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Vegetable oil producer Argus Constanta (UARG.RO), 91.4% held by Infinity Capital, notified the Bucharest Stock Exchange on Thursday evening of having si9gned a RON67 million loan agreement with Banca Transilvania.
Romanian state-run port operator Oil Terminal (stock symbol: OIL) has announced in a stock market report on August 22 that it signed a partnership agreement with Swiss company Euronova Energies regarding the construction of a bitumen terminal in the Port Of Constanta.
Anca Luca, who has been a community manager for startups within Banca Comerciala Romana (BCR) over the last years, was recruited by the InnovX startup accelerator for the position of Chief Growth Officer (CGO).
Alina Iacomi, currently Tribe Lead Digital and product owner at ING Home’Bank in Romania, will take over the position of Chief Operating Officer (COO) at ING Italy, starting October 1, 2024, and will be joining the bank's Executive Board.
Back-to-school spending is likely to remain unchanged this year, as 73 percent of parents are concerned about rising prices for everyday purchases, so low and middle-income ones are planning to spend less for this purpose in 2024, by 4 percent and 9 percent, respectively, 47 percent having less money to spend, and 44 percent being concerned about economy, according to the Deloitte back-to-school 2024 survey.
Romania’s state-owned natural gas producer Romgaz (SNG.RO) announced in a stock market report on Thursday (August 22) the conclusion of a new transaction with E.ON Energie Romania, a company part of Germany’s E.ON Group.
Uniqa Asigurari and Uniqa Asigurari de Viata, the local companies part of Austrian group Uniqa, ended the first half of 2024 with cumulated gross underwritten premiums worth EUR67.8 million, 18% higher than in H1/2023.
Bucharest will during the 2024-2026 period register the strongest increase in new hotel spaces among CEE capital cities, with an advance of around 5.8%, meaning another 2,400 rooms will be delivered, a rate that tops the CEE-6 average growth of 3.2%, reveals an analysis by real estate consultancy Cushman & Wakefield.
Winemaker Purcari Wineries in the first half of this year registered RON166 million revenues, up 3%, and RON29 million net profit, 8% above the level of H1/2023.
SIVA Uniforms, the main professional outfit plant in Romania, expects turnover to double this year, to EUR4 million, and aims expansion of the brand on new foreign markets.
The European Bank for Reconstruction and Development (EBRD), CEECAT Capital Fund, a regional private equity fund that works with visionary founders to support businesses growth, and Morphosis Capital Fund II, a growth capital fund focused on turning local SMEs into regional players, have entered the shareholding structure of Romanian-held food retailer La Cocos.
Linnify, a Romanian IT company founded in 2016, saw its turnover top RON10 million (over EUR2 million) in 2023, up more than 12% against 2022.
Door and window manufacturer Casa Noastra of Dolj county, present on the market with QFort brand, earmarks as much as RON1 million for research, development and innovation annually.
The five-star Marmorosch Bucharest hotel, owned by Lithuanian group Apex Alliance, had an average occupancy rate of 80% in the first half of 2024, higher than in the year-ago period, and expects revenue to be at least 10% higher by the end of the year.
The manufacturer of plastic parts and subassemblies for the automotive industry Oechsler Romania, the local subsidiary of the German group Oechsler, posted RON158.2 million (about EUR32 million) revenue in 2023, up 5.5% from the previous year’s RON149.9 million (EUR30.4 million), Finance Ministry data show.
Antibiotice Iasi (ATB.RO), the largest Romanian-held drug producer, posted RON150 million revenue from exports in the first half of 2024, an increase of 25% on the year-ago period.
Car parts manufacturer Bos Automotive Products Romania, the local subsidiary of Germany’s BOS GmbH&Co. KG, had a turnover of RON421.6 million (EUR85.2 million) in 2023, down 5.6% from a RON445.4 million (EUR90.3 million) turnover reported in 2022, in line with finance ministry data.
Hungarian clothing brand Budmil has entered the Romanian fashion market with the opening of its first store locally, in the town of Targu-Mures, within the Plaza M shopping center.
The number of job vacancies reached 34.5 thousand in the second quarter of 2024, marking a decrease of 0.5 thousand compared to the previous quarter, data from the country’s statistics board INS showed on Wednesday (August 21).
Real estate developer Impact Developer (stock symbol: IMP) ended the first half of 2024 with loss of RON12.8 million, compared with net profit of RON34.3 million in the same period of 2023, amid high financial costs which were not capitalized in 2024, as per its half-yearly financial report.20620 items