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Bozankaya, a Turkish-held public transport vehicle producer, has gained a project within a tender organized by Iasi City Hall via which it will deliver the municipality 18 trams with a length of around 22 meters and a minimum capacity of 135 passengers.
The Finance Ministry is readying to launch a new Fidelis government bond issue aimed at retail investors for which subscriptions will start on Wednesday, February 21, and end on Friday, March 1.
Matei Lucescu, the entrepreneur behind Grivita beer brand, wants to strengthen investment in the production unit opened last year in Popesti-Leordeni, boost the team from 20 to 30 people.
“Electrified” passenger cars will in 2024 reach a 29% market share in Romania, so that, an analysis by the Automotive Manufacturers and Importers Association (APIA) estimates that almost three times more “electrified” passenger cars will be registered in Romania compared with diesel ones this year.
Misavan, a Iasi-based cleaning goods producer, is building a new plant, where all the group’s production capacities will be moved.
Cristian Constantinescu, one of the most discreet local entrepreneurs, known for having co-founded and then sold Noriel, has shifted to the beauty field. Thus, starting 2017, he has developed natural cosmetics shop chain Nala, which has reached 50 units in Romania.
Lion Capital (LION.RO) on Monday notified investors on the Bucharest Stock Exchange about its board of directors approving the sale of the entire stake in Azuga Turism (98.94%), consisting of 786,882 shares, to Electric Planners in a EUR9 million deal.
Romania's Finance Ministry raised RON443.2 million from banks on Monday (February 19, 2024) selling benchmark bonds with a scheduled value of RON500 million due in May 2027, at an annual average yield of 6.22%.
KIWI Finance, one of the most important players in the loan brokerage market in Romania, ended 2023 with a volume of intermediated loans of over RON1.7 billion (EUR350 million), more than 90% of which are mortgage or construction loans.
AROBS Transilvania Software (AROBS.RO) shares will be included in the FTSE Russell emerging markets indexes as of March 18, 2024.
Romania’s economic growth will reach 2% to 2.5% in 2024, most chartered financial analysts at the CFA Forecast Dinner organized by the CFA association agreed.
Industrial pipe manufacturer Silcotub Zalau, part of the international Tenaris group, held by the Italian Roca family, has started construction of a photovoltaic power project, with a nameplate capacity of 19.8 MW and 21.2 MWp, respectively, in Calarasi.
Philipp Gamauf will take the position of chief financial officer (CFO) of ING Bank Romania as of March 1, at which time he will also become a member of the bank's Executive Committee, the bank announced.
Retele Electrice Muntenia, Retele Electrice Banat and Retele Electrice Dobrogea companies, part of PPC group in Romania, previously named E-Distributie Muntenia, Banat and Dobrogea respectively, have launched, via the electronic system for public procurement, a procedure for the purchase of as many as 300,000 smart meters.
Wargha Enayati, the founder of Regina Maria healthcare network and Enayati Medical City, has invested EUR500,000 to buy a clinic in Bucharest, InClinic Rahova, set to enter the social polyclinic network Fundatia Inovatii Sociale Regina Maria, run by the entrepreneur.
Metal tile roofing producer Blachotrapez, owned by the Polish group of the same name, which owns three plants in Romania, counts on a 25% turnover increase in 2024, after having logged a decline last year.
Doctor Teodor Holhos, founder of ophthalmology clinic Dr. Holhos, has invested EUR1.5 million in a new clinic in Targu-Mures and expects to cross the 5,000-surgery threshold amid expansion.
Grain trader East Grain of Cluj-Napoca, controlled by Czechia’s Agrofert, ended 2023 with turnover worth RON701 million (EUR141.7 million) and expects over 6% turnover growth in 2024, to RON745 million (around EUR150 million).
Metallic tile manufacturer Metigla, with a plant in Prahova county, ended 2023 with higher turnover from 2022, with structures needed for the installation of photovoltaic parks as one of the growth engines.19990 items