bucharest Stock Exchange.
Romania posted the second-highest annual inflation rate, of 5.3%, among European Union (EU) Member States, in January 2025, being followed by Croatia with 5%, data from Eurostat, the bloc's statistical office, showed on Monday (Feb.24).
Global leading index provider FTSE Russell made public on Feb. 21 the announcement regarding the indicative results of the biannual review that will enter into force starting from March 2025.
Salt Bank, the first 100% digital Romanian bank, held by the Banca Transilvania Group, has more than 400,000 customers after ten months from its launch, and the target is to overshoot the 700,000 customer mark in 2025.
Romania's Finance Ministry raised RON2.57 billion from banks on Monday (Feb. 24), selling government paper in two auctions, at annual average yields of 6.92% and 7.40%, respectively.
Asahi Group Holdings (AGH) has promoted Dragos Constantinescu to the position of CEO of its European and international operations (excluding Japan, Australia and Asia), effective April 1, 2025, following the decision of CEO Paolo Lanzarotti to retire from executive activity.
Law firm Guia Naghi si Partenerii (GNP) announces the promotion of Tudor Nacev as Partner tasked with coordinating the firm's Regulatory Pharma and Public Procurement Practice.
Romania's Competition Council is looking into the transaction through which Japan's Niterra Co., Ltd., plans to acquire Japan's Toshiba Materials Co., Ltd., from Toshiba Corporation.
International rating agency Fitch Ratings has affirmed Romania's long-term foreign-currency issuer default rating (IDR) at 'BBB-' and outlook at 'negative'.
Private pension fund total assets overshot RON160 billion in February, the equivalent of over 9% in GDP, after the number of participants reached 9.12 million at end-2024, in line with data provided by Romania’s Financial Supervisory Authority (ASF).
evoMAG sales to companies climbed to EUR7.5 million in 2024, the equivalent of 15% of the company’s total sales.
Safetech Innovations, a Romanian cybersecurity company listed at the Bucharest Stock Exchange, with offices in Bucharest, London and Abu Dhabi, registered RON59.8 million revenues at individual level in 2024, up 28% from 2023, turnover of RON42.3 million, up 36%, and RON13.5 million net profit, 39% higher than in 2023.
Morphosis Capital Partners, a private equity firm founded by Simona Gemeneanu, Gabriela Dumitru, Dragos Petre and Andrei Gemeneanu, has carried out its first investment outside Romania by taking over a minority stake in EnduroSat, a European satellite developer and supplier of space services set up by Raycho Raychev.
Real estate holding Meta Estate Trust intends to invest EUR10 million this year in the retail real estate sector.
Romania hotel market has doubled its size in the past 25 years, from 811 hotels in 2000, to 1,600 hotels in 2024, in line with the country’s statistics board INS.
Agroland Business System (AG.RO), a Romanian entrepreneurial retail, agriculture and food group, posted RON7.7 million net profit in 2024, 63% more than in 2023.
ROCA Industry, the Romanian holding company specialized in the construction material segment and listed on the main market of the Bucharest Stock Exchange, has already invested more than EUR6.5 million in its operations in the Republic of Moldova.
State-run natural gas producer and supplier Romgaz (SNG.RO), made a term deposit without auto-renewal option, with the interest rate negotiated, with the Exim Banca Romaneasca on February 20, it said in a report to the Bucharest Stock Exchange on Friday.
The number of ailing companies in various stages, such as deregistration, insolvency, dissolution or suspension of activity will increase significantly this year, from 155,000 to 170-180,000, amid the slowdown in economic activity and the effect of new restrictions on micro-enterprises.18957 items