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Companies in Romania have over EUR5 billion available in the first half of this year under the form of non-reimbursable funding schemes due to be launched on the market, which can be used for investments in green energy, building materials production, food industry, agriculture and others, reveals an analysis by consulting firm REI.
ROCA Industry, a building materials holding majority held by ROCA Investments, has approved the issue of more than 14 new shares within a private placement totally worth RON140.7 million, in the context of the second stage of its capital increase.
Emirates group, made up of Emirates Airlines, the world’s largest international airline, and dnata, a major global air services provider, currently has more than 200 positions available globally for its IT team, with Romania being among the countries where the group is actively seeking IT specialists.
IPEC company, owned by Covaciu family, one of the main IKEA suppliers locally, currently has 50 jobs available at the porcelain plant of Alba Iulia.
Cigarette wholesaler Punctual Comimpex owned by entrepreneur Vasile Muresan, has for 2024 budgeted turnover worth RON1.2 billion (EUR241.5 million), up from 2023, when it expected turnover of RON1.06 billion (around EUR213 million).
Limitless Agency, a digital marketing agency, wants to enter the US market in 2024, counting on platforms such as Google or Facebook, according to Daniel Slavenie, CEO & partner.
Building materials producer Cemacon says 2023 brought, for the second year in a row, a significant contraction of the market it operates on, mainly amid slowing housing sector. Nevertheless, the company made further investments and plans to continue to do so.
The company Termoplast, based in Roman (Neamt County), a producer of PVC and aluminum doors and windows, controlled by local entrepreneurs, ended 2023 with a turnover of EUR18.5 million, up 23% from 2022.
Romanian state-owned oil transporter Conpet Ploiesti (COTE.RO) has announced in a stock market report on Thursday (Jan. 11) a contract worth RON101.58 million concluded with the Petrotel-Lukoil refinery.
Plastic packaging maker Romcarbon (ROCE.RO) has signed a financing agreement with the Ministry of Energy for the implementation of an electricity production capacity from renewable solar energy sources, the company said in a stock market report on Thursday (Jan. 11).
Romanian natural gas producer and supplier Romgaz (SNG.RO) on Thursday (Jan.11) announced its shareholders in a stock market report that it opened a term deposit with Exim Banca Romaneasca, in the amount of RON50 million.
Pastry shop chain LUCA is expanding with a new location right in the center of Bucharest, on the ground floor of the Unirea Shopping Center in Piata Unirii. The new shop will open by the end of January.
The European Commission has approved a EUR126 million Romanian scheme to support investments in ports facing increased trade flows after Russia’s war against Ukraine.
Lithuania’s Spark, a car-sharing service that allows people to rent electric cars via a mobile application, has informed its users in Romania via an in-app notification about plans to shut down the operations in the country on February 1, 2024.
Romania's Finance Ministry raised RON2.62 billion from banks on Thursday (January 11), selling government paper in two auctions, at annual average yields of 6.17%.
KPMG, one of the world’s largest audit and consulting companies, sees Romania’s economy growing by 2.5% in 2024, while inflation should reach 6.9%. Its forecasts were included in the ‘Global Economic Outlook’ report, which in this year’s edition included a review of Romania, along 36 other countries from all continents, such as US, Switzerland, Brazil and Japan.
Bogdan Vaduva, a former partner within KPMG Romania, has been appointed to the position of Group Chief Financial Officer of eMAG Group.
The economic context of 2023 has massively mobilized candidates who are looking for better-paying opportunities that allow them to live comfortably, in line with an analysis carried out by Bestjobs.
Farmland operator Holde Agri Invest (HAI.RO) announced in a stock market report on Thursday (Jan. 11) the appointment of Daniel Adam as the company's Chief Financial Officer (CFO), effective February 1, 2024.
Over 92.5 million tons of freight went through Romanian seaports in 2023, an increase of 22.5% compared to 75.5 million tons recorded in 2022, according to officials of the Maritime Ports Administration Constanta.19501 items