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Portland Trust, one of Romania’s most dynamic real estate developers, has sold a 50-ha land plot in Moara Vlasiei to FallCreek, a US supplier of blueberry seeding material, which will set up a nursery there.
Romania's foreign exchange reserves stood at EUR65.07 billion at end-May 2024, higher by EUR2.5 billion compared with EUR62.5 billion recorded in April 2024, central bank data showed on Monday (June 3, 2024).
The Romanian manufacturing sector’s performance improved further in May 2024, seeing the highest advance since July 2023, according to the latest BCR PMI® data.
Deloitte Romania is expanding its top management team with four new partners, by promoting Andrei Paraschiv, a former Consulting Director, lawyers Irina Dimitriu and Mihnea Galgotiu-Sararu, who have been for several years Partners at Reff & Associates, the law firm affiliated to the Deloitte Legal network, and by recruiting Bogdana Buhos, who will take on the role of Audit and Assurance Partner.
Glissando Garden Center, operating on the Romanian Home & Garden sector, and specializing in the trade of flowers, plants, and garden items, debuted on June 3, 2024 on the AeRO market of the Bucharest Stock Exchange.
Real estate consultancy Cushman & Wakefield Echinox ended 2023 with EUR12 million revenues, up 15% from 2022, with growth supported both by business lines providing brokerage services, and professional services.
Logistics and semiiindustrial space supplier VGP, is expanding Timisoara logistic park with a new building with a leasable area of 32,768 square meters, thus reaching eight warehouses in the project.
Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, has assisted J.C. Flowers & Co. in finalizing the sale of First Bank to Italian group Intesa, thus marking the exit of the US private equity fund from Romania.
Romanian executive Adrian Ariciu, who has run from the CEO position the local operations of German group Metro, active in cash&carry food retail, will take over a regional position. He will be executive vice president (EVP) for Eastern Europe.
One of the oldest companies present on Romania’s IT market, Apcom IT Distribution, previously operating under the name of IRIS, which stands out on the market by being the sole authorized distributor of Apple gadgets in Romania, in 2023 posted RON2.465 billion turnover, up 12.9% from 2022.
Porcelain products maker Apulum Alba Iulia, one of IKEA’s suppliers, for 2023 reported turnover worth RON188.4 million (EUR38.1 million), slightly up, by around 1% from 2022, in line with ZF calculations based on Finance Ministry data.
Romania’s state-run natural gas transmission company (TGN.RO) has announced in a stock market report on May 31 that energy minister, Sebastian Burduja, and Ion Sterian, Director-General of Transgaz, signed a financing contract for the construction of a gas transmission pipeline to supply the Mintia Power Plant situated in Hunedoara county.
Vodafone Romania, one of the largest players on the local communications market and part of British telecom group of the same name, saw a turnover growth rate of over 10%, but it also recorded higher loss, as per data from the company's balance sheet available on the finance ministry website.
Agroland Business System (BVB: AG), a Romanian retail, farming and food entrepreneurial group, which owns the largest network of farm supply stores in Romania, reported, at consolidated level, operating revenue of RON74.5 million in the first quarter of 2024, up 7% from the same period of 2023.
Microsoft Romania, the local subsidiary of US giant Microsoft, reported net loss for the first time since 2000, as per the company's balance sheet submitted to the Finance Ministry.
Natural gas producer and supplier Romgaz (SNG.RO) has announced in a stock market report on Friday (May 31) that the general meeting of shareholders rectified the company's budget of revenue and expenditure for 2024.
Romania's Aerostar Bacau, a company that repairs and retools military aircraft, and US Lockheed Martin partnered up and inaugurated Europe’s first certified HIMARS Sustainment Center, in Bacau (eastern Romania).
Danube freight carrier Transport Trade Services (TTS.RO) has announced in a stock market report on May 31 the intention of the Board of Directors to convene the extraordinary general meeting of shareholders on July 1, when they are expected to vote on a share capital increase in the amount of RON120 million.
Mamaia seaside resort will host the first Radisson Blu Hotel, a project to be developed by Monarc Properties, a real estate developer specialized in developing luxury hotel and residential projects.
Iproeb Bistrita (IPRU.RO), one of the largest local manufacturers of electrical cables and conductors, ended the first quarter of 2024 with net profit of RON7.3 million, fivefold higher (+410%) than the level reported in the same period of 2023, as per the company's data from its quarterly financial report.19029 items