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Romania's current account balance posted a deficit of EUR2.7 billion in January-February 2024, 25% higher than in the year-ago period, central bank data showed on Friday (April 12, 2024).
Real estate developer One United Properties, controlled by Andrei Diaconescu and Victor Capitanu, will carry out an accelerated private placement for the sale of a stake of 360 million shares accounting for 9.5% in the company’s capital.
ROCA X Venture Capital in the first quarter of 2024 exited the shareholding structure of CODA Intelligence, a Romanian startup specialized in cybersecurity solutions that has been taken over by US company PDQ.
The average net salary in Romania increased by 14.2% in February 2024 compared with February 2023 to RON4,876, data from the country’s statistics board INS showed on Friday, April 12, 2024.
Romania’s industrial production was 1.8% smaller in the first two months of 2024 against the same period of 2023 due to declines in all the three major industrial sectors, data from the country’s statistics board INS showed on Friday, April 12, 2024.
Germany’s Stada, which is building a drug plant in Turda, Cluj county, will manufacture the first drug box this October in the new unit.
Uniprest Instal, a wholesaler of heating installations controlled by Dutch group Rensa, in 2023 reported turnover worth RON278.7 million (EUR56.3 million), slightly up, by around 1%, from the previous year, in line with ZF calculations based on Finance Ministry data.
Six months after entering Romania, Ukrainian retailer Aurora has reached 10 stores, all in the area of Moldavia, and is continuing expansion in the same region.
Power Net Consulting, a company specialized in providing IT security, digitalization and IT infrastructure solutions, saw its turnover surge almost 300% in 2023, reporting again, after 13 years, a turnover of over RON70 million, as per data from the company's balance sheet available on the finance ministry website.
Builder SSAB AG of Bacau, which built the Ikea store in Timisoara and several plants and warehouses, posted 51% growth in revenue to RON599.7 million in 2023, the latest data on the Finance Ministry website show.
Astra Vagoane Calatori, one of the biggest players on the local rolling stock market, held by Valer Blidar, ended last year with over RON600 million revenue, more than double the previous year.
Centrom SRL and Cert Master Standard SRL, which own 5.8% in Meta Estate Trust (MET.RO) holding company operating in real estate sector, have requested an amendment to the agenda of the Extraordinary General Meeting of Shareholders on April 25-26 to include an item about a program of issuance of non-convertible bonds.
Electricity supplier and distributor Electrica (EL.RO) has announced in a stock market report on April 11 that Sunwind Energy, its subsidiary, signed an EPC (Engineering, Procurement & Construction) contract for the "Satu Mare 2" project.
Alternative investment fund Lion Capital (LION.RO), formerly known as SIF Banat-Crisana, has summoned the ordinary and extraordinary general meetings of shareholders for April 29-30, 2024 to vote, among others, on distributing the 2023 net profit.
Flanco, one of the largest local retailers of IT&C, electronics, and home appliances, will undergo a rebranding process as it aims to reposition itself as the first smart electro-IT discounter in Romania.
Romania's Finance Ministry raised RON580 million from banks on Thursday (April 11, 2024), selling benchmark bonds, above the planned value of RON400 million due in April 2031, at an annual average yield of 6.59%.
Bucharest's average office fit-out costs are among the lowest in Central and Eastern Europe (CEE) despite increasing by around 15-20% during the past 12 months, according to data from real estate consultancy company Cushman & Wakefield Echinox.
Romania's annual inflation decreased to 6.6% in March 2024, compared to 7.2% in February 2024 and 7.4% in January 2024, data from the country's statistics board INS showed on Thursday (April 11).
Chemical compound Chimcomplex Borzesti has announced approval of the "Precautionary Measures and Accelerated Development Plan" for 2024, which includes a reduction of allowances for board of directors members and directors, the decision of not distributing dividends and the acceleration of its production activity in the direction of green chemistry.
Dragos Damian, CEO of Terapia Cluj, announced in an interview with ZF the company has over EUR10 million worth of investments underway in new manufacturing technologies, expansion of end product warehouse, a solar park and the regeneration of the production site.19058 items