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OMV Petrom, the second largest natural gas producer in Romania and the largest integrated energy producer in southeastern Europe, has expanded its natural gas supply activities to Bulgaria, starting October, via an offering exclusively aimed at industrial consumers.
Showroom network Piatra Design has reached seven centers and also invested in e-commerce in 2023.
In the first nine months of 2024, smartphone sales in Romania advanced by around 6-7% by value against the year-earlier period, but by volume the market stagnated, in line with estimates by the local representatives of Chinese mobile phone and gadget brand OnePlus.
Sandwich panel and metallic structure manufacturer Romconstruct A G Buzau, held by entrepreneur Gheorghe Tarus, in 2023 registered turnover worth RON178.3 million (EUR36 million), up 4.4% from 2022, in line with ZF calculations based on Finance Ministry data.
Tire and inner tube distributor Nexxon, headquartered in Targu Secuiesc (Covasna County) and held by entrepreneurs Vilmos Barta, Zsombor Somai and Marta Voloncs, ended the first half of 2024 with a turnover of nearly RON88 million (EUR17.6 million), up 10% on the year, as per company data.
Purcari Wineries Public Company Limited (stock symbol: WINE), the leading wine producer in Central and Eastern Europe, unveiled today its new mid-term strategy aimed at establishing itself as an emerging global winemaking champion, committed to preserving and promoting the winemaking heritage of New Europe countries.
Kontron Services Romania, the local subsidiary of Austria's Kontron Group, with a major foothold on the market of integrated IT&C solutions supply for the public sector, recorded net loss of RON62 million for 2023, 13-fold higher on the year, as per data reported by the company at the finance ministry.
EVOLOR, one of the largest players in the Romanian varnish and paint production industry, is inaugurating a new high-performance factory on the Oltchim Ramnicu Valcea industrial platform.
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.19990 items