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Romanian state-owned natural gas producer Romgaz has submitted a binding bid to acquire Exxon's 50% stake in the Neptun Deep gas exploration and drilling project in the Black Sea, the company said in a stock market report Wednesday.
Coca-Cola HBC Romania, the leader of the local soft drink market, has bought 50% of online business-to-business platform Stockday, developed and owned by Heineken Romania.
Romania's finance ministry launches three new bond issues for the general population Thursday, April 1, which can be subscribed by April 26.
Online retailer and manufacturer of mobile phones and gadgets iHUNT (HUNT.RO) is listing on Thursday, April 1, its second corporate bond issue on the Bucharest Stock Exchange under the ticker symbol HUNT25.
The World Bank expects Romania's economy to grow 4.3% in 2021 and 4.1% in 2022, after contracting 3.9% 2020, while the inflation is expected to grow to 3%, compared with 2.6% in 2020, per a report on Europe and Central Asia released Wednesday.
Japan Tobacco International (JTI), one of the largest cigarette manufacturers in Romania, will invest EUR60 million in modernizing the production capacities of its factory in Romania.
Romanian state-owned hydropower producer Hidroelectrica has contracted a 7-year loan amounting to RON1.25 billion from lender BRD to invest in green energy projects.
Audit and consulting firm PwC Romania on Wednesday said Dinu Bumbacea would run its local operations starting July 1, 2021.
Romania registered 40 mergers and acquisitions (M&A) transactions in 2020, 27% fewer on the year, and transactions with disclosed values amounted to EUR1.7 billion, more than double compared to 2019.
Software and technology company Qualitance and Patria Bank have concluded a partnership aimed at developing digital products for the bank’s clients.
Fixed and mobile communications group Digi (DIGI.RO) held by Oradea businessman Zoltan Teszari, on Monday night announced its most painful business decision ever: the exit from its second most important market and the first it expanded to, Hungary.
Franchised store chain LaDoiPasi, developed by Germany’s METRO Cash&Carry, continues its expansion process, reaching over 1,470 proximity stores across Romania.
Romania currently has 1,000 EV charging stations besides its about 2,000 regular gas stations, ZF has calculated, in an attempt to analyze a very dynamic segment of the market, which is just beginning and lacks a centralized platform to monitor such investments.
Pharmaceutical wholesaler and retailer group Dona, owned by Eugen Banciu, had a consolidated turnover of RON1.48 billion in 2020, up 9% on the year.
Romanian vacuum cleaner and home appliances manufacturer Electroarges, which has a production unit in Curtea de Arges, will invest EUR11.4 million to expand production.
The top 20 pharmaceutical companies by volume include just eight local producers which together produced 36.7% of the medicines that reached Romanian patients in 2020.
Star Residence Invest (REIT.RO), the first Real Estate Investment Trust listed on the Bucharest capital market, said in a market report Tuesday closed-ended investment fund STK Emergent has sold 4% of its holding and currently owns a 19.84% stake.
Romanian fiber optic cable producer Romcab Targu Mures (MCAB.RO), recently returned to trading after being suspended since February 2017 following its insolvency, said Tuesday it had a turnover of EUR62 million in the first quarter, up 70% on the year.
In 2020, the average annual number of job vacancies in Romania was 37,700, decreasing by 16,100 compared to the previous year. The average annual job vacancy rate was 0.77%, lower by 0.32 percentage points compared to the previous year, the country’s statistics board INS said Tuesday.
Brasov-based Visual Fan, which produces electronic devices under the brand Allview, on Tuesday said its turnover exceeded EUR82.75 million (RON404.61 million) in 2020, the highest level in the company’s 19-year business activity.18957 items