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Real estate developer Genesis Property, founded by Romanian entrepreneur Liviu Tudor, announces the appointment of Flavia Schoech as Chief Operating Officer (COO)
Romania's Competition Council has fined Boehringer Ingelheim RCV GmbH & Co KG (Austria) a total RON128.47 million (EUR25.81 million) for abusing its dominant position in Romania’s market for medicines treating chronic obstructive pulmonary disease (COPD).
SelfPay, which owns the largest network of self-service payment terminals in Romania, has signed a EUR1.5 million credit contract with Banca Transilvania.
The European market’s interest for high quality chicken meat is rising and Romania’s joining the Schengen zone is bringing new opportunities. In this context, Poultry Investment, the company behind Puiul de Craiesti brand, has an ambitious plan: to export 25% of its production in the coming year.
IPEC, one of IKEA’s main suppliers in Romania, for 2025 forecasts turnover worth RON158 million (EUR31.7 million), up around 15% from last year, in line with ZF calculations based on company data.
Organic farm input producer Norofert has expanded its irrigation system to 400 hectares and is set to make investments for another 350 hectares in 2025, according to Vlad Popescu, president of the company’s board.
Europack Media, a Constanta-based wet wipe maker, is aiming for a 15% increase in revenue this year, after having overshot the RON100 million revenue mark in 2024, its officials said.
BCR Pensii and BRD Pensii, Pillar II private pension funds, which manage pensions for 1.4 million people, bought into pharmaceutical producer Antibiotice Iasi (ATB.RO), spending RON50 million during the almost RON300 million private placement in November when Infinity Capital Investments (INFINITY.RO) halved its stake to 13%.
Oresa Industra, one of the active players on the Romanian logistics and industrial space market, has announced the lease of 6,000 square meters to Sellpy, European leader in second-hand sales services.
Romania's current account deficit stood at EUR26.3 billion in January-November 2024, higher by nearly EUR7 billion than the EUR19.7 billion level reported in the same period of 2023, central bank data showed on Monday (Jan. 13, 2025).
Romania's Finance Ministry raised RON1.1 billion from banks on Monday (Jan.13), selling government paper in two auctions, at annual average yields of 6.65% and 7.70%, respectively.
ING Bank expects the National Bank of Romania to keep the key rate at 6.50% at the upcoming January 15 meeting, given persistent inflationary risks, the bank said in a report on Monday (January 13, 2025).
Real estate consulting firm Griffes announces it intermediated transactions for over 85,000 square meters of office space, which is the largest transaction volume recorded in 2024.
Favorable economic factors, such as inflation stabilization, interest rate cuts and real income growth, are aiding real estate sector consolidation as a vital pillar of the continental economy, points out an analysis drawn up by Cushman & Wakefield Echinox.
Building materials producer TeraPlast has granted an EUR7.56 million loan to Polytech Industrie subsidiary, with a 1.3% interest plus 3-month Euribor (around 2.7%). The maximum repayment term is December 31, 2029.
Romania’s national grid company Transelectrica has completed a project for the implementation of a metering and management system for electricity measurement data on the wholesale market, part of a broader investment in grid digitalization, funded with EUR88.8 million via the Modernization Fund.
Law firm Filip & Company legally assisted Credit Europe Bank Romania in the cross-border merger through absorption with the parent company, Credit Europe Bank N.V. of Netherlands.
Timisoara-based fuel retailer Artoil, controlled by entrepreneurs Alexandra and Alex Bunceanu, estimates it ended 2024 with turnover of around RON1.18 billion (EUR237 million), down 2% from 2023.
Constructii Erbasu, a company owned by Erbasu family, estimates it will reach RON2.5 billion turnover this year.
The Romanian Government is considering regaining the majority stake of the Electrica Group (EL.RO), in which it currently owns 49.8%, Economedia reports.19531 items