Banca Transilvania (stock symbol: BT) is lending EUR40 million to Omnia Europe SA (Omnia Romania), a leading corn starch producer and owner of the largest starch factory in Romania and southeastern Europe.
Private healthcare company MedLife (stock symbol: M) has announced in a stock market report on Dec. 13 that Mihai Marcu, the company's CEO and the largest individual shareholder, sold 1 million M shares, at the price of RON5.82 per share.
Romania's industrial production increased by 6.2% in October 2024, in unadjusted data, compared to September 2024, and by 0.4% when adjusted for the number of working days and seasonality, data from the country's statistics board INS showed on Friday (Dec. 13).
In the third quarter of 2024, the employment rate for the working age population (15-64 years) was 63.3%, decreasing by 1.1 percentage points compared with the level recorded in the second quarter of 2024, data from Romania's statistics board INS showed on Friday (Dec 13).
Romania's Competition Council has approved the transaction through which Volta Grup S.R.L. plans to acquire Electrotehno S.R.L.
US’ Franklin Templeton, Fondul Proprietatea manager, has initiates the process of delisting GDRs from the London Stock Exchange because of their low liquidity there and the fact that, as the manager says, listing on the LSE has reached its purpose as liquidity appears to have flowed back to the local market due to the broadening of the foreign institutional investor base active in Romania.
Romanian startup ESX, known for aggregating fitness and sports services, has boasted significant growth in 2024, going beyond the 500,000-user threshold.
Romania medtech startup Medicai has seen its revenues double in the past year and plans to focus on expansion on the US market in 2025.
Dan Air, the airline founded by former pilot Dan Uhas, has transported 187,000 passengers and launched flights to 13 destinations in the first year of operations at George Enescu International Airport of Bacau.