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Romanian natural gas producer and supplier Romgaz (SNG.RO) said on Wednesday that it signed a bank loan agreement with Raiffeisen Bank in the amount of EUR325 million which covers a part of the price for the acquisition of the stake held by US’ Exxon in the Neptun Deep gas exploration and drilling project in the Black Sea.
UK’s Kingfisher, which owns the Brico Depot DIY stores in Romania, saw its local sales increase by 15% in 2021 versus 2020, to GBP279 million (almost EUR335 million), in line with Kingfisher’s annual report.
Interior design company Chairry Design & Furniture had a turnover of EUR1.1 million in 2021 amid an effervescent market on the furniture and interior design segment in Romania, especially in the hospitality sector which saw a fast recovery in the post-pandemic context.
Sadalbari SRL, the majority shareholder of Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO), said in a stock market report that it acquired MCAB shares worth almost RON2.7 million, within four trading sessions held on March 24, 25, 28 and 29, 2022.
Bucharest Stock Exchange system processed RON351.1 million funding for BCR bonds (BCR27.RO) on March 29, 2022, which means the second largest bank in Romania sold bonds to investors, among which Pillar II pension funds and is preparing to the bond issue listed soon.
Romania’s Competition Council is looking into a transaction whereby Dan Ostahie is acquiring Porsche Bank Romania S.A.
Romanian fintech FLOWX.AI on Tuesday announced it entered a technological partnership with robotic process automation startup UiPath which will enable the development of customer and employee experiences at unprecedented speed.
Law firm Filip & Company has assisted Tiriac Imobiliare in the sale of a plot of land of 14.5 hectares in the locality of Dumbravita (Timis County) to do-it-yourself (DIY) retailer Dedeman.
Arctic Stream (AST.RO), a Romanian-held company, an integrator of IT infrastructure and security in Romania, is summoning its shareholders on April 27 to approve the distribution of a gross dividend of RON0.8 per share, respectively the payout of dividends worth a total RON3.35 million from its 2021 net profit of RON4.37 million.
Mihaela-Simona Nadasan, Deputy CEO at lender Banca Transilvania (TLV.RO), on Monday (March 28) sold 175,000 shares of the bank, at an average price of RON2.47 per share, with the total value of deals carrying out on the Bucharest Stock Exchange reached RON433,650, as per calculations by Ziarul Financiar (ZF) daily based on a stock market report.
The Bucharest Stock Exchange published on Tuesday (March 29) the volume “Made in Romania: 15 companies for the growth of the Romanian economy and their success stories” and kicks off the fifth edition of Made in Romania.
Prime Kapital, a real estate developer and investor active in Central and Eastern Europe, has finalized a EUR125 million green loan agreement with a group of banks through its joint venture with MAS plc, a Johannesburg Stock Exchange-listed real estate investor.
Seven out of ten companies active in Romania have resorted in the last year to stress and anxiety management programs, according to K.M.Trust & Partners data.
The current generation of entrepreneurs is less willing to hand over control of their companies to their heirs than they were before the pandemic. That is making it harder for the next generation (NextGen) to prove themselves as new leaders, according to PwC’s global NextGen Survey 2022.
Under the pressure of the pandemic and the economic tensions generated by the crisis in Europe, Romania’s chief executive officers (CEOs) must find ways to keep their companies in balance, from reshaping portfolios to redefining their organization’s entire ecosystem.
Following its Annual General Meeting of Members (AGM), held on March 23, 2022, the American Chamber of Commerce in Romania (AmCham Romania) has announced its new Board of Directors for the March 2022 – March 2023 mandate.
Smartree Group, the strategic partner that offers integrated human resources services and software solutions, on Tuesday said it ended 2021 with a turnover of RON123 million, up 17% on the year, and a profit of RON5.3 million, up 35% from 2020; the increase is partly due to the new technology innovation division of for HR processes.
The Bucharest Stock Exchange announced that Brikston Construction Solutions returns on the capital market as an AeRO Listed Company on Tuesday, March 29.
Financial analysts expect the Romanian leu will depreciate to an average of 5.1029 units to the euro in the next 12 months, while inflation is seen averaging 7.28% during the same period, a monthly poll by CFA Romania showed Tuesday.
Destine Holidays, part of Destine Holding, a group of firms with EUR130 million turnover, controlled by Romanian entrepreneurs, plans to open three new branches by end-May and thus reach 12 units, but the company’s representatives plan to increase their number fourfold by 2024.19075 items