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Giovanni Luca Soma, the chairman of the Board of Directors of BRD-SocGen (BRD.RO), the third largest bank in Romania, has decided to withdraw from this position and from the Board of Directors, the lender announced in a report to the Bucharest Stock Exchange.
HCLTech, a leading global technology company, has announced the launch of its new Global Delivery Center (GDC) in Romania, in the eastern city of Iasi.
International law firm CMS has advised L&C Properties, part of M Core, one of the UK’s largest, privately held commercial property collectives with combined assets in excess of EUR6 billion, on its entry into the Romanian market with its largest deal to date: the acquisition of 25 retail parks, an investment nearing EUR219 million.
Hidroelectrica (H2O.RO), the largest company at the Bucharest Stock Exchange and the most profitable state-run firm, announced in a stock market report on Friday (Dec 8) the signing of the Business Transfer Agreement from UCM Resita (UCMR), specialized in manufacturing and trading of hydro aggregates and ancillary equipment, as well as in providing maintenance services and specialized technical assistance in the energy sector.
After praising Romania’s efforts for economic growth in 2023 and fiscal attempts to reduce the budget deficit, the International Monetary Fund (IMF) states in a report on this year’s conclusions about our country that the efforts so far are not quite sufficient.
The Council of Europe Development Bank (CEB) and Patria Credit IFN, a non-banking financial institution part of Patria Bank Group, have signed a EUR10 million loan, supported by the InvestEU guarantee program, promoting small farmers and rural businesses, as well as facilitating Patria Credit IFN SA’s digitalization.
MEPs and the Spanish Presidency of the Council informally agreed on Thursday on plans to help reduce energy consumption and greenhouse-gas emissions from the buildings sector.
59% of Romanian respondents prefer to shop in physical stores (vs. 50% in the Czech Republic) and free delivery is a benefit that would convince 63% of Romanian respondents to make a purchase online. Next day delivery is also an important benefit for Romanians (37%) and Poles (28%), a study reveals.
Belgium’s SD Worx Group, the main provider of human resources and payroll solutions in Europe, has acquired Romanian Software, the leading Romanian provider of payroll software and human capital management (HCM) solutions.
The Financial Supervisory Authority has approved the share capital increase prospectus of Roca Industry Holdingrock1 (ROC1.RO), a holding company which owns stake in several DIY and construction material companies and is 61% held by Roca Investments.
Romanian chemical fertilizer producer Azomures has announced the halt of ammonia and fertilizer production for December, just two months after resuming operations due to a set of policies and the lack of government action.
Companies in Romania with more than 500 employees are obligated to annually report transparently on sustainability and community investment practices, starting from January 1, 2025, in line with the new EU Directive.
Foraj Sonde Craiova, a local drilling company for the oil and gas industry, controlled by Valentin Cristescu (68.5%) and Emil Cristescu (26.3%), announced it sealed a RON146 million contract VAT not included with Romgaz for works at two exploration wells.
Michelin Romania, part of French group Michelin, one of the world’s largest tire producers, currently has 82 jobs available for the Zalau plant.
Lidas company, controlled by entrepreneur Elena Anastase, which owns a bakery plant in Mineri, Tulcea, as well as its own store network, ended 2022 with turnover worth RON110.7 million (EUR22.4 million), up almost 28% on the year.
The number of stakeholders in the Bucharest Stock Exchange, the operator of the Romanian capital market, has tripled in the past four years, more exactly from end-November 2019 to the same date of 2023, shortly after the company’s new board was elected.
Anodin Assets, a company almost entirely held by Ileana Motoc, has reached an ownership stake of 5.5% in iHunt Technology Import-Export (HUNT.RO), a supplier and manufacturer of mobile phones and gadgets,.
Ogre AI, a startup focused on data science and specializing in providing solutions for the energy sector, based on machine learning (ML) and artificial intelligence (AI), has recently obtained a EUR625,000 financing.
Safety Broker, the largest insurance broker on the Romanian market, plans to expand locally with the acquisition of Globasig Broker.
Most passengers taking off from the Henri Coanda (Otopeni) International Airport went to Vienna, Amsterdam, London, Tel Aviv and Paris last year, over one million people in all, Eurostat data show.19075 items