Found 19075 news
Greek group PPC, which bought Enel Romania for EUR1.2 billion, has appointed Alessio Menegazzo as CEO and Country Manager.
SeedBlink, Europe’s tech-focused venture investment and equity management platform, is introducing a series of product enhancements as part of Fall Release. Platforma de investiţii în start-up-uri tech SeedBlink introduce o serie de instrumente care simplifică şi îmbunătăţesc procesele de acces şi înţelegere a investiţiilor pentru companiile europene şi acţionarii acestora. Ele sunt destinate fondatorilor, dar şi investitorilor, spun oficialii companiei
The number of insolvencies in Romania decreased by 7% year-over-year in the first eight months of 2023, but a return to the growth rate is expected in the coming months, the factors being both conjunctural and/or seasonal as well as structural, according to Allianz Trade's latest Global Insolvency Report.
Ropharma (RPH.RO), a pharmacy chain owned by entrepreneur Mihai Miron, said in a stock market report on October 26 that it had called its shareholders to vote on contracting a credit facility of EUR2 million from ING Bank.
CBRE, the global and national leader in commercial real estate services and investments, has launched the "Manufacturing Report 2023” which shows that production spaces are on an upward trend.
Romania’s general consolidated budget posted a deficit of RON56.46 billion in January-September 2023, or 3.55% of gross domestic product (GDP), as compared to a budget gap of RON41.70 billion (2.96% of GDP) reported in the same period of 2022, the finance ministry said on Thursday (October 26).
Five-star Radisson Blu in Cluj-Napoca, developed by Winners Park Invest and opened in June last year, had an average take-up of 65% in September and expects the same level for October.
Romanian state-run CEC Bank has signed a new agreement, of EUR105 million, with the European Investment Bank (EIB) to support small and medium-sized enterprises (SMEs) and mid-cap companies in order to boost their competitiveness and switch to a sustainable and green economy, within the Recovery and Resilience Facility (RRF RO) - Romania Member State Compartment.
Fondul Proprietatea (FP.RO) on Thursday notified the Bucharest Stock Exchange of having collected RON650 million, following completion of the sale of the sale of ENEL Romania. The fund had minority stakes in E-Distributie Muntenia, Enel Energie Muntenia, E-Distributie Dobrogea, E-Distributie Banat and ENEL Energie. The buyer was Greece’s PPC.
Romania's Finance Ministry raised RON1.09 billion from banks on Thursday (October 26), selling government paper in two auctions, at annual average yields of 6.65% and 7.18%.
The European Investment Fund (EIF) is granting Raiffeisen Bank Romania two guarantee schemes worth EUR400 million to fund the investments carried out by small and medium-sized enterprises (SMEs) on the Romanian market.
Czech Agrofert Group has bought the majority stake in Romanian company East Grain, through a share capital increase, which is the most significant foreign investment in the Romanian agribusiness sector over the last year.
CIS Gaz, a Romanian natural gas company, founded in 1990 by Sebastian Calugar in Mures county, is expanding further in Egypt, where it has signed a cooperation memorandum with Town Gas, a gas distribution company, on the basis of which they will jointly develop projects in the field of natural gas transportation.
OMV Petrom, Romania’s largest oil and gas company, on October 26, 2023, completed the process of delisting GDRs from the London Stock Exchange in the wake of low interest in their trading and additional costs related to presence on this bourse.
Financial analysts part of CFA Romania association say the state budget gap estimated for 2023 will reach 5.8% in GDP, the highest value registered in the CFA survey since the start of the year.
Freight forwarder IB Cargo, which delivers freight for clients in the automotive, FMCG, pharma, agriculture sectors and others, in 2022 generated RON405.5 million turnover, up 35% from 2021.
Furniture maker Artemob International, controlled by French company P3G Industries, for 2022 reported turnover worth RON134.3 million (EUR27.2 million), down 22.7% on the year, in line with ZF calculations based on Finance Ministry data.
Retailer Made by Society is readying to enter Poland with a store in the main mall of Warsaw. This will be the third foreign market for the fashion retailer, after Bulgaria and the UK.
The Sibiu City Hall has bought for EUR5.2 million the land and buildings of the city's Fabrica de Cultura (Culture Factory) held by the company Constructii S.A., which is currently in reorganization.
Electrica (EL.RO), a major player on Romania’s electricity distribution and supply market, in a stock market report on October 25 announced the signing of the first non-reimbursable financing contract under Investment Measure I1 - Supporting investments in new electricity production capacities from renewable wind and solar energy sources, from the National Recovery and Resilience Plan (PNRR).19075 items