Law firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted real estate developer Impact Developer & Contractor SA in connection with a corporate bond issue worth EUR8 million.
Romania's National Authority for Consumer Protection (ANPC) has suspended the sale of more than 600 vehicles, exposing the risks posed by the Romanian used car market.
Real estate developer Globalworth has appointed Ema Iftimie for the position of Managing Director for its real estate operations in Romania, effective December 1, 2023.
Erste Group, which owns BCR in Romania, has upwardly revised its Romania inflation estimate for 2024 amid stepped up inflationary pressures, now expecting a peak of at least 7% in January-February.
AQUILA, the market leader in the field of integrated distribution and logistics services for consumer goods in Romania and the Republic of Moldova, announces the signing of a purchase-sale pre-agreement for 100% of the shares of Romtec Europa SRL (Romtec), as part of its development strategy via M&A.
Cybersecurity company SafeTech Innovations registered RON20.1 million turnover in the first nine months of 2023, down 4% from the year-earlier period.
Shipbuilder Santierul Naval Orsova has sealed a EUR2.4 million contract for the construction of a river vessel for Netherland’s Rensen-Driessen Shipbuilding.
Romanian winemaker Domeniile Averesti, owned by entrepreneur Constantin Dulute, is due in 2023 to list its wines in three of the main food retail networks in the US, namely Cotsco, Aldi and Target.
Termoexpress, a carpentry producer of Cluj county, sends around 80% of production abroad and plans to open logistic centers in the areas where most orders come from, namely France and Italy.
IT group Bittnet Systems (BNET.RO) has informed the capital market of the decision made by its Board of Directors regarding a primary public offering of corporate bonds, unsecured, issued in RON.
Danube freight carrier Transport Trade Services (TTS.RO) announced in a stock market report on Nov 6, 2023 that NAVROM, the main provider of river transport services within TTS Group, continues the EUROPA 2 type barge construction program started in the spring of 2023 by signing an additional contract with Romanian shipbuilder Santierul Naval Severnav (SEVE.RO).
Flip, the Romanian start-up that encourages circular economy by refurbishing phones and tablets that are reintroduced on the market as good as new, expects sales of EUR3.5 million for this year’s Black Friday campaign held between Nov 9 and 12, which would translates into a 30% increase compared to last year.