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Romania's Competition Council has started a study on the residential and non-residential real estate market in capital city Bucharest, in order to identify possible barriers for growth in the industry and also aspects that can mislead consumers.
UniCredit acted as Global Coordinator and exclusive ESG (environmental, social and governance) Adviser in the initial public offering (IPO) of Premier Energy on the Bucharest Stock Exchange, the largest listing on the local stock market of a foreign-held company, since 2017.
Romania's Finance Ministry raised RON651 million from banks on Thursday (May 30), selling benchmark bonds, above the planned level of RON400 million, at an annual average yield of 6.15%.
Globalworth, the largest office space owner in Romania, has obtained the LEED certification for the Globalworth Tower Center International (TCI) project, one of the most iconic buildings in Bucharest, serving more than 2,000 occupants.
Romania’s unemployment rate stood at 5.3% in April 2024, higher by 0.1 percentage point compared to March 2024, data from the country’s statistics institute INS show on Thursday (May 30, 2024).
Eight out of ten Gen Z employees spend their free time with their teammates, with social relationships in the office being a key factor for many of them in choosing or keeping a job, as per a survey conducted by Genesis Property among 1,247 respondents nationwide.
Coffee shop network 5 to go is opening, starting June, three regional franchise offices, in Iasi, Cluj and Timisoara, in a bid to boost the brand’s footprint nationwide.
FintechOS, one of the best-known tech startups launched in Romania, a tech provider for banks, insurers, lending institutions and financial services companies, has completed an A-series investment round worth $60 million led by Molten Ventured, Cipio Partners and BlackRock, together with existing investors EarlyBird VC, OTB VC and Gapminder VC.
Dentons has advised the Joint Global Coordinators and Joint Bookrunners on Premier Energy PLC’s initial public offering (IPO) and listing on the Bucharest Stock Exchange.
The Board of Directors of Agroland Business System, a group that owns the largest network of agricultural stores in Romania, has convened shareholders to vote on July 1 on the acquisition of two machineries for Mihailesti poultry platform at the price of EUR3.8 million.
The cost of living remains the top concern for young Romanians (43% of Millennials and 29% of Gen Zs), but the share is slightly lower compared to 44% of Millennials and 33% of Gen Zs, respectively, in 2023, as per Deloitte Global Gen Z and Millennial Survey 2024, conducted in 44 countries, including Romania.
Patria Credit IFN, a non-banking institution owned by Patria Bank Group, which funds farmers and farming micro-enterprises, in 2023 posted RON8.54 million net profit, up 44%.
Dutch group Damen Shipyards, which owns 49% in Damen Shipyards Mangalia SA, has requested the bankruptcy of the shipyard amid accumulated debts, with the petition filed at the Constanta Tribunal.
Rapotan family, which founded building materials wholesaler Arabesque and store network MatHaus, ended 2023 with RON2.5 billion turnover, down 8% from 2022.
French-held Carrefour Group posted RON17.6 billion consolidated revenue in Romania in 2023, 52% higher than in 2022, ZF has calculated based on data provided by the retailer.
Drug wholesaler Alliance Healthcare, formerly known as under the Farmexpert, the third largest medicine distributor on the local market, ended 2023 with a turnover of over RON4.8 billion, up 6% from 2022.
Electroplast Bistrita, which has been operating in the field of electrical cable manufacturing for over 30 years, reported a turnover of RON155.9 million (EUR31.5 million) for 2023, up 16.4% from 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Cargus, one of the biggest actors on the parcel delivery market in Romania, has overshot the RON500 million revenue mark for the first time ever. Last year, it posted RON508 million revenue, an 8% increase year-on-year, the data the company provided show.
During the first year since the launch of sales at One Lake District until the release of the present report, a total of 620 apartments and related parking spaces have been pre-sold to clients, amounting to 80% of the units available at Phase 1, the management of real estate developer One United Properties informed the market on May 29.
Rompetrol Rafinare (RRC.RO), member company of the KMG International Group (Rompetrol), has introduced two modern reactors into the operational flow of the Petromidia refinery, part of the Middle Distillate Hydrotreating (HDV) unit, which will reach optimal operational parameters in the shortest time possible, company representatives said in a stock market report.19015 items