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Romanian conveyor belt maker Artego Targu-Jiu (ARTE.RO) has informed the Romanian capital market of the decision of the Ordinary General Meeting of Shareholders held on April 19, 2023 regarding the distribution of the company's 2022 net profit in the amount of RON12.3 million.
Spark, a Romanian EdTech that revolutionizes high-school education, plans to raise EUR700,000 with the help of technology startup investment platform SeedBlink in order to develop its innovative educational model.
ROCA Investments, a brand founded by Impetum Group and the most dynamic private equity company in Romania, has announced the successful exit from port operator Romcargo Maritim after a three-year restructuring process.
The European Commission found that Romania did not fulfill its obligations assumed in the Treaty on the Functioning of the European Union (TFEU) by restricting the export of electricity, as per a press statement of the Community Executive.
Polish company Alsendo, a provider of tech-enabled delivery management solutions in Central Europe, held by ESG transformation specialist investor Abris Capital Partners, has acquired Romanian company Ecolet, a leading B2X focused parcel services platform in Romania and Bulgaria.
Romania's finance ministry has attracted RON716 million and EUR473 million (values totaling RON3 billion – EUR618.4 million) through the first primary offering for the sale of government bonds for retail investors (FIDELIS) held in 2023 through the systems of the Bucharest Stock Exchange.
Private equity fund Morphosis Capital, founded by four Romanian executives, reported an overall 42% increase in turnover generated by the companies part of its portfolio against 2021.
Romania continues to rank 14th in the European Union by the number of new passenger cars registered in January-March, with 36,966 units, up 27.6% from the same period of 2022, in line with data released by ACAROM and ACEA.
Steven van Rijswijk, ING Group CEO, says Romania is a good market, its economy has weathered previous and current crises well, and the Dutch group’s desire is to grow further on its banking market.
One of the biggest green energy portfolios underway locally has UAE’s Masdar and Romania’s biggest energy producer Hidroelectrica behind it.
Motorola Mobility, part of China’s Lenovo Group, has constantly grown in Romania in the last few years, reaching 300,000 phone activations (phones purchased and activated by insertion of a SIM card) in 2022, 100,000 more than in 2021, the representatives of the Romanian subsidiary said.
The De’Longhi unit that handles import and wholesale of home appliances in Romania budgeted growth again in 2023, after a 9% increase in sales last year.
Low-price fashion retailer Takko, which has been operating in Romania for more than 15 years, has budgeted seven new stores for 2023, but the actual opening pace will depend on the progress of the retail project inauguration.
KMG International Group has signed a new syndicated credit facility of USD531.8 million, with the possibility to be increased up to USD600 million.
Mariana Gheorghe will no longer run for a new term in the Supervisory Board of ING Group, therefore the Group has started the process of recruiting a replacement, according to ING Group’s annual report for 2022.
Investment fund VR Business Capital, controlled by Victor Angelescu, has acquired 49% of the shares of Sfera Credit, a non-banking financial institution that grants online loans, a business that is starting to gain ground on the Romanian market.
One United Properties (ONE.RO), the leading investor and real estate developer of sustainable residential, mixed-use and office projects in Romania, announces the opening within the One Herastrau Towers residential project of Le Manoir Gourmet Market pilot project developed by entrepreneur Cristian Preotu, the owner of Le Manoir store chain.
Romanian carmaker Automobile Dacia, owned by French group Renault, said its sales grew by 34.3% year-over-year to 171,789 units in the first quarter of 2023, as per data provided by Dacia.
Only 53% of business executives admit their companies are not where they should be and are unprepared for serious economic disturbances, as per a new survey conducted by SAS, the global leader in analytics.19058 items