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Transilvania Investments Alliance is convening shareholders to approve among others the distribution of a gross dividend of RON0.015/share and a buyback program.
Group of firms Maviprod-IRUM, owned by the Oltean family of Reghin, ended 2023 with a turnover of EUR55.9 million and targets a 5% increase in 2024.
The first luxury hotel under the Mondrian brand is due to open until 2026 in downtown Bucharest, near the Romanian Athenaeum, following a partnership between real estate developer One United Properties (ONE) and global hospitality company Ennismore.
Investment fund Fortech Investments will finance local medtech startup Rayscape (formerly known as Xvision) with EUR500,000, as per an announcement on LinkendIN, a business and employment-focused social media platform that works through websites and mobile apps.
Shipyard Damen Galati, held by Dutch Damen Group, ended 2023 with a turnover of EUR115.8 million, more than double on the year, returning in fact to the level recorded in 2021, according to company officials and in line with public data on finance ministry website.
On Monday (March 4), a special transaction with 587,519 shares of the company Univers Ramnicu Valcea (UNVR.RO) was registered in the Bucharest Stock Exchange system, as per data on the Bucharest Stock Exchange.
IPEC (Întreprinderea de Portelan Elena Covaciu), the company that manufactures ceramic products for household and ornamental use and is one of IKEA's main suppliers on the local market, ended 2023 with a turnover of nearly EUR29 million and targets a 15% increase in 2024.
Aluminum producer Alro Slatina (ALR.RO) announced in a stock market report on March 4 that following an audit performed by the country's tax authority ANAF it received an additional taxation notice in the amount of RON13,55 million, representing additional profit tax and VAT.
Romania's industrial production prices for the total (domestic market and non-domestic market) decreased by 6% in January 2024 compared to January 2023, data from Romania’s National Statistics Institute INS showed on Monday (March 4, 2024).
Romania’s unemployment rate rose to 5.7% in January 2024, higher by 0.1 percentage points compared to December 2023, data from the country’s statistics institute INS show on Monday (March 4, 2024).
Romania's Finance Ministry raised RON1 billion from banks on Monday (March 4), selling government paper in two auctions, at annual average yields of 6.13% and 6.54%, respectively.
At the end of 2023, Swedish group OX2 got the construction permit for the most advanced project in its portfolio, with an installed capacity of 99 MW and a grid connection contract from March 2023.
OMV Petrom continues for the third consecutive year the partnership with the Medcorp Association and supports the implementation of the “Health in the Neighborhood” program with a budget of 8 million RON in 2024.
The number of IT specialists employed in Romania has seen a steady increase in recent years, making it one of the sectors with the highest salaries, as well as a high degree of workforce mobility, as per the study “What It’s Like to Work in IT in 2024,” conducted by the online recruitment platform bestjobs in partnership with Orion Innovation, a global leader in IT services and solutions.
Affidea group, the biggest player in the imaging field, has taken over the five clinics of MedEuropa Romania, specialized in radiotherapy, present in four major cities of the country.
Simtel Team, a Romanian engineering and tech company listed on the AeRO market of BVB, has acquired Oasis Green Energy 3, a project company that is developing a photovoltaic park in Salonta, Bihor county, thus reaching a portfolio of six such parks.
Online retailer evoMAG estimates a 20% increase in sales to companies and public institutions for 2024, with this segment set to generate a quarter of overall sales at end-2024.
Clinic network Dora Optics, present in Mures, Harghita, Cluj and Sibiu countries, has recently finalized a EUR5.5 million investment in the construction of a private hospital in Targu Mures, with ophthalmology, cardiology, ORL and plastic surgery services.
Motorola Mobility, part of Chinese group Lenovo, plans to reach the threshold of 500,000 smartphones sold in Romania this year, thus maintaining the growth pace registered locally in recent years.
Romanian precast concrete product manufacturer ASA CONS of Turda has completed an over EUR1 million investment program, which envisaged increasing by 30% the warehousing capacity for end products and installing photovoltaic panels on part of production halls.19075 items