Electricity supplier and distributor Electrica (stock symbol: EL) announced in a stock market report on Oct 22 the decision of the company's Board of Directors to approve the investment plan worth RON3.7 billion for the subsidiary Distributie Energie Electrică Romania (DEER) for the 2025 – 2029 period.
Romania had the third largest government deficit (- 6.5%) in the European Union (EU) in 2024, behind only Italy (-7.2%) and Hungary (-6.7%), according to data published by EU's Statistical Office (Eurostat) on Oct 22.
Romania's Competition Council is submitting for public debate the second set of commitments proposed by Delhaize “The Lion” Nederland B.V. (Mega Image) to address competition concerns identified in the retail market for predominantly food products, in the context of its acquisition of Profi Rom Food S.R.L.
Chemical fertilizer companies Donau Chem located in Turnu Magurele and Ga Pro Co located in Neamt County will be put up for sale again, through direct negotiation with investors, according to judicial liquidator Sierra Quadrant.
FintechOS, an end-to-end financial product management platform, has announced the appointment of Lidia Cîrstei as Chief of Staff & Business Transformation, effective October 1, 2024.
Cluj-Napoca in the first nine months of 2024 registered a record high number of office space leasing deals, generating 825 of the area traded nationwide and volumes are estimated to be three times higher than in 2023 by yearend, reveals an analysis by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.
Natural gas and electricity distribution company Delgaz Grid, a member company of the E.ON Romania group, has starting October become the operator of the gas network in Remetea and Sineu localities of Harghita county, a 57 million investment.
New passenger car registrations in Romania rose by 4.3% in January-September 2024 against the same period of last year, to 115,509 units, while at EU level the number of new car registrations inched up by 0.3% to 7,993,829 units, in line with ACAROM and ACEA data.
Local startup easySales, which which set up an automated B2B management and e-commerce platform, has expanded to several countries in the region, being currently active, beside Romania, in Hungary, Bulgaria, Czechia and Poland.
Somarest Sibiu, part of LVMH group, the world’s leading luxury industry player, in 2023 posted turnover worth RON351.1 million (around EUR71 million), up 24.5% from 2022, in line with ZF calculations based on Finance Ministry data.
Mondelez, the snacks industry giant including brands such as Milka, TUC, Oreo and Chipita in its portfolio, has invested around EUR30 million in Romania operations since 2022.
ThaiCo spa center network, with four units in Bucharest, is operating its first investment outside Bucharest, in Cluj-Napoca, in a location with a total area of over 400 square meters.
Electricity supplier and distributor Electrica (stock symbol: EL) announced in a stock market report on Oct 21 that it called shareholders for a meeting on December 11 to vote on approving the guarantee for a term loan of up to EUR200 million that the company Distributie Energie Electrica Romania S.A. (DEER) will contract from the European Investment Bank (EIB) to finance the investment plan for the 2025-2027 period.
Private healthcare company MedLife (stock symbol: M) has announced in a stock market report on Oct 21 that the mandates of the Executive Board members will be extended from October 21, 2024 until October 20, 2028.
Dutch-Belgian group Ahold Delhaize, the owner of supermarket and proximity store network Mega-Image, plans to hire 30 more IT experts by the end of 2024 at AD/01, the technology company launched in Bucharest in April 2024, as part of Ahold Delhaize’s brands family.
Romania's Finance Ministry raised RON990 million from banks on Monday (Oct 21, 2024) selling benchmark bonds, above the planned amount of RON500 million, at an annual average yield of 6.54%.
Speedwell Development, one of the most active real estate developers in Romania, announces the appointment of Andreea Comsa to the position of Commercial Director.
Nestlé Romania reported solid organic growth of 5.7% for the first nine months of 2024, which reflects the team’s commitment to delivering high-quality products and meeting the evolving needs of our consumers, stated Silvia Sticlea, Country Manager at Nestlé Romania, told an interview.