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MedLife Group, the leader of the private medical services market in Romania, announced on Wednesday (June 29) the acquisition of the majority stake of 80% of the shares of SC M-Profilaxis SRL, one of the top polyclinics in Timisoara (western Romania).
Romania's nuclear power producer Nuclearelectrica (SNN.RO) on Wednesday (June 29) announced that the works related to the planned outage of Cernavoda NPP Unit 1 were completed, and Unit 1 was connected to the National Power System on June 28, 2022, reaching nominal power on June 29, 2022.
The Romanian Pool of Insurance against Natural Disasters (PAID) has started procedures to raise its share capital to RON77.37 million from RON19.34 million by incorporating the reserves stemming from the profits undistributed in the previous years.
Romania’s energy ministry on Wednesday said announced the launch of the competitive procedure – state aid scheme with the objective of supporting investments in capacity building for the production of green hydrogen in electrolysis plants.
Romanian software solution provider Wizrom Software ended 2021 with a turnover of over EUR6.3 million, up almost 8% from 2020, company representatives said in a statement.
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 increased to 6.41% a year on Wednesday (June 29) from 6.28% on Tuesday (June 28), as per central bank data.
Teilor, a luxury jewelry store chain present in Central and Eastern Europe, has budgeted RON27 million investments for 2022 to open new units, improve existent stores and clients’ omnichannel experience.
Spartan, the restaurant chain founded by businessman Stefan Mandachi, sealed an agreement to take over five of Taksim units of Bucharest, for EUR1 million, and is in advanced talks to also buy the other three Taksim units of the capital city.
Financial analysts part of CFA Romania association expect the Romanian leu to decline to an average of 5.1125 units to the euro in the next 12 months, while the estimated inflation rate will hit on average 9.50%, a new all-time high since the launch of the monthly poll CFA has conducted for over ten years.
Cora retailer, the smallest player in the local food retail field by the number of stores and turnover, is remodeling its hypermarkets of Bucharest and one of Constanta, downsizing them and reconfiguring product ranges in what seems to be a first major move on the segment of large stores.
Interior design company Chairry Design & Furniture is leasing a 240-sqm space in UpGround compound owned by international investor Globalworth, in northern Bucharest.
The bad debt held by Romanian banks amounted to EUR3.4 billion last year and EUR339.5 million worth of unsecured retail and corporate loan portfolios were sold on the Romanian market, debt collector Kruk data show.
Romanian Tech Startups Association (ROTSA), in partnership with Techcelerator and Rōnin, launched Startup Reaktor, an incubation platform for technology startups in Central and Eastern Europe (CEE).
The European Investment Bank (EIB) on Tuesday announced a EUR97 million co-financing to support the resilience of Romanian Black Sea coast to erosion and floods.
The first commercial exchanges with electricity with Ukraine and the Republic of Moldova, after the synchronization with the European network, will be carried out starting Thursday (June 30), on the interconnection with Romania, according to Romanian state-owned power grid operator Transelectrica (TEL.RO).
Startup firm InstantSpace has launched its automated booking platform that makes booking of venues and services easy and instant.
The increase in construction costs will influence the delivery rate of new office space projects, with many real estate developers preferring to delay construction works to see to what extent the extra cost can be absorbed by higher rents, real estate consulting firm Colliers said in an analysis.
For the third month in a row, the European Commission is revising its forecast downwards for Romania's winter crops, including the grain production, while increasing at the same time its forecast for the country's sunflower crop.
Banca Transilvania, Romania’s largest lender by assets, has revised upwards the country’s economic growth forecast to 3.8% in 2022, from its previous projection of 3.5%, and versus the 2.9% forecast of the Ciuca government.
While the majority of organizations that use artificial intelligence (AI) are still experimenting with the technology, only 12% are using it at an AI maturity level that achieves a strong competitive advantage, according to new global research from Accenture.19080 items