Found 20563 news
Constructii Erbasu, a company owned by entrepreneur Cristian Erbasu, in 2023 earmarked around EUR12 million for investments, with part of the money being aimed at production expansion and another one at real estate investments.
Despite significantly recovering from the decline of 2022 and reaching RON20 billion at the end of 2023, the assets of the ten largest companies in the Romanian asset management industry (namely, over 90% of the market) still are way behind the RON25 billion level recorded on December 31, 2021, in line with calculations by Ziarul Financiar (ZF) daily based on data from the Association of Fund Managers (AAF).
Romanian precast concrete product manufacturer ASA CONS, based in Turda, has budgeted a turnover of almost EUR30 million and investments of EUR1 million in 2024.
“Avram Iancu” International Airport in Cluj, Romania’s second largest, ended last year with 3.24 million passenger traffic, an increase of 23% year-on-year and three times the level of ten years ago, data from the Romanian Airports Association (AAR) and ZF’s calculations show.
Plastic packaging maker Romcarbon (ROCE.RO) has announced in a stock market report on Thursday (Jan. 25, 2024) that it sold 20,000 shares of green power producer Hidroelectrica (H2O.RO) on January 23.
The Board of Directors of pharmaceutical manufacturer Antibiotice Iasi (ATB.RO) announced in a stock market report on Thursday (Jan. 25, 2024) that it has called shareholders for a meeting on February 29, 2024 to vote on contracting a RON35 million credit facility for the company's current activity.
IT group Bittnet (BNET.RO) on Thursday, January 25, elected its board of directors in a general meeting of shareholders, as the terms of the current board expire on January 29, 2024.
Corrugated cardboard manufacturer Vrancart Adjud (VNC.RO) has received the shareholders' approval to increase its share capital by RON31.9 million.
Bookstore chain Carturesti ended last year with EUR75 million sales, an increase of 25% on the EUR60 million of 2022, its officials said.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, dropped to 6.13% on Thursday (Jan. 25, 2024) from 6.14% previously.
Romania's Finance Ministry raised RON720.7 million from banks on Thursday (January 25, 2024) selling benchmark government bonds with a nominal value of RON500 million due in April 2024, at an annual average yield of 6.31%.
Securitas, a global leader in security services, relocated its offices in Romania to @Expo office complex developed by Atenor in the Expozitiei area of capital city Bucharest.
Appointments of female board directors to Europe’s largest financial services firms declined seven percentage points year-on-year, as per the latest EY European Financial Services Boardroom Monitor, which reports that 44% of all appointments in 2023 were of women, down from 51% in 2022.
In 2023, the European Investment Bank Group signed new financing contracts for close to EUR88 billion for high-impact projects in EU policy priorities, including climate action, sustainable infrastructure, and healthcare, EIB President Nadia Calviño announced in Brussels on Jan. 25, 2024.
Findings from the latest CMS Emerging Europe M&A 2023/24 report, released on Jan. 25 in cooperation with EMIS, show the resilience of the Emerging Europe deals market as activity holds firm against a backdrop of geopolitical tensions and strong inflationary pressures.
Furniture producer Spectral Mobila has started building a logistic center near the plant it owns in Tutova, Vaslui county.
The balance between professional and personal life has become as important as wages for Romanian employees and just half of them believe a full-time job will be an ideal formula in the future, in line with the 2024 edition of Workmonitor Romania survey conducted by HR company Randstad Romania.
For a long time, local entrepreneurs in all the fields of the Romanian economy have had a cautious approach in business, preferring to anchor their businesses locally. Meanwhile, following the model of businesspeople in the West or even in countries in the region such as Poland, many of them have gathered the courage to expand abroad.
Eversted, the brand under which an air filter plant, as well as a mask one operate in Prahova county, will also develop starting 2024 on the hygiene segment and will produce wipes.
Nuclear power producer Nuclearelectrica has for 2024 budgeted RON1.3 billion net profit, down 47.8% from 2023, amid total revenues of RON4.66 billion, 41.7% lower, in line with the revenues and expenses budget set to be submitted to voting on February 28.20563 items