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A giant project of around 770 MW in Suceava got Transelectrica’s technical ok last month to connect to the network.
UPS Romania, a major player on the local courier services market, part of the US group of the same name, bets on Romanian companies’ exports to scale up its local business.
Deloitte Tehnologie SRL, the IT services center the consulting and auditing company opened in Bucharest in 2016, saw its revenue growth pace abruptly slow down in 2023, following six double-digit increases (between 499% and 22%), and the number of employees shrank for the first time, Finance Ministry figures show.
IBB Holding Group (IBB Holding), a group of 12 companies operating in the construction industry, mainly infrastructure construction, plans to raise EUR10 million through a bond issue on the Bucharest Stock Exchange to increase production capacity and secure working capital.
Entrepreneurial group Agroland Business System (AG.RO), which owns the largest farming supplies store chain in Romania, on Monday added more items to the agenda of the Extraordinary General Meeting of shareholders set for July 1, at the request of the majority shareholder and chief executive officer Horia Cardos.
Fuel trader Votrom, held by the Tulvan family in Oradea, ended 2023 with a turnover of RON768.8 million (EUR155.4 million), slightly lower than RON774.2 million (EUR157 million) reported in 2022, in line with data on the finance ministry website.
Electric motor plant Nidec of Oradea, owned by Japan’s Nidec, ended 2023 with a turnover of almost RON223.3 million (EUR45.1 million), up 5.6% from RON211.5 million (EUR42.9 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) decreased by 3.6%, in nominal terms, in April 2024 compared to March 2024, but increased by 8.5% compared to April 2023, data from the country's statistics board INS showed on Monday (June 17).
Romania’s industrial sales (on the domestic and external markets) inched down 0.3% in nominal terms in April 2024 compared to March 2024, but increased 18.8% versus April 2023, data from the country’s statistical office INS showed on Friday (May 17).
Japanese group Sumitomo, which owns Alcedo in Romania, a major farming input wholesaler, has acquired Naturevo, also a farming input wholesaler, according to Naturevo representatives.
Romania's Finance Ministry has raised RON500 million from banks on Monday (June 17), selling benchmark bonds at an annual average yield of 6.43%.
Romania's Competition Council has launched an investigation into possible manipulations of public tenders organized by certain contracting authorities/entities for the awarding of electricity meter reading service contracts in Romania.
Romania's Competition Council is assessing a transaction through which Guala Closures S.p.A., Italy, plans to take over Astir Vitagiannis Bros. S.A., Greece, including its subsidiary, Coleus Packaging Proprietary Limited, South African Republic
OMV Petrom (BSE:SNP), the largest integrated energy producer in Southeast Europe, will be investing nearly EUR750 million in the Petrobrazi refinery to transform it into the first major producer of sustainable fuels in the region.
Raiffeisen Bank Romania is launching MoonShotX, a project aimed at supporting companies with a turnover between EUR5 million and EUR50 million (Mid-Corporate) to scale up their businesses regionally.
Romanian lender Banca Romana de Credite si Investitii has expanded its services portfolio with the Plati Instant service developed by TRANSFOND, which allows the inter-banking transfer of sums of up to RON50,000 in less than 10 seconds.
Starting June 18 until June 28, retail investors can subscribe Fidelis government bonds at interest rates of 7% for lei and 5% for euro in a new issue carried out by the Finance Ministry.
Oracle Global Services Romania, part of US group Oracle, one of the world's largest tech groups, registered an almost 16% turnover decline in 2023 year-on-year, to over RON518.4 million (EUR104.2 million).
Inter Computer (IC) Romania, the local subsidiary of the Hungarian group of the same name, operating on the tech solutions market, targets EUR3 million turnover for 2024, the first year of activity for the company on the local market.
Fashion retailer Peek & Cloppenburg, which operates on the market of large, multibrand-type stores, is launching a smaller format, so as to be able to expand to secondary cities of Romania as well.19058 items