Found 20647 news
BNP Paribas, the largest bank in France, raised RON100 million from private pension fund Vital managed by Aegon in September, at a 7.35% yield per year and September 12, 2028 as maturity, as part of the strategy to diversify funding sources to various clients and various currencies.
Timisoara-based SpyShop SRL, which operates spy-shop.ro, one of the largest online security system stores in Romania, expects to see sales up three times during the Black Friday campaign, which it will run in November 3 to 30, compared with a regular month. It prepared for it with a EUR5 million stock of merchandise.
Global leaders view geopolitical challenges (61%), inflationary trends (46%) and concerns about their ability to meet increased environmental, social, and governance (ESG) expectations (40%) as the top risks impacting their third-party relationships, according to Deloitte 2023 Global Third-Party Risk Management Survey, conducted in 40 countries, including Romania.
Romania's Financial Supervisory Authority (ASF) has approved the appointment of Remus Lapusan as a member of the Board of Directors of life insurance company Uniqa Asigurari de Viata, starting from November 2023.
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) inched down 0.9% in unadjusted data and grew by 0.7% when adjusted for seasonality and number of working days, in September 2023 compared to September 2022, data from the country’s statistics institute INS showed on Wednesday (November 8).
Romania's central bank has decided at its board meeting on Wednesday (November 8, 2023) to keep its benchmark interest rate on hold at 7%.
Banca Transilvania is granting a EUR25.3 million loan to parcel delivery company Sameday, held by eMAG, to support its medium-term investment plan.
The turnover of Romanian companies operating in the agricultural saw the second largest nominal annual increase in the last ten years, of over RON8 billion, touching a record high of RON68 billion in 2022, which is 48% higher than in 2018, as per KeysFin's annual “Romanian Agricultural Sector” study.
Over 60% of managers who participated in the Confidex survey are readying for more challenging work conditions or even a recession, which would follow the trend of markets in the region and the eurozone.
In one of his rare public appearances, Ion Sterian, chief executive officer of Transgaz (TGN.RO), the national natural gas transmission company, says that the Black Sea will not turn Romania into a regional player as people keep saying, because the estimated amount of natural gas will not be enough to at least cover domestic consumption.
Fondul de Pensii Administrat Privat (FPAP) Metropolitan Life has increased its ownership stake in Danube freight carrier Transport Trade Services (TTS.RO) to 5.1%, which translates into 3.06 million TTS shares.
Romanian state-run nuclear power producer Nuclearelectrica (SNN.RO) has informed the capital market in a report on Nov 7 of the awarding of a contract for the supply of reactor tooling and components, as well as engineering services and technology, in support of the life extension of the CANDU reactor of Unit 1 at Cernavoda Nuclear Power Plant (Cernavoda NPP).
Optical retailer Lensa has continued fast-paced expansion in 2023 and so far has opened 35 stores, among which its first three international ones, in the Republic of Moldova, chief operating officer Nicoleta Dumitrescu said.
Liberty Galati, the largest integrated steel producer in Romania, has started the process of restarting Blast Furnace no. 5, which is expected to be operational in the coming days, the company announced in a press statement on Tuesday (Nov 7).
Affidea Romania, the largest player on the medical imaging, outpatient and treatment services market, has acquired the Biomed Scan medical centers in capital city Bucharest.
Gral Medical, one of the largest actors on the private healthcare market in Romania, which chose to develop organically, has completed the EUR300,000 investment in the clinic in Pitesti, a city it bet on in 2019, when it opened a cancer hospital there.
Indian-born British entrepreneur Dinesh Dhamija, the founder of Copper Beech Group, is entering the Romanian renewable energy market through an investment of RON745 million in the development of a next-generation photovoltaic (PV) park in Romania's southeastern county of Giurgiu.
Law firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted real estate developer Impact Developer & Contractor SA in connection with a corporate bond issue worth EUR8 million.
Romania's National Authority for Consumer Protection (ANPC) has suspended the sale of more than 600 vehicles, exposing the risks posed by the Romanian used car market.
Real estate developer Globalworth has appointed Ema Iftimie for the position of Managing Director for its real estate operations in Romania, effective December 1, 2023.20647 items