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CTP, Europe’s largest listed developer, owner and manager of industrial and logistics properties by gross lettable area (GLA), has leased 5,300 square meters of warehouse at CTPark Oradea Cargo Terminal to HelpShip, a leading logistics solutions provider, part of logistics group euShipments.com.
Building materials manufacturer TeraPlast Bistrita (TRP.RO) announced in a stock market report on Feb 8 that the company's Board of Directors decided to appoint BRK Financial Group (BRK.RO) to intermediate the repurchase of a maximum number of 2.76 million shares within the limit of a maximum budget of RON2.76 million.
Law firm ONV LAW is expanding its consulting services on international markets with the opening of an office in Chisinau (the Republic of Moldova), and targets a combined turnover of over EUR2.5 million in 2024, generated both by the local business volume and by the new subsidiary.
Danone Romania, the leader of the Romanian yogurt market, has completed an investment of EUR1 million in the purchase and installation of photovoltaic panels that will ensure 20% of the energy consumption at its plant in Bucharest.
Rompetrol Downstream, the retail division of KMG International Group in Romania, has recently opened two new service centers with Rompetrol gas stations on A1 highway (the Orastie – Sibiu section), in the vicinity of Cristian, a commune located in Romania's central County of Sibiu.
Romania's Finance Ministry raised RON1.5 billion from banks on Thursday (February 8), selling government paper in two auctions, at annual average yields of 6.03% and 6.45%, respectively.
Romania's Competition Council has fined SEROM (Samsung Electronics Romania and Bulgaria), Dante International (eMag), Altex Romania and Flanco Retail a total RON123 million for participating in an anti-competitive agreement on the market for the commercialization of TVs and mobile phones, between 2019 and 2021.
Romania's energy ministry has announced the relaunch of two calls for projects targeting investments in energy storage capacities (batteries) and photovoltaic panels and the total budget is EUR278 million.
The number of real estate deals in Romania exceeded 37,241 in January 2024, 23,340 fewer than in December 2023, data from the national cadaster agency ANCPI showed on Thursday (February 8, 2024).
Raiffeisen Euro Obligatiuni, Goldman Sachs Romania RON Bond and FDI Globinvest were the best performing local open-end bond funds in Romania in 2023, as per the latest data from the Association of Fund Managers (AAF).
The ten most active brokers at the Bucharest Stock Exchange intermediated deals worth almost RON3 billion in January 2024, accounting for 92.6% of total intermediations, in line with calculations by Ziarul Financiar (ZF) daily based on stock market data, and almost threefold lower than RON1.1 billion worth of deals intermediated in January 2023 .
The office area traded in Bucharest in 2023 increased by 43% against the previous year, to over 463,000 square meters, also breaking the 2019 record of 390,000 square meters, in line with data provided by real estate consultancy Cushman & Wakefiled Echinox.
81% of participants in the latest survey carried out by eJobs.ro stated they have recruitment plans for 2024, and 65% of them have already started them.
BRD SocGen, the third largest banking institution in Romania by assets, is set to convene its shareholders on April 25 to vote on the distribution of 60% of its 2023 net profit under the form of dividends.
BRD-SocGen, the third largest bank on the local market by assets, in 2023 generated RON1.63 billion net profit, 27% higher than in 2022, amid RON3.7 billion revenues, up 13%.
Romania met several major criteria for France’s Biocodex to decide opening its own Bucharest subsidiary: a good macroeconomic framework, well-trained workforce and cultural closeness to France.
Cargo Partner, the local subsidiary of the Austrian group of the same name, which was taken over internationally by Japan’s Nippon Express, will invest to develop logistic spaces of Bucharest, Cluj-Napoca and Timisoara, according to the company’s officials.
Thermal-insulating panel producer Topanel in 2023 operated total investments worth above EUR15 million, with most money being directed to boosting production capacities of Ramnicu Valcea and making them more efficient.
JNT Group, one of Poland’s major wine producers, importers and wholesalers, has signed an agreement to take over the majority stake in Domeniile Boieru winery of Ciumbrud, Alba county.
The factory by Raiffeisen Bank program, launched six years ago to support beginner entrepreneurs, has provided funds for more than 430 businesses, with the total financing value nearing EUR24 million, as per data offered by the bank.19501 items