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Romania's Finance Ministry raised some RON2 billion from banks on Thursday (November 7), selling government paper in two auctions, at annual average yields of 6.43% and 6.04%, respectively.
Bookstore chain Carturesti expects to end this year with 20% higher revenue, as sales went up and the network expanded with stores to several cities in the country.
RenewAcad, the Professional Training and Counseling Academy for Renewable Energy Sources, and OMV Petrom, the largest energy company in Southeast Europe, have joined forces to establish a training center in Targu Jiu (Gorj County), with the aim of supporting the professional reconversion of mining technicians, as per a press statement.
PepsiCo, a global leader in the food and beverage industry, announces 80% of its Romanian fleet has transitioned to hybrid vehicles, marking progress in line with the company’s goal to achieve net-zero emissions in its global operations by 2040.
Changing imperatives in privacy, security and trust emerges as the top risk facing telecoms companies in 2024, according to the annual EY report, Top 10 risks in telecommunications.
Romania has made impressive strides in its economic performance over the last decades, but the country is still facing a large convergence gap with EU living standards, and wide regional and social disparities, according to a new IFC-World Bank report.
As 2023 comes to a close, an increasing number of Romanian candidates are actively seeking remote jobs, either to avoid commuting in the cold season or to secure an additional income, according to online recruitment platform Bestjobs.
Banca Comerciala Romana has raised RON1 billion from the investors on the Bucharest Stock Exchange via a bond issue due in 2029.
Despite agreeing to climate commitments, nearly half (47%) of respondent companies surveyed don’t disclose a transition plan to back these, as per this year’s EY Global Climate Risk Barometer which suggests a deep disconnect between organizations’ climate and corporate strategy.
Romania's economy grew by 1.4% in real terms (in unadjusted data) and by 2.2% in seasonally adjusted data, year-over-year in the first nine months of 2023, provisional (1) estimates from the country's statistics board INS showed on Thursday (December 7).
Raiffeisen Bank Romania and Raiffeisen Bank International granted a EUR60 million loan for the development of the largest photovoltaic park of Romania and Southeastern Europe, which became operational in 2023 in Ratesti, Arges county, equally held by Israel’s Econergy and Nofar Energy.
M Core group, made up of London & Cambridge Properties, Evolve Estates, Sheet Anchor and Proudreed, which owns 1,233 properties worth almost £5 billion, has acquired the 25 retail parks managed by Mitiska REIM in Romania, in a deal worth almost EUR219 million.
Car parts manufacturer Aptiv Technology Services & Solutions currently has 50 jobs available at the plant of Ineu, Arad county.
Vitamix, a local retail of natural products and cosmetics, has added 13 units to its network this year, reaching a total of 62 own units.
Dairy manufacturer Artesana based in Tecuci, Galati county, aims for 50% annual turnover growth in the following years, after having completed the over EUR6 million investment in its second plant in 2023, explained Daniel Donici, co-founder of the company.
GreenWeee, a home appliance recycling company, part of the Green Group, has completed its third WEEE (i.e. waste electrical and electronic equipment) recycling plant following an investment of RON75 million.
TMF Group, one of the leaders of the administrative services market, announces the acquisition of Contexpert, a company specialized in accounting, inventory, tax and payroll services in Romania.
CIS Gaz, a Romanian company operating in the natural gas industry and held by Sebastian Calugar, has acquired a majority stake in Next Energy Distribution, a distributor of fuel and chemical products owned by the Toma family.
Barleta, a company based in Bacau that manufacturers all sorts of paper bags for major supermarket chains, fast-food restaurant chains and bakery businesses, will end the year with lower revenue than the EUR25 million it posted last year, even though it had expected growth at first.
Clariant, a Swiss sustainability-focused specialty chemical company, has announced on Dec 6 its decision to shut down its Romanian bioethanol factory in Podari (Dolj County) amid ongoing losses which no longer justify continued production.19075 items