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Romania and the Republic of Moldova share a rich cultural heritage, the same language, and a long history of mutual support and cooperation. These common roots provide a solid foundation for the economic partnership between the two countries, which has seen significant progress over the years.
Global consultancy Kearney has released the fifteenth edition of its annual European Retail Banking Radar, which tracks the performance of 89 retail banks across 21 European markets.
Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0274 units per euro in the next 12 months, while the anticipated rate of inflation will hit an average value of 8.96%, close to the value of the February forecast.
Arobs Transilvania Software, the biggest technology company listed on the Bucharest Stock Exchange, has entirely taken over Future WorkForce Global (FWF) group of Cluj-Napoca, specialized in providing complex business process automation solutions.
Sipex, a major building materials wholesaler in Romania, has sealed a strategic partnership with TeraPlast, via which it will expand the portfolio of products sold through the 12 logistic centers.
SoftOne Romania, the local subsidiary of Greek software solution provider of the same name, has in view a more aggressive development on the local market in the coming period, both via organic growth and acquisitions of local players.
French-held Carrefour group will take over rival Cora’s operations in Romania in the largest deal in local retail in the last few years, put at EUR70 million to EUR90 million, several sources told ZF. The two parties had not returned ZF’s calls for comment on the agreement and the motivation behind the sale and acquisition by the time the story was ready for posting.
Sustainable residential, office, and mixed-use real estate project developer One United Properties on Tuesday held the General Meeting of Shareholders, which approved distribution of the second tranche of dividends from the 2022 profits, the 2023 budget and reelected the current members of the Board of Directors, among others.
Nestlé Romania, one of the largest players on the food and beverage market, saw a 21% organic sales growth across its ten product divisions.
A&D Pharma Group, with a history of almost three decades, being established in 1994, is changing its name to Dr. Max Romania.
Agribusiness company Agroserv Mariuta S.A (MILK.RO)., which owns the Laptaria cu Caimac brand, on Tuesday notified the Bucharest Stock Exchange of changes in its management.
Poland’s Resource Partners, one of the leading regional managers of private equity funds, said on April 25 that Romania would be the main market for the investment company’s third fund, which aims at a size of EUR150 million.
The hydrocarbon production of Romgaz (SNG.RO), the second largest oil company in Romania declined by 5.4% from 8.45 million to 8.07 million barrel of oil equivalent in the first quarter of 2023 compared with the year-ago period, the company’s report to the Bucharest Stock Exchange published on Tuesday shows.
Financial investment company SIF Banat-Crisana (SIF1.RO) has announced that during the trading period of May 4-5, 2023 the shares listed under the ticker symbol SIF1 will be suspended from trading at the Bucharest Stock Exchange as part of the process of changing the company's name to Lion Capital.
Nuclear power producer Nuclearelectrica (SNN.RO) placed with Exim Bank a term deposit without extension in the amount of RON130.14 million, the company informed its shareholders and investors via a report to the Bucharest Stock Exchange on Tuesday, April 24.
Global real estate professional services firm JLL (NYSE: JLL) and iO Partners have announced on April 25 that JLL will transfer to iO Partners its existing Leasing, Capital Markets, Valuation Advisory, Consulting and Project Management delivery businesses to iO Partners in the Czech Republic, Hungary, Romania and Slovakia.
Seed producer and processor Germina Agribusiness (SEOM.RO), controlled by regional investment fund SIF Muntenia (SIF4.RO), reported a turnover of RON2.3 million in 2022, down over 90% from RON35.4 million in 2021, as per calculations by Ziarul Financiar (ZF) daily based on data from the company’s annual financial report.
Law firm Filip & Company assisted RCS & RDS S.A., part of the Digi group, in the signing of a senior loan facility agreement that consists of a term loan facility of EUR150 million, a revolving credit facility of up to EUR100 million and one or more incremental facilities not exceeding an aggregate of EUR250 million for up to five years.
Most employees in Central and Eastern Europe (CEE) say they would need a 20-30% pay rise to cope with inflation, but between 60-77% say they have not been told of any increase by employers, as per a regional survey by Undelucram, one of the leading employee community networks in CEE.
Amid economic instability, unforeseen social and geopolitical events, and a global shortage of experts across all major business areas, companies face an increasing need for efficient strategies that ensure operational sustainability, as per a study by WEBCON, the leading European-based provider of a complete Low-code Application Platform for mass delivering business solutions.19080 items