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Romanian precast concrete product manufacturer ASA CONS, owned by Consolis group, has budgeted RON5 million investments for 2024 to develop production.
After acquiring two hotels abroad, more exactly Grand Hotel Gardone of Italy and Waldhaus Flims Wellness Resort of Switzerland, Paval Holding is also looking at the local market to invest in the hotel sector, says Karina Paval, its vice-president.
In the second quarter of 2024, the employment rate for the working age population (15-64 years) was 64.4%, increasing by 0.2 percentage points compared with the level recorded in the first quarter of 2024, data from Romania's statistics board INS showed on Friday (Sept 13).
Romania’s industrial production inched up 0.2% in unadjusted data in July 2024 versus July 2023 but fell 3.9% when adjusted for seasonality and the number of working days, data from the country’s statistics board INS showed on Wednesday (August 14, 2024).
Romania's Competition Council has approved the transaction by which Vetimex Capital SRL and D Craig Holding SA intend to take over Vet HoldCo SRL, Vet ManCo SRL, Vet MidCo SRL, Vet OpCo SRL and Patrupet SRL.
Connections Consult (stock symbol: CC), a group of companies specialized in providing software solutions and IT services, reported record net profit, of RON4.67 million, for January-June 2024, 200% higher than the increase projected for 2024 and 29% higher versus the first half of 2023, as per a press statement.
Romania's current account deficit stood at EUR15 billion in January-July 2024, compared with EUR11.3 billion reported in the same period of 2023, central bank data showed on Friday (Sept 13, 2024).
Electricity supplier and distributor Elecrica on Friday informed the local capital market that on September 12, 2024 it has completed the acquisition, from Mr. Emanuel Muntmark and Mr. Catalin Mrejeru, of the project company Foton Power Energy SRL, having as main object of activity the generation of energy from photovoltaic sources.
TeraPlast group has closed in advance, after just one day, the second phase of the share capital increase due to high investor’s demand who have purchased the entirety of the over 31 million shares which remained unsubscribed after the first phase of the share capital increase.
Ogre AI, the Romanian-British startup that has developed an AI-based platform for prognoses in the energy field, wants to accelerate expansion in Europe after raising EUR2.93 million.
eSky.ro, the Polish group's platform operating on the local market, is managed by the eSky Travel Search company, which is to be closed, and the platform will be operated by a legal entity in Poland.
Mediapost Hit Mail Group, the biggest player in direct and relationship marketing controlled by a subsidiary of the French Post, saw its business grow by 3% in the first half of this year compared with the same period last year, its officials said.
Fuchs Condimente Romania, part of the German group Fuchs, has invested EUR8.5 million in the expansion of the plant in Curtea de Arges and is investing another EUR5.5 million in machinery and automation of manufacturing processes in the coming years.
Aggregate M&A deal values in Europe increased by 31% to EUR439 billion, while the transaction volumes were down by 8% over the same period compared with the first half of 2023, shows the Outlook published by international law firm CMS together with financial data firm Mergermarket.
Romanian-held grain trader Cerealcom Dolj ended 2023 with a turnover of RON607 million, compared with over RON1.1 billion reported in 2022, as per the latest finance ministry data.
Port operator Comvex Constanta (stock symbol: CMVX) reported a turnover of RON152 million for the first half of 2024, lower than RON216 million in the year-earlier period, and a net profit of RON44 million, compared with RON104 million in the same period of 2023, as per its half-yearly financial results.
Romania's Finance Ministry raised RON500 million from banks on Thursday (Sept 12), selling government paper at an annual average yield of 6.78%.
Hungary's MOL Group has invested RON300 million over the last three years to develop Romania's infrastructure.
Dulcinella, originating in the Republic of Moldova and present in Romania with 17 pastry shops, has invested EUR100,000 in opening a new unit in capital city Bucharest, on Nicolae Balcescu Boulevard.
Romania's Competition Council is assessing the transaction through which the European Bank for Reconstruction and Development (EBRD) intends to enter the shareholding of Eldrive Holding Gmbh, together with Renalfa Solarpro Group Gmbh.19522 items