Franklin Templeton, the manager of Fondul Proprietatea (FP.RO) has called shareholders for an Extraordinary General Meeting (EGM) and an Ordinary General Meeting (OGM) on November 15, a move approved by its Board of Nominees on September 20, a report sent to the Bucharest Stock Exchange shows.
Grup Serban Holding (GSH.RO), a Romanian entrepreneurial company active in several fields in agriculture, on Tuesday said in a stock market report that it registered consolidated revenue of RON275.2 million in the first half of 2022, up 71% on the year, and a turnover of RON240 million, up 97% on the year.
Poland’s software engineering company Spyrosoft Solutions plans to reach 100 IT experts on the Romanian market by the end of 2022, company representatives said in a statement.
EY Romania’s Strategy and Transactions team assisted Austria’s investment company Enery in acquiring the portfolio of renewable energy projects owned by Canada’s Jade Power Trust in Romania.
HEINEKEN Romania, the second largest brewer on the local market by 2021 turnover, on Tuesday announced its intention to cease the activity at its brewery in Constanta (south-eastern Romania) sometime in September 2023.
With over 10,000 job applications since September 1, 2022, this is shaping up to be the month with the most applicants looking to work abroad.
Romania's finance ministry is going to tap external markets for the fourth time in 2022, selling euro-denominated bonds with four and seven-year maturities.
Pet shop chain Animax, part of the group Pet Network International, on Tuesday announced the opening of two new units, one in capital city Bucharest and one in Turda, following a total investment worth over EUR100,000.
The hybrid work model is here to stay, but with it becoming mainstream, the employees’ reasons for going to the office have shifted towards socializing, collaborating and connecting with their fellow workers, and also achieving a solid work-life balance.
Capital city of Bucharest registered 13,270 jobless people (of whom 6,926 women) at the end of August 2022, taking the unemployment rate to 1.08%, data from the Bucharest Municipal Employment Agency showed on Tuesday (Sept 20).
The war in Ukraine has changed the dynamics of the Romanian IT industry – from a high demand for programmers and projects that required fast delivery, to a sudden drop in demand, triggering a reset of the market at all levels.
Romania’s communications market regulator ANCOM has launched a tender for the radio spectrum dedicated to new generation 5G electronic communications services and expects to obtain at least EUR693 million for the licenses that will be valid over the next 25 years.
Romania’s digital economy is likely to grow 3.5 times by 2030, to around EUR52 billion, from RON14.8 billion in 2021, with IT&C investments and e-commerce as the main growth drivers, in line with the Digital Challengers on the Next Frontier report by McKinsey & Company.
Agista, a Romanian investment fund under authorization, has acquired additional shares in IT group Bittnet, listed on the Bucharest Stock Exchange, reaching a stake of almost 7%.
Romania’s exports of heated tobacco products in 2021 reached RON723 million, overshooting cigarette exports, which totaled RON617 million, but locally cigarettes still dominate in the preferences of 5 million adult consumers, according to Philip Morris Romania.
Romanian medtech startup SanoPass, which built a platform via which it currently offers users access to health and fitness subscriptions, will in early 2023 launch integrated packages of health, fitness and nutrition services.
The most powerful developers on the market say there are real chances for 2022 to end with the first new MW installed in the system after an investment drought in the solar energy area since 2014 and an almost one-decade crunch in terms of wind power projects.
Dan Pastiu, founder of fast-food restaurant chain Dabo Doner, says there are requests for the opening of new units under franchise by partners, but he’s trying to limit development because of the challenging economic period and the problems the hospitality industry is coping with.
Synlab Medical Laboratories, a company present in Romania since 2005, ended 2021 almost RON70 million revenue, Finance Ministry data show, an increase of 71% compared with the previous year.
PHOENIX group, the shareholder of Help Net pharmacies and the drug wholesaler Farmexim, has set up a new company - EL Pharma, in 2021, which will provide services to companies in the pharmaceutical sector, from promotion to representation and logistics services.