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Beltrame, the Italian group that controls the Calarasi and Targoviste steel plants, has invested around EUR28 million in the two production units and investments will not stop here.
Automotive wiring manufacturer Fujikura Automotive Romania, the local subsidiary of Japan’s Fujikura, reported turnover worth around RON99.7 million (EUR20.2 million) in 2022, down 23% on the year, in line with ZF calculations based on Finance Ministry data.
Affidea Romania, the biggest player on the local medical imaging market, has expansion and consolidation plans for 2024, after having pursued an organic growth strategy this year.
Agricultorul-Panimon group, controlled by entrepreneur Mihai Ilie, is unfolding a multiannual investment program of above RON100 million.
Cometex, the real estate division of Altex Group, the leader of the Romanian electro-IT market and one of the three leading Romanian entrepreneurial companies, will be opening the Cometex Retail Park on November 30, in Ramnicu Valcea.
Romanian authorities issued 3,002 residential building permits in October 2023, 2.6% fewer than in September 2023 and 8.8% fewer than in October 2022, data from the country’s statistics board INS showed on Wednesday (Nov 29).
Electrica (EL.RO), an electricity supply, distribution and generation company, has announced shareholders and investors in a stock market report that its subsidiary Distributie Energie Electrica Romania (DEER) attracted another non-refundable European financing through the Modernization Fund in the amount of EUR17.36 million.
Electronics manufacturer Visual Fan (ALW.RO), which owns the Allview brand, ended the first nine months of 2023 with RON64.3 million revenue for the entire group, down from RON78.5 million in the same time in 2022, as well as RON3.3 million net profit, down from RON4.6 million in the previous year, and a net profit margin of 5.11%.
Agroserv Mariuta (MILK.RO), a Romanian agribusiness company and owner of the Laptaria cu Caimac brand, posted RON59.8 million sales in the first nine months of 2023, an increase of 9% on the year ago period and RON1.5 million net loss, 57% lower than last year.
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), has announced in a stock market report on Nov 29 that it completed the modernization of two new tanks in the storage park of the Petromidia Navodari refinery.
Banca Transilvania (TLV.RO) financial group has again tapped international markets, raising EUR500 million via MREL (minimum requirement for own fund and eligible liabilities) bonds due in five years at a 7.25% coupon.
EMI Group, a top European provider in the field of industrial access solutions has concluded a partnership with Romanian company KADRA, the leading provider of integrated solutions for automation and access management in Romania, through which the two firms will optimize their processes.
A total of 3.1 million shares of Cluj-based dairy producer Bonas Import Export (BONA.RO) changed hands in two deals on the Bucharest Stock Exchange on Wednesday.
OMV Petrom, the largest integrated energy company in Southeastern Europe, has announced in a stock market report on Nov 29 that it has entered into a partnership with Vulcangas Romania for opening liquefied natural gas (LNG) and compressed natural gas (CNG) filling stations.
Luxury apparel manufacturer Canada Goose has purchased the operating assets of Romanian clothing company Paola Confectii Manufacturing from Titu (Dambovita County), the local partner of Canada Goose, marking its first acquisition in Europe.
The number of foreigners who will be able to come to work in Romania in 2024 is likely to reach 140,000, up 40% from the threshold admitted for this year, namely 100,000.
Iproeb Bistrita, one of the largest local manufacturers of electrical cables and conductors, posted RON11 million net profit in the first nine months of 2023, 28.3% lower than in the same period of last year.
Romanian state-run nuclear power producer Nuclearelectrica (SNN.RO) has informed the capital market in a report on Nov 28 that it signed a contract worth 781 million Canadian dollars (equivalent of EUR523 million) with Canadian firm AtkinsRéalis for the supply of reactor tooling and components, as well as engineering services and technology, in support of the life extension of the CANDU reactor of Unit 1 at Cernavoda Nuclear Power Plant (Cernavoda NPP).
State-run nuclear power producer Nuclearelectrica (SNN.RO) said in a stock market report on Nov 28 that it made a deposit of RON250 million (CAD75 million) with state-run lender CEC Bank.
Romanian venture capital (VC) firm Cleverage VC, founded three years ago and specialized in medtech investments, has invested in Czech startup KARDI AI, alongside several VCs and angel investors, the startup representatives said in a statement.19075 items