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Telekom Romania Mobile, the fourth mobile telephony operator in Romania, has made a surprise move: it launched 5G services, although it did not participate in last year’s 5G auction held by Romania’s communications market watchdog. Telekom’s new 5G services use the existing radio spectrum, the company said in a notification to its customers.
The Bucharest office space rental market was dominated by companies in the IT&C sector in the first quarter of 2023, accounting for 19% of the newly leased area, as per an analysis by real estate consulting firm ESOP Consulting.
Real estate developer Impact Developer & Contractor notified the Bucharest Stock Exchange on Tuesday evening that entrepreneur Gheorghe Iaciu, who owns almost 58% in it, requested that new items be added on the agenda of the General Meeting of Shareholders on April 27, 2023, one of which is the approval of an up to EUR20 million or equivalent bond issue.
The International Monetary Fund (IMF) has revised the real economic growth projection for Romania downwards to 2.4% from the 3.1% estimated in the fall, its latest `World Economic Outlook’ report released on Tuesday shows.
SIF Oltenia (SIF5.RO) has notified the capital market of the start of the steps to sell its 8.57% stake in hotel company Baile Tusnad (TSND.RO), which manages two hotels in the spa town by the same name.
Altex, the leader of the Romanian electro-IT market and one of the three leading Romanian entrepreneurial companies, announces a capital increase of over RON125 million for Cometex, the real estate division of Altex Group.
Romania’s finance ministry will be launching new government bond issues for the general population only, starting Thursday (April 12, 2023), through the TEZAUR program.
German-held discount retailer Lidl Romania continues for the ninth consecutive year its partnership with insurance company SIGNAL IDUNA, offering health insurance policies to its 10,500 employees.
Regardless of age, the main sources of work-related stress are closely tied to the relationship with management. Generation Z respondents (aged 18 to 25) most often report poor and unpleasant communication with their superiors, as per the findings of an online survey conducted at end-Feb 2023 by The Mind Clinic and research company Cult Research.
A new EY survey of more than 200 companies across 15 countries in Europe has identified a critical link between effective board-level sustainability governance and business performance.
Ionut Baciu takes over the role of Natalia Man as the new deputy general manager of PAID (the Pool of Insurance against Natural Disasters) Romania after getting the approval of the Financial Supervisory Authority (ASF), as per data provided by PAID.
Nine out of ten organizations (91%) reported at least one cyber incident or breach last year, according to Deloitte 2023 Global Future of Cyber Survey, and more than a third (38%) between six and ten events.
Agricover group, leader of Romania’s agribusiness market, controlled by businessman Jabbar Kanani, wants to list on the Bucharest Stock Exchange via an IPO that will include a maximum number of 145,436,236 new ordinary shares issued by the company as a part of a share capital increase, as well as up to 800,622,551 existing ordinary shares held by its current shareholders, Mr. Jabbar Kanani and the European Bank for Reconstruction and Development (“EBRD”).
Constructions company Masterbuild has built a14,500-sqm warehousing hall in Stefanesti-Ilfov within the logistic park owned by VGP group, with the new space set to be leased by companies operating in fields such as distribution and logistics.
Rompetrol Well Services, the oil services arm of Rompetrol, aims for RON8.8 million net profit in 2023, 238.5% higher than last year’s RON2.6 million level, in line with the revenues/expenses budget set to be submitted to shareholders for approval.
The top five actors on the large home appliances market account for almost 75% of sales together, ZF has found from Euromonitor data.
Finnish-held investment fund KJK Balkan Holding, which owns 10.7% in Rompetrol Well Services (PTR.RO), has requested that two new items be put on the agenda of the Ordinary General Meeting of Shareholders on April 26, 2023.
Novaservis Ferro Group, the subsidiary of Poland’s sanitary ware and heating solutions provider Ferro Group, which has a regional presence in Central and Eastern Europe and manufacturing facilities in Poland and Czech Republic, has taken out a EUR15 million two-year loan from BRD.
Romania's Finance Ministry raised RON304.6 million from banks on Monday (April 10) selling bonds maturing in October 2026, at an annual average yield of 7.21%.
The Romanian mergers and acquisitions (M&A) market recorded 57 transactions in the first three months of 2023, excluding transactions with stakes acquired that are below 15%, which is a deal volume equal to that recorded in the first quarter of 2022, as per an analysis by consulting firm EY.19080 items