Agricola group, one of the biggest players in Romania’s food industry, mulls building new ready-meal plant, with investments revolving around EUR40 million.
Real estate developer One United Properties (ONE.RO) has announced in a stock market report on Dec 18 the conclusion of a credit facility agreement with Alpha Bank Group, with a total value of up to EUR30.5 million.
The shareholders of Romanian natural gas producer and supplier Romgaz (SNG.RO) have approved an increase of the company's share capital by RON3.47 billion by issuing 3.47 billion shares, with a nominal value of RON1 per unit.
Astra Vagoane Calatori, one of the biggest players on the local rolling stock market, controlled by Valer Blidar, will end this year with more than RON500 million (EUR100 million) revenue, more than double last year, its officials say.
Romania's Finance Ministry raised RON1.16 billion from banks on Monday (December 18) selling bonds with a nominal value of RON400 million due in April 2031, at an annual average yield of 6.46%.
The year 2023 was a year of consolidation and maturity for Kaufland Romania, when the retailer continued to expand fast, by opening 13 new hypermarkets, says Valer Hancas, communication and corporate affairs director.
BRD has granted EUR16 million financing to corrugated cardboard manufacturer Vrancart Adjud (VNC.RO) for the construction of a solar photovoltaic (PV) park with an installed power of 20.5 MW.
Romania will be able to position itself as a research and innovation hub in the next decade, Murat Buyukerk, CEO of the largest local home appliances manufacturer, Arctic, believes.
French-held retailer Carrefour has expanded its convenience store chain in Romania in 2023, reaching 162 Express units following 22 store openings across nine towns and cities.
The Bucharest Capital Markets Practice of global law firm Clifford Chance, coordinated by Partner Madalina Rachieru-Postolache, advised for on four equity and bonds transactions successfully concluded in November – December 2023, with a combined value of almost EUR1 billion.
German supermarket chain REWE, one of the most powerful retailers in Europe, said on Monday (Dec 18) that it opened a new Penny store in Romania, its 363rd in the country.
Engie Romania, the largest natural gas distributor and supplier on the local market and a part of French utility Engie, said on Monday (Dec 18) that it plans to build a 37.2 MWp solar photovoltaic (PV) park in the Aricestii Rahtivani commune, the southern Prahova County.
Romania recorded an 86% increase in the number of FDI (foreign direct investment) projects in 2022, making it the fifteenth most attractive European investment destination, up seven places from the previous year, according to the 2023 edition of the annual report EY Romania Attractiveness Survey.
The capitalization of all 371 companies listed on the Bucharest Stock Exchange (BVB), both on the Regulated Market (RM) and on the Multilateral Trading System (MTS), reached an all-time high, at over RON301 billion, at the end of the first 11 months of 2023.
Regina Maria network, the second largest player on Romania’s private healthcare market by turnover, has opened a medical center in Timisoara in the wake of a EUR8 million investment.
Oves Enterprise, a Cluj-Napoca-based company specializing in software development, is set to expand internationally and is opening its first office in Norway, Oslo, the seventh launched abroad in the past two years.
A large part of companies in Romania, from micro-enterprises to large ones, will undergo a sizable business restructuring process in 2024 amid fiscal challenges and rising economic uncertainties, reveals a Sierra Quadrant survey.