Romania's finance ministry raised RON132 million on Monday (Sept 19), below the planned level, selling bonds maturing in 2029, at an annual average yield of 8.19%.
Verifone Romania, fintech leader of complete global payment and commerce solutions, plans to employ at least 50 more people by the end of 2022.
Allianz-Tiriac reported underwritings of RON1.6 billion in January-June 2022, double against the same period of 2021, in line with data from company representatives.
Eurial Invest, the local dealer of Peugeot, Citroën, DS Automobiles and Opel, has appointed Lucian Visan as the new chief executive officer of the company, effective September 1.
With a consumption of just 2.7 MWh per capita in 2020, Romania ranks last among European Union countries in terms of electricity consumption.
TotalSoft, one of the most important software producers on the Romanian market, plans to reach some 650 employees until the end of 2022.
Romanians have adapted their financial behavior in the context of the accelerated increase in inflation, prices and utility bills in recent months, with almost half of them (47%) reducing costs, according to the “Money Matters” 2022 survey carried out by Erste Group.
Romanian water brand Aur'a from Caras Severin has signed a contract to deliver its products to Saudi Arabia, half a year after signing a similar partnership with Dubai.
The volume of Romanian construction works increased, in unadjusted data, by 6.8%, in July 2022 as compared to July 2021, and by 8.2% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed Monday (Sept 19).
ALTEN Romania, the local subsidiary of French multinational technology consulting and engineering company Alten, on Monday announced the appointment of Roxana Piciorea to the position of Business Unit Director.
OMV Petrom, the largest integrated energy company in South-Eastern Europe, has installed photovoltaic panels in 110 OMV and Petrom filling stations in Romania and almost EUR3 million were invested in this project so far.
More than 1 million transactions were carried out on the regulated market of the Bucharest Stock Exchange (BVB) between January and August 2022, 42% more than 715,000 transactions performed between January and August 2021.
One United Properties shares were upgraded on September 19 within the FTSE Global Equity Index Series for Emerging Europe, moving from the small cap to mid-cap category.
Rondocarton, part of Austria’s Rondo Ganahl, one of the largest corrugated cardboard producers, which operates three packaging plants in Romania, saw its turnover post two-digit growth in the first half of this year, but production and profit margins were flat, at the 2021 level.
The team behind private equity fund Morphosis Capital is readying to launch the second fund under this name, toward the end of 2023, and its size is likely to top the EUR50 million of the first fund, explained Andrei Gemeneanu, co-founder and managing partner at Morphosis Capital.
The plan to manufacture 1 million Dacia cars per annum has not been abandoned by Renault, meaning that in the coming period the Mioveni plant will take up again the idea of expanding production capacity from 350,000 to over 400,000 units.
Astra Vagoane Calatori, a major player on Romania’s rolling stock market, controlled by Valer Blidar, will deliver the seventh tram for Bucharest and is set to reach 17 trams overall by yearend.
Bistrita-based building materials maker TeraPlast, controlled by businessman Dorel Goia, is no longer investing in a real estate project it had planned to develop in Bistrita because of recent years’ spikes in prices of construction materials and energy.
Port operator Comvex Constanta (CMVX.RO increased its revenue from RON72 million in the first half of 2021 to about RON151 million in the first half of 2022, while net profit climbed from RON12 million to about RON52 million, according to data reported Friday evening after the close of the Bucharest Stock Exchange.
Automobile Bavaria, the importer of the German BMW group, which owns the customer center and the first Rolls-Royce authorized service center in Romania, will remodel this area to meet the new Rolls-Royce standards.