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Raiffeisen Bank Romania has completed the selection process for MoonShotX project carried out in partnership with InnovX, via which the bank wants to support companies with turnover of between EUR5 million and EUR50 million (Mid-Corporate) to scale up their business in the region.
Global logistics network NewCold, one of the world’s largest operators of automated cold storage warehouses, has arrived in Romania by acquiring a 9-ha land plot in northern Bucharest from Belgian developer WDP.
New car registrations in Romania rose by 8% in January-August 2024 against the same period of last year, to 106,534 units, while at EU level, new car registrations went up by 1.4% to 7,180,492, ACAROM and ACEA data showed on September 9.
Dan Timotin, a Romanian executive with 13 years of experience in the Coca-Cola system, took over as general manager of Coca-Cola HBC Egypt last month, according to his LinkedIn profile.
Mihnea Radulescu, one of the best known executives in the local telecom industry, who has been running the business unit of Vodafone, will return to US telecom giant Liberty Global as of October 1, where he will become chief executive officer of UPC Slovakia and infrastructure development vice president of the group for Central and Eastern Europe.
Real estate developer One United Properties (ONE.RO) on Wednesday notified the Bucharest Stock Exchange that Vinci Ver Holding, the special purpose vehicle of Victor Capitanu, one of the two founders, had requested that a new item about a buyback be added to the agenda of the shareholder meeting on October 10.
Andreas STIHL Power Tools SRL, the local subsidiary of Andreas STIHL AG&Co. KG. of Germany, has invested more than EUR21 million so far and created around 40 jobs at its new plant in the Eurobusiness I Industrial Park in Oradea.
Agroserv Mariuta (MILK.RO), a Romanian agribusiness and owner of the Laptarie cu Caimac dairy brand, posted RON59 million operating revenue in the first half of 2024, an increase of 1% on the year-ago period. Losses widened to RON646,270 from RON399,000, the company said in its first half report sent to the Bucharest Stock Exchange.
CITR, the court-appointed trustee of Damen Shipyards Mangalia, has had repair contracts signed for two ships and identified the assets that are non-essential for the shipyard’s operation in view of a sale (farmland, housing, buses).
Romania is the country with the highest inflation rate among the European Union member countries, for the sixth consecutive month, after reporting an annual consumer price index of 5.3% in August 2024, in line with data provided by Eurostat, the statistical office of the European Union, on Wednesday (Sept 18).
Romania will have a budget deficit of 7% of gross domestic product (GDP) in 2024, which will be the highest in the European Union, analysts of International Rating Agency Fitch Ratings said in a report released on Sept 17.
Marek Gebski is the new Marketing & Digital Director at Philip Morris Romania, effective October 1, 2024.
The volume of construction works in Romania decreased, in unadjusted data, by 2.7% in January-July 2024 and by 2.5% when adjusted for the number of working days and seasonality, data from Romania’s statistics office INS showed on Wednesday (Sept 18).
Meta Estate Trust, a holding company operating in the real estate field, has signed memorandums of understanding for the acquisition of four commercial spaces that will be developed in several localities of Romania and subsequently be leased on the long term, of 10-15 years, by German discounter Penny.
One United Properties, the leading green investor and developer of residential, mixed-use and office real estate in Romania, has sealed a partnership with Paris Society, part of Ennismore group, to open a Bonnie restaurant within Mondrian Bucharest hotel.
The shareholders of constructions group IBB Holding, with 12 companies operating in the construction field, have approved the issue of bonds with a value of up to EUR10 million, with a minimum 24-month maturity and maximum 60-month maturity, and their subsequent listing on the Bucharest Stock Exchange.
Safety Broker, leader of the insurance brokerage market, ended the first half of 2024 with RON851.6 million gross brokered premiums, up 35% from the same period of 2023.
Luxury conglomerate Cartier, controlled by Richmont group, is looking to open a first monobrand store in Romania, market sources have told ZF.
Hungary-based startup Munch, which provides an application designed to help curb food waste and entered the Romanian market this spring, is expanding operations in the country to Iasi, where it already has 12 partners with 46 locations registered with its platform.
Electricity supplier and distributor Electrica (stock symbol: EL) has informed its shareholders and investors in a stock market report on Sept 17 that it has attracted nearly EUR3.4 million in non-reimbursable European funds through PNRR (National Recovery and Resilience Plan) for a project targeting the construction of an electricity storage capacity.19990 items