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Romania recorded an 86% increase in the number of FDI (foreign direct investment) projects in 2022, making it the fifteenth most attractive European investment destination, up seven places from the previous year, according to the 2023 edition of the annual report EY Romania Attractiveness Survey.
The capitalization of all 371 companies listed on the Bucharest Stock Exchange (BVB), both on the Regulated Market (RM) and on the Multilateral Trading System (MTS), reached an all-time high, at over RON301 billion, at the end of the first 11 months of 2023.
Regina Maria network, the second largest player on Romania’s private healthcare market by turnover, has opened a medical center in Timisoara in the wake of a EUR8 million investment.
Oves Enterprise, a Cluj-Napoca-based company specializing in software development, is set to expand internationally and is opening its first office in Norway, Oslo, the seventh launched abroad in the past two years.
A large part of companies in Romania, from micro-enterprises to large ones, will undergo a sizable business restructuring process in 2024 amid fiscal challenges and rising economic uncertainties, reveals a Sierra Quadrant survey.
Real estate developer One United Properties has finalized the acquisition of former Ford plant, a historic landmark that will be turned into a commercial development, One Gallery, with the deal being sealed with Auchan Romania.
Online fashion retailer Answear has managed to boost its Romania business by 20% this year, reaching over 400,000 clients locally, 10% more than in 2022.
Green power producer Hidroelectrica (H2O.RO) has called shareholders for a meeting on January 22, 2024, to approve the acquisition of the business from UCM Resita SA and the establishment of a company to handle the transfer of business called „Uzina de Constructii Masini Hidroenergetice S.R.L” with a share capital of RON119.7 million and ‘Manufacture of engines and turbines (except for aircraft, vehicles, and motorcycles)’ as its core business.
Fondul Proprietatea (FP.RO) has announced in a stock market report on Dec 15, through its sole manager Franklin Templeton, that private pension fund Fondul de Pensii Administrat Privat Metropolitan Life reached an ownership stake of 4.1% of the share capital of FP, respectively 3.55 billion voting rights.
Electricity supplier and distributor Electrica (EL.RO) has informed its shareholders and investors on Friday (Dec 15) that, during its meeting on December 14, 2023, the company's Board of Directors approved the Corporate Strategy of Electrica Group for 2024-2030.
German non-food discounter TEDi has opened a store in Piatra Neamt, within Galleria Mall, thus reaching a network of 32 units in Romania.
Frech retailer Decathlon has open its first store in Ramnicu Valcea, located within the Shopping City Ramnicu Valcea mall, reaching a network of 31 units countrywide.
Distributie Energie Electrica Romania (DEER), a member company of the Electrica Group, has inaugurated a new transformation station, in the locality of Leordina (Maramures County), on Friday (Dec 15).
Romania’s industrial sales (on the domestic and external markets) increased by 2.5% in nominal terms in October 2023 compared to September 2023 and by 3.1% versus October 2022, data from the country’s statistical office INS showed on Friday (December 15).
The employment rate for the working age population (15-64 years) was 63.3% in the third quarter of 2023, increasing by 0.3 percentage points compared to the second quarter of 2023, data from Romania's statistics board INS showed on Friday (December 15).
The shareholders of BRD SocGen decided during the ordinary general meeting of December 14 the distribution of 50% of the result reported for 2022 under the form of dividends.
Electricity supplier and distributor Electrica has announced that the mandate of Chief Executive Officer of Alexandru-Aurelian Chirita was extended until January 31.
Romania’s IPO market continues to grow despite a challenging global environment for stock listings and the outlooks remain upbeat, after in 2023 the market capitalization of companies listed at the Bucharest Stock Exchange has hit $44 billion, reveals an EY analysis.
Comes of Savinesti, Neamt county, a supplier of heat-transfer and pressure equipment and spare parts for chemical, petrochemical, oil and gas industries, expects to end this year with EUR21 million turnover, from EUR15.5 million in 2022, and for 2024 has budgeted a 20% increase amid a new investment.
The Board of Directors of corrugated cardboard maker Vrancart Adjud (VNC.RO) announced in a stock market report on Dec 14 that it called shareholders for a meeting on January 25, 2024 to secure approval for a share capital increase by RON31.9 million, to RON201 million from RON169.1 million, the company said.19075 items