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Fuel wholesaler JT Grup Oil, which owns the newest private oil product terminal in Constanta harbor, has officially gone public on the AeRO market of the Bucharest Stock Exchange under the JTG ticker.
Prime Telecom, one of the last significant independent players on the local telecom market, which also owns its own optical fiber infrastructure, plans to also expand on the energy market.
Underline Ventures, the venture capital fund set up by Bogdan Iordache, in its two years of activity has invested around $6 million in 13 tech startups both from Romania and the other countries of the region, in projects with international expansion potential.
Local accommodation units welcomed 5.7 million tourists in the first half months of 2024, meaning an increase of just 3% from the year-earlier period, in line with data provided by Romania statistics board INS.
Bucharest’s four-star hotel Cismigiu, controlled by Spain’s Hercesa, boosted its turnover by 3% in the first half of this year from the year-earlier period, in line with its budget.
Optical retailer Lensa has reached an 87-unit network after having opened 47 units in 2023, in line with its accelerated expansion strategy, explained Gabriel Cubantov, Lensa commercial manager.
The ever-rising demand for housing and the falling deliveries of new housing projects are pressuring the housing market, a reason why prices have also accelerated in mid-summer, SVN consultants consider.
Comes of Savinesti, Neamt county, a supplier of heat-transfer and pressure equipment and spare parts for chemical, petrochemical, oil and gas industries, in the first half of this year generated RON66.9 million turnover, up 34% from H1/2023. The producer also increased its net profit, according to its officials.
The Board of Directors of natural gas producer and supplier Romgaz (stock symbol: SNG) has called the extraordinary general meeting of shareholders for September 11, 2024 to vote, among others, on the delisting of global depositary receipts ("GDRs") issued by The Bank of New York Mellon, and traded on the London Stock Exchange's main market for financial instruments, the company announced in a stock market report on August 5.
Norwegian group Visma, one of the largest European players in the market of accounting and payroll services provided via a software as a service (SaaS) platform, has increased its participation in Keez, a local accounting startup for limited liability companies (LLCs) and PFA (self-employed people).
The European Bank for Reconstruction and Development (EBRD), together with Eiffel Investment Group, will provide EUR24.4 million funding to INVL Renewable Energy Fund I, a fund investing in renewable energy projects, for the construction of a 60 megawatts (MW) capacity solar power plant in Romania.
Romania's Finance Ministry raised RON1.54 billion from banks on Monday (August 5), selling government paper in two auctions, at annual average yields of 5.80% and 6.27%, respectively.
Online retailer eMAG is launching a new online shop-in-shop with apparel, footwear and accessories, called Fashion Shop, which sells more than one million products, the company’s representatives said in a press statement.
Amber, a video game development agency headquartered in Bucharest and with offices worldwide, has announced the acquisition of Colombian game studio Madbricks.
Romania's Competition Council has announced in a press statement on August 5 that it conducted unannounced inspections at eight units that carry out car repairs covered under the compulsory civil liability insurance RCA.
More than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six months of 2023 when a total of 3,401 company insolvencies were recorded, as per an analysis by insolvency specialist CITR.
Universum Events SRL, the company organizing tech events such as Bucharest Technology Week and GoTech World, ended 2023 with a turnover of RON27.7 million, up 39% versus 2022, as per finance ministry data.
How to Web Media SRL, the company organizing the How to Web tech conference, had a turnover of RON1.98 million in 2023, down 9% from 2022, as per finance ministry data.
New registrations of road vehicles for passenger transport increased by 17.3% in the second quarter of 2024 compared to the second quarter of 2023, data from the country’s statistics institute INS show on Monday (August 5, 2024).
Garanti BBVA, a bank part of Garanti BBVA Romania group, ended the first half of 2024 with net revenues worth RON319.6 million, up 30.6% from the year-earlier period, while net profit overshot RON78.2 million and assets totaled RON15.87 billion.19512 items