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Banca Transilvania (stock symbol: BT) is lending EUR40 million to Omnia Europe SA (Omnia Romania), a leading corn starch producer and owner of the largest starch factory in Romania and southeastern Europe.
Private healthcare company MedLife (stock symbol: M) has announced in a stock market report on Dec. 13 that Mihai Marcu, the company's CEO and the largest individual shareholder, sold 1 million M shares, at the price of RON5.82 per share.
Romania's industrial production increased by 6.2% in October 2024, in unadjusted data, compared to September 2024, and by 0.4% when adjusted for the number of working days and seasonality, data from the country's statistics board INS showed on Friday (Dec. 13).
In the third quarter of 2024, the employment rate for the working age population (15-64 years) was 63.3%, decreasing by 1.1 percentage points compared with the level recorded in the second quarter of 2024, data from Romania's statistics board INS showed on Friday (Dec 13).
Romania's Competition Council has approved the transaction through which Volta Grup S.R.L. plans to acquire Electrotehno S.R.L.
US’ Franklin Templeton, Fondul Proprietatea manager, has initiates the process of delisting GDRs from the London Stock Exchange because of their low liquidity there and the fact that, as the manager says, listing on the LSE has reached its purpose as liquidity appears to have flowed back to the local market due to the broadening of the foreign institutional investor base active in Romania.
Romanian startup ESX, known for aggregating fitness and sports services, has boasted significant growth in 2024, going beyond the 500,000-user threshold.
Romania medtech startup Medicai has seen its revenues double in the past year and plans to focus on expansion on the US market in 2025.
Dan Air, the airline founded by former pilot Dan Uhas, has transported 187,000 passengers and launched flights to 13 destinations in the first year of operations at George Enescu International Airport of Bacau.
German retailer Kaufland has inaugurated on Dec. 12 its second store in the town of Calarasi, reaching a network of 187 hypermarkets in Romania.
Hidroelectrica (stock symbol: H2O), Romania's largest electricity producer and the largest company listed on the Bucharest Stock Exchange, has announced in a press statement that it has signed a Memorandum of Collaboration with the Technical University of Civil Engineering of Bucharest.
While macroeconomic volatility is no longer a major challenge for investors globally, concerns about stability and predictability remain at the forefront in Romania, according to Daniel Anghel, Country Managing Partner, PwC Romania.
Romania's Finance Ministry raised EUR2.28 billion from banks on Wednesday (Nov 27), selling government paper in two auctions, at annual average yields of 6.49% and 7.19%, respectively.
The shareholders of electricity supplier and distributor Electrica (stock symbol: EL) approved the provision of a guarantee for a term loan of up to EUR200 million that Electrica's subsidiary, Distributie Energie Electrica Romania S.A. (DEER), plans to contract from the European Investment Bank (EIB), the company has announced in a press statement.
The company Unirii View S.R.L., part of Weerts Group and the developer of Bucharest-based office building Unirii View Tower, has accessed a credit facility of EUR29.5 million granted by lender Banca Comerciala Romana (BCR).
Eurial Invest, the local dealer of Peugeot, Citroën, DS Automobiles and Opel, has concluded a partnership with Cris-Tim Group through which the latter will see its own fleet expanding by more than 500 cars, both vehicles and utility vehicles.
PartnerVet, the main player in developing local veterinary services, announces the integration of Bucharest-based SpeedVet clinic into its network of partner veterinary clinics.
The company Retele Electrice Romania, part Of PPC Group in Romania, has launched a RON23 million public tender, through the SEAP platform, aiming to acquire remote control peripheral units for medium and low voltage networks, in order to maintain the energy infrastructure at modern standards.
Private healthcare network MedLife has announced in a press statement on Dec. 12 the official opening of MedLife Medici’s Hospital, a multidisciplinary unit that brings private medicine to a new level of performance.
The average net salary in Romania inched 0.8% higher in nominal terms in October 2024 compared to September 2024, to 5,268 (EUR1,059), data from the country's statistics board INS showed on Thursday (Dec. 12, 2024).19990 items