Found 19029 news
Global demand for electric vehicles (EVs) has slowed, and for prospective EV buyers, the main concern is a lack of charging infrastructure, according to the fifth annual EY Global Mobility Consumer Index report.
Romania's Competition Council approved the transaction through which SEET Investment Holdings SarL, Danail Emilov Mladenov and Teodora Emilova Mladenova, through Goodpack SarL, intend to acquire Paccor Romania SRL.
Law firm RTPR has assisted PragmaGO, a company owned by investment fund Enterprise Investors, in acquiring a majority 89% stake in Telecredit IFN, which operats Omnicredit brand, from Reconstruction Capital II Limited (RC2) and Elisa Rusu.
Electricity supplier and distributor Electrica is convening its shareholder to approve among others, a ceiling of up to EUR500 million for a bond issue or several subsequent issues of green bonds and the contracting of a syndicated bank loan of up to RON3.1 billion (EUR620 million) to support investment plans.
Cluj-Napoca-based software developer RebelDot estimates the AI unit will in 2024 generate 15% of turnover, which is expected to revolve around EUR16 million at yearend, up 40% from 2023.
Bucharest’s Royal Hospital, founded by gynecologist Ioan Stoian, with EUR5.8 million turnover last year, expects 20% higher results for 2024 and plans to add another two floors and a new surgery hall.
The Tei Group, made up of Farmacia Tei and Bebe Tei, has opened new stores in Dolj County, in ElectroPutere Mall in Craiova, an investment that is part of the plan to expand outside Bucharest.
Romania's finance ministry raised EUR5 billion on Sept 19 by tapping international markets with two euro-denominated bond issues and one US dollar-denominated bond issue, maturing in seven, twenty and ten years, respectively.
Austria’s Lasselsberger group, which owns ceramic tile maker Sanex in Cluj-Napoca, has submitted the largest investment of those seeking state aid via Construct Plus government scheme. The group applied for state aid to build a ceramic tile plant in a RON699 million investment.
Mineral water bottler Perla Harghitei has an ambitious investment plan, EUR40 million, self-funded. The Sancraieni, Harghita County-based company plans to upgrade and boost production and storage capacity by 70% in the next six or seven years compared with 2022.
Nokian Tyres hosted the grand opening of its passenger car tire factory in Oradea (north-western Romania), the company announced in a press statement on Thursday (Sept 19).
OMV Petrom, the largest integrated energy producer in Southeastern Europe, has announced in a stock market report on Sept 19 that it was running a new drilling campaign using a state-of-the-art automated drilling rig owned by Foraj Sonde Videle.
Romania's Finance Ministry raised RON599 million from banks on Thursday (Sept 19), selling benchmark bonds, way above the planned amount of RON200 million, at an annual average yield of 6.8%.
Starting September 23, 2024, Romania's National Bank will add to the list of exchange rates the indicative quotations of the Romanian leu against the Hong Kong dollar (HKD), the Israeli shekel (ILS), the Indonesian rupee (IDR), the Philippine peso (PHP), the Icelandic krona (ISK), the Malaysian ringgit (MYR) and the Singapore dollar (SGD).
Pharmaceutical producer Zentiva SA (SCD.RO) on Thursday notified the Bucharest Stock Exchange of the decision of the Financial Supervisory Authority (ASF) to approve the tender offer for its shares started by majority owner (about 96%) Zentiva Group.
The Ilfov Court has appointed INFINEXA Restructuring, a Romanian entrepreneurial company specializing in the restructuring of distressed firms, to act as insolvency administrator for meat processor Angst which has been insolvent since March 2024, in consortium with Prime Insolv Practice SPRL.
NN Group, a Dutch financial services company operating in the local life insurance and private pension markets, and venture capital fund Rubio Impact Ventures launch the NN Social Innovation Startup Awards competition targeting early-stage tech start-ups aiming to create positive impact in society.
Bergenbier S.A., part of Molson Coors Beverage Company group, one of the leading brewers in Romania, has announced changes in its management team: Alexandru Nomicos, who has held the role of Finance Director since 2019, was appointed Director of Mergers, Acquisitions and Partnerships for the EMEA APAC region.
Austrian transport and logistics company Gebrüder Weiss has officially opened the second logistics hub near Bucharest, more specifically in Popesti-Leordeni.
Raiffeisen Bank Romania has completed the selection process for MoonShotX project carried out in partnership with InnovX, via which the bank wants to support companies with turnover of between EUR5 million and EUR50 million (Mid-Corporate) to scale up their business in the region.19029 items