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Oil drilling company Foraj Sonde Videle (FOJE.RO) on Monday (March 11) announced the signing of a contract worth RON44.9 million with Romanian state-run natural gas producer and supplier Romgaz (SNG.RO) – the natural gas storage branch Depogaz Ploiesti SRL-, as general contractor.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, stayed at 6.08% a year on March 11, after stagnating at this level for the last several sessions.
Euro Vial Residence, one of the leading developers active on the regional real estate market in the city of Constanta (south-eastern Romania), has bought a six-hectare plot of land located in the northern part of the city, towards the Ovidiu area, in a transaction of EUR6.5 million.
CTP, Europe’s largest listed developer, owner and manager of industrial and logistics properties by gross lettable area (GLA), has announced the appointment of Andrei Brînzea to the position of Business Development Director.
Marius Cara is the new resident representative of the European Investment Bank (EIB) Group in Romania.
Romania's Finance Ministry raised RON1.3 billion from banks on Monday (March 11), selling government paper in two auctions, at annual average yields of 6.05% and 6.60%, respectively.
Romania's trade balance posted a deficit of EUR1.95 billion in January 2024, lower by EUR359 million (-15.5%) compared to January 2023, data from the country's statistics board INS showed on Monday (March 11).
ROCA Industry, Romania’s first building materials holding company, owned by ROCA Investments, debuted today, March 11, on the Regulated Market of the Bucharest Stock Exchange under the stock symbol ROC1, following the transfer from the AeRO market.
Suceava-based paving store manufacturer Symmetrica owned by Stanciu family registered an over 20% turnover increase in 2023, to RON260 million, supported by the company’s expansion strategy and investments operated in recent years.
Safetech Innovations, a Romanian cybersecurity company listed on the Bucharest Stock Exchange, with offices in Bucharest, London and Abu Dhabi, has announced the setting up of a subsidiary in the Kingdom of Saudi Arabia, in Riyadh.
Accenture Romania, the local subsidiary of the Irish-American giant specializing in management consulting services, technological and outsourcing sources, plans to recruit around 1,000 people by the end of its fiscal year in August 2024, thus reaching over 5,000 employees.
Polish group Amrest, which owns 59 Starbucks coffee shops and 10 Burger King restaurants locally, last year generated EUR3.2 million gross profit in Romania, up 28% from 2022.
Roofing maker Bilka of Brasov, owned by Horatiu Tepes, ended 2023 with EUR248 million turnover, up 7%. In sold volumes, the increase reached 25%.
Real estate developer Impact Developer & Contractor (IMP.RO) has obtained a loan worth RON19.5 million through the branch RCTI Company, as per a report published at the Bucharest Stock Exchange on Friday (March 8).
OTP Bank Romania recorded consolidated net profit of RON262 million in 2023, seven times higher than the level reported in 2022,as per the report published in Budapest, which presents the bank's results at a consolidated level, adjusted in accordance with the Group's standards.
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), has started the general turnaround of the Petromidia refinery, scheduled for the period March 8 – April 26, an extensive project aimed at the maintenance, recertification and modernization of the production units of the largest refinery in Romania.
Romania’s biggest energy producer, Hidroelectrica, has announced the completion of repair and maintenance works on its hydropower plant in Costisa (Neamt County), following a total investment of RON6 million.
Romania's gross domestic product (GDP) estimated for 2023 amounted to RON1,598 billion current prices, increasing in real terms by 2.1% compared to 2022, provisional (1) estimates from the country's statistics board INS showed on Friday (March 8).
Romania was among the top beneficiaries of the European Investment Bank (EIB) Group's support in 2023 relative to the size of its economy, considering that new financing committed in 2023 reached a record high of EUR4.1 billion, which corresponds to around 1.3% of Romania’s gross domestic product (GDP).
The salary gap between women and men continues to be high in Romania, namely 21.6% in favor of men, reveals the “Equal Pay Gender” analysis, carried out by PwC Romania based on the data collected in the Paywell survey.19058 items