Found 18957 news
Bucharest Stock Exchange (BVB) has launched a new index, Bucharest Exchange Trading Energy, Utilities and Financials (BET-EF), dedicated to the best represented sectors in the capital market, energy, utilities and financial ones, except for investment funds.
Raiffeisen Bank Romania, the sixth largest bank by assets, ended the first half of 2024 with RON820 million net profit, down 6.17% from the year-earlier period.
Supply crunches and the desire of no longer depending on suppliers have pushed several Romanian builders to invest in their own building materials plants.
Aircraft parts manufacturer Sonaca Aerospace Transilvania, the local subsidiary of Belgian group Sonaca, for 2023 reported turnover worth RON62.3 million (EUR12.6 million), up 4.6% from 2022, in line with ZF calculations based on Finance Ministry data.
Private school Mark Twain International School will in 2024 start building a Flagship Campus in the area of Balotesti, which will be able to accommodate between 800 and 1,000 students. This is due to be opened in September 2026. The school will also start building the new Cosmopolis Campus this year, in the area of Stefanestii de Jos, able to accommodate between 600 and 800 students and scheduled for opening in September 2025.
Olint Com, based in Radauti, Suceava County, which operates in production, trade and distribution of building and interior design materials and is owned by entrepreneur Georgeta Cusiac, posted RON130.7 million (EUR26.4 million) revenue in 2023, close to the 2022 level, Finance Ministry data show.
The management of real estate developer One Untied Properties (ONE.RO) on Monday notified the Bucharest Stock Exchange about the conclusion of an addendum for the increase of a credit facility contracted for One Cotroceni Park Office S.R.L (OCO1) and One Cotroceni Park Office Faza 2 S.R.L (OCO2) on July 2023, 2021.
Italy’s Manni Group, which owns insulating panel maker Isopan in Romania, has signed a joint venture agreement with Marcegaglia Steel for the insulating panel and sectional door panel making divisions to create a new entity set to become the second leading insulating panel manufacturer in Europe, with customers in more than 70 countries throughout the world.
Romania's Finance Ministry raised RON713 million from banks on Monday (July 29), after reopening a discounted Treasury certificate issue due in June 2025, instead of the scheduled RON500 million, at an annual average yield of 5.85%.
Economic analysts expect the inflation rate to go down over the next 12 months to reach an average of 4.6% in June 2025 and see the leu depreciating against the euro to RON5.0722//EUR in mid next year, a survey by CFA Romania association shows.
Brewers of Romania Association announces the appointment of Constantin Bratu as general manager of the organization as of August 1. He succeeds Julia Leferman, who held this position from 2017 and who will make the transition to a new role, that of secretary general of The Brewers of Europe, an organization that represents more than 10,000 brewers across Europe.
AZT Viitorul Tau, the second largest Pillar II private pension fund in Romania after NN Pensii, has bought into Arobs Transilvania Software (AROBS.RO), Bucharest Stock Exchange data show.
Romanians’ financial wealth will expand by 9% on average per annum in the next five years, 1% above the average projected for Eastern Europe and 3% above the global growth pace, reveals the Global Wealth Report drawn up by management consulting firm Boston Consulting Group (BCG).
Deloitte Romania assisted Belgian real estate developer WDP in the acquisition of Global Logistics Chitila, Targu Mures Logistics Hub and Black Sea Vision, from a joint venture owned by Globalworth and Global Vision.
Romanian executives expect price hikes in services, retail trade, constructions and the processing industry, in line with a survey conducted by the country’s statistics board INS.
iStyle Retail SRL, the largest Apple Premium Reseller retail chain in Central and Eastern Europe, for 2023 reported net turnover worth RON590.4 million (EUR118.7 million), up 6% from 2022.
Intuitive.Cloud Romania, the local subsidiary of the US company specializing in cloud engineering, wants to hire more than 100 professionals in Romania in the next 12 months, for various roles and has chosen to collaborate with recruitment firm Hays Romania to this end.
Santierul Naval Orsova (Orsova Shipyard-SNO.RO) has sales a new contract worth EUR4.05 million with Rensen-Driessen Shipbuilding group of the Netherlands.
Natural gas producer and supplier Romgaz in the first half of this year registered an overall hydrocarbon production of 16.12 million boe, up 4.6% from the same period of 2023. At the same time, electricity production reached 450.8 GWh in H1/2024, down 9.4% from H1/2023 amid an 18.3% decline in the first three months of the year.
Sixty foreign direct investments were carried out in Romania in 2023, with the figure placing Romania ahead of Greece and Bulgaria, reveals EY Attractiveness Survey Romania 2024 study.18957 items