Found 20647 news
Restart Energy One, a major independent electricity supplier, has completed the construction and installation of two photovoltaic power generation systems for Moldova Farming, in a total investment of around EUR300,000.
Nuclear power producer Nuclearelectrica (SNN.RO) has notified shareholders that on November 16, 2023, it bought some EUR45 million of CEC Bank bonds. The annual yield is 7.75%, it said in a report to the Bucharest Stock Exchange.
IKEA Romania, one of the largest furniture and home decor retailers in the market, posted 14.1% growth in sales to more than RON1.2 billion in the fiscal 2023, after having sold more than 22 million products through all its stores.
ProCredit Bank Romania has lent EUR3.15 million to nextE group for the construction of a photovoltaic station with an installed power of 7.4 MWp in Bistrita Nasaud county.
The passenger car output of Romania’s two car plants, Dacia and Ford, went up by 14.48% in October year-on-year, to a total of 49,230 units, in line with data provided by the country’s carmakers association ACAROM.
Estonian-held Bolt, providing in Romania ride-hailing services, plus an electrical scooter maintenance services and food order app including an online mini-supermarket, has expanded its activity to Satu Mare as well, announced the company’s representatives.
Paint producer Evolor, part of ROCA Industry portfolio, plans to expand to other countries in the region after having starting exporting to the Republic of Moldova this year, according to its CEO, Bogdan Pirvu.
Shipbuilder Santierul Naval Orsova (SNO.RO) has informed the local stock market on Thursday (Nov 16) that it was notified that Infinity Capital Investments (SIF5.RO), formerly known as SIF Oltenia, had disposed of its 28% ownership stake in the shipbuilder.
Holcim Romania, one of the largest producers of construction materials in Romania, has completed an investment of over EUR15 million to increase by nearly 45% the production capacity at its autoclaved cellular concrete (ACC) plant from Adjud (Vrancea County).
Corrugated cardboard maker Vrancart (VNC.RO) has contracted a credit facility of EUR21.4 million from ING Bank to support the company's growth.
Romanian manufacturer of polystyrene and dry mortar VeroTherm intends to inaugurate its first logistics center outside the country, in the United Kingdom, aiming to expand the company's operations into foreign markets.
The European Commission forecasts, in its autumn economic report for Romania, that the real GDP growth is expected to slow to 2.2% in 2023 due to high inflation limiting disposable income, restrictive financial conditions, and reduced external demand, before gradually accelerating during the forecast period.
The Bucharest Stock Exchange (BVB) and the Romanian Association for Investor Relations (ARIR) have launched the first Non-Fungible Token (NFT) on the Romanian capital market in the form of digital art, to celebrate five years since ARIR was created as a promoter of best practice in investor communication.
Turbulent times in the offshore wind sector could change the way large-scale energy projects are built and funded in the future, according to the latest EY Renewable Energy Country Attractiveness Index (RECAI).
CEC Bank, the largest state-run lender in Romania, has raised EUR162.6 million from investors through a tap of its February 2028 senior non-preferred MREL Eligible Notes issue from February 2023.
Danube freight carrier Transport Trade Services (TTS.RO) reported a consolidated turnover of RON664.3 million for January-September 2023, up 31.4% on the year.
Industrial and logistics projects accounting for about 555,000 square meters are currently under construction in Romania and due to be delivered by the end of 2024, 60% or 315,000 square meters of which already pre-leased, real estate consultant Cushman & Wakefield Echinox data show.
Ropharma (RPH.RO), a pharmacy chain owned by entrepreneur Mihai Miron, ended the first three quarters of 2023 with a profit of RON4 million, down 33% from RON5.9 million on Sept 30, 2022.
Chemical compound Chimcomplex (CRC.RO) reported a net profit of RON54.8 million for the first nine months of 2023, lower than RON115 million in the same period of 2022, and its turnover fell to RON1.08 billion on the year from RON1.74 billion.
Construction material holding company Roca Industry (ROC1.RO), launched by Roca Investments, posted RON439.2 million revenue for its companies in the first nine months of the year, an increase of 7.9% on the year-ago period.20647 items