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Israel-based company Nofar Energy has acquired the largest solar photovoltaic (PV) park in Romania, developed by Portland Trust in the locality of Corbii Mari (Dambovita County).
Patria Bank (PBK.RO) has informed investors in a stock market report on Dec 12 that the mandate of Suleyman Burak Yildiran as General Manager would end, by mutual consent, starting with the date of prior approval by the National Bank of Romania of the new General Manager, but no later than March 12, 2024.
The fast-moving consumer goods (FMCG) market shrank in volume in January-September 2023, which is the best indicator of the spending appetite of Romanian consumers. On the other hand, retailers’ sales continued to increase in value, but solely because of prices went up by 15% to 23%.
Real estate consulting company Cushman & Wakefield Echinox is consolidating its team by recruiting Raluca Stanislav as Head of Business Development.
IT group Bittnet Systems (BNET.RO) notified the Bucharest Stock Exchange of having completed its corporate bonds offer conducted between November 27 and December 12.
OMV Petrom, the largest integrated energy company in Southeastern Europe, has continued to make significant progress in implementing Neptun Deep project.
International rating agency Moody's Investors Service (Moody's) has reconfirmed the Ba1 rating, with a positive outlook, awarded to Romania's national power grid operator Transelectrica (TEL.RO).
Natural gas and electricity distribution company Delgaz Grid has completed development works on the gas distribution network in Toplita (Harghita County), therefore, the municipality of Toplita is connected to the network starting from December 2023.
Visual Fan (ALW.RO), the company behind the Allview brand, has entered the electric car market with the CityZEN model, a vehicle designed to be used in urban traffic and for short trips outside the city, which can be driven by anyone who is at least 16 years of age.
71% of participating companies in the latest survey conducted by eJobs & UP Romania said they would offer Christmas benefits to employees in 2023.
65% of Romanians wouldn't be able to cover their expenses for even a week if they were to run out of income, nearly half (46%) of the population doesn't save any money, and of the people who do that, 27% do not put money into an emergency fund, as per the latest study on Romanians’ financial habits, conducted by KRUK Romania together with IRES, in November 2023.
Despite the recent emergence of artificial intelligence (AI) in the marketing landscape, a Chief Marketing Officer (CMO) Survey conducted by Duke University with the support of Deloitte reveals that 60% of respondents, primarily marketing leaders, have already integrated AI into their strategies over the past year.
Arctic Stream, an IT infrastructure and security integrator, on December 11 signed a significant contract, under the form of a framework agreement, whose value exceeds 10% of the net turnover of the latest closed financial statements (2022).
Law firm PeliPartners has assisted Hidroelectrica in the process of buying the business lines linked to ABC and Calnicel platforms owned by UCM Resita, Romania’s oldest industrial unit.
Telecom operator Digi has sealed a contract for the acquisition of spectrum licenses for the private use of the radioelectric public domain related to certain sets of blocks of frequencies with Spain’s Xfera Moviles in a EUR120 million contract that includes a EUR20 million conditional component.
Quehenberger Logistics Rou, a major player on the transport and logistic market, currently has 100 jobs available at the logistic center of Ghiroda.
Kastamonu Romania (formerly Prolemn), controlled by Turkey’s Kastamonu Entegre, ended the first nine months of 2023 with turnover worth above EUR100 million, slightly down from the year-earlier period.
Magnolia continued its nationwide expansion and consolidation during 2023 with a new logistic point in Constanta and new flower shop in Craiova and in 2024 wants to open at least two new units, explained Ioana Molnar, Magnolia co-founder.
Evopack, which produces cardboard and paper packaging in a plant in Piatra-Neamt and which delivers to McDonald’s KFC, Spartan and Mesopotamia restaurant chains, is tapping into a new segment, of cardboard food boxes.
Claudiu Aron, one of the largest hotel owners in Romania, known for the Alpin hotel complex located in the mountain resort of Poiana Brasov, says this year's trend was upward and the hotel is expected to end 2023 with an increased average occupancy rate and a higher turnover.19075 items