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After years of Mamaia and Navodari resorts being on the investors' list, with more than 50,000 apartments and hotel rooms built in recent years, now the focus of developers tends to shift to the southern seaside resorts - Neptun, Jupiter, Venus, Saturn and Olimp.
Romania’s Competition Council has approved a transaction whereby integrated mobility services provider Autonom Services is acquiring Tiriac Operating Lease (Premium Leasing SRL), in line with a stock market statement.
Freshful, an online hypermarket recently added to eMAG’s e-commerce platform group, has exceeded the threshold of 30.000 unique customers in the first six months of operations.
Romania’s new offshore law has been submitted to the Parliament on Friday, Energy Minister Virgil Popescu said.
Antibiotice (ATB), one of the most important Romanian generic drug producers, celebrates 25 years since its listing on the Bucharest Stock Exchange (BVB). The company’s shares have been trading on the Stock Exchange since April 16, 1997, under the ticker symbol ATB, in the Premium category.
Lender OTP Bank Romania is launching a new funding solution for the local agribusiness sector, named “Ceiling for financing agricultural crops.”
Fitch Ratings has downgraded Garanti Bank S.A.’s (GBR) Shareholder Support Rating (SSR) to ‘b’ from ‘b+’ and the GBR’s Long-Term Issuer Default Rating (IDR) was affirmed at ‘BB-‘ with Stable Outlook and Viability Rating (VR) at ‘bb-‘.
Romania’s largest electricity producer and the largest state-owned company is valued at RON50 billion (EUR10 billion) by the minority shareholder Fondul Proprietatea (FP.RO) in its latest valuation report (March) published on the Bucharest Stock Exchange on Friday.
Gral Medical Group, held by entrepreneur Robert Serban, plans to open a new oncology hospital in Prahova County, as well as new laboratories, and the total investment budget for 2022 stands at EUR10-15 million.
Deloitte Romania assisted Romanian natural gas producer and supplier Romgaz (SNG.RO) in obtaining the EUR325 million loan facility from lender Raiffeisen Bank.
Softbinator Technologies (CODE.RO), a Romanian software developer specializing in designing, developing and launching innovative products, has published its 2021 report and kept the budget estimates for 2022 as in the listing memorandum – RON26.7 million revenue and RON5.4 million net profit.
Romania’s Finance Ministry reopened a bond issue due in July 2029 and raised RON579.4 million from banks on Thursday, above the planned level of RON300 million, at an annual yield of 6.68%.
IT company Betfair Romania Development, based in the city of Cluj-Napoca, continues its growth plans on the local market, aiming to expand its team by 50% by the end of 2023 to reach the threshold of 1,500 employees who develop the global products of the Flutter Entertainment Group, which includes Betfair Romania Development.
MERO, a Romanian application for beauty salon appointments, on Thursday announced the acquisition of Logbox, a management system for beauty salons in Romania.
German-owned discount store chain Penny on Thursday said it ended 2021 with a turnover of RON5.39 billion, up 14% from 2020, and a net profit of RON123 million, up 44.8% on the year.
Austrian real estate developer S Immo said in a statement on Thursday that it reached an agreement to acquire the office project Expo Business Park in northern Bucharest from Portland Trust.
InteRo Property Development, a company held by the Topolinski Family of Canadian investors, plans to invest EUR54 million in two residential projects in northern Bucharest.
Inetum Romania, part of the French group of the same name, plans to expand its team and is looking to recruit 300 specialists in the country, the company said in a press release.
Cybersecurity solutions producer Bitdefender has invested over EUR50,000 in upgrading a computer lab for the students of the Faculty of Automation Control and Computer Science within the Polytechnic University of Bucharest.
Lender Banca Comerciala Romana (BCR) on Thursday announced the launch of the ADA chatbot, the virtual assistant that provides accurate and fast information for both retail and corporate activity.19075 items