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The Competition Council has greenlighted pharmaceutical group Dona’s acquisition of the VET division of Iasi-based Vetro in September.
Romania got EUR9.4 billion in NRRP funds between 2021 and the third quarter of 2024 or 33% of its allotment via this EU program. Estimates for 2024 point to EUR200 million disbursements or 0.1% of the GDP, a quarterly UniCredit report for Central and Eastern Europe shows.
Nuclear power producer Nuclearelectrica (SNN.RO) and French-held Framatome will team up for a project to produce medical isotope Lutetium-177 (Lu-177) at the nuclear power plant in Cernavoda in Romania. Lutetium-177 is used for a variety of lifesaving cancer treatments.
The companies in which venture capital fund Early Game Ventures invested its first fund, Early Game Fund I, have reached annual revenue of more than EUR43 milion and a total number of more than 400 employees in 2024, EGV officials said in a statement.
Romania’s economy could double in the next ten years, so the GDP would reach EUR700 billion, with an average growth rate of 3% to 3.5% a year and a similar average inflation. This is one of the main conclusions of the “30 x 30. 30 years of transformations. 30 years of ING” report of ING Bank Romania.
Cargus, a major player on Romania’s courier services market, has relocated its Targu Mures warehouse to a facility with an area of over 4,500 square meters, double the one of the previous location, a project that is part of the company’s strategy of improving and expanding operational capacities to accomodate rising volumes.
Alexandrion group, the largest local spirits producer and a major player on the wine market, part of Nawaf Salameh Family Office, has appointed Jason Wischoff as general manager, in charge of running the company’s hospitality and franchise projects.
Law firm Filip & Company assisted eMAG Group in the sale of its entire stake in HCL Online Advertising, the company that operates Tazz platform, to Wolt, a Finnish company with operations in 28 countries held by US DoorDash.
Moov Leasing, an operating leasing company, is raising its share capital by EUR5 million, after selling a 10% stake, reaching an EUR50 million valuation.
Draghici Dental Group is in talks with several potential investors for the dental technique lab it developed in Miroslava, Iasi county, via an over EUR4 million investments as local production can serve a European or even global market, explained Dan Draghici, founder of Draghici Dental.
Romanian tourists spent EUR2.6 billion on vacations abroad in the three months of summer, June-August, according to ZF calculations based on data from Romania’s central bank.
Prebet Aiud (PREB.RO), a precast reinforced and prestressed concrete producer, on Monday evening announced the conclusion of a contract for RON63 million credit facilities with BRD-Group Société Générale, guaranteed with shares in Roca Industry Holding Rock1.
Arobs Transilvania Software (stock symbol: AROBS) has announced in a stock market report on Oct 14 that its CEO, Voicu Oprean, sold 35.4 million shares in the company he runs, on Thursday (Oct 10).
Romania's Finance Ministry raised RON604 million from banks on Monday (Oct 14, 2024) selling benchmark bonds, below the planned amount of RON700 million, at an annual average yield of 6.23%.
The Bucharest Stock Exchange (BVB) has announced on Monday (Oct 14) that it launched in September 2024 the recruitment process for the position of General Manager within BVB, for a 4-year term, starting with January 1, 2025.
Construction regulations must be updated to facilitate the transition to a circular economy, as recommended by Romania's Competition Council following its study on the competitive advantages of circular economy in construction.
Token Payment Services (TOKEN) was authorized by Romania's central bank to accept online payment operations and transactions at physical POS (point of sale) terminals, in accordance with PSD2 regulation.
Romania's total external debt (public and private) increased by EUR14.1 billion in January-August 2024 versus December 31, 2023, up to EUR182.5 billion, central bank also showed on October 14, 2024.
Pharmaceutical producer Zentiva (SCD.RO) on Monday announced the Czech Zentiva Group, its majority shareholder, had come to own more than 96% in it as a result of the tender offer conducted between September 25 and October 8.
After being acquired by eMAG in fall 2019, the local fast delivery platform Tazz has amassed net losses of RON324 million between 2020 and 2023, in line with publicly available data.19990 items