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Romania’s national power transmission company Transelectrica (TEL.RO) has announced in a stock market report on March 21 that it decided to extend the mandates of provisional Directorate members for a two-month period, from March 25, 2024 to May 24, 2024.
French-held Carrefour group is closing half of the convenience stores it got when it bought rival Cora’s operations in Romania, that is four of eight.
CMS has announced the findings of the 16th edition of the CMS European M&A Study 2024, which analyzed a record 559 deals throughout 2023, indicating the resilience and adaptability of the European M&A market amidst challenging global conditions.
Cluj-based Ambulance and special vehicle maker Deltamed ended 2023 with about EUR36 million revenue, an increase of 88% on the previous year, as a result of higher number of projects and a five-fold increase in exports, the company said in a statement.
The shareholders of Practic SA (stock symbol: PRBU), one of the largest owners of street-level retail space in Bucharest, held by Radu Dimofte, approved in their ordinary general meeting of March 21 the distribution of dividends in the amount of RON16.7 million.
Real estate developer One United Properties (ONE.RO) has called shareholders for April 25, 2024, to vote on the distribution of RON38 million dividends and on a potential corporate bonds issue.
Spirits production and distribution group Alexandrion is expanding worldwide, founder Nawaf Salameh says, whose dream is to go to every country, and the plan is to conquer America in the second half of 2024.
NEPI Rockcastle has announced a budget of over EUR650 million for medium-term construction and redevelopment projects in Central and Eastern Europe.
Romania's Finance Ministry raised RON1.2 billion from banks on Thursday (March 21, 2024), selling benchmark bonds with a scheduled value of RON600 million due in April 2030, at an annual average yield of 6.54%.
SII Romania, a multinational company specialized in software engineering and technology consulting, has announced the appointment of a new General Manager, namely, Iulia Surugiu.
The evolution of Romania economy in 2024 will be in line with the tendencies registered in the rest of Europe, set to mark modest growth, below potential, of just 2,7%, slightly above the 2% pace of 2023.
Germany’s DIY retailer Hornbach has announced the expansion of the group’s IT hub in Romania.
New car registrations in Romania posted an 8.9% decline in February against the same month of 2023, to 11,339 units, of which 1,109 were full electric ones, up 6.6% year-on-year, and 3,736 hybrid ones, up 15% year-on-year, in line with data provided by ACAROM and ACEA.
State-run nuclear power producer Nuclearelectrica is set to submit to shareholders’ approval the proposal regarding the distribution of a gross dividend of RON3.71 per share, namely a total sum of RON1.12 billion from the 2023 net profit of RON2.4 billion.
The management of Infinity Capital Investments proposes the 2023 net profit of RON67.7 million be distributed to reserves, for own resources, to support future investments, based on a year 2024 full of uncertainties, which can create, along with inherent risks, investment opportunities.
Entrepreneur Florin Fodor, who almost two decades ago set up musical instruments store network Fly Music together with his wife Liliana Fodor, wants to expand further in Europe, with an online store to sell its products.
Moldovan Carmangerie, with activities in the meat industry and part of a group of companies founded and controlled by Moldovan family, will invest around EUR16.8 million in a new production unit in Sannicoara locality of Cluj county.
Prahova-based Feruccio Group, controlled by businessman Ninel-Aurelian Alexandru, is investing EUR2.5 million in a winery and has submitted a project for the development of a EUR1.7 million hotel based on funds granted under the Just Transition Program.
Car parts supplier Eckerle Automotive, the Romanian subsidiary of Germany’s Eckerle, ended 2023 with turnover of almost RON270.6 million (EUR54.7 million), up 6.8% from RON253.3 million (EUR51.4 million) in 2022, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Farmaceutica Remedia Group, with activities in drug wholesale for pharmacies, but also for clinics and private hospitals, in pharma retail and sale of robots for pharmacies, is considering distributing dividends of RON4.7 million to its shareholders, as per the convening notice drafted by the company's Board of Directors.19029 items