Wolf Theiss provided legal advice to Raiffeisen Bank Romania in the issuance of senior non-preferred eligible sustainable bonds in the amount of RON500.85 million, the first issue of this type by a Romanian issuer.
The volume of trade between Germany and Romania continues its upward trend in the first half of 2022, reaching EUR18.4 billion, 12.3% above the year-ago period, the latest figures from the Federal Statistical Office show.
Citi has announced the appointment of Samir Karia as Citi Country Officer for Romania and Managing Director of Citibank Europe plc, Dublin - Romania branch, in charge of developing and implementing the bank's local strategy and ensuring effective risk management and controls.
The year 2022 has seen a strong rebound in the job market not only for large employers, who put a record number of jobs on the market, but also for small businesses.
Bank of Cyprus has completed the sale of a portfolio of NPLs and repossessed properties of Romania totally worth around EUR147 million to an entity part of APS group.
E-commerce boom is slowing down, and this is a clear signal of a more wary consumer in major cities, where most online purchases are registered, according to Colliers.
Optical stores Lensa in the first six months of 2022 posted sales of RON58 million (EUR11.7 million), including the online platform, up 68% from RON34 million (EUR6.9 million) in the same period of 2021.
Evopack, which produces cardboard and paper packaging in a plant in Piatra-Neamt and which delivers to McDonald’s KFC, Spartan and Mesopotamia restaurant chains, as well as abroad, boosted its turnover by 28% in the first half of this year against the corresponding period of 2021.
Artemis Real Estate, part of Swiss group Artemis, has completed an over EUR5 million investment in an industrial building developed in Artemis industrial park of Sanandrei, Timis county.
Mircea Cirt, founder of ATP group made up of several companies, says he asked for state aid for an investment project entailing boosting truck production and assembly capacity 20-30 times. Should the sum not be okayed, he says he plans to take the investment to other countries where he intends to also ask for state aid.
Romanian electrical components manufacturer Romradiatoare Brasov, a company whose shareholding structure includes football coach Mircea Lucescu, in the first six months of this year posted net losses of RON1.05 million, from RON1.2 million profit last year.
The business of local IT consulting and software development company Tremend Software Consulting, increased by almost 45% in 2021 compared with the previous year, with revenue reaching more than EUR29 million at the end of last year, data published on the Finance Ministry website show.
Romania’s competition watchdog has greenlighted the acquisition by Poultry Integration Farms based in Satu Mare of certain assets related to raising and selling live chicken, day-old chicks and sale of hatching eggs from Sam Mills Europe and Sam Mills Feed.
Private lending in Romania grew by 16.8% to RON358.1 billion in July 2022 compared with July 2021, as local currency lending increased by 18% and foreign currency lending expressed in lei by 13.9%, central bank data showed on Wednesday.
DN Agrar, a Dutch-held group of firms operating in the fields of animal husbandry, farm production, farming services, logistics, transportation, tourism and advisory services, has announced the publication of proforma financial situations for 2021 to reflect the integration of four new companies in 2022.
Romanian aircraft parts maker Romaero (RORX.RO), a strategic company for Romania’s aerospace and defense industry, wants to sell part of owned real estate assets and hike its capital by a maximum of RON34.4 million.
Promateris (BVB: PPL), a Romanian industrial group and leader in the CEE in the production of low carbon footprint packaging, reported consolidated turnover of EUR18 million for the first six months of the year, EBITDA of EUR2.4 million and an EBITDA margin of 13.4%.
Playtika, an Israeli producer of video games for mobile devices, web or Facebook that entered the Romanian market in 2011, opening a support center, seeks to hire more than 25 people for several roles.
Romanian entrepreneur Mihai Miron, who controls Ropharma group, a major player on the pharma market, as well as Sf. Constantin hospital of Brasov, sold the dairy plant of Baru, Hunedoara, to Lacto Food, a business held by Arad county entrepreneurs.
Focsani-based packaging producer Electric, owned by Buzaianu family, saw its turnover rise 15% in the first six months of this year from the same period of 2021 in the wake of investments meant to boost production capacity.