Found 19522 news
The European Investment Fund (EIF) has sealed agreements with UniCredit Bank, Alpha Bank, Libra Internet Bank, BRD Groupe Société Générale, Patria Bank, Intesa Sanpaolo Bank and Garanti BBVA to support local SMEs.
Romania Buy Now Pay Later (BNPL) market is in full swing, supported by fast digitalization and consumers’ changing behavior, said Alexandru Balaci, CEO of Mokka Romania, a provider of BNPL services.
Wiring and automotive applications manufacturer Hirschmann Automotive TM, the local subsidiary of Austria’s Hirschmann Automotive in 2023 registered turnover worth RON849.8 million (EUR171.8 million), up 25.7% from 2022, in line with Finance Ministry data.
Paint manufacturer Sentosa Impex of Salaj county, owned by Boca family, for 2023 reported turnover worth RON75.4 million (EUR15.2 million), slightly down, by around 0.8% from 2022, in line with ZF calculations based on Finance Ministry data.
Fondul Proprietatea (stock symbol: FP) has announced in a stock market report on Oct 22 that it is calling shareholders for a meeting on December 2, 2024 to vote among others on delisting the global depository receipts (GDR) from the London Stock Exchange and approving a program for the repurchase of 320 million shares in 2025.
Chemical producer and supplier Chimcomplex Borzesti (stock symbol: CRC), with two industrial platforms in Onesti and Ramnicu Valcea, has signed a memorandum of understanding (MoU) with Econic Technologies, a UK-based deep tech company focused on renewable carbon, in order to explore potential production of CO₂-based polyols.
Electricity supplier and distributor Electrica (stock symbol: EL) announced in a stock market report on Oct 22 the decision of the company's Board of Directors to approve the investment plan worth RON3.7 billion for the subsidiary Distributie Energie Electrică Romania (DEER) for the 2025 – 2029 period.
Maria Zoicas is joining ING Bank Romania as Head of the Human Resources Department, effective November 2024.
Romania had the third largest government deficit (- 6.5%) in the European Union (EU) in 2024, behind only Italy (-7.2%) and Hungary (-6.7%), according to data published by EU's Statistical Office (Eurostat) on Oct 22.
Romania's Competition Council is submitting for public debate the second set of commitments proposed by Delhaize “The Lion” Nederland B.V. (Mega Image) to address competition concerns identified in the retail market for predominantly food products, in the context of its acquisition of Profi Rom Food S.R.L.
Chemical fertilizer companies Donau Chem located in Turnu Magurele and Ga Pro Co located in Neamt County will be put up for sale again, through direct negotiation with investors, according to judicial liquidator Sierra Quadrant.
FintechOS, an end-to-end financial product management platform, has announced the appointment of Lidia Cîrstei as Chief of Staff & Business Transformation, effective October 1, 2024.
Cluj-Napoca in the first nine months of 2024 registered a record high number of office space leasing deals, generating 825 of the area traded nationwide and volumes are estimated to be three times higher than in 2023 by yearend, reveals an analysis by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.
Natural gas and electricity distribution company Delgaz Grid, a member company of the E.ON Romania group, has starting October become the operator of the gas network in Remetea and Sineu localities of Harghita county, a 57 million investment.
New passenger car registrations in Romania rose by 4.3% in January-September 2024 against the same period of last year, to 115,509 units, while at EU level the number of new car registrations inched up by 0.3% to 7,993,829 units, in line with ACAROM and ACEA data.
Local startup easySales, which which set up an automated B2B management and e-commerce platform, has expanded to several countries in the region, being currently active, beside Romania, in Hungary, Bulgaria, Czechia and Poland.
Somarest Sibiu, part of LVMH group, the world’s leading luxury industry player, in 2023 posted turnover worth RON351.1 million (around EUR71 million), up 24.5% from 2022, in line with ZF calculations based on Finance Ministry data.
Mondelez, the snacks industry giant including brands such as Milka, TUC, Oreo and Chipita in its portfolio, has invested around EUR30 million in Romania operations since 2022.
ThaiCo spa center network, with four units in Bucharest, is operating its first investment outside Bucharest, in Cluj-Napoca, in a location with a total area of over 400 square meters.
Electricity supplier and distributor Electrica (stock symbol: EL) announced in a stock market report on Oct 21 that it called shareholders for a meeting on December 11 to vote on approving the guarantee for a term loan of up to EUR200 million that the company Distributie Energie Electrica Romania S.A. (DEER) will contract from the European Investment Bank (EIB) to finance the investment plan for the 2025-2027 period.19522 items