Found 18957 news
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 8.1% in unadjusted data and by 7.3% when adjusted for seasonality and number of working days, in January-August 2024 compared to the same period of 2023, data from the country’s statistics institute INS showed on Monday (Oct 7).
Filip & Company assisted arrangers BT Capital Partners S.A., Citigroup Global Markets Europe AG, Erste Group Bank AG, J.P. Morgan SE, Raiffeisen Bank International AG and Unicredit Bank GmbH in the deal via which Romgaz sold EUR500 million worth of bonds on international markets.
The seven Pillar II private pension funds in Romania, in which 8.2 million Romanian employees contribute with part of their monthly gross income for private retirement savings, have reached record high assets worth EUR30 billion (RON150 billion), announced the Romanian association for private pensions APAPR.
Brick manufacturer Cemacon on Monday, October 7, announced the decision of the Financial Supervisory Authority (ASF) regarding the withdrawal of the company’s shares from trading on the main market of the Bucharest Stock Exchange.
Deloitte Romania assisted Romanian entrepreneurial group Alfa Group in taking over the largest part of IRIDE Park project, located in northern Bucharest, together with another two nearby buildings from Czechia’s CPI Property Group.
The Turda plant has been authorized, the first testing lots have been manufactured and the production unit will most likely operate at full capacity at the end of October, Mihai Fugarevici, general manager of Stada Romania, told ZF.
TeraPlast group will use the money raised from the share capital raise to fund its development plans and support current activity, maintains Alexandra Sica, IR & sustainability manager at TeraPlast.
Grand Hotel Bucharest, the former Intercontinental hotel, managed by Compania Hoteliera Intercontinental Romania (RCHI.RO), ended the first half of 2024 with net profit of RON5.3 million, slightly higher on the year, as per the company's half-yearly financial report published at the Bucharest Stock Exchange on Oct 4.
Romania’s finance ministry is launching new Tezaur Treasury bills on Monday, October 7, the ministry announced on Friday (Oct 4).
Romania's central bank has decided at its Board meeting on Friday (Oct 4, 2024) to keep its key interest rate unchanged at 6.5% a year, the level it reached in August 2024.
Encorsa, the Romanian digital transformation services integrator, has concluded a partnership with certSIGN, a provider of eIDAS-compliant trusted services and legally valid electronic archiving solutions, which enables companies to improve their document-signing processes by integrating electronic signatures into internal applications.
Romania's Competition Council approved the transaction whereby Baxi S.p.A intends to acquire G.I. Industrial Holding S.P.A. and its subsidiaries G.I. Middle Eastfze – DMCC, G.I. Industrial Asia Holding, SDN. BHD and Gimek ZRT.
Petru pastry shop chain currently operates 70 units in ten counties of Romania, but the company plans to expand further, both on its own and in a franchise system, so that the network should go beyond the 100-unit threshold in three-five years.
Average sale prices of apartments, old and new, in September 2024 posted a 15% jump against the same month of 2023, the latest data from Storia, the real estate platform launched by OLX, show, with the biggest increases being registered in Sibiu and the smallest ones in Constanta.
Romania M&A Market in the first nine months of 2024 registered 198 deals, up 8.2%, with the estimated value rising by 22% to $5.2 million, mainly supported by Energy and Utilities activity, reveals an EY Romania analysis.
Wrought iron maker Trutzi of Suceava, controlled by entrepreneur Ciprian Nutu, in 2023 generated turnover worth around RON403.8 million (EUR81.6 million), down 5% from 2022, in line with ZF calculations based on Finance Ministry data.
Moldoglass, a company operating on the glass processing market, managed by entrepreneur Valentin Sumanaru, for 2023 reported turnover worth RON48.2 million (EUR9.7 million), slightly down, by 1.5% from 2022, in line with ZF calculations based on Finance Ministry data.
Regina Maria Dental Clinics will open another three new stomatology clinics in late 2024 and early 2025 as the number of unique patients has doubled in the past year, explained Ionut Leahu, the company’s CEO.
National grid operator Transelectrica (stock symbol: TEL) has announced in a stock market report on Thursday (Oct 3) that the company's Directorate members accepted the mandates valid for the period between October 3, 2024 and February 29, 2029.
Metropolitan Life, the second largest life insurance company in Romania (as per data from Ziarul Financiar daily), announces a 21% annual increase in gross written premiums in the first six months of 2024, to RON378 million.18957 items