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Shareholders of construction materials producer TeraPlast (TRP.RO) have approved company plans to grant EUR45 million worth of dividends (RON226.6 million) and distribute free shares.
Audit, tax and advisory services company Mazars Romania posted RON43.7 million revenue last year, an increase of 25% year-on-year from the RON34.9 million of 2019, the company said in a reply to ZF’s questions for a new edition of the `Cei mai mari jucatori din economie’ (Key players in the economy) yearbook.
There is a lot of room for growth on Romania’s computer and electronics market because some brands are not sold in this country even though they are internationally famous, says Alexandru Stoinea, country head of consumer business with Asbis, a wholesaler of electronics, home appliances and computer products.
Financial analysts expect the Romanian leu will depreciate to over 5 units to the euro in the next 12 months (June 2021-June 2022), while inflation is seen averaging 3.75% during the same period, a monthly poll by CFA Romania showed Monday.
CTP, the largest developer and long-term manager of industrial and logistics parks in Romania and Central and Eastern Europe, has decided to speed up construction plans started this year.
Romanian IT solutions integrator and training provider Bittnet Systems (BNET.RO) announced Monday it has signed an agreement to acquire 20% of Czech IT company DataScript for EUR275,000.
Agroland (AG.RO), the most extensive farming store chain in Romania held by businessman Horia Cardos, has opened its seventh MEGA store this year and 12th in total. The unit has 677 sqm and cost EUR0.5 million excluding stock.
Romanian state-owned power grid operator Transelectrica (TEL.RO) said Friday supervisory board members have appointed Bogdan Toncescu as interim CEO for a four-month period starting June 25.
Aston Martin director of design Miles Nürnberger has left the British brand after 13 years to take up a similar role at Dacia starting September 1.
Agricultural cooperative Cooperativa agricola integrata Tara Mea ended 2020 with a turnover of RON153 million, up 3.6% from 2019, per data from financial analysis platform Confidas.ro.
OSCAR Downstream, the largest independent player on the Romanian oil market, on Friday said it had invested EUR50 million in its business development over the last five years and seeks to expand on the long term.
Aqua Bilbor, the producer of carbonated and non-carbonated water brand Izvoarele Calimani, targets investments of nearly EUR10 million to develop its business over the next two years, in order to reach a production capacity of over 100 million liters per year at the end of 2023, per company data.
The bonds issued by Nemo Express, one of the largest courier services companies in Romania, will start trading on the Multilateral Trading System (MTS) of the Bucharest Stock Exchange on June 28, under the ticker symbol NEMO23E.
Ameropa Grains, one of the largest grain traders in Romania, posted RON3 billion revenue in 2020, down 19% on the previous year, ZF has calculated from the data the company supplied.
The ten largest companies in Romania to go insolvent in 2021 posted almost RON2 billion revenue last year and four of them even made profit.
The Foreign Investors Council (FIC), which includes over 120 multinational companies, has decided on a new executive team, led by Cristian Secosan, CEO of Siemens Romania and Moldova, as FIC president for the 2021 – 2022 mandate.
Porcelain products manufacturer and IKEA supplier Apulum Alba Iulia had a turnover of RON148.6 million in 2020, 12% lower than in 2019, finance ministry data showed.
More than half of global consumers (54%) have become more focused on saving and more price-oriented (56%) in the last nine months, according to PwC’s Global Consumer Insights Pulse Survey conducted in June.
Romania's finance ministry on Thursday raised RON852.6 million lei (EUR173 million) selling one-year treasury bills at an average yield of 1.97% and a cut-off of 2%, central bank data showed.
Romania's finance ministry on Thursday raised 254.9 million lei (EUR51.7 million) selling bonds maturing in October 2027 at an average yield of 2.95%, central bank data showed.18957 items