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Building materials producer TeraPlast Bistrita has acquired a majority 51% stake in Aquatica Experience Group (AEG), a provider of water treatment, purification and management services.
OMV Petrom, Romania’s sole oil and gas producer, has announced its proposal for dividends from 2024 net profit: RON0.0444 per share, which at current trading prices of RON0.728 means a 6% return.
OMV Petrom, Romania’s sole oil and gas producer and the largest company by turnover, ended 2024 with RON35.8 billion sales, down 8% from 2023, while net profit climbed by 4% to RON4.2 billion, largely amid the elimination of the tax on refined crude oil.
Slatina-based electrical and fiber optic cable manufacturer Prysmian, part of the Italian Prysmian group, at end-February 2024 started works on a new production line for medium voltage electrical cables, at its factory in Slatina.
Timisoara-based fuel wholesaler Artoil, held by entrepreneurs Alexandra and Alex Bunceanu, expects 25% growth in revenue in 2025 compared with 2024, as a result of both new partnerships and expansion.
Romania's Competition Council is assessing the transaction through which Rombeer Cringasu SRL plans to acquire Ade Gas Company SRL.
Simona Belea will take over as the new head of Continental Automotive Romania, starting with the second quarter of 2025.
Romania's Finance Ministry raised RON1.4 billion from banks on Monday (Feb 3), selling government paper in two auctions, at annual average yields of 6.47% and 7.54%, respectively.
Romania's Ministry of Finance has tapped external markets on Feb. 3, 2025, for the first time this year, with euro and dollar-denominated bond issues at costs significantly higher than previously.
Beko Romania has appointed Marius Mihailescu to the position of Chief Executive Officer (CEO) for Romania, Moldova, Greece, Malta and Cyprus.
Holde Agri Invest (stock symbol: HAI), one of Romania’s largest farmland operators, announces new changes in its management team, confirming Bogdan Serghiescu as Chief Executive Officer (CEO) and appointing Adrian Pirciu as Chief Financial Officer (CFO).
MedLife, the largest private healthcare network in Romania by turnover, has announced that it is expanding its portfolio of robotic-assisted surgeries by introducing the Rosa robot system at the MedLife Humanitas Hospital in the city of Cluj, a state-of-the-art device specialized in orthopedics.
Law firm CMS advised leading UK-based collective of property investment and management companies M Core Group on the acquisition of the strip mall portfolio in Romania from MAS P.L.C., as well as on the acquisition financing, the firm announced on Monday.
Romania's foreign exchange reserves shrank by EUR1.3 billion from EUR62.12 billion at the end of December 2024 to EUR60.83 billion at the end of January 2025, Romania’s central bank announced on Monday (February 3, 2025).
Clifford Chance Badea, the local office of global law firm Clifford Chance, has recruited 15 lawyers over the past year, reaching a team of more than 45 lawyers, as a result of an increase in the volume of projects.
Real estate developer Forty Management, controlled by Azoitei family, has bought a 12-ha land plot in a Seville suburbia and will invest over EUR100 million in a Lagoon City-branded mixed-use development.
Cushman & Wakefield Echinox provided strategic assistance to MAS PLC, a major real estate investor in CEE, in the sale of a Romania strip mall portfolio to M Core Group.
PragmaGo, the Polish fintech providing funding services for SMEs, supported by investment fund Enterprise Investors, aims for fast growth in Romania via local company Omnicredit it has acquired recently, with the target envisaging tripling its loan portfolio in the next three years.
Dutch group Versuni, which includes Philips and Saeco brands in its portfolio, boosted Romania sales by over 10% in 2024.
Three companies part of Belgian group Habitex, all headquartered in Maramures county, have collectively laid off 241 employees.19782 items