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ONV LAW, one of the most dynamic law firms in Romania, has announced in a press statement on April 25 that it is expanding its team with six new lawyers, as a result of a 20% increase in its project portfolio in the first three months of the year.
Romania's Finance Ministry raised RON1.39 billion from banks on Thursday (April 25), selling government paper in two auctions, at annual average yields of 6.24% and 6.82%, respectively.
CEE startup nPloy, which developed an online job ad platform and launched in Romania early in 2023, has expanded its job ad offering with work-from-anywhere remote jobs in the tech industry, the company said in a release.
Siemens Healthineers has announced the premiere installation of MAGNETOM Flow in Romania, an innovative magnetic resonance imaging (MRI) technology designed to improve diagnostic capabilities and increase efficiency in patient care.
In the wake of an economic downturn, Central and Eastern European (CEE) countries witnessed a dramatic surge in company insolvencies throughout 2023.
Austrian constructions company Strabag in 2023 registered a 65% increase in production volume, to EUR519 million, in parallel with a 13% reduction in orders, at EUR495 million.
Sphera Franchise Group, the company that manages KFC, Taco Bell and Pizza Hut restaurants locally, has opened its third KFC restaurant in the town of Pitesti, within the Arges Mall shopping center, following an investment worth over EUR0.5 million.
The number of housing units sold in Bucharest in the first quarter of the year rose by 18% from the year-earlier period, while nationwide demand went up by 19%, according to real estate consultancy Colliers.
PepsiCo, a major player on the snacks and beverages market, has completed works to install over 3,000 photovoltaic panels on Dragomiresti, Popesti-Leordeni and Covasna plants, in the wake of a total $2.1 million investment.
The Parc Hotels complex, one of the largest hotel companies that includes four-star units Ramada Parc and Ramada Plaza located in northern Bucharest, ended 2023 with a turnover of RON63.4 million (EUR13 million), up 3% on the year, in line with data from the finance ministry.
The Bucharest Stock Exchange (BVB.RO), the operator of the capital market in Romania, announced that during the April 24 meeting its shareholders approved distribution of RON12.5 million dividends from 2023’s profit or a gross dividend of RON1.555 per share, which translates into a 2.4% yield based on the trading price.
Half of the real estate companies in Central Europe (49%) estimate investment to increase in 2024 and only 19% expect a decrease (lower than 51% in 2023), amid improving perception of growth potential in the market, according to Deloitte's 2024 Real Estate Confidence Survey for Central Europe.
Dutch-Belgian Ahold Delhaize Group, owner of the Mega-Image store chain in Romania, has announced the opening of a technology center in Bucharest that will employ around 250 specialists over the next few years.
Romanian banks registered above average income growth versus European peers in 2023, but they still need to catch-up (even with some CEE peers) in productivity metrics like profit per customer or income per employee, global consulting company Kearney says in annual European Retail Banking Radar report.
Romania’s largest oil and gas producer, OMV Petrom, announced in a stock market report that its shareholders approved in their ordinary general meeting of April 24 the distribution of a gross dividend of RON0.0414 per share, from the net profit of 2023.
In their ordinary general meeting of April 24, the shareholders of pharmaceutical producer Biofarm Bucuresti (BIO.RO) approved, among others, the financial statements for 2023, the budget of revenue and expenditure for 2024, and the distribution of dividends in the amount of RON30.5 million from the net profit recorded in 2023, as per stock market data.
Carbochim Cluj-Napoca (CBC.RO), the largest professional abrasives manufacturer in Romania, plans to grow its turnover by 20% in the next two years, to over EUR9 million.
Dent Estet, an actor on the Romanian dental clinic market, has invested over EUR12 million in medical infrastructure since 2016, reaching 18 clinics in the largest cities in the country.
Only three percent of organizations across the globe have the ‘Mature’ level of readiness needed to be resilient against modern cybersecurity risks, according to Cisco’s 2024 Cybersecurity Readiness Index.
Romania’s largest oil and gas producer, OMV Petrom, will be testing a new carbon capture and utilization technology at the Petrobrazi refinery, starting in June.19058 items