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Rinf Outsourcing Solutions (rinf.tech), a local company specializing in software development, consulting and BPO, has opened its third office in Romania, in the city of Cluj-Napoca, and intends to recruit 100 IT experts, company representatives said in a statement.
Romania's foreign exchange reserves stood at EUR53.4 billion in June 2023, higher by EUR335 million versus May 2023, central bank data showed on Monday (June 3).
Innova Capital, a leading private equity fund in Central and Eastern Europe (CEE), has joined the shareholding structure of Romanian-Belgian EMI Group after buying a 51% stake via combination of partial buy-out and EUR15 million capital increase.
Retail investors subscribed RON5.9 billion worth of Hidroelectrica (H2O.RO) shares in the first seven days of the IPO, so their tranche is almost 450% or 3.5 times oversubscribed, ZF has found by aggregating data from brokers’ platforms. They introduced subscription orders for 52.65 million Hidroelectrica shares.
Domeniile Ostrov, one of the largest fruit producers in Romania and South-East Europe, now during peak summer fruit harvesting season, estimates a cherry production of 500 tons, down 10% from 2022, due to bad weather.
Brick Romania, a local DIY and home improvement retailer based in Constanta, has invested RON1 million to install photovoltaic panels on the rooftop of its store in the south-eastern city of Constanta.
Damen Galati shipyard, one of the biggest players in the local shipbuilding industry, will design and build four new frigates for Belgium and the Netherlands after winning a new contract. It is worth EUR4 billion.
The Board of Directors of private health operator MedLife (M.RO) has summoned the Extraordinary General Meeting of Shareholders for August 3, 2023 to approve the increase of the share capital by RON99.65 million, from the current amount of RON33.2 million up to RON132.87 million, the company said in a stock market report.
Building materials company TeraPlast has allocated RON300 million for investments in the 2021-2023 period and seeks to further expand into new international markets.
TeraPlast, one of the most important polymer processors in the Eastern European Union and the only producer of HFFR granules in Romania, celebrates 15 years since its listing on the Bucharest Stock Exchange (BVB).
Groupama and Alpha Bank Romania have launched an extended version of the “Travel all Seasons” travel insurance, providing remote medical support, through the ÎntreabăMedic telemedicine service.
More than 50% of homeowners in Romania intend to purchase a photovoltaic (PV) system from an energy supplier sometime in 2023, which would translate into an increase of over 8% compared to 2021, as per a survey conducted by E.ON.
Shipyard Severnav (SEVE.RO) in Drobeta-Turnu Severin has built its first ship in 12 years, the officials of the company announced.
UniCredit analysts expect the economies in EU-CEE and the Western Balkans to grow by around 1.6% in 2023 and 3.1% in 2024, with Romania outperforming, and Czech Republic and Hungary lagging, the bank says in its latest quarterly Central and Eastern European report.
Romania's third-party liability insurance RCA seems to be entering a downward trend after seeing significant increases both at the level of the entire segment and at the level of each company that operates this business line.
The EY organization is calling on European institutions and national governments to take six steps to help retain business confidence and attract more foreign direct investment (FDI), with the publication of the second installment of its Europe Attractiveness Survey 2023.
Under the revenue and expenditure budget that envisages a net profit of RON3.6 billion for 2023 and the promise of a generous distribution to investors, energy producer Hidroelectrica has a dividend yield ranging between 6.5% and 7.8%, as per calculations by Ziarul Financiar (ZF) daily which considered the price range included in the company's initial public offering (IPO) prospectus.
The Board of Executive Directors of the World Bank Group (WBG) on Monday (July 3) approved the second Inclusive and Green Growth Development Policy Loan (DPL) for Romania in the amount of EUR591.9 million.
Farmexim Group, one of the largest pharmaceutical groups in Romania, which includes medical drug wholesaler of the same name and a network of 420 Help Net pharmacies, in 2022 exceeded the threshold of EUR1 billion turnover after a 28% increase compared to 2021.
Greece’s PPC would complete the acquisition of Enel Romania in September, which will boost its customer number by 57% and the energy production capacity in operation by 14%, the group said.19075 items