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Raiffeisen Bank, one of the largest banks in Romania, on Monday evening announced Romania’s central bank had approved the proposal voted by the Raiffeisen shareholders for the new Supervisory Board member.
RetuRO, the administrator of the Deposit Return System (DRS) in Romania, the largest circular economy project in Romania, is opening its third regional center for DRS packaging collection, located within the VGP logistics park, in the county of Brasov.
Real estate developer Impact Developer & Contractor (IMP.RO) is listing a new issue of corporate bonds (IMP27E.RO), worth EUR3 million, on the Bucharest Stock Exchange on Tuesday, April 2.
Belgium's industrial and logistics space developer WDP has acquired from ARA Europe and businessman Gheorghe Iaciu the Expo Market Doraly project, the longest-standing and most successful wholesale, cash & carry, and retail commercial park in Romania.
Romania's Finance Ministry raised RON1.93 billion from banks on Monday (April 1), selling government paper in two auctions, at annual average yields of 6.01% and 6.37%, respectively.
US lingerie brand Victoria’s Secret is expanding its presence in Romania with a new store opening in capital city Bucharest, within the Mega Mall shopping center, reaching three units on the local market, all located in the capital city.
Edenred will be launching, for the first time, virtual cards for the Meal Card, Holiday Card, Cultural Card, and Gift Card products.
Romania's foreign exchange reserves stood at EUR64.2 billion at end-March 2024, higher by EUR1.15 billion compared to EUR63.1 billion on February 29, 2024, central bank data showed on Monday (April 1, 2024).
The annual average job vacancy rate was 0.78% in 2023, decreasing by 0.12 percentage points against the previous year, data from Romania's statistics board INS showed on Monday (April 1, 2024).
The year kicked off on a cautiously optimistic note, marked by a selective thaw following a quieter period. The Americas and EMEIA IPO markets had a bright start in 2024, increasing global proceeds, according to the EY Global IPO Trends Q1 2024.
The quite gloomy economic outlooks at European level have raised the alarm level in the Romanian economy as well and part of large companies, particularly those with export operations, have resorted to preventive business restructuring in a bid to curb exposure to a possible negative financial impact, shows an analysis carried out by Sierra Quadrant.
Rating agency Moody’s estimates Romania economy will grow by 3% in 2024 and 3.5% in 2025, supported by consumption, but also by public and private investment, while the government will further face high fiscal and current account gaps, reveals a periodic report on the local market.
Danone Romania, leader of the yoghurt market, has finalized, together with its partners, a EUR7 million investment meant to support small farmers of Zimnicea, who deliver the milk they produce to the Bucharest yoghurt plant.
2B Intelligent Soft (BENTO.RO), a Romanian entrepreneurial company specializing in development and implementation of software solutions and the provision of IT and Cloud infrastructure services, said in a stock market report on March 29 that it expects a turnover of RON68.9 million in 2024, up 60% against 2023, and net profit of RON15.3 million, up 17% from 2023.
Romanian engine manufacturer Uzina Constructoare de Masini (UCM) Resita reported net loss of RON12.2 million for 2023, compared to profit of RON429 million in 2022, according to the financial report published at the Bucharest Stock Exchange.
The Europa Hotel, which is located in the Eforie Nord seaside resort and is held by the company ANA Hotels, was renovated following an investment worth over EUR14 million and is due to open on April 16, 2024.
DN AGRAR Group (DN.RO), the largest integrated livestock farm in Romania, with cow milk production and vegetable production, ended 2023 with net profit of RON23 million, up 63% on the year.
Romanian producer of organic farming inputs Norofert (NRF.RO) reported total revenue of RON41.9 million for 2023, at IFRS consolidated level, down 41.6% versus 2022.
STRABAG, the European technology group for construction services, has completed the T4 terminal of the Iasi International Airport.
The Traian Vuia international airport in Timisoara, western Romania, has inaugurated on Friday (March 29) a terminal destined exclusively for passengers who will be traveling in the Schengen space, starting with March 31, 2024.19075 items