Found 19522 news
Salt Bank, the first Romanian neobank, fully owned by Banca Transilvania Financial Group, has gone beyond 330,000 clients after the first eight months since launch on the local market, aiming to reach the milestone of 1 million clients over the next three years.
Electrica (stock symbol: EL), a major player on Romania’s electricity distribution and supply market, said in a stock market report that on Dec. 16, 2024, the company Crucea Power Park SRL (CPP), which is developing the Crucea Est wind farm project and it is 60% owned by Electrica, was designated among the winners of the first round of the Auction for the State Aid Scheme in the form of Contracts for Difference (CfD), within the call launched on November 18, 2024.
Termene.ro, a platform offering Romanian companies a quick and easy access to all official data - financial, fiscal and legal, estimates t reach a turnover of over RON17 million at the end of 2024, up 27% versus 2023, and a net profit of over RON2.5 million.
Aluminium producer Alro Slatina (stock symbol: ALR) has announced in a stock market report on Dec.17 that following an audit carried out between 2023-2024 by Romania's tax administration ANAF, examining the 2016-2021 period, the company received an additional taxation decision in amount of RON13.55 million, representing additional profit tax and VAT, a decision deemed by ALRO as deeply unsubstantiated and illegal.
The European Investment Bank (EIB) is lending EUR200 million to Distributie Energie Electrica Romania (DEER), the distribution operator of Electrica Group, to upgrade its electricity distribution network, Electrica has announced in a report sent to the Bucharest Stock Exchange.
DTEK Renewables International (DRI), headquartered in The Netherlands and part of Ukrainian energy group DTEK, has signed a new financing agreement of EUR24.7 million with Kommunalkredit Austria AG for the construction and commissioning of a 60 MWp solar park in the locality of Glodeni ("Glodeni II”), Mures County.
Carrefour Romania will end 2024 with a network of 178 Express units nationwide, after opening 16 integrated stores and six franchise stores.
Romania’s industrial sales (on the domestic and external markets) increased by 5.2% in nominal terms in October 2024 compared with September 2024, and by 8.2% versus October 2023, data from the country’s statistical office INS showed on Tuesday (Dec. 17).
E-commerce continues to grow at a fast pace in Romania, with 73% of internet users making online purchases in 2024, in line with national statistics board data quoted by the Romanian Association of Online Stores (ARMO), confirming Romanians’ high appetite for digital purchases.
BRD Sogelease IFN has contracted a EUR70 million loan from the European Investment Bank (EIB) to the end of boosting funding for a series of local small and medium-sized enterprises.
Signal Iduna, leader of the local health insurance market, is assessing opportunities on the auto liability insurance (RCA) market in Romania amid the current dynamics of the sector and consolidation and transformation tendencies.
Altex, Romania’s largest electro-IT retailer, aims to invest EUR200 million in expansion in the next 3-5 years, says Dan Ostahie, the company’s founder.
Autoklass Center SRL, the business controlled by Enrico Perini, who also owns Romstal, has taken over distribution and service activities for Volkswagen Autoturisme, Voslkswagen Autovehicule Comerciale and DasWelt Auto from Tess SRL, in one of the biggest deals on the local market.
Rondocarton, part of the Austrian Rondo Ganahl Group, a leading corrugated cardboard manufacturers in Romania, expects to end 2024 with a turnover of nearly EUR130 million, amid a 10% increase in the corrugated cardboard packaging market in 2024.
Nuclear power producer Nuclearelectrica (stock symbol: SNN) has called its shareholders for a meeting on January 22, 2025 to vote on approving the updated strategy for the continuation of the investment in the project for refurbishment works at Cervavoda Nuclear Power Plant Unit 1, which requires EUR1.9 billion investments, VAT not included, the company said in a report sent to the Bucharest Stock Exchange on Dec.16.
Hungarian state company MVM and Germany's E.ON Group have reached an agreement on Dec. 16 for the acquisition by MVM of E.ON's energy retail and customer solutions business in Romania, according to an announcement by E.ON.
Gerasimos Contoguris took over the role of Director of People & Culture at Philip Morris Romania, starting November 2024.
Renewable energy provider Enery has announced the successful signing of a EUR214.45 million bank loan facility with UniCredit Bank, Banca Comerciala Romana (BCR) and Erste Group Bank AG to support the development and consolidation of its renewable energy projects in Romania.
Piletilevi Group, the largest ticket seller in Central Europe, which acquired a majority stake in Romania's oldest ticketing company Bilete.ro in summer 2023, is acquiring Ticketing Nation SRL, which manages ticket seller platforms Entertix.ro and Myticket.ro.
Romania's Finance Ministry raised RON1.93 billion from banks on Monday (Dec.16), selling government paper in two auctions, at annual average yields of 6.40% and 7.05%, respectively.19522 items