Shareholders of Grup Serban Holding (GSH), a Romanian entrepreneurial company active in several fields in agriculture, approved in Monday’s general meeting the distribution of RON10.5 million from the remaining undistributed net profit related to the year 2020, in the amount of RON17.4 million, for capitalization and the granting of shares to shareholders.
Tulcea-based bakery producer Lidas in early 2022 started an investment in a bakery plant in Tulcea, worth EUR46 million and announced it sought to hire 200 people. Its number of employees rose from less than 200 at end-2021 to 380 in November 2022.
Output of upholstery and covers, including car covers, topped EUR470 million in Romania, in line with Eurostat data. Thus, Romania ranks first in the EU, also covering a quarter of European production by value, in line with ZF calculations.
Astra Vagoane Calatori plant, one of the biggest players on the local rolling stock market, will operate at full capacity next year, when it is due to deliver 48 streetcars to Bucharest and other cities in Romania.
Flextronics Romania, the local subsidiary of the Singapore-based Flex Group (Flextronics), which manufactures components for communications, IT and medical equipment, currently has over 320 jobs available, the website of the Timis County Employment Agency (AJOFM) shows.
Charger.ro, a Romanian integrator of green-tech solutions and services for personal consumption and for companies, has drawn an investment of EUR245,000 from a group of investors within a process coordinated by Bravva Angels, a community of business angel investors in Romania aiming to support startups with at least one female founder.
Romania's finance ministry raised almost RON1.5 billion on Monday (Dec 5) through two government bond issue, at annual average yields of 7.87% and 7.47%.
The prices of the old three-room apartments in Bucharest stagnated for the first time in November, after having dropped by EUR500 or 0.5% to EUR107,850 in October, the real estate index compiled by ZF and real estate consultant SVN Romania shows.
New car registrations in Romania increased by 6.9% to a total 116,891 units on the year in the first eleven months of 2022, data from the association of automotive manufacturers in Romania (ACAROM) and of Romania’s General Directorate for Driving Licenses and Car Registration (DRPCIV) showed on Monday (Dec 5).
Marquardt Romania, a member of the Marquardt Group- a German top mechatronics producer – will be opening its first office in the country’s North-East Region within the Palas Iasi mixed-use compound.
Furniture maker and retailer Mobexpert plans to open 20 stores in Romania in the coming years, said the retailer’s Chief Executive Officer, Adelina Badea.
Shareholders of lender Raiffeisen Bank Romania, the local division of Austria’s Raiffeisen Group, will discuss on Tuesday (Dec 13) a proposal to grant gross dividends in the amount of RON396 million, which translates into RON33,000 per share.
Gemma Webb was appointed to the position of Chief Executive Officer (CEO) and Chairman of the Board of Directors of RetuRO Sistem Garantie Returnare, the company that has been designated as administrator of the deposit-return system (DRS) in Romania.
The prices of the products leaving the factory gates grew by 31.2% in the European Union (EU) and by 30.8% in the euro zone, in October 2022 compared to the same period of 2021, in line with data from Eurostat, the statistical office of the European Union.
Luca Victor Rogojanu was appointed Deputy Chief Executive Officer (DCEO) and coordinator of the Credit and Risk Management Division within OTP Bank Romania, the local division of Hungary’s largest bank group.
Romania’s unemployment rate stood at 5.5% in October 2022, higher by 0.1 percentage points than 5.4% in September 2022, data from the country’s statistics institute INS shows on Monday (Dec 5).
Patria Credit IFN SA, a non-banking financial institution part of Patria Bank Group, has signed a new guarantee agreement with the European Investment Fund (EIF), within a RON205 ceiling, which will secure funding for small businesses worth over RON256 million.
Furniture producer Elvila, controlled by businessman Viorel Catarama, reported RON4.45 million losses for January-September 2022, from a net loss of RON1.54 million last year.