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Cognizant Softvision, one of the largest tech employers in Romania, based in Cluj-Napoca, intends to hire another 500 programmers by yearend, besides the more than 500 people already hired in the first half of 2021.
Airline Blue Air is planning to list on the London Stock Exchange in the autumn of 2021, with a valuation of up to £500 million (EUR584 million), hoping to mimic the success of Hungarian airline Wizz Air in Europe over the past decade, according to The Times.
Romania’s mergers and acquisitions (M&A) market saw 54 deals in the first half of 2021, compared with 42 deals in the same period in 2020, being estimated at nearly EUR1.2-1.4 billion, taking into account the overall amount of deals with disclosed and undisclosed value, compared with EUR1-EUR1.2 billion in 1H/2020, while deals with disclosed value totaled EUR485 million versus EUR572 million in 1H/2020, per Deloitte data.
Romania’s startup Digital Nation is one of the 13 organizations selected for the 2021 Google.org Impact Challenge for Central and Eastern Europe (CEE), the company said Monday.
Alina Dimitriu, Partner within the Audit and Financial Services Department of EY Romania, has taken over the position of leader of the company’s Audit Department, starting July 2021, per an announcement by EY Romania, which provides consulting, assurance, tax and transaction services.
Eleni Skoura, executive director of the Retail Products & Segments division of BCR Erste, will take over the position of Head of Retail Banking and member of the Executive Committee of ING Bank Romania, starting August 23, 2021.
Romanian company Connections Consult, specialized in providing software solutions and IT services, closed on July 9 a primary sale offer in the form of a private placement of shares brokered by TradeVille.
E.ON Energie Romania and winemaker Cramele Recas are starting in July 2021 the construction of a solar power plant, which entails an investment of nearly EUR430,000 and will cover 20% of the electricity needed at the latter’s wine-making facility.
The average net salary in Romania dropped 1.9% in nominal terms in May 2021 compared with April 2021, to 3,492 lei (around EUR708), data from the country's statistics board showed Monday.
Romania's trade balance posted a deficit of EUR8.8 billion in January-May 2021, higher by EUR1.4 billion compared with the first five months of 2020, data from the country's statistics board showed Monday.
Bicycle manufacturer Eurosport DHS posted RON334.8 million (EUR69.5 million) revenue in 2020, 10% lower than in 2019, ZF has calculated from Finance Ministry data.
Home appliances manufacturer Arctic Gaesti plans to develop the operations of its two plants in Romania at a time when demand for refrigerators and washing machines is at its highest, as the COVID-19 pandemic made people invest in such goods.
The investments of several million employees, who are now paying 3.75% of their gross monthly income towards mandatory private pensions, in 24 companies listed on the Bucharest Stock Exchange via Pillar II pension funds reached RON17.3 billion (EUR3.5 billion), ZF has calculated from the latest available data (first quarter 2021).
Romanian real estate developer Impact Developer & Contractor (IMP.RO), held by entrepreneur Gheorghe Iaciu, has completed the share capital increase operations by incorporating the share premiums worth RON69.48 million and the amount of RON61.76 million from the result reported in 2020.
Altius, a market leader for animal health products, has subscribed 1.5 million shares within the initial public offering (IPO) of shares carried out by real estate developer One United Properties, for which it paid RON3 million, per data provided by One United Properties.
The Romanian leu on Friday dropped to a fresh all-time low against the euro, as the central bank average reference rate stood at 4.9281 lei to the European currency.
Romania’s Financial Supervisory Authority (ASF) has approved the public offer document whereby Unirea Shopping Center, which manages two shopping centers in Bucharest and Brasov, seeks to buy 290,758 shares in construction company ICSIM, accounting for 14.8% of the company’s share capital, ICSIM said in a stock market report.
Romania’s Competition Council said Friday it was looking into a deal whereby Glovoappro SRL seeks to acquire the company Foodpanda Ro SRL and, indirectly, the Pandamart business operated by Delivery Hero Dmart SRL.
Public acquisitions in Romania reached a record value of EUR49 billion in 2019, fivefold higher than in 2009, per a report of the Institute for Public Policy (IPP). In 2020, the Romania State made acquisitions worth a total EUR37 billion.
Evergent Investments (the former SIF Moldova) said Thursday evening in a stock market report that it acquired a land of 16,000 square meters, in northern Bucharest, through Tesatoriile Reunite SA, part of Evergent Investments Group.20531 items