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Teilor Holding, a group of companies that includes luxury jewelry chain Teilor, is readying to raise funding on the Bucharest Stock Exchange via a bond issue of as much as RON40 million (EUR8 million) in a bid to support its plans envisaging new store openings, as well as for investments and working capital.
First Bank, part of Intesa Sanpaolo Group, has broadened its portfolio with the Instant Payments service developed by TRANSFOND, allowing for the interbank transfer of sums of up to RON50,000 in less than ten seconds.
Private healthcare company MedLife has completed the acquisition of Antares Clinic group, which owns three units in Piatra Neamt, Botosani and Onesti, as well as two labs in Piatra Neamt and Botosani.
Footwear retailer Benvenuti, majority held by local entrepreneur Dan Pavel, has reopened the store of shopping center Vivo! Cluj-Napoca in a new location and with a new concept, after an over EUR120,000 investment, thus reaching a 54-unit nationwide network.
Raffaello Shoes Factory, Romania’s biggest footwear producer, owned by Italy’s Grisport, in 2023 registered turnover worth RON315.1 million (EUR63.7 million), down 21.9% from 2022, in line with ZF calculations based on Finance Ministry data.
Prodal 94, a major spirits producer on the Romanian market, ended 2023 with turnover worth around RON192.7 million (around EUR39 million), 9.8% higher than in 2022, in line with ZF calculations based on Finance Ministry data.
Solder paste and adhesive materials manufacturer Heraeus Romania, the local subsidiary of Germany’s Heraeus, in 2023 registered turnover worth RON458.8 million (around EUR92.8 million), up 15.8% from 2022, in line with ZF calculations based on Finance Ministry data.
Teilor Holding SA, a group of companies that includes luxury jewelry chain Teilor, non-bank financial institution Invest Interned GF IFN, the company that sells gold jewelry Invest Interned Gold, and Teilor Invest Exchange, recorded net profit normalized, corrected with the impact of operating expenses stemming from the consolidation mechanism (technical adjustments), in the amount of RON3.2 million, at the consolidated level, in the first half of 2024, down 76% year-over-year.
Vivre Deco – the first company listed at the Bucharest Stock Exchange, which missed bond refunding due to financial distress – for the first half of 2024 reported revenue of RON2.7 million, lower than RON6.7 million in the same period of 2023, as per its half-yearly financial report.
Rompetrol Well Services (stock symbol: PTR), one of the leading wellbore special services companies in Romania, announced on Sept 30 the decision of the company's Board of Directors to appoint Pavel Romanenko as interim member of the Board of Directors and Chairman of the Board of Directors, starting October 1.
Telecommunications company Digi Communications has announced on Sept 30 that its Romanian subsidiary redeemed in full the EUR450 million worth of Senior Secured Notes issued by the company in 2020, as per a stock market report.
BT Leasing, part of financial group Banca Transilvania, reported net profit of RON99 million, at the group level, for the first half of 2024, higher than RON93 million reported in the same period of 2023, while revenue grew to RON108 million, from RON81.2 million, as per its half-yearly financial report published at the Bucharest Stock Exchange on Sept 30.
Elvila (ELV.RO), the furniture manufacturer controlled by businessman Viorel Catarama, saw its turnover halving in the first half of 2024 to almost RON5.5 million and its loss shrinking to RON2.9 million from RON5.5 million, as per its half-yearly financial report published at the Bucharest Stock Exchange on Sept 30.
Romania's Finance Ministry raised RON500 million from banks on Monday (Sept 30, 2024) selling benchmark bonds, higher by RON100 million than the planned amount of RON400 million, at an annual average yield of 6.48%.
Romanian start-up eVOTE, an online participation and voting platform in the General Shareholders’ Meeting, run by investor Mihai Chisu, on Monday (Sept 30) announced a record number of 1,300 investors at the General Meeting of Shareholders Of Fondul Proprietatea, held on Friday (Sept 27).
Law firm Filip & Company assisted Banca Transilvania with the launch of a sustainable bond issue, raising EUR700 million from international markets.
Romania's Competition Council approved the transaction through which OMV Petrom S.A. had taken over the companies Intertrans Karla SRL, Bridgeconstruct SRL and ATS Energy SA.
Romania attracted foreign direct investments (FDI) totaling EUR6.74 billion in 2023, compared with a record level of EUR10 billion reported for 2022, an analysis by the country's central bank and the statistics board INS showed on Monday (Sept 30).
NEPI Rockcastle, the largest owner, developer and manager of shopping centers in Central and Eastern Europe and the largest shopping mall owner in Romania, has acquired the Magnolia Park Shopping Center in Wroclaw (Poland), following an off-market transaction worth EUR373 million.
Romanian authorities issued 3,360 residential building permits in August 2024, 3.6% fewer than in July 2024 and 7.9% more than in August 2023, data from the country’s statistics board INS showed on Monday (Sept 30, 2024).18957 items