Found 19075 news
Romanian executives forecast a period of relative stability in manufacturing industry, retail trade and services, in parallel with a moderate decrease in employee numbers in the construction sector and rising prices in manufacturing industry and construction, for the period December 2023 – February 2024, in line with a survey by the country’s statistics board INS.
2B Intelligent Soft (BENTO-Intelectually Curious), a Romanian entrepreneurial company specializing in development and implementation of software solutions and the provision of IT and Cloud infrastructure services, has signed a supply agreement whose value tops 10% of the total income as per the latest annual financial statements, namely EUR623,744 VAT not included.
Arctic Stream, an IT infrastructure and security integrator, signed a contract worth around RON12.2 million with a client from the public sector with responsibilities in the field of defense for the supply of communication equipment for datacenters.
Exonia, a paper biodegradable packaging producer, plans to invest over EUR6 million in a plant in Galati county, with the company intending to submit a project to access funds via Just Transition Program, which has an over EUR770 million budget.
Fondul Proprietatea intends to buy back 1 billion shares in 2024, as part of its strategy to remunerate shareholders, at a price that may not be lower than RON0.2 and higher than RON1 per share and calls shareholders to approve the strategy about some stakes it holds.
Natural gas producer and supplier Romgaz (SNG.RO) announced on the Bucharest Stock Exchange on Wednesday that it would complete the Iernut power plant in Mures County by December 31, 2024.
Private lending in Romania grew by 5.4% in nominal terms (down 1.2% in real terms) to RON384 billion in November 2023 compared with November 2022, central bank data showed on Wednesday (Dec 27).
Danube freight carrier Transport Trade Services (TTS.RO) has informed the capital market about the conclusion by the Board of Directors of two contracts for the provision of integrated logistics services.
Evergent Investments (EVER.RO), an alternative investment fund with a capitalization of RON1.2 billion, will conduct a share buyback program of 10 million shares at a price of RON1.45/each or a total of RON14.5 million between January 8 and 19, 2024. The operation was approved by the Financial Supervisory Authority (ASF) on December 22.
Fondul Proprietatea (FP) announced it signed with GDF International the sale of the 12% stake in Engie Romania for RON433 million.
5 to go coffee shop network, founded in 2015, has reached 520 units after having opened around 100 new units this year, says Radu Savopol, co-founder of the concept.
Cargo Partner, the local subsidiary of the Austrian group of the same name, which provides road, rail, sea and air shipping services, will end 2023 with EUR70 million turnover, below last year’s level, and for 2024 expects turnover to be unchanged, according to the company’s officials.
Romaero Bucuresti (RORX.RO), a state-run strategic company for Romania’s aerospace and defense industry, on Friday notified the Bucharest Stock Exchange that it decided to file for insolvency with the Bucharest Court of Law.
Former finance minister and former Senate speaker in Romania Anca Dragu has been appointed governor of the National Bank of the Republic of Moldova. The decision was voted by 58 deputies, as deschide.md reported.
Nuclearelectrica, the only nuclear power producer in Romania, signed with the European Investment Bank (EIB) a loan agreement of EUR145 million to support completion of Europe’s first Tritium Removal Facility (CTRF) at the Cernavoda Nuclear Power Plant, the company said in a report to the Bucharest Stock Exchange.
The shareholders of private medical service provider MedLife (M.RO) on Friday approved during an Extraordinary General Meeting the authorization of the company’s Board of Directors to negotiate with Banca Comerciala Romana as arranger and other lenders that are syndicate members the terms and conditions to extend the credit limit of EUR228 million taken out last year with an additional amount up to EUR50 million.
Transilvania Broker de Asigurare (TBK.RO), one of the largest insurance brokers in Romania, announced a change in its executive management team, as Gabriel Loghin, the current general manager and legal representative of the company, decided to step down as of February 1, 2024 to “contribute more significantly to the company's strategic direction and the implementation of new projects, based on the administrator's mandate entrusted by the General Meeting of Shareholders.”
Financial analysts with CFA Romania association says the public budget deficit expected for this year will be 5.7% of GDP and will reach 5.2% in 2024.
Sweets are an essential item of holidays in the homes of Romanians and Bulgarians, reveals a report by Colliers based on a survey among respondents of Romania, Bulgaria, Czechia, Hungary and Slovakia (CEE-6).
HiSky airline plans to start operating Bucharest-New York flights in June 2024, with this being the first time in recent years that transatlantic flights exist in Romania.19075 items