Found 18957 news
New registrations of road vehicles for passenger transport increased by 4.7% in the third quarter of 2024 compared to the third quarter of 2023, data from the country’s statistics institute INS show on Monday (Nov 4, 2024).
UniCredit S.p.A. (“UniCredit”) and Alpha Services and Holdings S.A. (“Alpha”) announce that after securing all the necessary approvals from the relevant authorities and completing the due diligence process, UniCredit has bought from Alpha International Holdings S.M.S.A., a wholly owned subsidiary of Alpha, a stake of 90.1% in Alpha Bank Romania S.A. (“Alpha Bank Romania”) for a price made up of 9.9% of UniCredit Bank S.A.’s (“UniCredit Bank Romania”) share capital and about EUR255 million in cash.
eMAG Group, one of the largest retailers in the region, is starting the 2024 Black Friday sales campaign on November 8 and expects to exceed RON800 million in sales, eMAG representatives told a press conference organized by the company.
Masterbuild General Contractor & Developer has completed the works on Pitesti Shopping Park, developed by Square 7 Properties in partnership with Belgian investment fund Mitiska REIM.
Romania's Hidroelectrica and Norway's SINTEF will access EUR214,459 financing through a mechanism of grants provided by Iceland, Liechtenstein and Norway with a view to carrying out a project aimed at developing the knowledge and skills of their own specialists in implementing modern solutions for optimizing the operation of hydropower plants.
Signal Iduna Asigurare Reasigurare, the leader of the local health insurance market, announces the signing of an agreement for the acquisition of a majority stake in the company Garanta Asigurari whose main shareholder is The Ethniki, Hellenic General Insurance Company.
Garanti BBVA and the European Investment Fund (EIF) have signed an agreement to provide guarantees of minimum EUR30 million to enhance competitiveness and sustainability of Romanian companies.
PwC Romania has announced Ruxandra Tarlescu took over the leadership of PwC Romania’s Tax and Legal Department from Daniel Anghel, starting November 1, 2024.
Ford RMB Inter Auto dealer of Cluj last month delivered a fleet of 13 Ford Explorer electric vehicles to Eco Garden Construct. With a listing price of EUR39,500 via Rabla Plus scheme, the fleet has a market value of around half a million euros.
Meta Estate Trust, a holding company operating in the real estate field, has acquired a land plot near Bucharest’s Victory Square where it wants to develop a clinic-type office building for leasing by a private healthcare player.
Romania's foreign exchange reserves shrank by EUR2.93 billion to EUR62.8 billion in October 2024, from EUR65.77 billion at the end of September, Romania’s central bank announced on Friday (November 1, 2024).
Fast-food restaurant chain Hesburger has opened a new restaurant in the Baneasa Shopping Mall in Bucharest, following an investment of EUR0.5 million.
New car registrations in Romania increased by 1.4% to 11,552 units in October 2024 compared with October 2023, Romanian carmakers’ association ACAROM data show.
Appraisal & Valuation (APP.RO), a company that provides real estate appraisal, consulting and development services, posted RON5.1 million revenue in January-September 2024, up 27% from the year-ago period.
Axel Johson Inc (AJI), a US company held by Swedish Johnson family, on Friday announced the acquisition of La Fantana S.R.L., one of the main suppliers on the market of water solutions in Central and Eastern Europe, from investment company Oresa Ventures and founder Cristian Amza.
The Hyatt Group, which has recently signed the franchise agreement for the ARO Palace Hotel to be reopened under the Hyatt Regency Aro Palace Brasov brand, is looking at Bucharest for expansion. Bucharest is actually the first destination Hyatt would have liked to go to.
Yildiz Entegre Romania, part of the Turkish group with the same name that operates the MDF factory in Oarja, Arges County, posted RON504.4 million (EUR102 million) revenue in 2023, down 30.2% from the previous year’s RON723.1 million (EUR146.6 million), according to ZF calculations based on Finance Ministry data.
Agro Oil Service (AOS), a grain trader, grain seed, pesticide and chemical fertilizer wholesaler and provider of grain transportation by road, posted RON227.8 million (EUR46 million) revenue in 2023, down about 19% from the previous year’s RON281.2 million (EUR57 million), according to ZF calculations based on Finance Ministry data.
Sameday, one of the largest actors on Romania’s parcel delivery market expects 40% growth in revenue this year, CEO Lucian Baltaru told a news conference.
The foreign direct investments in the Romanian trade exceeded the EUR20 billion mark for the first time last year, as companies in the sector continued to put money into development, Romania’s central bank data show.18957 items