Japanese group Sumitomo, which owns Alcedo in Romania, a major farming input wholesaler, has acquired Naturevo, also a farming input wholesaler, according to Naturevo representatives.
Romania's Finance Ministry has raised RON500 million from banks on Monday (June 17), selling benchmark bonds at an annual average yield of 6.43%.
Romania's Competition Council has launched an investigation into possible manipulations of public tenders organized by certain contracting authorities/entities for the awarding of electricity meter reading service contracts in Romania.
Romania's Competition Council is assessing a transaction through which Guala Closures S.p.A., Italy, plans to take over Astir Vitagiannis Bros. S.A., Greece, including its subsidiary, Coleus Packaging Proprietary Limited, South African Republic
OMV Petrom (BSE:SNP), the largest integrated energy producer in Southeast Europe, will be investing nearly EUR750 million in the Petrobrazi refinery to transform it into the first major producer of sustainable fuels in the region.
Raiffeisen Bank Romania is launching MoonShotX, a project aimed at supporting companies with a turnover between EUR5 million and EUR50 million (Mid-Corporate) to scale up their businesses regionally.
Romanian lender Banca Romana de Credite si Investitii has expanded its services portfolio with the Plati Instant service developed by TRANSFOND, which allows the inter-banking transfer of sums of up to RON50,000 in less than 10 seconds.
Starting June 18 until June 28, retail investors can subscribe Fidelis government bonds at interest rates of 7% for lei and 5% for euro in a new issue carried out by the Finance Ministry.
Oracle Global Services Romania, part of US group Oracle, one of the world's largest tech groups, registered an almost 16% turnover decline in 2023 year-on-year, to over RON518.4 million (EUR104.2 million).