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The Filip & Company team has provided legal assistance to Banca Transilvania on closing its acquisition of OTP Bank Romania and OTP Leasing Romania.
Italy's Intesa Sanpaolo Group, which has recently finalized the acquisition of First Bank (Romania), ended the first half of 2024 with net profit of EUR4.8 billion, up 13% year-over-year.
Romania’s unemployment rate stood at 5.5% in June 2024, higher by 0.1 percentage point compared to May 2024, data from the country’s statistics institute INS show on Thursday (August 1, 2024).
International law firm CMS assisted OTP group in completing the sale of Romania operations to Banca Transilvania, the largest lending institution in Romania by assets.
Sanador, a major private healthcare provider in Romania, is expanding via a EUR20 million investment.
InteRo Property Development, owned by Topolinski family of Canadian investors, is starting construction works for mixed-use project SkyLight Residence, located in Obor area, on the land plot of former Aversa plant.
Companies in the first half of this year leased industrial and logistic spaces with a total area of 410,500 square meters, down 25% from the year-earlier period. In terms of new demand, not including renegotiation contracts, this cumulated 52% of the volume of contracted spaces, namely 213,000 square meters, double the area delivered in the analyzed period, in line with data provided by real estate consultancy Cushman & Wakefield Echinox.
BRD-Soc Gen, the fourth largest bank in Romania by assets, in the first half of 2024 generated net profit of RON675 million, down 9.6% from the same period of 2023.
Local startup Vatis Tech, which has created a speech recognition software solution, targets 1 million annual recurrent revenues at end-2024, as it has recently launched a new vocal recognition technology that automatically identifies as many as 90 languages, allowing it to attract clients worldwide.
On Wednesday, July 31, 2024, the Bucharest Stock Exchange system recorded transactions worth almost RON8 million with 5.68 million shares of Agroland Business System (stock symbol: AG.RO), at a price of RON1.4 per unit, lower by 5.4% than the market price, as per stock market data.
The industry of local mutual funds has seen a significant increase in investor numbers over the last year, from 511,900 clients in June 2023 to 703,570 clients in June 2024, which translates into a 37.4% advance or 191,700 more investors during the analyzed period, Ziarul Financiar (ZF) daily has calculated from data provided by the Fund Managers Association (AAF).
NN Pensii, Romania's largest Pillar II private pension fund, has exited the shareholding structure of French company Eurofins, where it had a RON105 million investment, being the only foreign direct investment in stocks, as per data aggregated by Ziarul Financiar (ZF) daily.
On Wednesday, July 31, 204, a special transaction with 10% of the share capital of Grand Hotel Bucharest (stock symbol: RCHI) was registered in the Bucharest Stock Exchange system, as per stock market data.
PPC Renewables, the subsidiary fully owned by PPC Group, has started the construction of a new wind power plant with an installed capacity of 140 MW, in the locality of Deleni, in Vaslui County.
Do-it-yourself (DIY) store chain Leroy Merlin Romania is planning to open five new stores until 2026, including a unit in the town of Pitesti, in the fall of 2024.
Electrica and EsyaSoft Holding Ltd. of Dubai, UAE, part of the International Holding Company (IHC) Group, will set up a joint-stock company that will have as its object of activity the production and operation of advanced technologies in the field of green energy, intended for the national and European market.
Coca-Cola Romania, the local division of The Coca-Cola Company, has announced that Iuliana Nedelcu, who has so far held the position of Marketing Director for the operations in Romania, has taken over the role of Senior Director of Marketing Frontline Activation for South-Eastern Europe, starting July 2024.
The Romanian capital market reached a bourse capitalization of over RON300 billion in 2023, up over 45% from 2022 amid the successful listing of Hidroelectrica, in line with the latest PwC Romania report.
The Competition Council is analyzing the transaction through which OMV Petrom SA intends to acquire, together with RES Terranet Holding SRL, the companies Tenersolar Park SRL, Enerintens Solar SRL and CIL PV Plant SRL.
Sameday, one of the largest parcel delivery companies in Romania, continues to develop its regional delivery infrastructure with the acquisition of Hungary's Pactic Group.18957 items