Found 20563 news
Dacia has already started deliveries of the new Duster III and the Mioveni plant is readying to start manufacturing Bigster, the first compact SUV in the carmaker’s range.
Hidroelectrica (H2O.RO), the largest electricity producer in Romania and the largest company listed on the Bucharest Stock Exchange, on July 9 signed the contract for the start of renovation works at the Vidraru Hydropower Plant, a project of strategic importance for the National Energy System (SEN).
Delgaz Grid, part of E.ON Romania group, has an investment budget of RON788 million for 2024, from own sources and EU funds, but, at the national level, the amounts reach billions of euros.
ING Hubs Romania, a global technology hub that provides more than 150 software development, data management, non-financial risk and audit services, posted RON694.1 million revenue in 2023, an increase of almost 20% on 2022 and RON41 million profit, 25% higher than in the previous year, Finance Ministry data show.
OTP Bank Romania has concluded a EUR21 million financing agreement with Nor Real Estate, part of Atenor Group, for the development of Phase 1 of @Expo project, an office building located in Bucharest's Expozitiei area.
Pharmaceutical wholesale in Romania has a new leader by revenue, after Mediplus posted RON6.9 billion revenue in 2023, RON34 million more than the second leading actor, Fildas Trading, held by entrepreneur Anca Vlad.
UiPath, the most successful product in the Romanian IT industry and the first Romanian IT company listed on Wall Street, has reported at Romania's finance ministry a turnover of RON2.855 billion (EUR574 million) for 2023, up 25% year-over-year.
Law firm bpv GRIGORESCU STEFANICA has advised private equity investment firm Omnia Capital on acquiring 44.67% of Cargo Buddy, a digital shipping house launched in 2021.
Tudor Mihailescu, Senior Vice President and Chief Operating Officer (COO) within the eMAG Group, in June 2024 also took over the position of general manager of Freshful by eMAG online hypermarket.
Real estate consulting company Colliers has appointed Alexandru Atanasiu to the position of Head of Construction Services and member of the Board of Directors.
OMV Petrom, Romania’s largest oil and gas producer, announced total hydrocarbon production in Q2/2024 reached 110,100 barrels of oil equivalent per day (boe/d), down 3.2% from Q2/2023.
Meat product manufacturer CIA Aboliv of Mihai Viteazu, Cluj, controlled by businessman Bogdan Ilie Daniel, ended 2023 with turnover worth above RON245 million, up 28% from the previous year.
Sebes-based Star Assembly, the local unit of Mercedes-Benz AG, for 2023 reported turnover worth above RON10 billion (around EUR2 billion), up 10.6% from 2022, in line with ZF calculations based on Finance Ministry data.
German group Rewe wants to bring drugstore brand BIPA to Romania, according to ZF sources.
Danish renewables developer European Energy has announced in a press statement that it is planning to develop 1.5 GW of renewable energy capacities in Romania.
Interbrands Orbico, the largest player in the distribution and logistics market, recorded a turnover of over RON6 billion in 2023, up 17% on the year, in line with finance ministry data.
Cluj-Napoca builder Wincon, held by entrepreneurs Bogdan Irsik (90%) and Werner Irsik (10%), for 2023 reported net profit of RON16.4 million (EUR3.3 million), up 72.6% from net gain of RON9.5 million (EUR1.9 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on data on the transport ministry website.
Electricity and electrical equipment producer Electromagnetica (ELMA.RO) has announced in a stock market report that it will organize an outcry bid on August 7 for the sale of assets consisting of 11 small hydroelectric power plants, at a starting price of RON29 million, to which VAT is applied.
Czech-held company Partners Financial Services (PFS) is entering Romania by buying a 32.89% stake in Transilvania Broker de Asigurari (TBK.RO), one of the largest insurance brokers on the local market.
Romania's Finance Ministry has raised RON1.2 billion from banks on Monday (July 8), selling government paper at an annual average yield of 6.06%.20563 items