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.
Pharma manufacturer Antibiotice Iasi has commissioned a 2.5 MW photovoltaic plant, with total investments in the project amounting to RON11.8 million, of which RON4.07 million were granted by the Energy Ministry from EU funds related to the National Recovery and Resilience Plan (PNRR).
Jidvei, one of Romania’s largest winemakers, has currently reached more than 500 employees and is set to recruit another 250 workers from Nepal for vineyard works.
Andrei Timofte, general manager of Transilvania Constructii, says the company wants to grow further and double its portfolio in the next five years, reaching 500,000 square meters.
Dunca Expeditii, one of Romania’s largest freight carriers, in 2023 generated RON187 million turnover, 11% lower than in 2022, and registered losses, according to its officials.
The management of 2B Intelligent Soft (BENTO – Intellectually Curious), a Romanian entrepreneurial company specializing in the development and implementation of software solutions and the provision of IT and Cloud infrastructure services, has called shareholders for an April 29 meeting to approve the way of distributing the company's 2023 net profit in the amount of RON13 million.
Romania’s national power transmission company Transelectrica (TEL.RO) has called shareholders for an April 29 meeting to vote, among others, on the distribution of dividends in the amount of RON20.5 million from the result carried forward.
The Board of Directors of building materials manufacturer TeraPlast Bistrita (TRP.RO) has approved a decision to contract an investment loan of EUR13.2 million from lender Banca Transilvania for the acquisition of companies part of Austria's Freiler Group.
Romanian state-owned oil transporter Conpet Ploiesti (COTE.RO) in a stock market report on Wednesday (March 27) announced the conclusion of a contract worth RON105 million with OMV Petrom (SNP.RO), the largest integrated energy company in Southeast Europe.
Amazon Development Center, the development center US giant Amazon in Romania, reported net loss of RON52.5 million for 2023, sixfold higher than RON8.22 million reported for 2022.
State-run Hidroelectrica (H2O), the largest electricity producer in Romania, on March 27, 2024 announced its first proposed dividends since going public in the summer of 2023.
ELI Parks, one of the most active logistics and industrial space developers in Romania, has signed an agreement for the expansion of RetuRO's operations to ELI Park Ploiesti.
Electrical equipment distributor Promelek XXI in Cluj-Napoca, part of the Spanish group Elektra, posted about EUR44 million revenue for 2023, up 10% compared with the previous year, when its revenue stood at EUR40 million.