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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.
Wrought iron maker Trutzi of Suceava, controlled by entrepreneur Ciprian Nutu, in 2023 generated turnover worth around RON403.8 million (EUR81.6 million), down 5% from 2022, in line with ZF calculations based on Finance Ministry data.
Moldoglass, a company operating on the glass processing market, managed by entrepreneur Valentin Sumanaru, for 2023 reported turnover worth RON48.2 million (EUR9.7 million), slightly down, by 1.5% from 2022, in line with ZF calculations based on Finance Ministry data.
Regina Maria Dental Clinics will open another three new stomatology clinics in late 2024 and early 2025 as the number of unique patients has doubled in the past year, explained Ionut Leahu, the company’s CEO.
National grid operator Transelectrica (stock symbol: TEL) has announced in a stock market report on Thursday (Oct 3) that the company's Directorate members accepted the mandates valid for the period between October 3, 2024 and February 29, 2029.
Metropolitan Life, the second largest life insurance company in Romania (as per data from Ziarul Financiar daily), announces a 21% annual increase in gross written premiums in the first six months of 2024, to RON378 million.
Mediaposte Hit Mail, the main integrator of direct marketing services in Romania, controlled by a branch of the French Postal Operator, invested EUR1.5 million in a new warehouse for e-commerce fulfillment services (business line fulfill.ro).
The Board of Directors of Romania's central bank authorized on October 1, 2024 the operation in Romania of Polish instant payment system BLIK.
Romania's Finance Ministry raised RON1.42 billion from banks on Thursday (Oct 3), selling government paper in two auctions, at annual average yields of 6.02% and 6.63%, respectively.
Indoor advertising in shopping malls remains one of the most effective methods for brand marketing, as per a survey conducted in the first half of 2024 by Brand Management, the leading indoor advertising company in Romania.
ALRO, one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, is proud to announce the opening of its new cutting-edge aluminum processing facility, CUTSMART SYSTEMS, which is set to further diversify the company's production capabilities.
Polenergia, the largest privately-held energy group in Poland, held by two investment funds, has taken over the remaining 40% ownership stake in project company Naxxar Wind Farm Four SRL (NX4), which is developing one of the largest wind farm projects (onshore) in the region, with an estimated capacity of roughly 685.6 MW, located in Tulcea County.
A multijurisdictional team of lawyers coordinated by Madalina Rachieru-Postolache, Partner Clifford Chance Badea, advised NEPI Rockcastle in connection with its latest green bonds issue, worth EUR 500 million.19990 items