Found 19043 news
Electronic components manufacturer Plexus Services Ro, the local subsidiary of the US group Plexus, posted RON1.484 billion (EUR300.1 million) revenue last year, up 36.2% compared with the previous year’s RON1.089 billion (EUR221 million), according to calculations made by ZF based on Finance Ministry data.
Drilling company Dafora Medias (DAFR.RO), included on the special watch list of the stock market operator, will withdraw from trading on the Bucharest Stock Exchange on June 19, 2024, as a result of its bankruptcy, a decision of the Financial Supervisory Authority (ASF) published on the Bucharest Stock Exchange website shows.
Vertiv Romania, a provider of critical digital infrastructure solutions and IT support services, ended 2023 with a turnover of over RON91 million (EUR18.3 million), up 11% on the year, as per data published on the finance ministry website.
Rezolv Energy and Low Carbon, via their project subsidiary First Looks Solution, have received loan facilities of up to EUR291 million to support construction of Phase 1 of the Vifor wind farm in Buzau County.
Nearly 41% of HR specialists in Romania support the use of Artificial Intelligence (AI) tools to make employees’ work easier and save time, compared to 35% of HR specialists in Greece, approximately 40% in Bulgaria and Hungary, and only 7% in Moldova, as per a study by Undelucram.ro, the largest online employee community in Romania.
Real estate developer Mitiska REIM has obtained a loan of EUR19 million from Erste Group Bank AG to finance its newest retail park in Pitesti, with BCR acting as security agent.
Romania's Competition Council has conducted unannounced inspections at the premises of 14 companies active on the Romanian information and communication technology (IT&C) equipment market.
Romania's Finance Ministry raised RON3.33 billion from banks on Thursday (June 13), selling government paper in two auctions, at annual average yields of 6.02% and 6.86%, respectively.
KPMG Legal- Toncescu si Asociaţii has announced in a press statement on June 13 that Vasile Tiple has joined the firm in a collaboration designed to help local and CEE clients to understand technology and its challenges, and to use it under optimal conditions. He will also assist clients with the required transformation to implement technology (whether simple robots or genAI).
Real estate consulting company Cushman & Wakefield Echinox has appointed Cristina Lupascu, a specialist with more than 20 years of experience in media and real estate, to the position of Head of Marketing.
Romania's current account deficit stood at EUR6.5 billion in January-March 2024, higher by nearly EUR1.5 billion (+26%) compared to the level reported in the same period of 2023, central bank data showed on Thursday (June 13, 2024).
Tenaris, a global manufacturer that owns among other a pipe plant in Zalau, a steel mill in Calarasi and the sucker rods plant of Campina, has in the past 20 years of presence in Romania carried out investments worth above $500 million, with 97% of output being exported.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, dropped to 6.03%, reaching the lowest value since June 3, 2022, in line with BNR data.
Alexandrion group, the largest local spirits producer and one of the biggest players on the wine market, has carried out a new rebranding for the winemaker of Gura Vadului, which is now named Domeniile Alexandrion Rhein 1892. Previously, the winemaker was called The Iconic Estate.
Metaminds, a Romanian integrator of IT&C solutions and cybersecurity solutions provider, will invest EUR3 million in coming years to create and expand departments dedicated to creating, developing and operationalizing new tech solutions, but also to strengthen expertise for teams specializing in areas such as computing, storage, virtualization, communications and security architecture, according to the company’s representatives.
Paint and varnish producer Evolor, part of ROCA Industry holding, is set to invest in R&D in the coming period as the market it operates on is refining.
Michelin Romania, part of French group Michelin, one of the world’s largest tire manufacturers, for 2023 reported turnover worth RON5.365 billion (EUR1.084 billion), up 3.6% from the previous year.
Sighetu Marmatiei-based company Plimob ended 2023 with a turnover of RON203.9 million (EUR41.2 million), down 8.2% from RON222.2 million (EUR45 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Poland’s Zabka Group, which has more than 10,000 stores on its home market, has recently opened its first stores in Romania and plans to expand fast. It has five stores already open in the country at the moment, with six being prepared.
Stockbroker TradeVille, active mostly on the retail investor segment, reported 120% higher net profit for 2023 versus 2022, while revenue grew by 36% amid enhanced trading activity at the Bucharest Stock Exchange.19043 items