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Real estate developer METAV has started construction of a new residential complex, Bellemonde, in Pipera, north of Bucharest, after securing the construction permit from the authorities of the city of Voluntari.
UniCredit Bank has completed a syndicated transaction as Joint Global Coordinator and Bookrunner, consisting of a financing package of up to EUR291 million for First Look Solutions SRL, a joint-venture between Rezolv Energy and Low Carbon, with the aim of funding the development of Phase 1 of a wind energy project.
Lactalis Romania group has started the procedures to close the plant in Miercurea Ciuc it got together with Covalact in 2016, but announced investments in the remaining facilities – Oiejdea, Alba County, Sfantu Gheorghe – Covasna County, Campulung Moldovenesc – Suceava County and Tunari – Ilfov County.
The employment rate for the working age population (15-64 years) was 64.2% in the first quarter of 2024, higher by 1.2 percentage points compared to the level recorded in the fourth quarter of 2023, data from Romania's statistics board INS showed on Friday (June 14).
The average net salary in Romania edged up 0.6% in nominal terms in April 2024 compared to March 2024, to 5,217 (EUR1,049), data from the country's statistics board INS showed on Friday (June 14, 2024).
State-owned Nuclearelectrica, Romania’s sole nuclear power producer, is convening shareholders to approve among others the amendment of the 2024 budget and the granting of a loan of as much as RON814 million to EnergoNuclear subsidiary for investments in Cernavoda 3 and 4 reactors.
Romania’s industrial production increased by 12.1% in unadjusted data in April 2024 versus April 2023 and by 3.6% when adjusted for seasonality and the number of working days, data from the country’s statistics board INS showed on Thursday (June 13, 2024).
Polish-held fashion discounter Pepco, the leader of the fashion market in Romania, ended 2023 with almost RON2.6 billion sales, 11% higher than in 2022, ZF calculated based on public data.
Celestica Romania, the local subsidiary of Canadian group Celestica, ended 2023 with a turnover of RON1.967 billion (EUR397.8 million), up 19.1% from nearly RON1.591 billion (EUR322.7 million) in 2022, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
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).19512 items