BCR contributed EUR84 million (19.3%) of the EUR435 million syndicated loan that Ford Otosan Romania, subsidiary of Ford Otosan Turkey, took out to support production of the new Ford Puma, of the Ford Transit Courier and Ford Turneo Courier models, as well as for the production of fully electric versions thereof.
Winemaker Purcari (WINE.RO), whose shares are included in the BET, has signed an agreement to acquire 100% in Timbrus Purcari Estate (Targoviste), the company announced, a deal that enables it to expand into the Stefan Voda wine region, adding about 130 hectares of farmland, including 112 hectares of vineyard in the Purcari village.
Fashion brand Zara, one of the leading actors in the industry in Romania, will enter indirectly on the second-hand market in Romania this spring with its “Pre-Owned” program, launched in 16 countries already, industry sources told ZF.
Pambac, one of the largest players in the milling and pasta product market in Romania, has budgeted investments of approximately EUR9 million for this year to upgrade its pasta plant, to retool its two mills, for wheat and corn, and to purchase new equipment.
Premier Energy, the third leading household supplier of natural gas in Romania, held by Czech investment company Emma Capital, will focus on integrating the recently acquired CEZ Vanzare on short term and in the medium and long run will focus on expanding the gas distribution network and boosting the green power generation portfolio.
Telekom infrastructure and automotive industry component supplier Faist Mekatronic, part of British group Faist, has budgeted a 10% increase in turnover for 2024 vs 2023, up to EUR55 million, as per calculations by Ziarul Financiar (ZF) daily based on company data.
Aquila Part Prod Com (AQ.RO), the market leader in the field of integrated distribution and logistics services for consumer goods, has called shareholders for an April 19 meeting to vote, among others, on the distribution of a gross dividend of RON0.07084 per share.
Timisoara-based 123 FormBuilder, a cloud-based web form builder that enables businesses of all sizes to create surveys, forms, quizzes and polls, ended 2023 with net profit of RON6.3 million, up over 1,600% versus net gain of RON0.35 million in 2022, in line with data available on finance ministry.
Sighisoara-based Coralia Com, held by entrepreneurs Ovidiu Moldovan an Dan Perţe, reported a turnover of nearly RON70 million (EUR14.1 million) for 2023, up 8.1% on the year, as per calculations by Ziarul Financiar (ZF) based on finance ministry data.
IKON Trading, a distributor of professional products for beauty salons in Romania, reported a turnover of RON23.6 million (nearly EUR4.8 million) for 2023, up 13.8% from RON20.7 million (EUR4.2 million) reported for 2022, as per data on the finance ministry website.
Romania's Competition Council approved the transaction whereby Prime Capital Invest SRL and the group that includes Agro-Chirnogi SA and Maria Trading SRL intend to take over Aqua Bilbor SRL.
Computer Generated Solutions Romania, the largest outsourcing provider in the local market, currently has 196 jobs available for customer service agents at its Brasov center, according to the website of the Brasov County Employment Agency (AJOFM).
Romania’s only nuclear power producer Nuclearelectrica (SNN.RO) on Thursday notified the Bucharest Stock Exchange that its majority shareholder, the Energy Ministry wanted several items added to the agenda of the Extraordinary General Meeting of Shareholders on April 17.
Raiffeisen Private Banking, the division of Raiffeisen Bank, was named the best wealth management service in Romania at this year's edition of the Euromoney Global Private Banking Awards, the preeminent annual awards program of the worldwide private banking and wealth management industry.
Fraud prevention in corporate settings is not necessarily a matter of policies and procedures, but it is about cultivating a culture of integrity and vigilance among employees.
Eldrive Romania and MOON Power, part of Porsche Romania, the general importer of Volkswagen, Audi, Seat, Cupra, Skoda, Das WeltAuto brands, have signed a contract worth over EUR5 million, for charging stations.
The cooperation with the authorities and the private sector in Romania is essential for the transformation of the capital market in the Republic of Moldova into an engine of economic growth and sustainable prosperity, the representatives of the public and private sector present at the second edition of the forum Moldova-Romania: Capital Bridges stated together.
Suceava-based paving stone manufacturer Symmetrica, owned by Stanciu family, is investing EUR48 million in a new factory in the vicinity of capital Bucharest, in the locality of Bolintin-Vale, which is due to be inaugurated in fall 2024.
Companies in 2023 leased fewer office spaces outside Bucharest, with regional hubs generating just 18% of Bucharest volumes, as part of major deals underway were postponed to 2024, reveals a survey conducted by Fortim Trusted Advisors, member of the BNP Paribas Real Estate Alliance.
Turbomecanica, a local manufacturer of gas turbine engines and mechanical assemblies for aircraft, proposes to shareholders the distribution of a gross dividend of RON0.02436/share, namely a total sum of RON9 million, from the RON11.1 million net profit generated in 2023.