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Crowne Plaza Bucharest Hotel, operated under a franchise contract by international hotel chain InterContinental Hotels Group, has completed works for mounting photovoltaic panels that can generate a total installed power up to 300 kWp.
Shareholders of Carbochim Cluj-Napoca (CBC.RO), the largest professional abrasives manufacturer in Romania, on June 20 approved the distribution of dividends in the amount of RON147 million, respectively a combined gross dividend of RON29.85, as per decisions made at the Ordinary General Meeting of Shareholders published at the Bucharest Stock Exchange.
Garanti BBVA, part of Garanti BBVA Group Romania, recorded a net profit of RON191 million in 2022, up 34.3% year-over-year, and net revenue of RON550 million, 20.1% higher than in 2021.
Finqware, a fintech startup that developed integration and open banking applications, has launched a new financing round through which it aims to raise EUR3 million.
Catalyst Romania Fund II, one of the leading venture capital funds in Southeast Europe, invested EUR2 million in the ESX application, a platform aggregating fitness, sport and well-being activities.
Glovo, one of the leading actors on the fast delivery market in Romania, has seen more than 66 million orders in its first five years in Romania, its officials said during an event celebrating this milestone.
Irish fashion retailer Primark, famous for its large format stores and low pricing strategy, on Tuesday (June 20) opened its second store in Romania, in Bucharest-based AFI Cotroceni shopping center, following an investment of EUR10 million.
P3 Logistic Parks (P3), a long-term investor, owner, developer and manager of logistics properties in Europe, announced that Andrzej Wronski, Group Head of Asset Management within the company, will be taking over the role of Managing Director for P3 Romania, starting July 1, 2023.
Electricity supplier and distributor Electrica Group (EL.RO) has announced the capital market that its member company Distributie Energie Electrica Romania (DEER), attracted non-refundable European financing in the amount of EUR57 million, through the Modernization Fund.
The volume of construction works in Romania increased, in unadjusted data, by 10.8% in April 2023 compared to April 2022 and was up 14.8% when adjusted to the number of working days and to seasonality, in line with data from the country’s statistics board INS.
SIF Oltenia informed the capital market about the decision of the Financial Supervision Authority authorizing changing the company’s name from “Societatea de Investitii Financiare Oltenia SA” to “Infinity Capital Investments SA”, in the wake of an April shareholder decision.
Real estate developer Genesis Property has started turning business park Novo Park of northern Bucharest into Yunity Park, a new real estate concept, a EUR50 million investment.
Albrau, a major independent brewer, has a RON5 million investment budget for this year, aimed at new production lines and boosting energy efficiency.
Spirits producer Diageo plans to develop its activities on the local market given the solid results registered in Romania.
River transport company Trading Line Group, majority held by entrepreneur Paul Ivanov, has bought two floating cranes that can handle 12,000 tons per day, four times as much as the existing ones in Constanta harbor. It is also investing EUR50 million to purchase four fast high-capacity vessels and two drones.
Technology startup investment platform SeedBlink announces the launch of Nimity, a product designed to simplify equity management for entrepreneurs and private investors, company representatives said in a statement.
Four out of five Romanians who will go on holiday abroad in 2023 plan to pay there by card, smartphone, or smartwatch, as per the latest Visa CEE Travel and Payment Intentions Study 2023 covering eight markets in Central and Eastern Europe (CEE), including Romania.
Deloitte Tehnologie SRL, the IT services center opened by the consulting and audit company in Bucharest in 2016, posted RON444.5 million revenue in 2022, up 49% from the previous year, data from its report to the Finance Ministry show.
Grup Serban Holding (GSH.RO), a Romanian entrepreneurial agricultural business, on Monday announced that chief executive officer and majority owner Lucian Nicolae Serban had donated 863,000 shares to each of his sons – Luca-Nicolae Serban and Matei-Mihai Serban.
Romania's Finance Ministry raised RON950 million from banks on Monday (June 19), selling government paper maturing in April 2030, at an annual average yield of 6.72%.19075 items