Found 19075 news
Hidroelectrica, Romania’s main electricity producer, has announced the admission to trading of its shares at the Premium category of the Regulated Market of the Bucharest Stock Exchange. Trading starts today at 10:00 under the H2O ticker symbol.
Axigen Messaging, a provider of email server software, has teamed up with another company owned by a local entrepreneur, Romarg, the biggest player on Romania’s data hosting market, to create an email services package offering local data storage in a data center of Brasov.
Clinica Sante, a network of medical laboratories with 300 collection centers in Romania, generated RON240 million revenue in 2022, down 5% from 2021, public data from the Finance Ministry show.
IHG Hotels & Resorts (InterContinental) is expanding in Romania with the signing of the Indigo Hotel in Satu Mare, a brand debut in the country, according to the corporate website.
Beer sales in Romania in the first five months of 2023 slid by 9% from the year-earlier period, maintaining the 2022 downward trend, at a faster pace, in line with data provided by the Romanian Brewers Association.
British Council, the world’s leading organization in the field of cultural relations, has signed with One United Properties, the leading green investor and developer of residential, mixed-use, and office real estate in Romania, for a space in office building One Cotroceni Park, where it is due to open a new English language learning center in September.
The local subsidiary of French group ATOS IT Solutions, a major IT&C integrator in Europe, in 2022 posted rising turnover and profit. Turnover went up by 28% to RON701.8 million, while net profit climbed by 4% to RON88 million.
Sighetu Marmatiei-based Plimob, a major local supplier of chairs for IKEA, in 2022 generated turnover worth RON222.2 million (EUR45 million), up 16.65% on the year, in line with ZF calculations based on Finance Ministry data.
Car parts maker Hella Romania, the local subsidiary of German concern Hella, for 2022 reported turnover of RON4.077 billion (EUR826.8 million), up around 15% on the previous year, in line with ZF calculations based on Finance Ministry data.
Dental clinic chain Dr. Ardeleanu, launched on the market in 2018, has opened a new unit in Bucharest, in housing compound Cotroceni One, now owning four clinics.
Orange, leader of Romania’s telecom market, part of the French group of the same name, will invest EUR200 million on the local market this year.
The market share of electric cars reached almost 10% in the first half of this year and topped 12% in June, in line with calculations by the Automotive Manufacturers and Importers Association (APIA) based on registration data.
Corrugated cardboard manufacturer Vrancart Adjud (VNC), a company in which the Paval brothers, the founders of DIY retailer Dedeman, have a 17% stake, announced on the Bucharest Stock Exchange that the Financial Supervisory Authority (ASF) had approved the simplified prospectus for the share capital increase, with Goldring acting as intermediary for the offer.
Cargill Agricultura, one of the largest grain traders in Romania, ended 2022 with RON5.59 billion revenue, a 35% increase on the previous year, Finance Ministry data show. The company's profit increased six-fold to almost RON200 million compared with 2021.
Romania's Finance Ministry raised RON583.5 million from banks on Monday, July 10, selling government paper maturing in October 2033, at an annual average yield of 6.87%. The bond issue has a nominal value of RON500 million.
A cross-border team from law firm Dentons assisted electricity producer Hidroelectrica during its EUR1.9 billion initial public offering, followed by the listing in the Bucharest Stock Exchange, which resulted in a EUR9.4 billion capitalization.
A team of lawyers of Schoenherr si Asociatii assisted Dutch-held AkzoNobel in the sale of its extruded polystyrene (XPS) operations in Romania to Austria’s Hirsch Porozell.
OMV Petrom’s (SNP.RO) total hydrocarbon production shrank by 5.3% from 120,100 barrel of oil equivalent per day to 113,700 in the second quarter of 2023 compared with the year ago period, following a decline in both oil and natural gas production.
Romanians are dissatisfied with their current salary amid inflation and have become more active in seeking new jobs. The number of applications has gone up by 23% against 2022. Retail companies have attracted the highest number of applications.
Romania’s trade gap in January-May 2023 shrank by 13.4% from the year-earlier period, to EUR11.05 billion, after exports rose by 7.5% and imports went up by 2.1%, in line with the country’s statistics board INS.19075 items