Found 18957 news
Hotel company ARO Palace Brasov (stock symbol: ARO), controlled by alternative investment fund Transilvania Investments Alliance (stock symbol: TRANSI), has called shareholders for a meeting on December 9, 2024 to approve the company's business-plan and the financial projections related to operationalizing the objectives Mercure Brasov City Center and Hyatt Regency Aro Palace.
Europack Media, a Constanta-based manufacturer of wet wipes established by local entrepreneurs, will overshoot the RON100 million revenue mark this year, an increase of 30% on the previous year, its officials say.
Paval Holding, the special purpose vehicle of brothers Adrian and Dragos Paval, has made a new investment in shares on the Bucharest Stock Exchange (BVB.RO), ZF has found from bvb.ro data.
Distribution company Delgaz Grid, part of the E.ON group in Romania, on Nov 5 started modernization works at the Iasi Sud transformer station, a project worth a total of over RON73.3 million, of which over RON56.7 million represents European funding through the Modernization Fund.
Real estate developer One United Properties (stock symbol: ONE), the leading real estate investor and developer of sustainable residential, office and mixed-use projects in Romania, announces that Hikvision, a global manufacturer and supplier of video surveillance equipment for civilian and military purposes, has relocated its offices in the One Cotroceni Park project.
Romania's Competition Council has approved the transaction through which Azzurra Leaf Two S.r.l. plans to join the shareholding structure of Pasfin S.p.A., together with the Pasquini Family.
Telecom operator DIGI Communications (stock symbol: DIGI) has inaugurated its commercial operations in Portugal after two and a half years in which it has built and developed a modern fiber optic infrastructure and a national mobile network from scratch, using state-of-the-art technologies.
Romanian companies’ success largely depends on leaders’ ability to adapt to the ever-changing demands of the labor market (81%), but more than half of the companies (57%) are not prepared to address this topic, according to Deloitte 2024 Global Human Capital Trends survey for Romania.
JYSK, Phillip Morris, Deichmann, dm drogerie markt and Starbucks are the companies most appreciated by their employees, according to “Top Employers Undelucram.ro 2024”, a ranking conducted by the Undelucram.ro platform, the largest online community of employees in Romania and one of the most important in Central and Eastern Europe.
Law firm Clifford Chance Badea has assisted Alpha Bank Group and Alpha Bank Romania S.A. with regard to all the aspects of Romanian law for the sale of 90.1% in Alpha Bank Romania S.A. to UniCredit S.p.A.
Entrepreneurial company DN Agrar, which manages Romania’s largest integrated livestock farm, has announced the start of the operational activities at the compost factory of Apold m following the finalization of the first automated manure composting unit and organic fertilizer production facility.
Shipbuilder Santierul Naval Orsova has sealed two contracts with Dutch-held Rensen-Driessen Shipbuilding for the construction of two river vessels.
Ukrainian retailer Aurora Multimarket, which entered the Romanian market in the autumn of 2023, by opening its first store in Suceava, has now reached, after one year, a network of 25 units, and the company’s plans are not stopping here.
Comes of Savinesti, Neamt county, a supplier of heat-transfer and pressure equipment and spare parts for chemical, petrochemical, oil and gas industries, expects to end 2024 with EUR25 million turnover and for next year has budgeted EUR28 million, according to its officials.
Transilvania Constructii, a company that develops, owns and manages industrial properties under TRC Parks network, controlled by Timofte family of Cluj-Napoca, for 2023 reported turnover worth RON45.3 million (EUR9.1 million), up 9% from 2022, in line with ZF calculations based on Finance Ministry data.
Innova Capital, a major financial investor in CEE, has made three acquisitions and an exit on the local market in the past two years.
Focsani-based textile manufacturer Pandora Prod, owned by the Simiz family, posted RON292.2 million (more than EUR59 million) revenue in 2023, up almost 35% from the previous year’s RON216.6 million (about EUR44 million), according to ZF calculations based on Finance Ministry data.
Turism Felix (TUFE.RO), a company that runs five hotels in Baile Felix resort in Bihor County, announced the Financial Supervisory Authority had approved the tender offer launched by Transilvania Investments Alliance (TRANSI.RO), its majority shareholder, which owns 93% in it.
Law firm RTPR assisted Swedish investment company Oresa and entrepreneur Cristian Amza in the sale of La Fantana Group, which has subsidiaries in Romania and Serbia to strategic investor Axel Johnson.
Romania's Finance Ministry raised RON500 million from banks on Monday (Nov 4), selling government paper at an annual average yield of 6.04%.18957 items