Found 19990 news
Boozankaya, a Turkish public transport vehicle producer, has sealed a contract with Timisoara city hall for the delivery of 17 trams around 30 meter long and with a total transport capacity of around 251 seats each.
OMV Petrom, the largest integrated energy company in Southeast Europe, has announced it will acquire from RNV Infrastructure a 50% stake in Electrocentrale Borzesti, which holds approximately 1 GW capacity of renewable projects, out of which 950 MW wind and 50 MW photovoltaic.
Eco Serv Profesional, a company of Afumati, Ilfov, generates RON423,000 turnover from non-hazardous waste collection. However, the peak period of the business was in 2019, when the firm reported revenue of almost RON1 million, in line with Finance Ministry information.
Mobile telephony operator Orange Romania on Friday evening announced the merger with the former fixed telephony monopoly Romtelecom.
The exchange rate posted by Romania’s central bank ends 2023 at RON4.974/EUR, a level almost similar to that at the end of last year, RON4.947/EUR.
Bogdan Popescu, a manager with 25 years of experience at Metro, Shell and Microsoft, has resigned as CEO of flag carrier TAROM, a position he was appointed to at the end of October.
Romanian state-run port operator Oil Terminal (OIL.RO) announced on the Bucharest Stock Exchange the signing of three service and forwarding contracts, for a period of one year from January 1, 2024, the value of which exceeds 10% of the net revenue of the last annual financial statements.
Real estate developer Imotrust Arad announced on Friday that it had taken out two loans from Banca Transilvania, one worth EUR8.47 million and the other RON4 million.
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, as well as for RON-denominated corporate loans, ends 2023 at 6.22%, slightly down from the previous day and 17% below the level posted at the start of the year, in line with BNR data.
Lucia Morariu, founder and owner of travel agency Eximtur, expects a sales volume of around EUR48 million for this year, 20% higher than last year.
Adela Margean, national sales manager at Ice Dyp Balas SRL, a Timis-based ice cream producer, says 2024 is likely to bring a sales decline because of the new tax changes and the VAT hike to 19% for sugary products.
2024 plans of electricity supplier Getica 95, owned by businessman Viorel Tudose, envisage the management of production capacities, as well as electricity storage.
Online retailer Elefant.ro, with bonds listed at the Bucharest Stock Exchange, has announced Thursday evening that Gherasim Briceag resigned from the position of Chief Financial Officer (CFO), effective December 29, 2023.
RCS Management, one of the vehicles through which billionaire Zoltan Teszari controls telecom giant RCS&RDS (Digi), will pay out interim dividends of approximately RON60 million to its shareholders for the first three quarters , as per a decision made at the General Meeting of Shareholders and recently published in the Official Gazette.
The modern office stock in capital city Bucharest stands at 3.5 million square meters at the end of 2023 and almost half of the market consists of buildings over ten years old, with the rest being delivered since 2012.
Romanian executives forecast a period of relative stability in manufacturing industry, retail trade and services, in parallel with a moderate decrease in employee numbers in the construction sector and rising prices in manufacturing industry and construction, for the period December 2023 – February 2024, in line with a survey by the country’s statistics board INS.
2B Intelligent Soft (BENTO-Intelectually Curious), a Romanian entrepreneurial company specializing in development and implementation of software solutions and the provision of IT and Cloud infrastructure services, has signed a supply agreement whose value tops 10% of the total income as per the latest annual financial statements, namely EUR623,744 VAT not included.
Arctic Stream, an IT infrastructure and security integrator, signed a contract worth around RON12.2 million with a client from the public sector with responsibilities in the field of defense for the supply of communication equipment for datacenters.
Exonia, a paper biodegradable packaging producer, plans to invest over EUR6 million in a plant in Galati county, with the company intending to submit a project to access funds via Just Transition Program, which has an over EUR770 million budget.
Fondul Proprietatea intends to buy back 1 billion shares in 2024, as part of its strategy to remunerate shareholders, at a price that may not be lower than RON0.2 and higher than RON1 per share and calls shareholders to approve the strategy about some stakes it holds.19990 items