Found 20647 news
Erste Group, which owns BCR in Romania, has upwardly revised its Romania inflation estimate for 2024 amid stepped up inflationary pressures, now expecting a peak of at least 7% in January-February.
AQUILA, the market leader in the field of integrated distribution and logistics services for consumer goods in Romania and the Republic of Moldova, announces the signing of a purchase-sale pre-agreement for 100% of the shares of Romtec Europa SRL (Romtec), as part of its development strategy via M&A.
Cybersecurity company SafeTech Innovations registered RON20.1 million turnover in the first nine months of 2023, down 4% from the year-earlier period.
Shipbuilder Santierul Naval Orsova has sealed a EUR2.4 million contract for the construction of a river vessel for Netherland’s Rensen-Driessen Shipbuilding.
Romanian winemaker Domeniile Averesti, owned by entrepreneur Constantin Dulute, is due in 2023 to list its wines in three of the main food retail networks in the US, namely Cotsco, Aldi and Target.
Termoexpress, a carpentry producer of Cluj county, sends around 80% of production abroad and plans to open logistic centers in the areas where most orders come from, namely France and Italy.
IT group Bittnet Systems (BNET.RO) has informed the capital market of the decision made by its Board of Directors regarding a primary public offering of corporate bonds, unsecured, issued in RON.
Danube freight carrier Transport Trade Services (TTS.RO) announced in a stock market report on Nov 6, 2023 that NAVROM, the main provider of river transport services within TTS Group, continues the EUROPA 2 type barge construction program started in the spring of 2023 by signing an additional contract with Romanian shipbuilder Santierul Naval Severnav (SEVE.RO).
Flip, the Romanian start-up that encourages circular economy by refurbishing phones and tablets that are reintroduced on the market as good as new, expects sales of EUR3.5 million for this year’s Black Friday campaign held between Nov 9 and 12, which would translates into a 30% increase compared to last year.
Romania’s largest online retailer eMAG projects sales of RON680 million on Black Friday, on November 10, almost RON36 million higher than in the 2022 edition of the sales campaign.
Romania's Finance Ministry raised RON1.3 billion from banks on Monday (November 6), selling government paper in two auctions, at annual average yields of 6.83% and 6.03%, respectively.
The average office transaction size in the first nine months of 2023 was 1,810 square meters, the highest average recorded in the last four years and close to the record level of 1,900 sqm set in 2019, according to data from real estate consulting firm Cushman & Wakefield Echinox.
Craiova-based Softronic, the only manufacturer of electric locomotives and multiple units in Eastern Europe, is in advanced talks to sell locomotives to the largest private rail carrier in Slovakia.
Romania has been elected as member of the Executive Committee of the International Organization of Pension Supervisors (IOPS) for the 2024-2025 period.
Organic farm input producer Norofert (NRF.RO) posted RON1.1 million consolidated net profit in the first nine months of 2023, down 85% on the same time in 2022, while revenue stood at RON30.9 million, 42.1% lower, the company said in a report to the Bucharest Stock Exchange on Monday.
Croatia-based pet care company Pet Network International (PNI), a European pet care retail group of companies, currently operating in South Eastern Europe, has recruited Andreea Grigorescu for the position of Chief Executive Officer (CEO) of Animax and Maxi Pet, starting January 2024.
Karoly Borbely, a former telecommunications minister and the man who supervised the largest share sale in the history of Romania, the RON9.3 billion sale Fondul Proprietatea used to exit Hidroelectrica (H2O.RO), was appointed chief executive of Hidroelectrica, the company said in a report to the Bucharest Stock Exchange.
A new global survey called “GenAI: What consumers want” shows there is consumer appetite for businesses using generative AI (GenAI) in the innovation of products and services, yet only where businesses are transparent and proactively communicate how they are using it.
New registrations of road vehicles for passenger transport in Romania decreased by 3.8% in the third quarter of 2023 compared to the third quarter of 2022, data from the country’s statistics institute INS showed on Monday (November 6).
The simplification of customs operations is critical for economic operators involved in the supply chain. In 2023, specifically starting from December 1, 2023, export customs operations will be carried out through the new IT system called AES-RO, developed by the Romanian customs authority.20647 items