Found 18957 news
Retele Electrice Muntenia, part of PPC Group in Romania, has launched a public tender of over RON445 million on SEAP platform for the design and execution of maintenance and modernization works on medium and low voltage electrical networks in Ilfov and Giurgiu counties.
Bucharest’s Calea Victoriei (Victory Avenue), the main shopping street in Romania, has climbed two positions, to 38, in the ranking of the world’s most expensive shopping destinations, as Bucharest rents have in the past year posted the seventh strongest increase among the 138 markets analyzed globally in the latest “Main Streets Across the World” report drawn up by real estate consultancy Cushman & Wakefield.
HORSE Romania, a unit of Horse Powertrain, has reached a total of 2,600 employees via its locations in Mioveni, Titu and Bucharest.
In mid-summer 2024, furniture producer opened a new 3.500-sqm logistic center. This is located near the company’s Tutova plant and investments amounted to EUR2 million.
Agrii Romania, a fertilizer producer and farming input wholesaler owned by Irish group Origin Enterprise, has invested EUR3.5 million from own funds in two repacking lines at its Timisoara plant.
In the past 16 years, the number of microenterprises, small and middle-sized companies has gone up by almost 40%, with the growth primarily supported by a rising number of microenterprises, in line with Trade Registry data.
Craiova-based Ford Otosan plant in October hit an all-time production level, with more than 27,600 cars assembled in a single month, in line with ACAROM data.
Simtel Team (SMTL.RO), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange and national leader in the renewable energy industry, has called shareholders for December 27, to vote on taking out one or several investment loans up to EUR20 million in aggregate value.
Cybersecurity company FORT, part of Bittnet Group (BNET.RO), ended the first nine months of 2024 with a turnover of RON9.3 million, down 15% year-over-year, as per its financial report published at the Bucharest Stock Exchange on Nov 22.
Over half of the total number of active enterprises (52%) in Romania operated in the sector of market services in 2023 and reported the highest number of employees, accounting for 39% of the total, as per data released by the country's statistics board INS on Friday, Nov 22.
UniCredit Bank announced successful completion of a new leu-denominated corporate (senior, unsecured ) bond issue due in five years, with a fixed coupon payable annually of 7.67%.
Electricity supplier and distributor Electrica (stock symbol: EL) and the company Esyasoft based in the United Arab Emirates are establishing a company within the Electrica Group, called Electrica Esyasoft Smart Solutions, for energy storage technologies and the digitalization of electrical networks, Electrica has announced in a stock market report on Nov 22.
tbi bank, which provides flexible payment solutions, has signed a partnership agreement with insurance broker DAW Management, whereby customers can buy insurance, including auto liability insurance RCA, through the Buy Now, Pay Later (BNPL) solution, in four interest-free installments or 6-12 installments with interest.
CEC Bank has successfully closed a new bond issue worth EUR300 million on international markets, through a issue of Senior Non- preferred MREL Eligible Notes.
Fagura, a fintech set up in the Republic of Moldova that has also expanded on Romania’s market, with ambitions to further grow internationally, has completed talks for a EUR1.1 million funding round.
Online retailer Evomag, one of the main players in the local IT&C market, recorded orders of EUR7 million during the Black Friday 2024 campaign, which ran from October 25 to November 11, an increase of 10% on 2023, its officials said.
Damen Galati shipyard, controlled by The Netherland’s Damen, has signed a EUR25 million financing agreement with Exim Banca Romaneasca and plans to use the money for investments in expansion and in equipping of ship assembly facilities, especially those dedicated to the luxury segment, but also those that are part of the military segment.
Entrepreneur and travel consultant Razvan Pascu has announced the sale of his stake in Dutch company Flight Claim for EUR1.3 million.
Romania's Competition Council has approved the transaction by which A-AG Holdco Ltd intends to take over Intersystems Holding Inc. and the companies related to the grain and protein business from AGCO Corporation.18957 items