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Edenred will be launching, for the first time, virtual cards for the Meal Card, Holiday Card, Cultural Card, and Gift Card products.
Romania's foreign exchange reserves stood at EUR64.2 billion at end-March 2024, higher by EUR1.15 billion compared to EUR63.1 billion on February 29, 2024, central bank data showed on Monday (April 1, 2024).
The annual average job vacancy rate was 0.78% in 2023, decreasing by 0.12 percentage points against the previous year, data from Romania's statistics board INS showed on Monday (April 1, 2024).
The year kicked off on a cautiously optimistic note, marked by a selective thaw following a quieter period. The Americas and EMEIA IPO markets had a bright start in 2024, increasing global proceeds, according to the EY Global IPO Trends Q1 2024.
The quite gloomy economic outlooks at European level have raised the alarm level in the Romanian economy as well and part of large companies, particularly those with export operations, have resorted to preventive business restructuring in a bid to curb exposure to a possible negative financial impact, shows an analysis carried out by Sierra Quadrant.
Rating agency Moody’s estimates Romania economy will grow by 3% in 2024 and 3.5% in 2025, supported by consumption, but also by public and private investment, while the government will further face high fiscal and current account gaps, reveals a periodic report on the local market.
Danone Romania, leader of the yoghurt market, has finalized, together with its partners, a EUR7 million investment meant to support small farmers of Zimnicea, who deliver the milk they produce to the Bucharest yoghurt plant.
2B Intelligent Soft (BENTO.RO), a Romanian entrepreneurial company specializing in development and implementation of software solutions and the provision of IT and Cloud infrastructure services, said in a stock market report on March 29 that it expects a turnover of RON68.9 million in 2024, up 60% against 2023, and net profit of RON15.3 million, up 17% from 2023.
Romanian engine manufacturer Uzina Constructoare de Masini (UCM) Resita reported net loss of RON12.2 million for 2023, compared to profit of RON429 million in 2022, according to the financial report published at the Bucharest Stock Exchange.
The Europa Hotel, which is located in the Eforie Nord seaside resort and is held by the company ANA Hotels, was renovated following an investment worth over EUR14 million and is due to open on April 16, 2024.
DN AGRAR Group (DN.RO), the largest integrated livestock farm in Romania, with cow milk production and vegetable production, ended 2023 with net profit of RON23 million, up 63% on the year.
Romanian producer of organic farming inputs Norofert (NRF.RO) reported total revenue of RON41.9 million for 2023, at IFRS consolidated level, down 41.6% versus 2022.
STRABAG, the European technology group for construction services, has completed the T4 terminal of the Iasi International Airport.
The Traian Vuia international airport in Timisoara, western Romania, has inaugurated on Friday (March 29) a terminal destined exclusively for passengers who will be traveling in the Schengen space, starting with March 31, 2024.
The Board of Directors of the Electrica Group approved the consolidated value of the investment plan (CAPEX) for 2024, in the total amount of over RON1.12 billion, with RON878 million representing the annual financial plan for the investments of Distribuţie Energie Electrica Romania (DEER), member of the Group, the largest distribution operator in Romania.
Romanian authorities issued 2,556 residential building permits in February 2024, 39.7% more than in January 2023, but 0.6% fewer than in February 2023, data from the country’s statistics board INS showed on Friday (March 29, 2024).
Agricover Holding, an entrepreneurial agricultural business, posted RON44 million consolidated net profit in 2023, the company announced on Friday.
BCR contributed EUR84 million (19.3%) of the EUR435 million syndicated loan that Ford Otosan Romania, subsidiary of Ford Otosan Turkey, took out to support production of the new Ford Puma, of the Ford Transit Courier and Ford Turneo Courier models, as well as for the production of fully electric versions thereof.
Winemaker Purcari (WINE.RO), whose shares are included in the BET, has signed an agreement to acquire 100% in Timbrus Purcari Estate (Targoviste), the company announced, a deal that enables it to expand into the Stefan Voda wine region, adding about 130 hectares of farmland, including 112 hectares of vineyard in the Purcari village.
Fashion brand Zara, one of the leading actors in the industry in Romania, will enter indirectly on the second-hand market in Romania this spring with its “Pre-Owned” program, launched in 16 countries already, industry sources told ZF.19029 items