Found 18957 news
Frigoglass Romania, a producer of plastics and refrigerated display cases, part of the Greek Frigoglass Group, posted about RON605 million (EUR122.3 million) revenue in 2023, up 3.7% from the previous year’s RON582.9 million (EUR118.2 million), according to ZF calculations based on Finance Ministry data.
Electricity supplier and distributor Electrica (stock symbol: EL) announced in a stock market report on Oct 17 the signing of an agreement to access non-refundable European financing in the amount of approximately EUR3.4 million, through the National Recovery and Resilience Plan (PNRR).
Romania's Finance Ministry raised RON511.3 million from banks on Thursday (Oct 17, 2024) selling benchmark bonds, above the planned amount of RON400 million, at an annual average yield of 6.82%.
Poland’s Elemental Holding Group based in Luxembourg has taken over the majority stake in Romanian ACC Recycling Services and plans to invest almost EUR20 million in a plant for recycling electronic and electrical equipment waste in Deva, Hunedoara County, the group said.
Pharmaceuticals company Sanofi Romania, the local division of French giant Sanofi, has announced the appointment of Buğra Kulak as Head of Pharma and Country Lead of Sanofi Romania.
Romania had the highest annual inflation rate, of 4.8%, among European Union Member States, in September 2024, data from Eurostat, the statistical office of the European Union, showed on Thursday (October 17).
Romania's Competition Council is analyzing the transaction through which Essilor International SAS intends to take over Optical Investment Group SA and its subsidiary, Optical Network Services SRL.
Romania's Ministry of Finance has attracted over RON1.5 billion and almost EUR387 million (values totaling over RON3.46 billion – EUR697.2 million), through the fifth primary offer for the sale of government bonds for the retail investors (FIDELIS) held this year through Bucharest Stock Exchange’s (BVB) systems.
Law firm Filip & Company has assisted investment fund AGISTA, part of Impetum Group, in the signing of the contracts for the sale of its entire ownership stake in Dendrio Solutions to Bittnet Systems S.A., and the acquisition of a new stake in cybersecurity company Fort S.A., listed in the AeRO market of the Bucharest Stock Exchange.
PepsiCo, a major player in the field of snacks and soft drinks, has appointed Razvan Lungu as CFO for the East Balkans region.
British software services company Endava has renewed the leasing contract for office space in UBC building, part of Iulius Mall Cluj development, for another five years.
The stock of industrial and logistics spaces in Romania is likely to overshoot 8 million square meters at end-2025, should the annual 500,000-sqm expansion pace maintain, is the conclusion of the latest Romania Industrial & Logistics Market report drawn up by real estate consultancy Cushman & Wakefield Echinox.
A multidisciplinary team made up of Reff & Asociatii lawyers and Deloitte Romania financial and fiscal consultants have assisted investment fund SARMIS Capital in taking over the majority stake in paper producer MG-Tec Industry.
The Romanian banking system is undergoing a favorable period from the perspective of the main financial and prudential indicators, as it continues to boast solvency, profitability and balance sheet structure indicators that are better than the European average and that are also positioned within the best prudential intervals set by the European Banking Authority.
Nuclearelectrica (SNN.RO), the only nuclear power producer in Romania, has notified the Bucharest Stock Exchange of the implementation of a new organizational structure by removing some positions.
Speedwell, one of the most active real estate developers in Romania, has started construction works for the third, and last building of the Triama Residence project, the company said in a statement. The budget allocated to the development amounts to EUR9 million.
ROCA Industry, the industrial holding for construction materials majority-owned by private equity firm ROCA Investments, has announced in a press statement on Oct 16 the full acquisition of Workshop Doors through the purchase of an additional 30% stake in the company's share capital.
Alfa Group, held by entrepreneur Alin Niculae, is launching the second phase of residential project Cloud9 Residence, located in Bucharest's Pipera area, for which the investment is estimated at EUR90 million.
The residential division of Prime Kapital plans to start construction of 600 new homes in its two major projects – Avalon Estates and Silk District in Bucharest and Iasi.
Private healthcare company MedLife (stock symbol: M) has announced in a stock market report on Oct 16 that Mihai Marcu, the company's CEO and the largest individual shareholder, sold 1 million M shares, at the price of RON6 per share.18957 items