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The European Bank for Reconstruction and Development (EBRD) has slightly cut its stake in Banca Transilvania, the largest bank in Romania, via the sale of 13.7 million shares in an accelerated bookbuild placement on the Bucharest Stock Exchange.
Financial analysts part of CFA Romania association estimate the Romanian currency will depreciate to 5.0605 units/euro in the next 12 months, while the inflation rate will average 5.45%, down from 5.73% in the previous survey.
The number of jobs employers put on the market in the first half of 2024 topped 150,000, of which almost 40,000 came from the part of retail companies, which continue to have the biggest personnel need in Romania.
Romania’s five largest grain farmers by turnover generated RON3.5 billion in 2023, 15% less than in 2022, and their total net profit dropped 2.5 times, in line with ZF calculations based on public data.
The four-star International Hotel in Sinaia, one of the largest in the mountain resort, with a capacity of 180 rooms, ended last year with RON41.5 million revenue, up 10% on the previous year, Finance Ministry data show.
Staer International, the company that owns furniture stores under the Staer brand, ended 2023 with about RON80.6 million (EUR16.3 million) revenue, 4% lower than the previous year’s RON84 million (EUR17 million), according to ZF calculations based on Finance Ministry data.
The eight large energy companies included in the main index of the Bucharest Stock Exchange, BET, have a market capitalization of RON153 billion and about RON24 billion in cash and cash equivalents or 6.5%, ZF has calculated.
The European Commission published the 2024 Convergence Report on Wednesday in which it provides its assessment of the progress non-euro area member states have made towards adopting the euro. According to this report, Romania does not meet the requirements.
Telekom Romania Mobile, ranking fourth on the local mobile telephony market, a company owned by groups OTE (Greece) and Deutsche Telekom (Germany), has become an exclusive telecommunications partner for Neversea, securing mobile internet and voice during the event.
Natural gas producer and supplier Romgaz, a state-owned company, on June 25 made a term deposit worth RON200 million with Exim Banca Romaneasca.
Restart Energy, one of the main independent suppliers of electricity and renewable energy in Romania for household consumers and SMEs, has completed the construction and installation of two PV power stations for Tulcea-based Aquaserv, totally worth above EUR600,000.
BayWa r.e. Romania, the local subsidiary of BayWa group founded more than 100 years ago in Germania, has acquired White Gate photovoltaic park of Constanta county with a power of around 46 MWp.
Romanians last year spent RON308 million (EUR63 million) in cinemas, 25% more than in 2022, with the number of spectators rising by 16%, to around 13 million persons, slightly below the 2019 level, in line with data provided by Romania National Film Centre and analyzed by real estate consultancy Cushman & Wakefield Echinox.
Entrepreneurial group Agroland Business, which owns the largest farming supplies store chain in Romania, has turned the Caransebes feed factory into a certified organic unit in the wake of a deal that involved a EUR200,000 investment.
Online retailer evoMAG in 2023 saw sales abroad double, with the weight of this segment climbing to around 10% of total sales.
Huawei, Ericsson and Nokia Networks, three of the largest global producers of equipment and services suppliers for the telecom industry, reported declining turnovers in Romania for 2023.
Minifarm pharmacy chain, with units in Tulcea and Constanta counties and in Bucharest, ended 2023 with RON380.5 million turnover, up 19% from 2022.
Fiterman Pharma, the drug producer controlled by Fiterman family of Iasi, in 2023 saw its turnover go down by almost 10%, while profit halved.
Fuel wholesaler JT Grup Oil, which owns the newest private oil product terminal in Constanta harbor, is readying to list on the AeRO market of the Bucharest Stock Exchange, eyeing the first two weeks of next month to this end, the company’s representatives told ZF.
Romanian fintech Instant Factoring IFN has signed a EUR1 million subordinated loan agreement with the European Investment Fund to expand lending to small enterprises in Romania.19015 items