Found 19075 news
Door and window manufacturer Casa Noastra of Dolj county ended 2022 with EUR130 million, down 9% from 2022, with the level representing just sales in Romania.
Infinity Capital Investments (SIF5 – formerly known as SIF Oltenia) has announced in a stock market report on Friday (Jan 12, 2024) that it was organizing on Jan. 31, 2024 an open competitive bidding for the sale of the 99.99% stake in the share capital of Complex Hotelier Dambovita, respectively 1.75 million shares, at the minimum starting price of RON20 million.
Building materials manufacturer TeraPlast Bistrita (TRP.RO) has informed the capital market in a report on Friday (January 12, 2023) about the signing of the closing certificate in the acquisition of Palplast Moldova, following the fulfilment of all preceding conditions.
Romanian state-owned oil transporter Conpet Ploiesti (COTE.RO) in a stock market report on Friday (January 12, 2024) announced the conclusion of an agreement worth RON105.97 million with OMV Petrom (SNP.RO), the largest integrated energy company in Southeast Europe.
Romania’s industrial production decreased by 4.7% in unadjusted data in November 2023 versus November 2022 due to drops recorded for the following industrial sectors: manufacturing (-5.3%), electricity, gas, steam and air conditioning supply (-1.9%) and mining and quarrying (-1.8%), data from the country’s statistics board INS showed on Friday (January 12, 2023).
Romania's current account balance posted a deficit of EUR20.2 billion in January-November 2023, lower than the EUR24.3 billion level reported in the same period of 2022, central bank data showed on Friday (January 12, 2023).
A team of transaction specialists of PwC Poland and PwC Romania assisted the Zabka Group, one of the largest grocery retailers in Poland in its acquisition of the majority stake of Romanian fast moving consumer goods distributor DRIM Daniel Distributie FMCG.
Romania's statistics board INS on Friday (January 12) confirmed the data regarding the country's economic growth in the third quarter of 2023, at 1.1%, and in the first nine months of 2023, at 1.4%, in real terms (in unadjusted data), similar to estimates in December 2023.
The annual inflation rate posted a faster-than-expected decrease in the first two months of Q4/2023, falling to 6.72% in November, from 8.83% in September, amid the continued slowdown in the growth rate of food and energy prices, as well as following the decline in fuel prices, under the impact of lower crude oil prices, as per the minutes of the monetary policy meeting held by Romania's central bank on Friday (January 12, 2024).
Romania's central bank has decided at its board meeting on Friday (January 12, 2023) to keep its benchmark interest rate on hold at 7% a year, being the bank's eighth consecutive rate freeze.
With the support of the European Investment Bank (EIB), Romania's state-run natural gas transmission company Transgaz (TGN.RO) prepared the Climate and Decarbonization Strategy, targeting a step-by-step transition to a climate neutral activity and strengthening resilience to climate change, while considering best practices and national and international climate policies and regulations.
Although many organizations tend to see fraud incidents as rather unlikely, usually based on their trust in both employees and business partners, the reality is that such events cannot be anticipated and properly handled without a prevention strategy that includes early detection and reporting protocols, and a strong incident response plan.
The average net salary in Romania increased by 1.6% in nominal terms in November 2023 compared to October 2023, to 4,765 (EUR958), data from the country's statistics board INS showed on Friday (January 12, 2024).
Romania's annual inflation kept its downward trend in December 2023, ending the year at 6.6%, compared to 6.7% in November 2023 and 8.1% in October 2023.
Companies in Romania have over EUR5 billion available in the first half of this year under the form of non-reimbursable funding schemes due to be launched on the market, which can be used for investments in green energy, building materials production, food industry, agriculture and others, reveals an analysis by consulting firm REI.
ROCA Industry, a building materials holding majority held by ROCA Investments, has approved the issue of more than 14 new shares within a private placement totally worth RON140.7 million, in the context of the second stage of its capital increase.
Emirates group, made up of Emirates Airlines, the world’s largest international airline, and dnata, a major global air services provider, currently has more than 200 positions available globally for its IT team, with Romania being among the countries where the group is actively seeking IT specialists.
IPEC company, owned by Covaciu family, one of the main IKEA suppliers locally, currently has 50 jobs available at the porcelain plant of Alba Iulia.
Cigarette wholesaler Punctual Comimpex owned by entrepreneur Vasile Muresan, has for 2024 budgeted turnover worth RON1.2 billion (EUR241.5 million), up from 2023, when it expected turnover of RON1.06 billion (around EUR213 million).
Limitless Agency, a digital marketing agency, wants to enter the US market in 2024, counting on platforms such as Google or Facebook, according to Daniel Slavenie, CEO & partner.19075 items