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The employment rate for the working age population (15-64 years) was 63.3% in the third quarter of 2023, increasing by 0.3 percentage points compared to the second quarter of 2023, data from Romania's statistics board INS showed on Friday (December 15).
The shareholders of BRD SocGen decided during the ordinary general meeting of December 14 the distribution of 50% of the result reported for 2022 under the form of dividends.
Electricity supplier and distributor Electrica has announced that the mandate of Chief Executive Officer of Alexandru-Aurelian Chirita was extended until January 31.
Romania’s IPO market continues to grow despite a challenging global environment for stock listings and the outlooks remain upbeat, after in 2023 the market capitalization of companies listed at the Bucharest Stock Exchange has hit $44 billion, reveals an EY analysis.
Comes of Savinesti, Neamt county, a supplier of heat-transfer and pressure equipment and spare parts for chemical, petrochemical, oil and gas industries, expects to end this year with EUR21 million turnover, from EUR15.5 million in 2022, and for 2024 has budgeted a 20% increase amid a new investment.
The Board of Directors of corrugated cardboard maker Vrancart Adjud (VNC.RO) announced in a stock market report on Dec 14 that it called shareholders for a meeting on January 25, 2024 to secure approval for a share capital increase by RON31.9 million, to RON201 million from RON169.1 million, the company said.
Raiffeisen Bank, one of the largest banks in Romania by assets and with bonds listed at the Bucharest Stock Exchange, informed the local stock market in a report on Dec 14 about its shareholders' decision regarding the distribution of dividends from the retained earnings of 2022, in the amount of RON617.4 million.
Connections Consult, a group of companies specialized in providing software solutions and IT services, announced in a stock market report on Dec 14 the signing of a contract of RON10.9 million (plus VAT) with a client in the public sector.
The Ares Group, which specializes in interventional cardiology, and Brain Hospital, which specializes in neurosurgery, have bought the cardiovascular surgery hospital Monza near the National Arena stadium in Bucharest from Policlinico di Monza. The amount was not disclosed.
ROCA Agri RDF, the agricultural holding company launched by ROCA Investments, announces that Romania's central bank has authorized the functioning of AGRO IFN, a Non-Banking Financial Institution (NBFI) in its portfolio, which is intended to cater to the financing needs of the agricultural sector.
Filip & Company team assisted DIGI Spain Telecom S.L.U and RCS & RDS S.A. in relation to the conclusion of a spectrum transfer agreement from Xfera Móviles (part of MasMovil Group in Spain) for the acquisition of an important package of spectrum licenses for the private use of the radioelectric public domain related to certain sets of blocks of frequencies in the 1,800 MHz, 2,100 MHz and 3,500 MHz bands.
EY Romania assisted TMF Group, a leading provider of compliance and administrative services, in the acquisition of Contexpert, a top-tier Romanian company specialized in accounting, audit, tax, and payroll services.
Romania's Finance Ministry raised RON1.5 billion from banks on Thursday (December 14), selling government paper in two auctions, at annual average yields of 6.37% and 6.08%, respectively.
Simtel Team (SMTL.RO), a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange and a leading renewable energy business in the country, announces the completion of the construction of a solar photovoltaic (PV) power plant for Kindergarten no. 2 located in the town of Petrosani.
Lior Bebera, with a 25-year experience in the hospitality sector, at international level, has taken over the position of General Manager of Radisson Blu Hotel, Bucharest and Park Inn by Radisson Bucharest Hotel & Residence.
Iulius Group, the real estate developer controlled by Iulian Dascalu, has invested EUR130 million in connectivity solutions, infrastructure, alternative mobility, the development of bicycle paths and more than 1,000 bicycle parking spots, according to the Iulius Sustainability Report 2022.
PepsiCo, one of the leaders of the food and beverages industry and the second largest player on the Romanian soft drinks, on Dec 14 announced a $13 million investment in installing a modern fully automated production line at its soft drink factory in Dragomiresti.
Romania's current account balance posted a deficit of EUR18.3 billion in January-October 2023, lower by 20% than the EUR22.9 billion level reported in the same period of 2022, central bank data showed on Thursday (December 14, 2023).
Finnish company Nokian Tyres, a major player on the global tire market, is stepping up hiring for the future plant of Oradea, having 350 jobs available for 2024 for managers, as well as production area operators.
Accor, one of the world’s largest hotel group, has announced the opening of Swissôtel in Poiana Brasov starting 2024.19501 items