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Romania’s finance ministry is launching new Tezaur Treasury bills on Monday, September 9, the ministry announced on Friday (Sept 6).
Swedish group Holmbergs Safety Systems, controlled by investment fund FSN Capital, has filed a request for the insolvency of its subsidiary in Romania, which it set up in 2020 by taking over local company Te-Rox Prod from local entrepreneur Doina Cepalis, as per an announcement published on the web portal of courthouses.
Romania's economy edged 0.7% higher, in unadjusted data, and grew by 1.5% in seasonally adjusted data, in the first half of 2024 compared to the same period of 2023, provisional (1) estimates from the country's statistics board INS showed on Friday (Sept 6).
Law firm PeliPartners has assisted Bogdan Idu and companies of his group in the sale of their entire stake in Octogon Gas & Logistics, the company that operates the biggest LPG maritime terminal in Romania, to Nawaf Salameh Family Office, which owns spirits producer Alexandrion Group among others.
Quehenberger Logistics Rou, a major player on the transport and logistics market, for 2023 reported turnover of RON364.8 million (EUR73.7 million), down 9% from the previous year, in line with ZF calculations based on Finance Ministry data.
Kastamonu Romania, controlled by Turkey’s Kastamonu Entegre, ended the first half of 2024 with interim turnover of around EUR70 million, flat from H1/2023.
Pavel Holding and Apex Alliance have recently sealed an agreement for the acquisition of Waldhaus Flims Wellness Resort, a five-star hotel compound of Switzerland. The reopening of Waldhaus Flims is scheduled for 2025.
Local construction company Concelex set out to build a concrete product factory to facilitate its work on construction sites and applied for government funds via the ConstructPlus program.
Softbinator Technologies (CODE.RO) a Romanian provider of full software development services (product management, product design, software development, AI/ML development and product marketing) posted RON257,000 consolidated net profit in the first half of 2024 compared with a loss in the year-ago period.
The Bursa de Valori Bucuresti (BVB.RO - Bucharest Stock Exchange), the operator of the local bourse listed on its own market, on Thursday evening announced that at the quarterly meeting of the Index Committee on September 5, a decision was made to include Premier Energy (PE.RO) and Antibiotice Iasi (ATB.RO) in the reference index BET, in the dividend index BET-TR and BET-Total Return Net index.
The Board of Directors of Flaros Bucuresti (stock symbol: FLAO), a company specialized in leasing own spaces from the portfolio of Infinity Capital Investments, on Sept 5 called the extraordinary general meeting of shareholders for talks on withdrawing the company from trading its shares on the AeRO market of the Bucharest Stock Exchange.
Catalyst Romania Fund I, an early-stage venture capital fund in Romania, has announced another successful exit from its portfolio with the acquisition of Romanian firm 123FormBuilder by American technology company Kiteworks, a global leader in secure content management solutions.
Romania's Finance Ministry raised RON1.03 billion from banks on Thursday (Sept 5), selling government paper in two auctions, at annual average yields of 5.77% and 6.72%, respectively.
The management of Teilor Holding, a group of companies that includes luxury jewelry chain Teilor, non-bank financial institution Invest Interned GF IFN, the company that sells gold jewelry Invest Interned Gold and Teilor Invest Exchange, on Thursday notified the Bucharest Stock Exchange of its shareholders’ plan to conduct a new bond offering of up to RON40 million.
OMV Petrom (stock symbol: SNP.RO), Romania’s largest oil and gas producer, intends to outsource to Bonatti S.p.A. Parma, Bucharest branch, some tubular material reconditioning and transport services, together with the assets and employees serving them, according to Romania's Competition Council, which approved the the transaction.
Nawaf Salameh Family Office, which owns, among others, spirits producer Alexandrion Group, has acquired the Octogon Gas & Logistics Terminal in the Port of Constanta, as per an announcement made by Nawaf Salameh on LinkedIn.
Local real estate developer and investor River Development, controlled by entrepreneur Ion Radulea, has appointed Ana-Maria Pascu to the position of Leasing Manager, starting September 2024.
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 8.1% in unadjusted data and by 7% when adjusted for seasonality and number of working days, in January-July 2024 compared to the same period of 2023, data from the country’s statistics institute INS showed on Thursday (Sept 5).
Around 77,000 square meters of offices were traded in Bucharest in the second quarter of this year, with net demand posting a strong recovery, with a 62% share of traded volumes, the biggest quarterly weight since Q1/2022, in line with data provided by real estate consultancy Cushman & Wakefield Echinox.
Estep B2B, which operates Samsung Mobile Store network of Bucharest, Ploiesti and Iasi, in 2023 posted lower turnover and net profit, with a higher number of employees.19029 items