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Nordis Group, a real estate developer founded by Emanuel Postoaca, on Thursday announced the extension of its projects on the Romanian seaside by acquiring lands of over 23,000 square meters in Mamaia resort, in the continuation of the space on which the company started to build five-star complex Nordis Mamaia.
TotalSoft, one of the most important software producers on the Romanian market, ended 2020 with combined revenue of EUR22.3 million, up little over 1% versus 2019, and an EBIDTA of EUR3.7 million.
Shares of rainwater systems manufacturer Raiko Transilvania started trading Thursday on the AeRO market of the Bucharest Stock Exchange under the RKOT) ticker symbol.
Bittnet (BNET.RO), a group of IT companies, listed on the Main Market of the Bucharest Stock Exchange, announced Thursday it was activating the call option for the early buyback of its BNET22 corporate bond issue, totaling RON4.5 million.
Pharmaceutical company USP, active in the over-the-counter (OTC) medicines and food supplements markets, enters the Romanian market in April, it said in a press release Thursday.
Vienna Insurance Group's planned acquisition of Dutch Aegon's Central and Eastern European business is temporarily blocked by Hungary which said it would deny approval for the acquisition of the Hungarian Aegon companies to a foreign investor.
Top Gel Prod, one of the largest ice cream manufacturers in Romania, has acquired Secret Prod Braila, which makes ice cream under the brand name Bonetta.
The total value traded on the Bucharest Stock Exchange and its multilateral trading system reached RON18.73 billion in 2020, 54.05% higher compared with 2019, the financial regulator said in a report Thursday.
Romania's gross domestic product contracted by 3.9% in real terms in 2020 compared with 2019, a second reading from the country's statistics board confirmed Thursday.
Sales of networking equipment doubled in volume in Romania last year, as a result of work from home and learn from home trends, due to the restrictions imposed to contain the spread of the coronavirus, the officials of Chinese-held TP-Link company, one of the largest networking products businesses in the world, said.
In a year when the pandemic ravaged Romania’s economy, construction material manufacturers posted growth, as the industry was one of the few that kept working almost as usual in 2020.
Energia Mileniului III, a company equally owned by Germany’s Max Boegl International and BTG Wide Consulting, will resume construction of a 99 MW wind farm in Tulcea, having recently received a new permit from grid company Transelectrica based on a 2012 connection agreement.
MedLife Medical System on Wednesday announced the completion of the transaction for the acquisition of the majority stake of 60% in Medica Sibiu, one of the important providers of private medical services in Sibiu County.
Romania’s finance ministry on Wednesday borrowed EUR3.5 billion on external markets with the first Eurobond issue of 2021, which is the country’s biggest borrowing on external markets to date.
Enel X Romania, part of Enel X, the division of advanced energy services of Enel Group, is going to install 25 fast recharging stations for electric vehicles within several shopping centers in Romania, which are included in the portfolio of NEPI Rockcastle, the largest real estate investor in the retail real estate sector in Romania.
Romania's finance ministry on Wednesday taps external markets for the first time this year, selling euro-denominated bonds with 12 and 20-year maturities.
Demand for housing will remain strong in Bucharest, especially for the segments positioned at the extremes of the market spectrum (low-end and high-end), an analysis by real estate consultancy company JLL showed Wednesday.
The number of real estate deals in Romania stood at 62,891 in March, 12,744 more than in February, data from the national cadaster agency ANCPI showed Wednesday.
The Bucharest Stock Exchange and the Employers’ Association of the Software and Services Industry (ANIS) signed a memorandum of understanding Wednesday to promote financing opportunities on the capital markets to the local IT industry.18957 items