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The number of companies in Romania resorting to insolvency proceedings in 2023 remained unchanged compared to 2022 level, namely, at 6,650 firms, according to an analysis conducted by CITR, leader of the local insolvency and restructuring market.
ROCA Industry (ROC1.RO), a building materials holding majority held by ROCA Investments, announced in a stock market report on Feb.1 that it completed the second stage of the share capital increase, through private placement, and boosted its capital to RON248.7 million.
IT Group Bittnet (BNET.RO), an integrator of IT&C solutions and a provider of training services in the IT sector, has informed investors in a stock market report on Thursday (Feb. 1) about the signing of a significant contract by Dendrio Solutions (part of the Cloud& Infrastructure pillar of Bittnet Group).
TeraPlast Group has announced on February 1 that, following successful negotiations, the agreement for the acquisition of the Wolfgang Freiler Group from the Uhl family in Austria has been signed, as per a stock market report.
Romania's foreign exchange reserves stood at EUR61.4 billion on January 31, 2024, compared to EUR59.7 billion on December 31, 2023, central bank data showed on Thursday (February 1).
Romanian tea producer Kalpo, which has been selling teas made in Buzau under the Vedda brand for more than three decades, posted 8% increase in revenue in 2023 compared with the previous year.
Romania's Finance Ministry raised RON1.73 billion from banks on Thursday (February 1), selling government paper in two auctions, at annual average yields of 5.97% and 6.03%, respectively.
Photon Energy Engineering Romania, the local division of Dutch Photon Energy, dedicated to engineering, procurement and construction (EPC) services, has completed and grid-connected its tenth solar photovoltaic (PV) power plant in Romania.
Real estate developer ONE has bought some real estate assets of Romaero from Hidroelectrica, where it will develop a project, called ONE Baneasa AirPark, which will include offices and hangars near Baneasa Airport.
Romanians bought medicines worth RON26.8 billion (EUR5.44 billion) in the period April 2022 – March 2023, at wholesale prices, 20% more than in the year-earlier period, in line with a report of consulting company Cegedim.
Catalin Munteanu, one of the most renowned banking professionals in Romania, is taking over the position of Executive Director of the Products and Retail Segments Division of Banca Comerciala Romana, the second largest bank on the local market.
The finance function evolves in the current business environment and it must become more involved in data strategy and analytics, more connected across the organization, and led by a talent strategy that embraces both skills diversity and cultural change, concluded the latest edition of the EY study – CFO Imperative: How bold mindsets lead transformation, released on February 1st, 2024.
In 2023, E.ON Energie Romania completed and delivered 161 photovoltaic power plants for 142 partner companies active in various industrial branches, with the total value of the projects amounting to almost EUR30 million.
France’s Société Générale Group is looking into the opportunity of selling BRD, the third largest bank in Romania and hired JP Morgan to handle it, banking market sources say.
Continuing to expand its presence in Romania as a leading manufacturer of military vehicles, Rheinmetall is taking up a majority share in Romanian vehicle maker Automecanica Mediaş.
Agile Networks Technologies, provider of IT solutions for digitizing sales processes, together with Salesforce, a global leader in CRM (Customer Relationship Management) software solutions, have concluded a digitalization partnership with ALRO, one of the largest vertically integrated aluminum producers in Europe, by production capacity.
Romania’s unemployment rate remained unchanged at 5.4% in December 2023 compared to November 2023, data from the country’s statistics institute INS show on Thursday (February 1, 2024).
OMV Petrom announced its intention to distribute a gross dividend of RON0.0413/share for financial year 2023, namely a sum of around RON2.5 billion from last year’s net profit of RON4 billion.
OMV Petrom for 2023 reported sales revenues worth RON38.8 billion, 37% lower than in 2022, on falling commodity prices and sales volumes of electricity, only partially offset by rising sales of natural gas.
Oltean family, which owns Maviprod-IRUM group of companies, has for the period 2024-2028 earmarked EUR20 million investments in development, thus continuing the retooling of the farming and forestry machinery plant of Reghin, Mures county.19501 items