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Shareholders of Sphera Franchise Group (stock symbol: SFG), the company that manages KFC, Pizza Hut and Taco Bell restaurants in Romania, approved the distribution of a gross dividend of RON1.05 per share from the non-distributed net profit corresponding to 2023 financial year.
Romania's Finance Ministry raised RON500 million from banks on Monday (Oct 7, 2024) selling benchmark bonds, in line with the planned amount, at an annual average yield of 6.35%.
Selion Global, a global leadership consulting firm specializing in executive search, Board services, leadership advisory and consulting, is entering the Romanian market in partnership with two of the most famous Romanian professionals in the field of executive search and leadership advisory, Filip Nemteanu and Mihai Bajan, who will be running the company's operations as Managing Partners.
Romania's Competition Council has approved the transaction through which Sarmis Holding 4 SarL and Lightspan Management LTD intend to acquire MG TEC Industry SRL.
The total monthly average income in Romania stood at RON8,210 per household, in nominal terms, in Q2/2024, representing RON3,274 per person, 2% more than in Q1/2024 and 18.8% higher than in Q2/2023, data from the country’s statistics board INS showed on Monday (Oct 7).
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 8.1% in unadjusted data and by 7.3% when adjusted for seasonality and number of working days, in January-August 2024 compared to the same period of 2023, data from the country’s statistics institute INS showed on Monday (Oct 7).
Filip & Company assisted arrangers BT Capital Partners S.A., Citigroup Global Markets Europe AG, Erste Group Bank AG, J.P. Morgan SE, Raiffeisen Bank International AG and Unicredit Bank GmbH in the deal via which Romgaz sold EUR500 million worth of bonds on international markets.
The seven Pillar II private pension funds in Romania, in which 8.2 million Romanian employees contribute with part of their monthly gross income for private retirement savings, have reached record high assets worth EUR30 billion (RON150 billion), announced the Romanian association for private pensions APAPR.
Brick manufacturer Cemacon on Monday, October 7, announced the decision of the Financial Supervisory Authority (ASF) regarding the withdrawal of the company’s shares from trading on the main market of the Bucharest Stock Exchange.
Deloitte Romania assisted Romanian entrepreneurial group Alfa Group in taking over the largest part of IRIDE Park project, located in northern Bucharest, together with another two nearby buildings from Czechia’s CPI Property Group.
The Turda plant has been authorized, the first testing lots have been manufactured and the production unit will most likely operate at full capacity at the end of October, Mihai Fugarevici, general manager of Stada Romania, told ZF.
TeraPlast group will use the money raised from the share capital raise to fund its development plans and support current activity, maintains Alexandra Sica, IR & sustainability manager at TeraPlast.
Grand Hotel Bucharest, the former Intercontinental hotel, managed by Compania Hoteliera Intercontinental Romania (RCHI.RO), ended the first half of 2024 with net profit of RON5.3 million, slightly higher on the year, as per the company's half-yearly financial report published at the Bucharest Stock Exchange on Oct 4.
Romania’s finance ministry is launching new Tezaur Treasury bills on Monday, October 7, the ministry announced on Friday (Oct 4).
Romania's central bank has decided at its Board meeting on Friday (Oct 4, 2024) to keep its key interest rate unchanged at 6.5% a year, the level it reached in August 2024.
Encorsa, the Romanian digital transformation services integrator, has concluded a partnership with certSIGN, a provider of eIDAS-compliant trusted services and legally valid electronic archiving solutions, which enables companies to improve their document-signing processes by integrating electronic signatures into internal applications.
Romania's Competition Council approved the transaction whereby Baxi S.p.A intends to acquire 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.
Petru pastry shop chain currently operates 70 units in ten counties of Romania, but the company plans to expand further, both on its own and in a franchise system, so that the network should go beyond the 100-unit threshold in three-five years.
Average sale prices of apartments, old and new, in September 2024 posted a 15% jump against the same month of 2023, the latest data from Storia, the real estate platform launched by OLX, show, with the biggest increases being registered in Sibiu and the smallest ones in Constanta.
Romania M&A Market in the first nine months of 2024 registered 198 deals, up 8.2%, with the estimated value rising by 22% to $5.2 million, mainly supported by Energy and Utilities activity, reveals an EY Romania analysis.19522 items