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Romania's Competition Council approved the transaction through which Italy's Guala Closures S.p.A plans to take over Greece's Astir Vitagiannis Bros. S.A., including its subsidiary, Coleus Packiging Proprietary Limited, South African Republic.
Helbako Electronica, the local subsidiary of Germany's Helbako GmbH, posted RON223.6 million (EUR45.2 million) revenue in 2023, up 27% from the previous year’s about RON176 million (EUR35.6 million), according to ZF calculations based on Finance Ministry data.
One Pillar II pension fund, Metropolitan Life Pensii Private, bought 35% of the MedLife (M.RO) shares traded on the Bucharest Stock Exchange in June 2024, data aggregated by ZF show.
Romania's Finance Ministry raised RON682 million from banks on Monday (August 19), selling government paper at an annual average yield of 6.55%.
Sipex Company (SPX.RO), a distributor of construction supplies, with 27 years in business, on Monday announced having ended the first half of 2024 with RON158 million revenue, an increase of about 9% on the year-ago period, driven by the rise in sales of its three distribution channels.
Avioane Craiova, an aircraft manufacturer controlled by the Romanian state, in H1/2024 registered total revenues worth RON74.4 million, almost three times higher than in the same period of last year.
A multijurisdictional team of Clifford Chance assisted Erste Group Bank AG and BCR in funding the development of a 99.2 MW onshore wind project that Nala Renewables bought from OX2.
The first half of 2024 brought a series of moves with a negative impact over the budgetary execution and, amid the lack of fiscal-budgetary consolidation moves, the gap is likely to go beyond 7% of GDP this year, with the risk of its heading toward 8% of GDP, reads a Fiscal Council report.
Financial analysts part of CFA Romania Association expect a 4.4% inflation for the next 12 months and Romanian currency to fall to an average value of 5.1062 units/euro.
Motorola Solutions Romania, the local subsidiary of the US company of the same name, a provider of emergency communications solutions, reported lower turnover and slightly higher net profit for 2023.
Canon’s Timisoara software research and development center had a stable headcount in 2023 and higher turnover than in 2022.
SoftOne Romania, the local subsidiary of Greek software solutions provider of the same name, reported turnover of RON8.2 million (EUR1.6 million) for 2023, up 77% from 2022.
Leanpay Romania, the local subsidiary of Slovenian startup specializing in BNPL-type services, aims to reach 1,000 partners by end-2025 as Romania is one of the biggest markets in the region for such new lending services, with the potential of the market revolving around EUR1 billion, in line with the company’s estimates.
Medicover, Romania’s third largest private healthcare provider, the subsidiary of the Swedish group of the same name, plans to consolidate the centers it owns in Romania.
Oresa Industra currently has a 77,000-sqm portfolio concentrated in two logistic projects, a 35,000-sqm project in Iasi, and a 42,000-sqm one in Arad.
Romanians are expected to spend RON3.4 billion on kids’ clothes and footwear this year, over four times less than on women’s clothes and shoes, in line with ZF calculations based on data provided by market research company Euromonitor.
The shares of Romania’s state-run natural gas transmission company Transgaz (stock symbol: TGN) traded up 4.4% on August 16 at the Bucharest Stock Exchange, amid deals worth RON1.4 million, boosting the market value to RON4.65 billion from RON4.45 billion; at some point, its shares grew 5.5%.
Corrugated cardboard manufacturer Vrancart Adjud (stock symbol: VNC) reported loss of RON8.4 million for the first half of 2024, compared with net profit of RON8.5 million in the same interval of 2023, as per its half-yearly financial report published at the Bucharest Stock Exchange on August 16.
Pentalog Romania S.R.L. and Pentalog HR Romania S.R.L., the subsidiaries of software company Globant, merged at the end of June 2024, as per shareholders' decision published in the Official Gazette.
Electricity and electrical equipment producer Electromagnetica (stock symbol: ELMA) reported net loss of RON9 million for the January-June 2024 period, compared with net profit of RON8.4 million recorded in the year-earlier period, as per its half-yearly financial report.19292 items