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Law firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted ExxonMobil, one of the world’s largest publicly traded international oil and gas companies, in finalizing the sale of its 50% ownership stake in the Neptun Deep offshore block in the Black Sea to Romanian natural gas producer and supplier Romgaz (SNG.RO) .
Raiffeisen Bank generated net profit worth RON602 million in the first half of 2022, up 50% from the year-earlier period, on soaring lending and a significantly improved risk profile.
Parcel delivery company DPD Romania, one of the largest courier services companies in Romania, has leased 3,500 square meters of warehousing space in VGP Park Arad logistics project located close to A1 highway, in a deal handled by the industrial department of real estate consultancy Cushman & Wakefield Echinox.
New passenger car registrations in Romania in July 2022 declined by 21.9% from July 2021, to 12,099, according to the association of car manufacturers in Romania (ACAROM) and Romania’s General Directorate for Driving Licenses and Car Registration (DRPCIV).
Car parts producer Coindu Romania, part of Portuguese group Coindu, for 2021 reported RON234.7 million (EUR47.7 million) turnover, down 34.6% from 2021.
British paper packaging producer DS Smith announced it completed the construction of a waste water treatment plant at its paper mill of Zarnesti, the biggest paper production unit in Romania.
International Lazar, specialized in freight transportation, controlled by entrepreneur Ion Lazar, aims to generate 20% higher turnover by yearend, from the RON203.6 million (EUR42 million) level posted last year, according to the company’s officials.
FAN Courier, leader of Romania’s courier services market, a company founded in 1998 by Felix Patrascanu, Adrian Mihai and Neculai Mihai, with RON1 billion turnover in 2021, ended the first half of 2022 with a slight turnover increase as online sales growth has slowed.
Romania’s Competition Council is looking into a transaction whereby Golden Foods Snacks, which owns the ELMAS brand of seeds, nuts and dehydrated fruits, seeks to acquire Derpan from Tecuci (Galati County), a bakery & pastry factory held by Victor Ancuta.
Romania's finance ministry raised RON1.3 billion on Monday (August 1) from banks via two government paper auctions at annual average yields of 8.20% and 8.22%.
Romania's foreign exchange reserves increased to EUR48.51 billion in July 2022 from EUR47.82 billion in June 2022, central bank data showed on Monday (August 1).
RCS & RDS and its subsidiary DIGI Spain Telecom S.L.U have contracted a five-year term loan of EUR128 million which will be used to finance the expenditure on the Spanish market.
Romanian natural gas producer and supplier Romgaz (SNG.RO) on Monday (Aug 1) announced the completion of the acquisition transaction and the transfer of all shares representing 100% of the share capital of US’ ExxonMobil Exploration and Production Romania Limited (EMEPRL) which holds 50% of the acquired rights and obligations under the Petroleum Agreement for the Deep Water Zone of Neptun XIX offshore Block in the Black Sea.
Romanian natural gas producer and supplier Romgaz (SNG.RO) on Monday (Aug 1) said in a stock market report that it placed with state-run lender CEC BANK a term deposit in the amount of RON70 million, without auto-renewal option.
Law firm Tuca Zbarcea & Asociatii advised MOL Romania Petroleum Products on all legal matters regarding the design, authorisation and execution phase of the service stations located on the A2 Motorway.
With a score of 30.6 points, Romania lags behind all other EU Member States, according to the European Commission's 2022 Digital Economy and Society Index (DESI) which tracks digital progress in the European Union. The EU average is 52.3 points.
Chimcomplex, Romania's largest chemical plant with industrial sites in Onesti and Ramnicu Valcea, on Monday announced a new structure of its Board of Directors that will lead to streamlining and improving the decision-making process within the company and corporate governance.
Romania’s unemployment rate stood at 5.3% in June 2022, lower by 0.1 percentage points than 5.4% in May 2022, data from the country’s statistics institute INS shows on Thursday (June 30).
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, has grown to 8.01% a year on Monday (August 1), higher by 4 basis points than the 7.97% level reached on Friday (July 29), as per central bank data.
Lender Banca Comerciala Romana (BCR) in the first half of this year posted net profit worth RON1.04 billion (EUR210.7 million), up 50.9% from the RON690.8 million (EUR140.9 million) reported in the same period of last year, owing to improved operating performance supported by soaring lending activities.19080 items