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Rompetrol Well Services (stock symbol: PTR), the oil services division of Rompetrol, has announced in a stock market report on August 6 the conclusion of contracts with OMV Petrom (stock symbol: SNP) whose value individually exceeds 10% of the company's net turnover for 2023.
Intesa Sanpaolo Bank, the Romanian subsidiary of Intesa Sanpaolo Group, the leading banking group in Italy, has concluded a partnership with the European Investment Fund (EIF) that guarantees up to EUR35 million in financing for Romanian companies.
Carmistin Group, one of the largest players in the food industry and mostly on the meat market, has invested EUR10 million in a chicken farm in Scornicesti (Olt County).
Italian group De'Longhi, one of the world's largest actors in the small household appliances manufacturing market, has inaugurated its third production facility in Romania, in Satu Mare.
Hili Properties plc, the real estate arm of Hili Ventures Ltd, has become the sole owner of the MIRO office project located in Baneasa and developed by Belgium's Speedwell, after having secured the remaining 25% shareholding of Baneasa Real Estate SRL, the company which owns the MIRO office building.
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 8.1% in unadjusted data and by 7% when adjusted for seasonality and number of working days, in January-June 2024 compared to the same period of 2023, data from the country’s statistics institute INS showed on Tuesday (August 6).
Meta Estate Trust, a holding company operating in the real estate field, has announced the completion of an over EUR750,000 in a project that matches the business early stage strategic line.
Fuel wholesaler JT Grup Oil, which owns the newest private oil product terminal in Constanta harbor, has officially gone public on the AeRO market of the Bucharest Stock Exchange under the JTG ticker.
Prime Telecom, one of the last significant independent players on the local telecom market, which also owns its own optical fiber infrastructure, plans to also expand on the energy market.
Underline Ventures, the venture capital fund set up by Bogdan Iordache, in its two years of activity has invested around $6 million in 13 tech startups both from Romania and the other countries of the region, in projects with international expansion potential.
Local accommodation units welcomed 5.7 million tourists in the first half months of 2024, meaning an increase of just 3% from the year-earlier period, in line with data provided by Romania statistics board INS.
Bucharest’s four-star hotel Cismigiu, controlled by Spain’s Hercesa, boosted its turnover by 3% in the first half of this year from the year-earlier period, in line with its budget.
Optical retailer Lensa has reached an 87-unit network after having opened 47 units in 2023, in line with its accelerated expansion strategy, explained Gabriel Cubantov, Lensa commercial manager.
The ever-rising demand for housing and the falling deliveries of new housing projects are pressuring the housing market, a reason why prices have also accelerated in mid-summer, SVN consultants consider.
Comes of Savinesti, Neamt county, a supplier of heat-transfer and pressure equipment and spare parts for chemical, petrochemical, oil and gas industries, in the first half of this year generated RON66.9 million turnover, up 34% from H1/2023. The producer also increased its net profit, according to its officials.
The Board of Directors of natural gas producer and supplier Romgaz (stock symbol: SNG) has called the extraordinary general meeting of shareholders for September 11, 2024 to vote, among others, on the delisting of global depositary receipts ("GDRs") issued by The Bank of New York Mellon, and traded on the London Stock Exchange's main market for financial instruments, the company announced in a stock market report on August 5.
Norwegian group Visma, one of the largest European players in the market of accounting and payroll services provided via a software as a service (SaaS) platform, has increased its participation in Keez, a local accounting startup for limited liability companies (LLCs) and PFA (self-employed people).
The European Bank for Reconstruction and Development (EBRD), together with Eiffel Investment Group, will provide EUR24.4 million funding to INVL Renewable Energy Fund I, a fund investing in renewable energy projects, for the construction of a 60 megawatts (MW) capacity solar power plant in Romania.
Romania's Finance Ministry raised RON1.54 billion from banks on Monday (August 5), selling government paper in two auctions, at annual average yields of 5.80% and 6.27%, respectively.20620 items