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Oil transmission company Conpet Ploiesti (COTE.RO), majority held by the Romanian government via the Energy Ministry, announced on the Bucharest Stock Exchange on Monday evening that shareholder Utilico Emerging Markets PLC notified it its stake had dropped below the 5% line to 4.99%.
Romania's finance ministry raised RON296 million on Monday (May 23), selling bonds maturing in 2026, at an annual average yield of 7.99%.
Romanian cybersecurity company SafeTech Innovations (SAFE.RO) on Monday said it registered a net profit of RON0.4 million in the first quarter of 2022, up 40% from the same period in 2021, in line with data released by company officials on Monday (May 23).
The European Commission has concluded that seven countries – Romania, Germany, Spain, France, the Netherlands, Portugal and Sweden – continue to have excessive imbalances, according to its spring edition of a report regarding the situation across European Union (EU) Member States.
The first small modular reactor project in the world will be built in Romania, in Doicesti (Dambovita County, southern Romania) Energy Minister Virgil Popescu announced on Monday.
Ion Stanciu, deputy general manager of river shipping company Transport Trade Services (TTS.RO), has bought shares worth RON308,000 (EUR62,000) in the company listed on the main market of the Bucharest Stock Exchange.
Law firm Wolf Theiss has recruited Dana Toma for the position of Counsel and Coordinator of the Real-Estate Practice in capital city Bucharest, and Ana-Maria Mustatea as Associate.
Unirea Shopping Center (SCDM.RO), which operates two retail centers in the cities of Bucharest and Brasov, on Monday said it registered a book loss of RON33 million in 2021, compared to a net profit of RON5 million in 2020, the company said in its financial report sent to the Bucharest Stock Exchange.
Alternative investment fund Agista, part of Impetum Group, is acquiring a 15% minority stake in Romanian company Eplus Smart Energy (Eplus).
The shares of fast-moving consumer goods (FMCG) distributor Aquila Part Prod (AQ.RO) will be included from June 20 in the FTSE Russell indices dedicated to emerging markets.
Romanian startup Flip.ro, a marketplace for the purchase and sale of refurbished mobile telephones, has raised a new funding round worth EUR6.5 million from eMAG Ventures – an investment fund created by giant online retailer eMAG, company representatives said in a statement.
Almost half of Romanians would like to buy a hybrid or electric vehicle (46%) in order to lower fuel costs and to protect the environment, according to Deloitte 2022 Global Automotive Consumer Study conducted across 25 countries around the world, including Romania.
The Board of Directors of Romania’s central bank has established a Payments Committee.
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, increased to 5.79% a year on Monday (May 23) from 5.71% on Friday (May 20), as per central bank data.
Omniasig, the biggest company part of Austria’s Vienna Insurance Group (VIG), in the first three months of 2022 posted a gross underwritten premium volume of over RON500 million, 40% more than in the same period of last year, according to information provided by the company’s representatives.
Farmaciile Medimfarm, one of the largest regional networks in pharm retail, ended 2021 with RON137 million turnover, up 7% from 2020.
Drug maker Infomed Fluids, with a production unit in Bucharest, ended 2021 with RON137.7 million, up 6% year-on-year.
In the first quarter of 2022, a little more than 70,000 square meters of new modern office spaces were delivered in Bucharest, driving the total amount to almost 3.3 million square meters.
Thermal-insulating panel producer Topanel of Ramnicu Valcea, controlled by a Cyprus company, reached RON336.1 million turnover in 2021, up 73% from the previous year.
2021 was the best of the past five years for Romania’s M&A market in terms of the number of sealed deals.19075 items