Found 20647 news
Oves Enterprise, a Romanian software development company based in Cluj-Napoca, announces the launch of the first demining drone - Hyper Drone.
Genesis Property has announced the completion of works on Phase 2 of the YUNITY Park project following an investment of EUR20 million.
The Ministry of Finance continues the issues of Fidelis government bonds for retail investors and carries out a new offer on Bucharest Stock Exchange (BVB), between November 27 and December 15, 2023.
Climate change mitigation efforts in Romania will require public support as they entail increases in consumer prices and/or taxes, as per a World Bank report dedicated to Romania.
Amidst a fluctuating global economic landscape marked by improved consumer confidence and a temporary halt in rate hikes, the 2023 global real GDP growth forecast has been adjusted upward to 2.4%, backed by robust employment conditions and substantial fiscal stimulus, as per GlobalData’s latest report, “Global Macroeconomic Outlook – Q4 2023 Update.”
Over 70% of real estate developers in Romania present a major insolvency risk amid rising challenges generated by falling real estate sales and hiked taxes, reveals an analysis conducted by consulting firm Frames.
Romania is emerging as a major regional distribution hub, especially in southeastern Europe and the stock of logistic spaces is likely to top 10 million square meters by the end of this decade, from 7 million at present, way below that of some countries in the region such as Poland or Czechia, reveals a Colliers analysis.
Tech company 2Performant Network, the biggest player on the local affiliate marketing market, registered RON32.2 million turnover during the January-September 2023 period, 36% higher than in the year-earlier period.
Belgium’s WDP is close to clinching the acquisition of Doraly, in line with real estate market data, in one of the biggest real estate deals on the local market, put at over EUR100 million by ZF.
Renewable energy company Econergy has secured EUR60 million in financing from Raiffeisen Bank International to help support its 155MW solar energy project in Romania
Retail, agribusiness and food group Agroland Business System (AG.RO), which owns the largest farm supply store chain in Romania, ended the January-September 2023 period with a consolidated turnover of RON249.9 million, up 2% on the year, as per data from the company's financial report published at the Bucharest Stock Exchange.
Private lending in Romania grew by 5% in nominal terms (down 2.8% in real terms) to RON381.8 billion in October 2023 compared to October 2022, central bank data showed on Friday (Nov 24).
Redbee Software, DRUID and Questo are the Romanian technology companies included in the main category of the Deloitte 2023 Central Europe Technology Fast 50 ranking of the fastest growing tech start-ups in the region.
Tester Grup, a car distributor in the region of Moldavia through Casa Auto, has completed the refurbishment process of the Dacia – Renault – Nissan service center in Iasi (in eastern Romania), following an investment of EUR1.8 million.
The Romanian Wind Energy Association (RWEA) has appointed George Agafitei as its new president, effective November 23, 2023.
iHunt Technology Import-Export, a supplier and manufacturer of mobile phones and gadgets, has announced a net loss of RON722,200 for the first nine months of 2023, from a net profit of RON3.7 million in the year-earlier, as per data from the company's quarterly financial report published at the Bucharest Stock Exchange.
The Association for the Development of Local Entrepreneurship (ADAA) has received the Award of Excellence for supporting local entrepreneurship, from the Brasov Chamber of Commerce and Industry, within the National Top of Brasov Companies.
UniCredit Bank has successfully concluded a new issuance of senior unsecured corporate bonds in RON, carried out during the 21 – 24 November 2023 period.
Life Is Hard (LIH.RO), a technology company listed on the AeRO market of the Bucharest Stock Exchange (BVB) since 2015, will benefit from the Issuer Market Maker (IMM) services provided by BRK Financial Group. On November 23, 2023, the company's market capitalization exceeded RON 57 mn.
Financial analysts part of CFA Romania forecast a 6.28% inflation rate for the next 12 months, down from the previous exercise, and expect the Romanian currency to decline, with the average value of expectations for the next 6 months being 5.0097 units per euro and for the next 12 months 5.051/euro.20647 items