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Romania's Competition Council has fined SEROM (Samsung Electronics Romania and Bulgaria), Dante International (eMag), Altex Romania and Flanco Retail a total RON123 million for participating in an anti-competitive agreement on the market for the commercialization of TVs and mobile phones, between 2019 and 2021.
Romania's energy ministry has announced the relaunch of two calls for projects targeting investments in energy storage capacities (batteries) and photovoltaic panels and the total budget is EUR278 million.
The number of real estate deals in Romania exceeded 37,241 in January 2024, 23,340 fewer than in December 2023, data from the national cadaster agency ANCPI showed on Thursday (February 8, 2024).
Raiffeisen Euro Obligatiuni, Goldman Sachs Romania RON Bond and FDI Globinvest were the best performing local open-end bond funds in Romania in 2023, as per the latest data from the Association of Fund Managers (AAF).
The ten most active brokers at the Bucharest Stock Exchange intermediated deals worth almost RON3 billion in January 2024, accounting for 92.6% of total intermediations, in line with calculations by Ziarul Financiar (ZF) daily based on stock market data, and almost threefold lower than RON1.1 billion worth of deals intermediated in January 2023 .
The office area traded in Bucharest in 2023 increased by 43% against the previous year, to over 463,000 square meters, also breaking the 2019 record of 390,000 square meters, in line with data provided by real estate consultancy Cushman & Wakefiled Echinox.
81% of participants in the latest survey carried out by eJobs.ro stated they have recruitment plans for 2024, and 65% of them have already started them.
BRD SocGen, the third largest banking institution in Romania by assets, is set to convene its shareholders on April 25 to vote on the distribution of 60% of its 2023 net profit under the form of dividends.
BRD-SocGen, the third largest bank on the local market by assets, in 2023 generated RON1.63 billion net profit, 27% higher than in 2022, amid RON3.7 billion revenues, up 13%.
Romania met several major criteria for France’s Biocodex to decide opening its own Bucharest subsidiary: a good macroeconomic framework, well-trained workforce and cultural closeness to France.
Cargo Partner, the local subsidiary of the Austrian group of the same name, which was taken over internationally by Japan’s Nippon Express, will invest to develop logistic spaces of Bucharest, Cluj-Napoca and Timisoara, according to the company’s officials.
Thermal-insulating panel producer Topanel in 2023 operated total investments worth above EUR15 million, with most money being directed to boosting production capacities of Ramnicu Valcea and making them more efficient.
JNT Group, one of Poland’s major wine producers, importers and wholesalers, has signed an agreement to take over the majority stake in Domeniile Boieru winery of Ciumbrud, Alba county.
The factory by Raiffeisen Bank program, launched six years ago to support beginner entrepreneurs, has provided funds for more than 430 businesses, with the total financing value nearing EUR24 million, as per data offered by the bank.
Insurance companies settled home damage insurance claims in the amount of over RON119.2 million in the first nine months of 2023, up 61% compared to insurance claim settlements of RON74.1 million in the same period of 2022, as per data from the National Association of Insurance and Reinsurance Companies in Romania (UNSAR)
Telekom infrastructure and automotive industry component supplier Faist Mekatronic, part of British group Faist, had a turnover of EUR50 million in 2023 and expects a 10% increase in 2024.
Romania's Competition Council is assessing the transaction through which OMV Petrom, the sole oil and gas producer in Romania and the largest integrated energy company in Southeast Europe, intends to acquire from RNV Infrastructure 50% of the shares of Electrocentrale Borzesti and the companies owned by it, namely Hoopeks International SRL, Green Labs Advertising SRL, Union Wind SRL, Borzeşti Wind SRL and Borzeşti Power SRL.
Complice.ro, an online store providing a series of experience packages for individuals and companies, aims to reach the EUR1 million turnover mark in 2024 after seeing a 98% annual turnover growth in 2023, to EUR850.000.
Law firm PeliPartners assisted Adventum Group in signing a lease contract extension with Genpact Romania – the anchor tenant in Hermes Business Campus, an office complex located in the northern part of Bucharest, with a gross leasable area (GLA) of approximately 74,500 sqm.
RetuRO, the administrator of the Deposit Return System (DRS) in Romania, the largest circular economy project in Romania, is opening its second beverage packaging collection center in the country, within the logistics park in Giarmata (Timis County).19075 items