Found 19501 news
Lantmännen Unibake Romania, a major player on the local bakery market, got a capital injection of around EUR10 million from its parent company of Sweden.
Romania's energy regulator ANRE confirmed in a press statement on Friday (Feb 9) that it had fined four companies operating in the local energy sector a total RON537 million.
Romania’s banking system hit a record high profit of RON13.7 billion in 2023, up nearly 34% from 2022, in line with preliminary data from the country's central bank.
Private medical service provider MedLife (M.RO) has announced in a stock market report on Friday (Feb 9) that the funds Fondul de Pensii Administrat Privat Metropolitan Life and Metropolitan Life Asigurari MetLife Europe exceeded the ownership threshold of 5% of the company's total voting rights.
The European Investment Bank Group (EIB Group) is expanding its cooperation with Deutsche Leasing Romania IFN SA (DLRO), part of the Deutsche Leasing Group, by signing a synthetic securitization transaction along with new lending commitments that will boost liquidity for Romanian businesses.
DN AGRAR Group (DN.RO), the largest integrated livestock farm in Romania, with cow milk production and vegetable production, announces the plans for the extension of the production capacities by obtaining the financing for Straja farm.
Banca Transilvania (BT.RO) has officially announced in a stock market report on Friday (Feb 9) the acquisition of OTP Bank Romania and of the leasing and asset management companies within OTP Romania Group (including OTP Asset Management SAI SA and OTP Leasing Romania IFN SA), for a total amount of EUR347.5 million.
In 2024, office building owners will face two challenges, namely, carrying out negotiations with banks to refinance outstanding loans in parallel with the renegotiation of lease agreements with existing tenants, according to an analysis by real estate consultancy company Fortim Trusted Advisors, member of the BNP Paribas Real Estate Alliance.
The European Commission approved on Friday (Feb 9) an aid scheme worth EUR241 million (RON1.2 billion) notified by Romania to support agricultural producers, in the context of the war waged by Russia against Ukraine.
The company Retele Electrice, a part of PPC group, previously called E-Distributie Dobrogea) has completed the first stage of a project worth over RON45.6 million (of which the updated eligible value is RON30.6 million), which targets the modernization of the energy infrastructure in Constanta.
Expectations for Generative artificial intelligence (Gen AI) remain high among global leaders, as eight out of ten (79%) respondents that participated in Deloitte’s study “The State of Generative AI in the Enterprise: Now decides next” expect the technology to transform their organization within three years.
Romania's trade balance posted a deficit of EUR28.9 billion in 2023, lower by 15.1% compared to 2022, data from the country's statistics board INS showed on Friday (February 9).
Antibiotice Iasi, the largest Romanian-held pharma producer, is launching eight veterinary products in the range of nutritional supplements, complementing the company’s veterinary prescription portfolio.
Impact Developer & Contractor, the first real estate developer listed on the Romanian capital market, announced the launch of a public offering of registered, dematerialized, unconditional, non-guaranteed and non-convertible bonds according to Decision EGMS No. 2 from 27.04.2023 and the Decision of the Board of Directors dated 15.11.2023.
Building materials holding ROCA Industry has completed the purchase of 70% in the share capital of Workshop Doors for RON30 million.
MerchantPro, the e-commerce platform developed by local company Shopmania Net, in 2023 registered EUR1.7 million revenues, up over 20% from 2022, as the company mainly focused its strategy on medium and large online stores.
Bucharest’s Trident dental clinics, a brand including three units in Cotroceni and Herastrau, generated EUR4.5 million turnover in 2023, up over 12% from 2022.
For Rohparma, one of the five largest pharma groups in Romania, and Sf. Constantin Hospital of Brasov, also almost the ten largest private healthcare groups, 2023 topped expectations, amid a high patient inflow.
Mihai Neagu, CEO of Perla Harghitei and Apemin Tusnad, two of the largest companies in the natural mineral water field, says the group bets on a two-digit increase in volumes this year.
Cognyte, a global leader in investigative analytics software, has leased 1,600 square meters of office space in the U•Center 2 office building held by Forte Partners, assisted by CBRE.19501 items