Found 19015 news
IBB Holding Group (IBB Holding), a group of 12 companies operating in the construction industry, mainly infrastructure construction, plans to raise EUR10 million through a bond issue on the Bucharest Stock Exchange to increase production capacity and secure working capital.
Entrepreneurial group Agroland Business System (AG.RO), which owns the largest farming supplies store chain in Romania, on Monday added more items to the agenda of the Extraordinary General Meeting of shareholders set for July 1, at the request of the majority shareholder and chief executive officer Horia Cardos.
Fuel trader Votrom, held by the Tulvan family in Oradea, ended 2023 with a turnover of RON768.8 million (EUR155.4 million), slightly lower than RON774.2 million (EUR157 million) reported in 2022, in line with data on the finance ministry website.
Electric motor plant Nidec of Oradea, owned by Japan’s Nidec, ended 2023 with a turnover of almost RON223.3 million (EUR45.1 million), up 5.6% from RON211.5 million (EUR42.9 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) decreased by 3.6%, in nominal terms, in April 2024 compared to March 2024, but increased by 8.5% compared to April 2023, data from the country's statistics board INS showed on Monday (June 17).
Romania’s industrial sales (on the domestic and external markets) inched down 0.3% in nominal terms in April 2024 compared to March 2024, but increased 18.8% versus April 2023, data from the country’s statistical office INS showed on Friday (May 17).
Japanese group Sumitomo, which owns Alcedo in Romania, a major farming input wholesaler, has acquired Naturevo, also a farming input wholesaler, according to Naturevo representatives.
Romania's Finance Ministry has raised RON500 million from banks on Monday (June 17), selling benchmark bonds at an annual average yield of 6.43%.
Romania's Competition Council has launched an investigation into possible manipulations of public tenders organized by certain contracting authorities/entities for the awarding of electricity meter reading service contracts in Romania.
Romania's Competition Council is assessing a transaction through which Guala Closures S.p.A., Italy, plans to take over Astir Vitagiannis Bros. S.A., Greece, including its subsidiary, Coleus Packaging Proprietary Limited, South African Republic
OMV Petrom (BSE:SNP), the largest integrated energy producer in Southeast Europe, will be investing nearly EUR750 million in the Petrobrazi refinery to transform it into the first major producer of sustainable fuels in the region.
Raiffeisen Bank Romania is launching MoonShotX, a project aimed at supporting companies with a turnover between EUR5 million and EUR50 million (Mid-Corporate) to scale up their businesses regionally.
Romanian lender Banca Romana de Credite si Investitii has expanded its services portfolio with the Plati Instant service developed by TRANSFOND, which allows the inter-banking transfer of sums of up to RON50,000 in less than 10 seconds.
Starting June 18 until June 28, retail investors can subscribe Fidelis government bonds at interest rates of 7% for lei and 5% for euro in a new issue carried out by the Finance Ministry.
Oracle Global Services Romania, part of US group Oracle, one of the world's largest tech groups, registered an almost 16% turnover decline in 2023 year-on-year, to over RON518.4 million (EUR104.2 million).
Inter Computer (IC) Romania, the local subsidiary of the Hungarian group of the same name, operating on the tech solutions market, targets EUR3 million turnover for 2024, the first year of activity for the company on the local market.
Fashion retailer Peek & Cloppenburg, which operates on the market of large, multibrand-type stores, is launching a smaller format, so as to be able to expand to secondary cities of Romania as well.
Local brewer Albrau registered RON70.9 million turnover in 2023, almost 23% higher than in 2022.
While in early 2020 Romania had just 271 prosumers, this exclusivist club has now turned into a significant player in the local energy field. Thus, at end-March 2024, Romania had over 121,000 prosumers, with an overall capacity of almost 1,600 MW, in line with data provided by energy watchdog ANRE.
Mobility network Autonom Services, founded by brothers Marius and Dan Stefan, has signed a contract with BRD – Groupe Société Générale S.A. (BRD) to act as an intermediary, in connection with the intention to launch a corporate bond issuance in the last quarter of 2024, as per a stock market report released on June 14.19015 items