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The Romanian Government and property restitution fund Fondul Proprietatea, the two shareholders of Romanian state-owned hydropower producer Hidroelectrica, approved the appointment of legal and equity consultants for listing the company's shares on the Bucharest Stock Exchange only.
Romania's central bank on Tuesday (May 10) raised its benchmark interest rate to 3.75% a year from the current rate of 3% a year, starting May 11, 2022.
Romanians are worried about the future economic situation, therefore, an overwhelming proportion say they intend to save more (68%) and invest in education (22%), as per the latest Future Consumer Index survey by EY Romania conducted at end-April 2022.
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 5.21% a year on Tuesday (May 10), the highest level of the last nine years.
Romanian cybersecurity company SafeTech Innovations (SAFE.RO), listed on the AeRO market of the Bucharest Stock Exchange, on Tuesday announced the appointment of a Board of Directors.
Various economic conditions, support measures and legal changes have affected insolvency trends in the Central and Eastern Europe (CEE) region over the last two years. The COVID pandemic triggered an economic downturn, with a 4% drop to regional growth.
Coca-Cola HBC Romania has appointed Marko Andrić to the position of Sales Director, starting April 2022, company representatives said Tuesday.
The number of real estate deals in Romania stood at 53,225 in April 2022, 18,898 fewer than in March 2022, data from the national cadaster agency ANCPI showed Tuesday.
Studium Green, a real estate developer of Cluj owned by businessman Dorin Bob, took over a portfolio of 100 properties from Immobiliare Italo Romena, the subsidiary of former Italian bank Veneto Banca, which is undergoing a compulsory administrative liquidation process.
Romanian-held Arxia, a company with 20-year expertise in the creation of IT solutions and digitalization consulting, plans to double its number of employees during 2022, in a bid to meet rising demand.
Agricola Bacau group, a major player on the poultry meat market in Romania, also a producer of cold cuts and ready-meal items and eggs, aims to increase its turnover by 11% in 2022 despite challenges related to soaring costs.
Fiberglass mesh producer BICO Industries, part of building materials holding ROCA Industry, wants to access state aid to expand its current product portfolio.
CER Cleaning Equipment in Arges County, the company that Germany’s Kärcher uses for its Romanian manufacturing operations of, posted RON575 million revenue in Romania in 2021, an increase of 54% on the previous year. The revenue almost doubled compared with 2019.
Romania's finance ministry raised RON517 million on Monday (May 9), above the planned level of RON300 million, selling bonds maturing in 2032, at an annual average yield of 7.92%.
Cluj-based Clever++, which developed ecommerce platforms Magento and Shopware, has concluded a partnership with digital marketing agency Gun Media to provide online sales solutions for medium and large companies.
The Romanian subsidiary of the European IT group Cegeka ended 2021 with growth of 18% in revenue and expects growth of 28% for 2021. It also plans to hire at least 200 people in Romania and 75 in the Republic of Moldova, the company said.
The turnover of recycling companies in Romania could reach RON13 billion (EUR2.6 billion) in 2022, which would translate into an increase of 2.36% compared to 2021, in line with an analysis released by KeysFin.
Dent Estet Group, part of the MedLife Medical System, ended 2021 a turnover of RON107.6 million, a 60% increase compared to RON67.1 million in 2020, according to data provided by company representatives.
Romania's state-owned postal operator Posta Romana (CNPR) and Auchan Retail Romania concluded a partnership to sell food and non-food products within post offices across the country.
Huawei, a leading global provider of information and communications technology (ICT) infrastructure and smart devices, extends its lease contract for an additional office space of 1,000 square meters within the Globalworth Tower in capita city Bucharest.19075 items