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Libra Internet Bank, which has three bond issues worth a total of EUR48 million (RON250 million) in progress on the Bucharest Stock Exchange, will distribute RON100 million dividends from its unallocated 2023 profit, as the shareholders decided, the lender said in a report published on bvb.ro on Monday.
Romania's Finance Ministry has raised RON335 million from banks on Monday (July 22), selling government paper at an annual average yield of 6.80%.
Investment fund Catalyst Romania is strengthening its team with the appointment of two former investment CEOs, Andreea Pipernea and Nick Kovacs, as Senior Advisors.
Romania's Competition Council has carried out an unannounced inspection at the premises of Sun Wave Pharma SRL, a company active on the food supplement distribution market.
Retele Electrice companies, part of the PPC Group, signed credit agreements worth RON1 billion with the European Bank for Reconstruction and Development (EBRD), Banca Transilvania, BCR and ING Bank Romania, as part of a syndicated financing in which the EBRD was the consortium leader.
Red Point Software Solutions, a Romanian company specialized in providing IT services and solutions and the only SAP Platinum partner in Romania, is acquiring Ness Technologies Ro, part of Ness Digital Engineering, present on multiple markets globally, representatives said in a press statement.
A team of PwC Romania mergers and acquisitions consultants advised the shareholders of Global Records group in the sale of a minority stake to global digital music company Believe.
Redbee Software, DRUID, Questo, Ascendia, FintechOS, Pentest-Tools.com, Kinderpedia and Nestor are the eight Romanian companies included in the latest Deloitte EMEA Technology Fast 500, the ranking of the fastest growing technology companies in Europe, the Middle East and Africa.
Global Vision, a real estate business that operates on both the office and industrial space markets, plans to launch a special division for investment and development of green power projects and its own real estate investment platform open to other investors, following the EUR110 million deal with WDP, the second largest actor on the logistics market.
Sile Fulga will become the executive director of the Dacia Vehicle Plant and supervisor of the Mioveni industrial site.
Romania’s corn production will be about 7 milion tons in 2024, lower than the USDA and European Commission’s forecasts of 10.8 million tons and 10.6 million tons, analysts say, according to the latest public reports.
The starch factory in Medgidia, inaugurated by the Türkiye’s Tosmur Group in 2022, expects its revenue to grow by 5% this year, after having overshot the EUR100 million mark last year, with business coming from the export of production.
Car door handle systems and lock sets manufacturer Huf Romania, part of Germany’s Huf Group, posted RON683.4 million (EUR138.2 million) revenue in 2023, up 35.1% from the previous year’s around RON505.8 million (EUR102.5 million), according to ZF calculations based on Finance Ministry data.
The shareholders of nuclear power producer Nuclearelectrica (SNN.RO), 82.5% held by the Romanian government via the Energy Ministry, on Friday approved the continuation of the small modular reactor project in Doicesti.
US-held Convergint has acquired Helinick, held by the Retegan family, the two companies announced on Thursday.
Goldring, one of the most active brokers in Romania in terms of trading volume at the Bucharest Stock Exchange, aims to register this year 200 clients for the new Discretionary account service, as well as assets worth over RON50 million.
CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), announces the delivery of 23,000 square meters from the CTPark Arad West project, with an additional 20,000 sqm ready for fit-out works of tenant companies.
Romania's Competition Council has announced in a press statement on July 19 that it approved the transaction through which Shoebox Product SRL intends to take over the assets related to the sale of footwear under the Skechers brand, which belong to Peeraj Brands International SRL.
Romania's Competition Council has announced on July 19 that it approved the transaction through which Revaty Limited, Cyprus, and Tradeflax Limited, Cyprus, plan to take over Thermotop Technology S.R.L.
Construction works on Phase II of the Nusco City project in northern Bucharest started in fall 2023 and the first three blocks of apartments, out of a total seven blocks of this phase, are due to be delivered at the end of 2025.19512 items