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The European Commission on Wednesday approved the deal that changes the telecom market in Romania, the acquisition of Telekom’s fixed services division – formerly Romtelecom, by Orange, which will thus become a giant with fixed and mobile operations and almost EUR2 billion annual revenue.
Almost 3,100 local companies went insolvent in the first half of 2021, over 30% more than in the year-ago period.
OMV Petrom, the largest energy company in South-Eastern Europe, ended the first half of 2021 with sales revenue of RON10 billion, up 1% versus the same period in 2020, and a net profit of RON980 million, 13% higher than the level reported in the first six months of 2020.
The shares of Arctic Stream, an integrator of IT infrastructure and security in Romania, will start trading on the alternative trading system AeRO market, the equity segment of the Multilateral Trading System of the Bucharest Stock Exchange, on Thursday (July 29), under the ticker symbol AST.
Romania’s Competition Council has approved an operation whereby the European Bank for Reconstruction and Development (EBRD) is acquiring a part of the share capital of company Vestmoldtransgaz SRL.
Parcel delivery company Cargus is investing over EUR1 million in expanding its car fleet by 58 Ford vehicles until the end of 2021, through a partnership with Tiriac Auto, the licensed distributor of Ford brand.
Euroins Romania, the second largest insurance company on the local market, has rented 2,500 square meters in building A of the J8 Office Park project developed in capital Bucharest by real estate developer Portland Trust.
Romanian paving stone manufacturer Symmetrica of Suceava, owned by the Stanciu family, targets investments of EUR9 million in new production lines at five of its seven factories, with main focus on the lines for the manufacturing of sewer system elements, given the growing demand over the past years.
BestJobs Recrutare SA, the company that manages job recruitment platform BestJobs, debuted Wednesday (July 28, 2021) with its first bonds on the Bucharest Stock Exchange. The EUR3.3 million worth bonds are traded on the Multilateral Trading System of the stock exchange, under the ticker symbol JOBS26E.
The Board of Directors of Romanian state-owned gas natural transmission company Transgaz (TGN.RO) has appointed Ion Sterian to the position of General Manager and Marius Vasile Lupean to the position of Chief Financial Officer (CFO).
Fall crops – wheat, barley and rapeseed, have been harvested 60% to 90% and the average yield per hectare is the highest in a decade, Agriculture Ministry preliminary data show.
Ford Puma ended the first half as the best-selling Ford car in Europe, Ford Europe data show, which means the plant in Craiova was among the ones delivering most vehicles.
Automotive wiring manufacturer Fujikura Automotive Romania, the local subsidiary of Japan’s Fujikura group, posted RON127.9 million (EUR26.5 milion) revenue in 2020, a decrease of 47% year-on-year from the RON241.2 million (EUR50.9 million) revenue of 2019, ZF has found from Finance Ministry data.
French do-it-yourself retailer Leroy Merlin on Tuesday said that, starting July 2021, its entire portfolio of products is available in the online store, with delivery countrywide.
Digi Communications (DIGI.RO), a telecommunications operator listed on the Bucharest Stock Exchange and held by billionaire Zoltan Teszari from Oradea, said Tuesday in a stock market report that its subsidiaries in Romania and Spain concluded contracts worth a total EUR232 million with a syndicate of banks, which will be used for working capital and investments.
Zebra Pay, the leader of the local ATM market, with over 5,700 SelfPay payment stations nationwide, has listed bonds worth EUR3 million on Tuesday (July 27).
Romania’s central bank (BNR) was designated by the European Union to coordinate, jointly with the Netherlands' Central Bank and the Bank of Lithuania, the implementation of a project targeting the financial sector in the Republic of Moldova.
Silviana Petre Badea, managing director of real estate consulting firm JLL Romania, has been appointed Deputy Head of CEE Capital Markets, while continuing her role as country head of Romania.
Investment funds cashed just EUR44 million in 2020 from the exits conducted in Romania, the lowest amount since 2014, per data from the Invest Europe-EDC reports drawn up in partnership with law firm Gide.
Romania's general consolidated budget posted a deficit of RON33.81 billion in January-June 2021, or 2.96% of the gross domestic product, lower than RON45.17 billion, or 4.28% of GDP, in the first six months of 2020, when the economy was mostly shut down by the pandemic, per finance ministry data.18957 items