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Romania’s insurance market reached a volume of gross underwritten premiums of RON23.4 billion at the end of 2024, up 11% against 2023, in line with data released by Romania's Financial Supervisory Authority (ASF) in its latest report regarding the evolution of the insurance market for full year 2024.
Reff & Asociatii | Deloitte Legal team of lawyers assisted Smart ID Technology, part of SARMIS Capital portfolio, in taking over the majority stake in AB Systems, a leader in the production of durable barcode labels and smart RFID label solutions for the automotive, logistics, and retail industries.
Romania’s unemployment rate stood at 5.6% in February 2025, higher by 0.1 percentage points than the 5.5% rate recorded in January 2024, data from the country’s statistical office INS show on Tuesday (April 1, 2025).
Average prices of old and new apartments in March 2025 rose by 12% against the same month of 2024, in line with the latest data on Storia, the real state platform launched by OLX.
Filip & Company team assisted, as lead counsel, Digi Romania S.A. in the signing of two export credit facilities agreements totally worth over EUR54.7 million for the acquisition of goods and services necessary for the development of Romania and Portugal telecom networks.
Mehiläinen Group, Finland’s largest private healthcare provider, has fully acquired Regina Maria network, together with Serbian company MediGroup, both part of the portfolio of Mid Europa investment fund.
Benedek cold cuts plant, now owned by Bertis group controlled by businessman Tibor Berszany, is starting the construction of a new unit in 2025 and is set to expand nationwide three decades after it was set up.
Ascendia (ASC.RO), a company that develops e-learning solutions for various fields such as corporate training, healthcare and entertainment, has budgeted RON45.2 million total revenue for 2025, RON31.4 million total spending and RON13.8 million gross profit.
Turkish private airline Pegasus Airlines has announced it will be operating new direct flights from the Avram Iancu International Airport of Cluj to Istanbul’s second largest airport Sabiha Gökçen in the 2025 summer season, i.e., from May 20, with a frequency of three flights a week on Tuesdays, Thursdays and Saturdays.
Romanian state-run natural gas producer and supplier Romgaz (stock symbol: SNG) on February 20 made a term deposit without auto-renewal option, with the interest rate negotiated, with the Exim Banca Romaneasca, the company has announced in a report to the Bucharest Stock Exchange on March 31, 2025.
Moldovan Carmangerie (formerly Cosm Fan Carmangerie), which operates in the meat industry and is held by the Moldovan family in Cluj, has budgeted RON119 million (some EUR24 million) revenue for 2025, an increase of 6% on 2024, the company said.
Port operator Comvex Constanta (stock symbol: CMVX) has called shareholders for a meeting on April 29, 2025 to approve the distribution of RON39.6 million as dividends from the company's RON78.8 million net profit for 2024.
The IRCC, which banks use to set the interest rate for new loans taken since the spring of 2019, will stand at 5.55% a year in April 1 -June 30, 2025 period, lower than the 5.66% level set for the previous quarter, as announced by Romania's central bank on Monday (March 31).
Romanian authorities issued 2,617 residential building permits in February 2025, 36.4% more than in January 2025 and 2.4% more than in February 2024, data from the country’s statistics board INS showed on Friday (Jan. 31, 2025).
Meta Estate Trust (MET.RO), a holding company that operates in the real estate sector and serves as a portal between the real estate market and the capital market, posted RON10.8 million net profit in 2024, an increase of 15% on 2023, as well as a return on equity of 10%.
Romania's Finance Ministry raised RON930 million from banks on Monday (March 31), selling government paper, at annual average yield of 6.93%.
Vista Bank has announced that it will manage the loan portfolio of Eurobank's former subsidiary in Romania Bancpost, starting with March 31, 2025.
State-run natural gas supplier and producer Romgaz (SNG.RO) has announced in a stock market report on March 31 the conclusion of Addendum no 2 to the design and construction contract targeting the completion of works and commissioning of the Iernut power plant by building a new combined cycle gas turbine power plant, with the company Duro Felguera.
Ioan Popa, founder of Transavia, a leading poultry producer in Romania, says the company plans to triple turnover and profit in the next five years.
The board of directors of Danube freight carrier Transport Trade Services has proposed the distribution of dividends worth RON27.9 million from the 2024 net profit, a proposal set to be debated during the company’s ordinary general meeting of shareholders of April 30.19531 items