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Alexandru Mircea Mihailescu, the main shareholder of Transport Trade Services (TTS), with a 25.2% ownership, Ion Stanciu, with a 7% stake, and Sevastian Stefan, said they would forgo their mandates of Executive Board members of TTS, starting August 26, 2021.
French Renault Group sold a total 1.42 million cars in the first half of 2021, 18.7% more than in the same period in 2020, while Dacia sold 262,814 cars in the first half of 2021, 24.5% more year-over-year.
The Fidelis government bonds for the general population, sold by the finance ministry on the capital market in July, started trading on the Bucharest Stock Exchange on Friday (July 16).
Greenfield Copou Residence, a company held by Impact Developer&Contractor, has bought a plot of land of 25,930 square meters in the historical part of the city of Iasi, on Dealul Copou (Copou Hill), where it will build a residential complex with over 1,000 apartments.
Deutsche Bahn Cargo Romania, the local subsidiary of the leading provider of rail freight transport in Europe, relocates its headquarters to the One Cotroceni Park building.
Furniture and home decor retailer JYSK set out to remodel all its stores to make them compliant with the Store 3.0 concept by the end of 2024.
Clinica Sante, one of the largest private laboratory clinic networks in Romania, saw its revenue go up 23% year-on-year to RON147 million in 2020, ZF has found from publicly available data.
Banks in Romania granted about RON2.63 billion worth of new loans to companies in May 2021, almost 25% less than in April and RON2 billion or 43% less than in March.
Superbet group, the largest sports betting and gaming business in Romania, which also has operations abroad, has taken over Belgian rival Napoleon Sports & Casino. The parties did not disclose the value of the deal.
Omniasig, the largest insurance company in the portfolio of Austria’s Vienna Insurance Group (VIG), expects a volume of underwritten gross premiums of RON1.4 billion at the end of 2021, Omniasig CEO Mihai Tecau told an interview for Ziarul Financiar (ZF).
The European Investment Bank (EIB) on Thursday formally agreed a new EUR120 million loan with Distributie Energie Electrica Romania S.A. (DEER), the electricity distribution subsidiary of the Electrica Group.
Romania's finance ministry on Thursday raised 590 million lei (EUR117.9 million), higher by RON90 million than the targeted amount, selling bonds maturing in June 2026 at an average yield of 3.05%, central bank data showed.
Peter Micula has taken over the position of general manager of the cooking stove factory in Satu Mare, northern Romania, of Swedish home appliance manufacturing group Electrolux, starting July 1, 2021.
Romania’s Competition Council has approved a transaction whereby MedLife Group, the leader of the private medical services market in Romania, is acquiring pharmaceutical wholesaler Pharmachem Distributie.
The volume of Romanian construction works decreased, as gross series, by 0.7%, in May 2021 compared to April 2021, a decrease reflected in new construction works (-2.7%). Rises were recorded for capital repair works (+12.2%) and for maintenance and current repair works (+0.6%).
Yload.ro, an artificial intelligence-based platform founded by Alexandru Huzau, raised EUR220,000 of a planned EUR250,000 on its first day of listing on SeedBlink, a local crowdfunding platform for Romanian IT start-ups.
Insurance company Omniasig, owned by Austria's Vienna Insurance Group (VIG), will pay in 2021, for the first time in the last ten years, total dividends worth over RON18 million, which translates into a gross dividend of RON0.125 per share.
US clinical research firm PPD has extended by five more years the lease contract for office space within Bucharest’s business park West Gate Business District, held by Genesis Property.
Altex, Romania's leading electronics retailer, has entered the travel services market after concluding a partnership with Karpaten Turism, one of the largest travel businesses in Romania, whereby clients can buy holidays packages directly in Altex and Media Galaxy stores, as well as online through a dedicated platform.
Fashion retailer Primark, the biggest name still not present in Romania, is preparing to enter the country by opening its first store in 2022, market sources say.19702 items