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Romanian nuclear power plant operator Nuclearelectrica (SNN.RO) on Friday (Dec 9) announced that nuclear reactor 1 at the power plant in Cernavoda would be shut down in a controlled manner on the morning of December 11, 2022.
An integrated team of consultants specialized in transactions, tax and legal services of PwC Romania and D&B David si Baias assisted Turkey’s Memorial Healthcare group with the acquisition process of the Monza Oncology Hospital within the Enayati Medical City in Bucharest.
Romania’s Competition Council has approved an operation whereby Complexul Energetic Oltenia (CEO) and Tinmar Energy jointly establish a company in order to set up a Combined Cycle Gas Turbine - CCGT.
Net investments in the Romanian economy grew by 13.3% in the third quarter of 2022 compared with the same period in 2021, up to RON39.356 billion, data from the country's statistics board showed Friday.
Romgaz during the general meeting of Thursday approved an increase in the credit facility limit by RON70 million, namely from RON350 million to RON420 million, and the one-year extension of the contract sealed with BCR.
Romanian pharmaceutical manufacturer Antibiotice Iasi is opening a new plant, in the wake of a EUR20 million investment, with a 50% higher production capacity than the existing unit.
La Placinte restaurant chain now has four own restaurants in Bucharest and a franchise in Iasi after the company has in recent years reshuffled its Romanian network, which had reached 12 units at its best moment. The company’s officials say they plan no further shutdowns, eyeing a period of already existing business stabilization.
Industries Yield, part of Italy’s Moncler, currently has 327 jobs available for the plants it owns in Bacau county.
Euroins Romania, leader of the local third-party motor vehicle insurance (RCA) market, is going ahead with another RON100 million capital raise planned for the company’s development and the strategy is further focused on the non-RCA area, Kiril Boshov, CEO of Euroins Insurance Group (EIG), the Bulgarian group Euroins Romania is part of, told ZF.
Turda-based precast concrete product maker ASA CONS, the builder of the MDF plant of Oarja (near Pitesti) - a EUR150 million project of Turkey’s Yildiz Entegre-, estimates a total turnover of almost EUR31 million for 2022.
Romanian start-up Nestor, which developed a “people intelligence” platform, has reached total investments of almost EUR2.2 million after announcing recently that it attracted an investment of EUR2 million from Eleven Ventures (lead investor), Underline Ventures and several business angels from San Francisco.
Geological prospecting company Prospectiuni Bucuresti (PRSN.RO) has announced in a stock market report on Dec 8 the conclusion of a contract for the provision of 2D and 3D seismic prospecting services.
Romania's finance ministry raised RON779 million on Thursday (Dec 8) through two government bond issues, at annual average yields of 7.8% and 6.99%.
IULIUS Group has opened the second Family Market project, in the Bucium neighborhood in the city of Iasi.
The integration of the company Tiriac Leasing into Banca Transilvania (BT) Financial Group will be completed on Thursday (Dec 15) and BT Leasing -Tiriac Leasing will become a single company under the name of BT Leasing.
Accor hotel group is expanding its portfolio by signing a new franchise contract for a hotel which will operate under the Mercure brand in Bacau.
FAN Courier, the leader of the courier services market in Romania, expects to end 2022 with a turnover of over RON1.1 billion, up 10% from the level recorded in 2021, amid a year full of challenges and uncertainty with direct impact on the company’s turnover.
The average net salaries for the most sought-after jobs in the banking sector increased by 4% to 46% between 2018 and 2022, in line with data from Undelucram.ro, an online community of employees in Romania.
Real estate investors and developers active in Romania plan to expand their local portfolios over the next three years despite pressures stemming from various factors such as inflation, increasing financing costs, the geopolitical situation and also increasing construction costs, according to the first edition of the Cushman & Wakefield Echinox’s “Real Estate Investors Sentiment Barometer”.
Euroest Car, a Romanian company specializing in car part import and distribution, has leased 9,500 square meters in industrial park CTPark Chitila, developed by CTP in north-western Bucharest.19080 items