On Tuesday, January 30, a special transaction (DEALS) with shares of green power producer Hidroelectrica (H2O.RO) worth RON92.8 million was registered in the Bucharest Stock Exchange system, according to stock market data.
Skatepark and playground builder Sport Play Systems in Turda, Cluj County, held by local entrepreneurs Adrian Silagyi and Mihai Balas, ended 2023 with RON30.3 million (EUR6.1 million) revenue.
State-run national grid company Transelectrica (TEL.RO) estimates total revenue to reach RON5.3 billion in 2024, compared with a preliminary figure of RON4.7 billion in 2023, a potential increase of 14.2% year-on-year, its spending and revenue budget shows, which will be discussed in the general meetings of shareholders in February.
Fueled by access to digitalization and increased income of the young population and digital natives, Romania's e-commerce market is expected to maintain its upward trend in 2024, according to the eCommerce Insights 2024 report conducted by MerchantPro, the local SaaS solutions platform for e-commerce.
Ionut Duna, General Manager of PPC Energie and PPC Energie Muntenia, and Adrian Dugulan, General Manager of PPC Renewables Romania, are joining the management team of PPC Romania Group (formerly known as Enel).
Romania's media retail market is expected to exceed EUR10 million in 2024, which would translate into an increase of over 30% compared to the previous year, as per an analysis by Footprints AI, a Romanian technology company that develops and markets an advanced media retail platform.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, decreased to 6.11% on Tuesday (Jan. 30, 2024) from 6.13% on Monday (Jan. 29), which is the lowest level since summer 2022, in line with central bank data.
The Romanian Investor Relations Association (ARIR), the promoter of the Investor Relations (IR) concept, has announced the results for VEKTOR by ARIR for 2023, the indicator that evaluates investor communication for listed companies.
Romanian natural gas producer and supplier Romgaz for 2023 reported a preliminary gross natural gas production of 4.79 billion cubic meters, down 3% from 2022, in line with the preliminary operational indicators for 2023.
Aquila Part Prod (AQ.RO), the market leader in the field of integrated distribution and logistics services for consumer goods, on January 26 carried out an accelerated bookbuild through which a majority shareholder raised RON96 million after transferring 100 million shares, namely an 8.33% ownership stake in the company.
ESSA Group, a Romanian company active on the trade marketing and staff recruitment services market, ended 2023 with a turnover of EUR24.3 million, up 24% from EUR19.8 million reported for 2022, company representatives said in a statement.
Taffo, a Baia Mare-based building company owned by three shareholders, ended 2023 with a turnover of RON118.7 million (nearly EUR24 million), up 27.5% on the year, in line with calculations by Ziarul Financiar (ZF) daily based on company data and finance ministry data.
IT Group Bittnet (BNET.RO), an integrator of IT&C solutions and a provider of training services in the IT sector, has informed investors in a stock market report on Monday (Jan. 29) that its BNET28 bond issue worth RON10 million will start trading at the Bucharest Stock Exchange on Friday (February 2, 2024)
The European Investment Bank (EIB) has signed a EUR40 million loan to Eldrive Holding GmbH to install 8,472 electric vehicle (EV) charging stations in Romania, Bulgaria and Lithuania over the next three years.
In early 2024, Bucharest-based America House office building signed office lease renewal contracts for a total 2,000 square meters with Mastercard, the Romanian Pool of Insurance against Natural Disasters (PAID), and an entity operating in the IT&C sector.
Boglar Champ, which cultivates mushrooms in the village of Nusfalau, Salaj County, ended last year with RON134 million (EUR27 million) revenue, up 20% on the previous year, and estimates a double-digit increase this year, its officials say.
Airline Fly Lili, controlled by German businessman Jürgen Andreas Faff, will start operating flights from the Brasov-Ghimbav International Airport in June 2024.
Building materials manufacturer TeraPlast Group aims to expand its European presence in 2024, which is why, after the acquisition of Palplast in the Republic of Moldova at the end of last year, it is preparing for new acquisitions.
Romania's Finance Ministry raised RON652 million from banks on Monday (January 29, 2024) selling bonds with a nominal value of RON500 million due in 2034, at an annual average yield of 6.49%.