The Petromidia Navodari refinery has returned to optimal operational capacity, following the successful completion of the programmed technological operations carried out by Rompetrol Rafinare, member company of the KMG International Group (Rompetrol), the company announced in a stock market report on Monday (Feb 6).
Romanian state-run energy holding Complexul Energetic Oltenia will receive state aid worth RON453.5 million (EUR90.7 million) for 2023, from the state budget, in order to fund the purchase of greenhouse gas certificates, as per a draft government decision.
Mozaik Investments private equity firm, whose shareholders include Sasha Dragic, founder of the Superbet group, has signed an agreement to buy a minority stake in the Untold Group, the largest player on the Eastern European entertainment market.
THETA Furniture & More, an integrator of interior design solutions in Romania, said it appointed Catalin Rotaru to the position of Chief Executive Officer (CEO) of the company, effective February 1, 2023.
Trade between Germany and Romania maintained on an upward trend, reaching EUR37.5 billion in 2022, up 13.9% versus 2021, according to the Romanian-German Chamber of Commerce and Industry (AHK Romania), citing the latest data from the Federal Statistical Office (Destatis).
Retail sales in Romania, excluding vehicle sales, increased by 7.5% in unadjusted data in December 2022 compared to November 2022 and by 1.4% when adjusted for seasonality and number of working days, data from the country’s statistics institute showed on Monday (Feb 6).
The shares of Safetech Innovations will be listed on the Main Market of the Bucharest Stock Exchange (BVB) under the stock ticker SAFE, on Feb 6, after the transfer from the AeRO market, the equity segment of BVB's Multilateral Trading System.
Building materials producer TeraPlast, controlled by Dorel Goia, has opened a logistic and rapid delivery center in Galati, set to serve Galati, Braila, Tulcea, Vrancea, Ialomita and Constanta counties.
Electrocentrale Bucuresti SA (ELCEN), Bucharest’s main heat supplier, has announced the Bucharest Tribunal decided to close insolvency proceedings and reintroduce ELCEN in the economic circuit.
Licurici Impex, a FMCG wholesaler of Onesti, Bacau county, in 2022 generated turnover worth above RON488 million (EUR99 million), up 9% from 2021, in line with ZF calculations based on company and Finance Ministry data.
The total amount of foreign investments in Romanian companies exceeded EUR50 billion in 2022 and the top three sources of foreign investments were the Netherlands (EUR9.3 billion), Germany (EUR5.4 billion) and Austria (EUR5.3 billion), as per data from Romania's Trade Register, analyzed by law firm ONV LAW.
Modern retail chains Profi and Auchan have recently concluded a partnership for joint negotiations with large suppliers for the purpose of improving the bargaining power of the two chains "to the advantage of end consumers."
Sales of over-the-counter (OTC) drugs reached RON6.7 billion (almost EUR1.4 billion) in 2022, up 23% from the previous year, data from market research company Cegedim show.
Romanian natural gas producer and supplier ROMGAZ (SNG.RO) and SOCAR TRADING, a subsidiary of the State Oil Company of the Republic of Azerbaijan, signed on February 3, 2023, in Baku, a new individual contract for gas deliveries from Azerbaijan to Romania.
New registrations of road vehicles for passenger transport decreased by 12.3% in Romania in the fourth quarter of 2022 compared to the fourth quarter of 2021, data from the country’s statistics board INS showed Friday (Feb 3).
The Romanian investment market recorded transactions worth over EUR1.25 billion in 2022, well above the EUR890 million level recorded in 2021, seeing the highest value since 2007, as per the 2022 Annual Report released by Colliers.
Romania registered 8% more company insolvencies, 21% more suspensions and 15% more company deletions or dissolutions in 2022 versus 2021 , as per the latest edition of the KeysFin Macro Update report.