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Turism, Hoteluri, Restaurante Marea Neagra (EFO.RO), which manages several hotels and restaurants in Romanian seaside resorts, plans to sell two hotels and two plots of land on the local seaside, whose joint value reaches EUR15 million.
Investment Holding V7 Capital, which specializes in supporting and developing Romanian startups and businesses, has recruited Eduard Burghelia as Venture Partner.
Infinity Capital Investments (INFINITY.RO) has announced in a stock market report that it would hold on Feb 14, 2024 an open competitive bidding for the sale of a 99.99% ownership stake in Complex Hotelier Dambovita, respectively 1.75 million shares, at a minimum starting price of RON20 million.
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 0.1% in unadjusted data and by 1.5% when adjusted for seasonality and number of working days, in December 2023 compared to December 2022, data from the country’s statistics institute INS showed on Tuesday (Feb 6).
The rules on credit agreements for consumers were revised at the end of 2023, when new responsibilities for creditors were introduced to protect consumer rights, shows an analysis by the law firm PeliPartners.
After a somewhat turbulent 2023, which ultimately turned out much better than expected, 2024 is shaping up to be as decisive as it is uncertain, both in (geo)political terms, with more than 60 national elections – presidential and/or legislative – and in economic terms, with risks mounting on a still slowing global economy, as per Coface Country and Sector Risk Barometer – Q4/2023.
Turkish agri fintech Tarfin is readying to launch Tarfin PRO platform in Romania in a bid to streamline the supply process, according to the company’s officias.
Pehart Grup, one of Southeastern Europe’s largest paper producers, is set to enter the Away from Home product market, under Sovio brand, in the wake of an over EUR8 million investment in a new production line.
Real estate developer One United Properties reported residential sales and pre-sales worth EUR274.9 million in 2023, up 63% from 2022.
The Bucharest Stock Exchange (BVB) gained over RON7.09 billion in capitalization last week, while the value of share transactions decreased by RON132.58 million compared to the previous week, in line with data published by the BVB.
Romania's Finance Ministry raised RON1.5 billion from banks on Monday (February 5), selling government paper in two auctions, at annual average yields of 5.96% and 6.33%, respectively.
New registrations of road vehicles for passenger transport in Romania increased by 6.7% in the third fourth of 2023 compared to the fourth quarter of 2022, data from the country’s statistics institute INS showed on Monday (Feb 5).
Natural gas and electricity distribution company Delgaz Grid has developed the gas distribution network in the localities of Hudum, Manastirea Doamnei and Agafton (Botosani County), which have benefitted from gas supply since the end of 2023.
Deloitte holds the sixth spot in the overall ranking of the world’s strongest brands, and remains, for the sixth consecutive year, the most valuable and strongest commercial services brand, according to the 2024 edition of the “Brand Finance 500” report, which calculates brands’ value based on indicators such as market performance, marketing strategy and investment, as well as perception and reputation among clients, employees and other stakeholders.
Trencadis, a local tech company specializing in the development and implementation of complex software solutions for the governmental and business sectors, ended 2023 with turnover worth RON33.7 million (RON167.8 million), up 38.7% from the previous year, according to the company’s representatives.
JYSK, the Scandinavian furniture and home décor retailer, is expanding further in Romania and is set to open a store on Borsa on Thursday, reaching 139 units locally.
SIF Muntenia shareholders during Friday’s general meeting approved the changing of the company’s name to Longshield Investment Group SA, with this being the last financial investment company at the BVB to undergo such as rebranding process.
Europack Media, a company of Constanta that manufactures wet wipes, founded by local entrepreneurs, is set to expand its production capacity by 35-40% amid rising demand, especially from abroad, according to the company’s officials.
Mömax Properties, part of the group that owns the Mömax store network of Romania, got a capital injection of over EUR56 million in December.
Romania's industrial production prices for the total (domestic market and non-domestic market) decreased by 3.4% in December 2023 compared to December 2022, data from Romania’s National Statistics Institute INS showed on Friday (February 2, 2024).19075 items