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EximBank and Baia Mare-based entrepreneurial company Trencadis, specialized in the provision of IT integration solutions and services, have concluded a financial agreement worth RON60 million, a facility that will be used to finance the expenses related to the implementation of a contract for the EDULIB educational platform.
Romania’s Energy Minister Virgil Popescu received on Wednesday, during a visit to Egypt, from the President of US Exim Bank, Reta Jo Lewis, the letters of intent for two loans worth $50 million and $3 billion, respectively, for the construction of two new reactors at the Cernavoda nuclear facility in Romania.
Michal Mrowiec, the current Sales Vicepresident of Kompania Piwowarska, will take over the role of President of Ursus Breweries starting with January 1, 2023, after Paul Barnetts' decision to return to his home country, Australia.
Romania's trade balance posted a deficit of EUR25.06 billion in January-September 2022, higher by EUR8.3 billion compared with the first nine months of 2021, data from the country's statistics board INS showed on Wednesday.
Teilor, the luxury jewelry store chain with bonds listed on the Bucharest Stock Exchange, continues to expand in Poland by opening a new store, in Wroclaw, thus reaching a portfolio of 13 units outside Romania.
Alpha Bank, among the ten largest banks by assets in Romania, in the first nine months of 2022 generated profit before tax worth EUR36.7 million, 82.5% higher than in the year-earlier period.
Peter De Boer, a member of the managing board of DN Agrar Group, made up of 15 companies with a total of 10,000 bovines and working 10,000 hectares of land, says the group’s intention had been to grow more rapidly in Romania via acquisitions, but as there are not many large farms locally it can only grow organically, by building new farms.
Bicycle producer Eurosport DHS, controlled by Chinese and German investors, says the local market declined by 5-6% in the first half of this year from the year-earlier period amid the low demand from buyers as compared with previous year.
Hotel company Ana Hotels, one of the largest domestically, operating Athenee Palace Hilton and Crowne Plaza hotels of Bucharest, but also seaside and Poiana Brasov hotels, will in 2022 reach 91% of 2019 turnover.
Luca de Meo, Renault Group CEO, stated during the Capital Market Day conference he banks on boosting the profitability of Dacia brand, which, beside Bigster will launch another two new compact models in the next two years.
The management of One United Properties (ONE.RO), the leading real estate investor and developer of sustainable residential projects in Romania, has informed the capital markets of the receipt of planning permission for Phase 1 of One Lake Club.
The management of One United Properties (ONE.RO), the leading real estate investor and developer of sustainable residential projects in Romania, has informed the capital markets of the receipt of planning permission for Phase 1 of One Lake Club.
Technology company Life is Hard (LIH.RO) posted RON18.5 million revenue in January-September 2022, an increase of 15.53% on last year's figure.
Romania's central bank has decided at its board meeting on Tuesday (November 8), its eighth and last monetary policy meeting of 2022, to raise its benchmark interest rate by 0.50% to 6.75% a year from the current rate of 6.25% a year, starting November 9.
Turbomecanica (TBM.RO), the only local manufacturer of gas turbine engines and mechanical assemblies for aircraft, announced on the Bucharest Stock Exchange a net profit of RON2.5 million in the first nine months of the year, 42% lower than the RON4.3 million in the year-ago period.
After four quarters of solid performance, activity in the office space market slowed down in the third quarter of this year, a Colliers analysis shows.
Stradale, a chain of restaurants with menus created by Chef Foa, has rented an 827-sqm area in U-Center, an office project developed by Forte Partners in Bucharest’s Tineretului area.
2Performant, the main player on Romania’s affiliated marketing market, reported RON23.7 million turnover in the first nine months of 2022, up 43% from the year-earlier period.
Finas Group, a Cluj-based company operating on the green power, has partnered, in a joint venture, with DTEK Renewables International, the main private energy investor of Ukraine, in a bid to develop several renewable energy projects worth EUR150 million.
Retail turnover, a barometer for private consumption, declined by 3.6% in gross series in September from August amid falling sales of foodstuffs, beverages and tobacco (by 8.3%, fuel (by 2.2%) and non-food items (by 0.4%), in line with data from the country’s statistics board INS.19750 items