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Simtel Team (SMTL.RO), an engineering and technology group listed on the Main Market of the Bucharest Stock Exchange and national leader in the renewable energy industry, has called shareholders for December 27, to vote on taking out one or several investment loans up to EUR20 million in aggregate value.
Cybersecurity company FORT, part of Bittnet Group (BNET.RO), ended the first nine months of 2024 with a turnover of RON9.3 million, down 15% year-over-year, as per its financial report published at the Bucharest Stock Exchange on Nov 22.
Over half of the total number of active enterprises (52%) in Romania operated in the sector of market services in 2023 and reported the highest number of employees, accounting for 39% of the total, as per data released by the country's statistics board INS on Friday, Nov 22.
UniCredit Bank announced successful completion of a new leu-denominated corporate (senior, unsecured ) bond issue due in five years, with a fixed coupon payable annually of 7.67%.
Electricity supplier and distributor Electrica (stock symbol: EL) and the company Esyasoft based in the United Arab Emirates are establishing a company within the Electrica Group, called Electrica Esyasoft Smart Solutions, for energy storage technologies and the digitalization of electrical networks, Electrica has announced in a stock market report on Nov 22.
tbi bank, which provides flexible payment solutions, has signed a partnership agreement with insurance broker DAW Management, whereby customers can buy insurance, including auto liability insurance RCA, through the Buy Now, Pay Later (BNPL) solution, in four interest-free installments or 6-12 installments with interest.
CEC Bank has successfully closed a new bond issue worth EUR300 million on international markets, through a issue of Senior Non- preferred MREL Eligible Notes.
Fagura, a fintech set up in the Republic of Moldova that has also expanded on Romania’s market, with ambitions to further grow internationally, has completed talks for a EUR1.1 million funding round.
Online retailer Evomag, one of the main players in the local IT&C market, recorded orders of EUR7 million during the Black Friday 2024 campaign, which ran from October 25 to November 11, an increase of 10% on 2023, its officials said.
Damen Galati shipyard, controlled by The Netherland’s Damen, has signed a EUR25 million financing agreement with Exim Banca Romaneasca and plans to use the money for investments in expansion and in equipping of ship assembly facilities, especially those dedicated to the luxury segment, but also those that are part of the military segment.
Entrepreneur and travel consultant Razvan Pascu has announced the sale of his stake in Dutch company Flight Claim for EUR1.3 million.
Romania's Competition Council has approved the transaction by which A-AG Holdco Ltd intends to take over Intersystems Holding Inc. and the companies related to the grain and protein business from AGCO Corporation.
Retailer dm drogerie markt Romania ended fiscal 2023-2024 on September 30 with RON1.77 billion revenue, an increase of 35.35% on the previous year.
Law firm Clifford Chance Badea has advised PPC Group in closing the EUR700 million transaction through which it acquired the Romanian renewable energy portfolio of Evryo Group, owned by Macquarie Asset Management.
The European Commission has announced on Nov 21 that it has approved a EUR578 million (RON2.9 billion) Romanian state aid scheme to support energy-intensive companies.
Romania's Finance Ministry raised RON752 million from banks on Thursday (Nov 21), selling government paper in two auctions, at annual average yields of 6.34% and 7.16%, respectively.
PPC (Public Power Corporation) Group has completed the acquisition of the renewable energy generation portfolio of Evryo Group in Romania (formerly known as CEZ Romania), previously owned by funds managed by Macquarie Asset Management.
The return to the office has continued to grow in 2024 as employees increasingly feel the need for direct interaction with colleagues, and employers implement strategies that encourage a full-time return to the office while balancing the hybrid model.
Private healthcare network MedLife continues its expansion plans by inaugurating the new MedLife Craiova Hospital, following a nearly EUR6 million investment that marks a new milestone for the private medical system in the region of Oltenia, the company has announced in a press statement on Nov 21.19990 items