Found 18957 news
A delegation of the International Monetary Fund led by Jan Kees Martjin, head of the IMF mission in Romania, will visit the country during November 5-8 period, within the periodical meetings the institution has with Romanian authorities.
Private healthcare company MedLife is continuing acquisitions and announces the takeover of the majority stake of 60% in Tulcea-based Routine Med.
Lunet Eyewear, the only local producer of glasses, launched in 2019, is considering the opportunity of listing on the AeRO platform of the Bucharest Stock Exchange.
Real estate developer One United Properties sold long-term rental properties, part of its commercial project portfolio, worth EUR52.4 million in the past 18 months.
Car parts manufacturer Optibelt Power Transmission, the local subsidiary of Germany’s Arntz Optibelt, in 2023 posted turnover worth RON325.7 million (EUR65.8 million), down 11.2% from 2022, in line with ZF calculations based on Finance Ministry data.
Electrical and electrotechnical component manufacturer Weidmüller Interface Romania, the local subsidiary of Germany’s Weidmüller Group, reported turnover worth around RON297 million (EUR60 million) for 2023, down 17.4% from 2022, in line with ZF calculations based on Finance Ministry data.
Altex, Romania’s largest electro-IT retailer, has opened eight stores this year and continues local expansion. The company now has 135 stores in Romania’s main cities.
Alternative investment fund Infinity Capital Investments (stock symbol: INFINITY) has announced in a stock market report on Oct 24, 2024 that it has increased its ownership stake in PAID (the Pool of Insurance against Natural Disasters) by an additional 5.5%.
Sphera Franchise Group (stock symbol: SFG), the company that manages KFC, Pizza Hut and Taco Bell restaurants in Romania, has announced in a stock marker report on Oct 24 that it has extended the mandates of Chief Financial Officer (CFO) and Marketing Director.
The Board of Directors of natural gas producer and supplier Romgaz (stock symbol: SNG) has announced in a stock market report on Oct 24 that it has called the ordinary general meeting of shareholders for December 4 to vote on the extension of a RON500 million (EUR100 million) loan facility.
ALRO, one of the largest vertically integrated aluminium producers in Europe, has announced in a stock market report that on Oct 24 the company's Board of Directors called the extraordinary general meeting of shareholders and one of the items on the agenda is the contracting of a loan worth up to $40 million (the equivalent of RON184 million) from the Black Sea Trade And Development Bank (BSTDB).
Romania's Finance Ministry raised RON346 million from banks on Thursday (Oct 24), selling discount treasury bills (T-bills) due in 2025, at an annual average yield of 5.89%.
The European Commission has approved a EUR400 million Romanian state aid scheme to compensate farmers affected by severe drought, the Commission has announced in a press statement on Oct 24, 2024.
Romania's Competition Council has announced on October 24 that it authorized the transaction by which the Kinstellar network of law firms, through Kinstellar SPARL, intends to take over Noerr Romania.
Grain producer Prodcereal in Calarasi County, majority owned by Vasile Stoica (73%) and Lucia Stoica (27%), ended 2023 with a turnover of RON54.9 million (EUR11.1 million), down 41.2% from RON93.4 million (EUR18.9 million) turnover reported in 2022, Ziarul Financiar (ZF) daily has calculated based on finance ministry data.
More than two thirds of companies worldwide (70%) expect an increase in public reporting on tax, as a result of the numerous regulations adopted in recent years, making data transparency and compliance with authority requirements the main challenge they currently face, according to Deloitte 2024 Global Tax Policy Survey.
German-held builder Geiger Transilvania reported turnover worth RON417.4 million (EUR84.4 million) for 2023, up 86% from 2022, in line with ZF calculations based on Finance Ministry data.
Entrepreneur Mihai Simiuc, who in early 2024 bought back FruFru and Urban Monkey brands from Unilever, has become a minority stakeholder in LifeBox, in line with ZF data.
Romania IT industry continued to expand in 2023, but the growth rate slowed down dramatically, though it stayed above 10%, reveals a survey conducted by a research group part of the Bucharest University of Economic Studies commissioned by The Romanian Employers Association in the Software Industry (ANIS).
Oyl Company Holding, a company operating in the field of road construction and held by entrepreneur Corneliu Dragomir, ended 2023 with a turnover of RON305.2 million (EUR61.7 million), up 33.2% from RON229.1 million (EUR46.4 million) turnover reported in 2022, in line with calculations by Ziarul Financiar (ZF) data based on finance ministry data.18957 items