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The Board of Directors of Danube freight carrier Romnav Braila (BRNA.RO) has called shareholders for a meeting on March 11, 2024 to vote on the distribution of dividends in the amount of RON12.5 million from the 2022 profit, resulting in a gross dividend of RON5.7808 per share.
The Local Development Agency, a public company having the city of Oradea as majority shareholder, attracted total investments of EUR28.3 million in 2023, which will create 10,200 jobs until 2028, as per a press statement issued by Oradea City Hall.
QOOBISS, a fintech company focused on process automation and specializing in the development of remote identity verification solutions using video means, saw its turnover tripling in 2023, up to EUR1 million, according to company representatives.
Romania's Competition Council has approved the transaction whereby Eco Euro Doors, a company member of ROCA Group, intends to take over Workshop Doors.
Romania's Competition Council is assessing the transaction through which Grampet Logistics intends to take over Electromontaj Carpati.
Brokerage firm Goldring, one of the largest brokers on the Bucharest Stock Exchange, has successfully brokered an offer of corporate guaranteed bonds in the amount of EUR2 million issued by Mikro Kapital IFN S.A., the second largest financier of micro-enterprises on the Romanian microlending market.
Turism, Hoteluri, Restaurante Marea Neagra (EFO.RO), which manages several hotels and restaurants in Romanian seaside resorts, plans to sell two hotels and two plots of land on the local seaside, whose joint value reaches EUR15 million.
Investment Holding V7 Capital, which specializes in supporting and developing Romanian startups and businesses, has recruited Eduard Burghelia as Venture Partner.
Infinity Capital Investments (INFINITY.RO) has announced in a stock market report that it would hold on Feb 14, 2024 an open competitive bidding for the sale of a 99.99% ownership stake in Complex Hotelier Dambovita, respectively 1.75 million shares, at a minimum starting price of RON20 million.
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 0.1% in unadjusted data and by 1.5% when adjusted for seasonality and number of working days, in December 2023 compared to December 2022, data from the country’s statistics institute INS showed on Tuesday (Feb 6).
The rules on credit agreements for consumers were revised at the end of 2023, when new responsibilities for creditors were introduced to protect consumer rights, shows an analysis by the law firm PeliPartners.
After a somewhat turbulent 2023, which ultimately turned out much better than expected, 2024 is shaping up to be as decisive as it is uncertain, both in (geo)political terms, with more than 60 national elections – presidential and/or legislative – and in economic terms, with risks mounting on a still slowing global economy, as per Coface Country and Sector Risk Barometer – Q4/2023.
Turkish agri fintech Tarfin is readying to launch Tarfin PRO platform in Romania in a bid to streamline the supply process, according to the company’s officias.
Pehart Grup, one of Southeastern Europe’s largest paper producers, is set to enter the Away from Home product market, under Sovio brand, in the wake of an over EUR8 million investment in a new production line.
Real estate developer One United Properties reported residential sales and pre-sales worth EUR274.9 million in 2023, up 63% from 2022.
The Bucharest Stock Exchange (BVB) gained over RON7.09 billion in capitalization last week, while the value of share transactions decreased by RON132.58 million compared to the previous week, in line with data published by the BVB.
Romania's Finance Ministry raised RON1.5 billion from banks on Monday (February 5), selling government paper in two auctions, at annual average yields of 5.96% and 6.33%, respectively.
New registrations of road vehicles for passenger transport in Romania increased by 6.7% in the third fourth of 2023 compared to the fourth quarter of 2022, data from the country’s statistics institute INS showed on Monday (Feb 5).
Natural gas and electricity distribution company Delgaz Grid has developed the gas distribution network in the localities of Hudum, Manastirea Doamnei and Agafton (Botosani County), which have benefitted from gas supply since the end of 2023.
Deloitte holds the sixth spot in the overall ranking of the world’s strongest brands, and remains, for the sixth consecutive year, the most valuable and strongest commercial services brand, according to the 2024 edition of the “Brand Finance 500” report, which calculates brands’ value based on indicators such as market performance, marketing strategy and investment, as well as perception and reputation among clients, employees and other stakeholders.19501 items