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The number of foreigners who will be able to come to work in Romania in 2024 is likely to reach 140,000, up 40% from the threshold admitted for this year, namely 100,000.
Iproeb Bistrita, one of the largest local manufacturers of electrical cables and conductors, posted RON11 million net profit in the first nine months of 2023, 28.3% lower than in the same period of last year.
Romanian state-run nuclear power producer Nuclearelectrica (SNN.RO) has informed the capital market in a report on Nov 28 that it signed a contract worth 781 million Canadian dollars (equivalent of EUR523 million) with Canadian firm AtkinsRéalis for the supply of reactor tooling and components, as well as engineering services and technology, in support of the life extension of the CANDU reactor of Unit 1 at Cernavoda Nuclear Power Plant (Cernavoda NPP).
State-run nuclear power producer Nuclearelectrica (SNN.RO) said in a stock market report on Nov 28 that it made a deposit of RON250 million (CAD75 million) with state-run lender CEC Bank.
Romanian venture capital (VC) firm Cleverage VC, founded three years ago and specialized in medtech investments, has invested in Czech startup KARDI AI, alongside several VCs and angel investors, the startup representatives said in a statement.
HILS Development, the real estate development company of Ionut Negoita, brother of Bucharest’s Sector 3 mayor, has started an urban regeneration project in the Republica area of the city, on the former industrial site Faur-Republica, where it is building a 5,000-apartment complex.
Cluj-based dairy producer Bonas Import Export (BONA.RO), listed on the AeRO market of the Bucharest Stock Exchange, ended the first nine months of 2023 with a net profit of half a million lei, the company said in its quarterly financial report published at the Bucharest Stock Exchange.
Furniture retailer Mobexpert will open a new concept store in Romania, in Ramnicu Valcea, on Thursday (November 30), following an about EUR700,000 investment. The retailer inaugurated two other such stores this year, in Piatra Neamt and Targoviste.
International Finance Corporation (IFC), part of World Bank, is granting an up to EUR50 million loan to UniCredit Leasing Corporation (UCLC), a subsidiary of UniCredit Bank Romania and member of Italy’s UniCredit Group to expand the range of products for green energy and improve competitiveness on the market of climate project funding.
Investimental, the newest broker on the Romanian capital market, and InterCapital Asset Management, the largest independent asset manager in Croatia with assets under management of EUR420 million, announced the signing of an agreement to launch a new Exchange Traded Fund (ETF) on the Bucharest Stock Exchange.
Ovidiu Sandor, founder of Mulberry Development, the developer of the mixed-use project ISHO, and of the Art Encounters Foundation, has inaugurated a new building in the British International School in Timisoara, which will expand the total capacity of the school to 924 students.
Lithuanian-held Spark, a provider of electric car-sharing service via a mobile app, which started operations in Romania in 2019, has expanded its service coverage to four new areas in Bucharest – Promenada, AFI Cotroceni, Unirea Shopping Center and Cosmopolis residential complex, its officials said in a release.
State-run nuclear power producer Nuclearelectrica (SNN.RO) has announced in a stock market report on Nov 28 the supplementation by RON120 million of a legal deed concluded with the Romanian Electricity and Gas Market Operator (OPCOM).
Romanian natural gas producer and supplier Romgaz (SNG.RO) on Tuesday (Nov 28) announced its shareholders in a stock market report that it opened two term deposits with Exim Banca Romaneasca, in the amount of RON151 million and RON81 million, respectively.
Romanian executives forecast a period of stability for the activity in the manufacturing industry, retail trade and services sectors for the November 2023 and January 2024 period, in line with a survey conducted by the country’s statistics board INS.
Romania's energy ministry has signed a Memorandum of Understanding (MoU), thus strengthening the Romanian American strategic partnership in the field of mining and renewable energy in the region of Jiu Valley.
RetuRO, the administrator of the Deposit Return System (DRS) in Romania, has inaugurated the first regional center for the collection of beverage packaging, in the commune of Bontida, Cluj County.
AQUILA (symbol AQ), the market leader in the field of integrated distribution and logistics services for consumer goods in Romania and the Republic of Moldova, has invested over EUR 6 million in renewing the fleet of vehicles that serve the company's distribution activities.
Most Romanians say they would be willing to pay more income tax to aid lower-income households cope with the costs of green transition, with the weight being 7 points above the EU average (66% vs 59%), reveals the latest survey conducted by the European Investment Bank on the climate.
Germany’s Hella, a car parts supplier part of global group Forvia, has expanded the area leased in ElectroPutere Parc by around 1,300 square meters, to a total of 8,000 square meters.19080 items