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Romania's Finance Ministry raised RON599 million from banks on Thursday (Sept 19), selling benchmark bonds, way above the planned amount of RON200 million, at an annual average yield of 6.8%.
Starting September 23, 2024, Romania's National Bank will add to the list of exchange rates the indicative quotations of the Romanian leu against the Hong Kong dollar (HKD), the Israeli shekel (ILS), the Indonesian rupee (IDR), the Philippine peso (PHP), the Icelandic krona (ISK), the Malaysian ringgit (MYR) and the Singapore dollar (SGD).
Pharmaceutical producer Zentiva SA (SCD.RO) on Thursday notified the Bucharest Stock Exchange of the decision of the Financial Supervisory Authority (ASF) to approve the tender offer for its shares started by majority owner (about 96%) Zentiva Group.
The Ilfov Court has appointed INFINEXA Restructuring, a Romanian entrepreneurial company specializing in the restructuring of distressed firms, to act as insolvency administrator for meat processor Angst which has been insolvent since March 2024, in consortium with Prime Insolv Practice SPRL.
NN Group, a Dutch financial services company operating in the local life insurance and private pension markets, and venture capital fund Rubio Impact Ventures launch the NN Social Innovation Startup Awards competition targeting early-stage tech start-ups aiming to create positive impact in society.
Bergenbier S.A., part of Molson Coors Beverage Company group, one of the leading brewers in Romania, has announced changes in its management team: Alexandru Nomicos, who has held the role of Finance Director since 2019, was appointed Director of Mergers, Acquisitions and Partnerships for the EMEA APAC region.
Austrian transport and logistics company Gebrüder Weiss has officially opened the second logistics hub near Bucharest, more specifically in Popesti-Leordeni.
Raiffeisen Bank Romania has completed the selection process for MoonShotX project carried out in partnership with InnovX, via which the bank wants to support companies with turnover of between EUR5 million and EUR50 million (Mid-Corporate) to scale up their business in the region.
Global logistics network NewCold, one of the world’s largest operators of automated cold storage warehouses, has arrived in Romania by acquiring a 9-ha land plot in northern Bucharest from Belgian developer WDP.
New car registrations in Romania rose by 8% in January-August 2024 against the same period of last year, to 106,534 units, while at EU level, new car registrations went up by 1.4% to 7,180,492, ACAROM and ACEA data showed on September 9.
Dan Timotin, a Romanian executive with 13 years of experience in the Coca-Cola system, took over as general manager of Coca-Cola HBC Egypt last month, according to his LinkedIn profile.
Mihnea Radulescu, one of the best known executives in the local telecom industry, who has been running the business unit of Vodafone, will return to US telecom giant Liberty Global as of October 1, where he will become chief executive officer of UPC Slovakia and infrastructure development vice president of the group for Central and Eastern Europe.
Real estate developer One United Properties (ONE.RO) on Wednesday notified the Bucharest Stock Exchange that Vinci Ver Holding, the special purpose vehicle of Victor Capitanu, one of the two founders, had requested that a new item about a buyback be added to the agenda of the shareholder meeting on October 10.
Andreas STIHL Power Tools SRL, the local subsidiary of Andreas STIHL AG&Co. KG. of Germany, has invested more than EUR21 million so far and created around 40 jobs at its new plant in the Eurobusiness I Industrial Park in Oradea.
Agroserv Mariuta (MILK.RO), a Romanian agribusiness and owner of the Laptarie cu Caimac dairy brand, posted RON59 million operating revenue in the first half of 2024, an increase of 1% on the year-ago period. Losses widened to RON646,270 from RON399,000, the company said in its first half report sent to the Bucharest Stock Exchange.
CITR, the court-appointed trustee of Damen Shipyards Mangalia, has had repair contracts signed for two ships and identified the assets that are non-essential for the shipyard’s operation in view of a sale (farmland, housing, buses).
Romania is the country with the highest inflation rate among the European Union member countries, for the sixth consecutive month, after reporting an annual consumer price index of 5.3% in August 2024, in line with data provided by Eurostat, the statistical office of the European Union, on Wednesday (Sept 18).
Romania will have a budget deficit of 7% of gross domestic product (GDP) in 2024, which will be the highest in the European Union, analysts of International Rating Agency Fitch Ratings said in a report released on Sept 17.
Marek Gebski is the new Marketing & Digital Director at Philip Morris Romania, effective October 1, 2024.
The volume of construction works in Romania decreased, in unadjusted data, by 2.7% in January-July 2024 and by 2.5% when adjusted for the number of working days and seasonality, data from Romania’s statistics office INS showed on Wednesday (Sept 18).18957 items