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Fondul Proprietatea via its manager Franklin Templeton International Services on Tuesday notified the Bucharest Stock Exchange of having completed the sale of its Engie Romania stake to GDF International for RON432.6 million.
Corteva Agriscience, a producer of agricultural seeds and plant protection products saw its business in Romania and the Republic of Moldova increase by 23% in 2023 compared with 2022.
Romania’s national power transmission company Transelectrica (TEL.RO) got EUR48 million non-repayable funding on Tuesday, February 20, via the tenth funding contract the Energy Ministry signed with the Modernization Fund.
Romanian company EXE Software, specializing in software solutions development, currently has four open vacancies, seeking people to fill the positions of cloud operations engineer, test engineer, .NET developer and senior software developer.
Renault Group put Emanoel Derta in charge of the Dacia Design Center in Bucharest as of this year. He replaces Ory Yohann, who had been running the studio since 2021, overseeing the launch of new models like Duster III, Bigster and Spring.
Autonom Protect, the services unit for the insurance market of Autonom group, controlled by brothers Marius and Dan Stefan, has taken over the majority stake in Nova Ria24 Servicii, a company specializing in technical, medical and travel assistance services.
Softone Group, a leading business software provider in Greece and SE Europe, which operates in Romania via SoftOne Romania, has appointed Radu Opris the new Group General Manager International, the group said in a news release.
Romania ranks 14th in the European Union by new car registrations in January 2024, with a volume of 12,733 units, an increase of 3.8% on January 2023, data from the Romanian and European carmakers associations ACAROM and ACEA show.
Bozankaya, a Turkish-held public transport vehicle producer, has gained a project within a tender organized by Iasi City Hall via which it will deliver the municipality 18 trams with a length of around 22 meters and a minimum capacity of 135 passengers.
The Finance Ministry is readying to launch a new Fidelis government bond issue aimed at retail investors for which subscriptions will start on Wednesday, February 21, and end on Friday, March 1.
Matei Lucescu, the entrepreneur behind Grivita beer brand, wants to strengthen investment in the production unit opened last year in Popesti-Leordeni, boost the team from 20 to 30 people.
“Electrified” passenger cars will in 2024 reach a 29% market share in Romania, so that, an analysis by the Automotive Manufacturers and Importers Association (APIA) estimates that almost three times more “electrified” passenger cars will be registered in Romania compared with diesel ones this year.
Misavan, a Iasi-based cleaning goods producer, is building a new plant, where all the group’s production capacities will be moved.
Cristian Constantinescu, one of the most discreet local entrepreneurs, known for having co-founded and then sold Noriel, has shifted to the beauty field. Thus, starting 2017, he has developed natural cosmetics shop chain Nala, which has reached 50 units in Romania.
Lion Capital (LION.RO) on Monday notified investors on the Bucharest Stock Exchange about its board of directors approving the sale of the entire stake in Azuga Turism (98.94%), consisting of 786,882 shares, to Electric Planners in a EUR9 million deal.
Romania's Finance Ministry raised RON443.2 million from banks on Monday (February 19, 2024) selling benchmark bonds with a scheduled value of RON500 million due in May 2027, at an annual average yield of 6.22%.
KIWI Finance, one of the most important players in the loan brokerage market in Romania, ended 2023 with a volume of intermediated loans of over RON1.7 billion (EUR350 million), more than 90% of which are mortgage or construction loans.
AROBS Transilvania Software (AROBS.RO) shares will be included in the FTSE Russell emerging markets indexes as of March 18, 2024.
Romania’s economic growth will reach 2% to 2.5% in 2024, most chartered financial analysts at the CFA Forecast Dinner organized by the CFA association agreed.
Industrial pipe manufacturer Silcotub Zalau, part of the international Tenaris group, held by the Italian Roca family, has started construction of a photovoltaic power project, with a nameplate capacity of 19.8 MW and 21.2 MWp, respectively, in Calarasi.19058 items