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Romania’s Competition Council carried out unannounced inquiries at the head offices of companies Samsung Electronics Romania SRL, Altex Romania SRL, Flanco Retail SA and Dante International SA, regarding alleged collusions and/or price fixing.
Romania's finance ministry on Monday raised 580 million lei (EUR117.9 million) selling bonds maturing in June 2026 at an average yield of 2.59%, central bank data showed.
Winemaker Purcari (WINE.RO) has summoned its shareholders on April 28 to approve, among others, the distribution of dividends in the amount of RON26 million from the accumulated profits, which, considering the share capital issued at present (20 million ordinary shares) represents a dividend of RON1.3 per share.
Huawei Consumer Business Group reported 12% annual growth in sales in Romania in 2020, with over one million smartphones sold.
Developer One United Properties has obtained the building permit for the residential component of One Cotroceni Park, a mixed-use project currently under development on the site of the former Ventilatorul platform in Bucharest.
Online retailer eMAG has decided to permanently adopt a hybrid working system combining remote and office work for its 3,000 employees in the head office, IT hubs and customer care centers.
Romania's state-owned natural gas producer Romgaz Medias (SNG.RO) announced it has terminated the contract for the construction of a combined cycle gas turbine power plant in Iernut, central Romania.
Retail sales in Romania grew 0.2% on the month in February and 0.6% when adjusted for seasonality and number of working days, as sales of non-food items grew 0.2%, food sales grew 2.8% and fuel sales dropped 5%, data from the country’s statistics institute showed Monday.
Online retailer evoMAG, one of the main computer and electronics retailers in Romania, plans to raise EUR2 million to EUR5 million in capital this year to be able to fuel a faster paced growth than before.
ATOSS Software, one of the largest software companies active in the western region of Romania, has leased 2,000 square meters of office space in the Vox Technology Park project in Timisoara, where it plans to relocate its team starting May.
Dedeman, the largest Romanian entrepreneurial business and the leader of the local DIY retail, has completed installation of solar panels at 38 of its 54 stores in the country.
Former McDonald’s Romania chief executive officer and minority shareholder Daniel Boaje has bought the McDonald’s franchise for ten restaurants in Austria from entrepreneur Dietmar Kuhn.
Sales of hand sanitizer went up 900% in 2020 compared with the previous year. Romanian consumers spent some EUR7.5 million on such products last year, compared with only EUR750,000 in 2019, ZF has found from market actors.
French-held Smart Wood group, which makes wooden coffee stirrers and ice cream sticks, has almost completed its investment in a EUR10 million plant in Onesti, Bacau County.
BRK Financial Group becomes the first Issuer’s Market Maker for bonds on the Bucharest Stock Exchange and will provide market making services starting April 6 for the EUR6.6 million bond issue listed by real estate developer.
Over 140 companies and institutions in Bucharest and 24 counties have signed contracts with E.ON Energie for the turnkey delivery of solar power stations worth a total of EUR13 million.
Companies had 24% more job applications for open positions in the first quarter compared with the same period in 2020, or 1.9 million applications, of which 700,000 in March alone, data from online recruiting platform BestJobs showed Friday.
Retail developers have set out to conquer the last “strongholds”, counties that lacked modern retail project, and last year delivered the first modern retail projects in four new counties – Dambovita, Covasna, Harghita and Calarasi.
Belgian investor Mitiska Reim Group, specialized in developing shopping centers, has obtained a loan of EUR123 million to refinance its entire portfolio in Romania.
PwC Romania partner Mihai Anita will be running the company’s Audit Services Department as of July, 2021.18957 items