Found 19522 news
RetuRo, the administrator of the Deposit Return System in Romania, has announced that in September consumers returned 435 million packaging materials, thus reaching a monthly collection rate of above 81%, a result that overshot the record high of August, of 78%.
Stripe, an Irish-American fintech valued at $50 million that has globally developed an infrastructure allowing companies to accept payments by card but also via different local platforms, has reached a team made up of over 50 people in the center it opened a year ago in Bucharest and continues recruitment.
Car parts manufacturer Aptiv Technology Services & Solutions in 2023 registered turnover worth RON1.569 billion (EUR317.2 million), 2.3 times higher than in 2022, in line with ZF calculations based on Finance Ministry data.
Automotive wiring manufacturer Fujikura Automotive Romania, the local subsidiary of Japanese group Fujikura, for 2023 reported turnover worth RON103.5 million (EUR20.9 million), up 3.85 from 2022, in line with ZF calculations based on Finance Ministry data.
Romanian-held agribusiness group Rodbun Grup posted RON795.6 million (EUR160.8 million) revenue in 2023, up 9.3% from the previous year’s RON727.4 million (EUR147.5 million), according to ZF’s calculations based on data from the Finance Ministry website.
Frigoglass Romania, a producer of plastics and refrigerated display cases, part of the Greek Frigoglass Group, posted about RON605 million (EUR122.3 million) revenue in 2023, up 3.7% from the previous year’s RON582.9 million (EUR118.2 million), according to ZF calculations based on Finance Ministry data.
Electricity supplier and distributor Electrica (stock symbol: EL) announced in a stock market report on Oct 17 the signing of an agreement to access non-refundable European financing in the amount of approximately EUR3.4 million, through the National Recovery and Resilience Plan (PNRR).
Romania's Finance Ministry raised RON511.3 million from banks on Thursday (Oct 17, 2024) selling benchmark bonds, above the planned amount of RON400 million, at an annual average yield of 6.82%.
Poland’s Elemental Holding Group based in Luxembourg has taken over the majority stake in Romanian ACC Recycling Services and plans to invest almost EUR20 million in a plant for recycling electronic and electrical equipment waste in Deva, Hunedoara County, the group said.
Pharmaceuticals company Sanofi Romania, the local division of French giant Sanofi, has announced the appointment of Buğra Kulak as Head of Pharma and Country Lead of Sanofi Romania.
Romania had the highest annual inflation rate, of 4.8%, among European Union Member States, in September 2024, data from Eurostat, the statistical office of the European Union, showed on Thursday (October 17).
Romania's Competition Council is analyzing the transaction through which Essilor International SAS intends to take over Optical Investment Group SA and its subsidiary, Optical Network Services SRL.
Romania's Ministry of Finance has attracted over RON1.5 billion and almost EUR387 million (values totaling over RON3.46 billion – EUR697.2 million), through the fifth primary offer for the sale of government bonds for the retail investors (FIDELIS) held this year through Bucharest Stock Exchange’s (BVB) systems.
Law firm Filip & Company has assisted investment fund AGISTA, part of Impetum Group, in the signing of the contracts for the sale of its entire ownership stake in Dendrio Solutions to Bittnet Systems S.A., and the acquisition of a new stake in cybersecurity company Fort S.A., listed in the AeRO market of the Bucharest Stock Exchange.
PepsiCo, a major player in the field of snacks and soft drinks, has appointed Razvan Lungu as CFO for the East Balkans region.
British software services company Endava has renewed the leasing contract for office space in UBC building, part of Iulius Mall Cluj development, for another five years.
The stock of industrial and logistics spaces in Romania is likely to overshoot 8 million square meters at end-2025, should the annual 500,000-sqm expansion pace maintain, is the conclusion of the latest Romania Industrial & Logistics Market report drawn up by real estate consultancy Cushman & Wakefield Echinox.
A multidisciplinary team made up of Reff & Asociatii lawyers and Deloitte Romania financial and fiscal consultants have assisted investment fund SARMIS Capital in taking over the majority stake in paper producer MG-Tec Industry.
The Romanian banking system is undergoing a favorable period from the perspective of the main financial and prudential indicators, as it continues to boast solvency, profitability and balance sheet structure indicators that are better than the European average and that are also positioned within the best prudential intervals set by the European Banking Authority.
Nuclearelectrica (SNN.RO), the only nuclear power producer in Romania, has notified the Bucharest Stock Exchange of the implementation of a new organizational structure by removing some positions.19522 items