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Romania's Competition Council is analyzing the transaction through which Baxi S.p.A intends to take over G.I. Industrial Holding S.P.A. and its subsidiaries G.I. Middle Eastfze – DMCC, G.I. Industrial Asia Holding, SDN. BHD AND Gimek ZRT.
Romania's Competition Council is assessing the transaction through which OMV Petrom S.A. intends to take over the companies Intertrans Karla SRL, Bridgeconstruct SRL and ATS Energy SA.
A total of 72% of investors consider the availability of non-repayable grants to be a decisive factor in choosing a country to invest in, according to the EY Attractiveness Survey Romania 2024.
Romania's foreign exchange reserves decreased by EUR392 million over the course of August 2024, down to EUR63.1 billion at the end of the month, compared with EUR63.5 billion at the end of July 2024, central bank data showed on Monday (September 2, 2024).
Genesis Property, one of the leading office building owners in Romania, has secured the BREEAM Outstanding Certification for the F building of the YUNITY Park business campus located in northern Bucharest.
Romania factoring market reached EUR4.33 billion in the first half of this year, up 8% from the same period of last year.
Deloitte Romania's management team expands as of September 1, 2024, following the promotion to directors of employees Ioana Lucaciu, Mihai Ionica and Andrei Stan, from the Audit and Assurance department, Alexandru Stancu, from the Tax department, and Radu Hutan, from the Enabling Services department.
Resource Partners, a major regional manager of private equity funds, has taken over an 80% stake in Vola.ro, leader of Romania’s online tourism market, also present in Poland, Bulgaria and Moldova.
Winemaker Purcari has announced Alex Filip, the company’s deputy CEO, will take over as Group CEO starting January 1, 2025.
Local accommodation units, mainly made up of hotels and pensions, registered total revenues worth RON10.8 billion in 2023, a record high for the owners on the market, in line with Trade Registry data.
Farmacia Bajan, one of the most powerful local pharmacy networks, added eight new pharmacies in the first half of 2024, reaching a 40-unit network in several counties- Valcea, Arges or Bucharest.
Entrepreneurial company Agroland Business System (AG.RO) plans to raise funds from investors through a bond issue of up to RON15 million at a coupon rate of 9.75% per annum for four years (48 months), the company said in a report published on the Bucharest Stock Exchange on Friday.
Pharmaceutical producer Zentiva (SCD.RO), 96% held by Zentiva Prague and thus not much traded on the Bucharest Stock Exchange, doubled its net profit in the first half of 2024 to around RON143 million.
Entrepreneurial company Arobs Transilvania Software (AROBS.RO), the largest issuer in the IT sector listed on the Bucharest Stock Exchange, ended the first half of 2024 with a net profit of RON 10.8 million, down 52% from the year-ago period.
Transport Trade Services (TTS.RO), a freight carrier on the Danube, posted RON298.7 million revenue in the first half of the year, down 32.1% compared with the same period of 2023, while net profit fell by 35.6% to RON47.7 million.
Cable manufacturer Romcab Targu Mures (MCAB.RO) ended the first half of 2024 with a loss of RON61.4 million, up from the RON16.7 million loss of the year-ago period.
Mobility network Autonom Services, held by brothers Marius and Dan Stefan, ended the first half of 2024 with a net profit of RON18.8 million, up 53% from the first half of last year.
IAR Brasov (IARV.RO), which manufactures and repairs spare parts for helicopters, recorded a net profit of RON20.2 million in the first half of 2024, 55.5% below the level in the year-ago period.
Farmaceutica Remedia, a major player on the drug wholesale market, registered RON355.2 million revenues in the first half of 2024, 24% above the H1/2023 level.
Romania’s National Defense Ministry this week launched the bill needed in order to buy fifth generation F-35 fighter jets as proposed by US’ Lockheed Martin. According to official information, Romania should sign for the acquisition of the 32 F-35 jets at the end of this year or early in 2025.19029 items