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The number of tax audits companies are subject to is expected to increase by more than a third over the next two years as per 2023 EY Tax Risk and Controversy Survey.
Law firm Filip & Company has assisted Banca Comerciala Victoriabank S.A., one of the largest banks in the Republic of Moldova, on the conclusion of an agreement for the sale of the shares held by Banca Comerciala Romana in BCR Chisinau S.A., its subsidiary in the Republic of Moldova.
Romania's foreign exchange reserves stood at EUR53.2 billion in March 2023, higher by EUR1.22 billion versus February 2023, central bank data showed on Monday (April 3).
Hidroelectrica, the largest electricity producer in Romania and a company that is preparing to be listed on the Bucharest Stock Exchange, has announced the completion of protection works at the Iron Gates I spillway dam following a total investment of RON82.7 million.
Romania’s national grid company Transelectrica (TEL.RO) continues to support the academic environment across Romania with initiatives aimed at facilitating students' learning process and providing optimal conditions in order to build a career in the energy sector.
Holcim Romania, Romania’s largest building materials manufacturer by turnover, is expanding its aggregates arm by acquiring Stones Business Development, a major aggregates provider in the Bucharest-Ilfov area.
Amazon Development Center, the development center of US giant Amazon in Romania, with offices in Bucharest, Iasi and Timisoara, for 2022 reported net turnover worth above RON610 million (around EUR124.7 million), up around 11% from 2021, but switched to losses.
Romanian-held Optima, a software solution and services developer and provider, saw its turnover rise by 48% in 2022, to EUR4 million.
Cargus, a major courier services company on the local market, envisages new development investments after having posted two-digit growth in the first months of 2023, says Yannick Mooijman, the company’s CEO.
Chimcomplex (CRC.RO), the leading producer and supplier of vital chemical substances in the region, with two industrial platforms in Onesti and Ramnicu Valcea, eyes RON2.16 billion turnover in 2023, down around 4.5% from RON2.26 billion last year.
The latest investment door and window trim maker Barrier has made in Bacau is a 1,200-sqm showroom, bringing together all the solutions part of the company’s portfolio. The investment amounted to EUR3 million.
Cocor Bucuresti (COCR.RO), the operator of the shopping center in the center of Bucharest, posted RON14.2 million revenue and RON3.03 million net profit last year.
Raiffeisen Bank on March 31 issued non-preferred senior eligible bonds due on December 7, 2027, the second tranche of the series 6 issued on December 7, 2022, with a total value of RON119.17 million by reopening the latest sustainability bond series.
Turism, Hoteluri şi Restaurante Marea Neagra (EFO.RO) has informed the capital market of the signing of several rental agreements for nine seaside hotels following the decisions of the Ordinary General Meetings of Shareholders of Nov 29, 2022 and of March 13, 2023.
Agroland Business System (AG.RO), the Romanian retail, agriculture and food entrepreneurial group which owns the largest network of agricultural stores in Romania, has expanded its Agroland MEGA network to 23 units across Romania after opening two new stores.
Nuclear power producer Nuclearelectrica (SNN.RO) placed with state-run lender CEC BANK a term deposit in the amount of RON107.6 million, the company informed its shareholders and investors via a report to the Bucharest Stock Exchange on Friday (March 31).
Fitch Ratings has revised the outlooks on Banca Comerciala Romana S.A.'s (BCR) and BRD-Groupe Societe Generale S.A.'s (BRD) Long-Term Issuer Default Ratings (IDRs) to stable from negative and affirmed the IDRs at 'BBB+'.
Romanian authorities issued 2,571 residential building permits in February 2023, 27.4% fewer than in February 2022, data from the country’s statistics board INS showed Friday (March 31).
The IRCC, which is used by banks to calculate interest rates for new loans taken out starting with the spring of 2019, grew to 5.98%, from 5.71 previously, seeing an increase of 0.27 percentage points in the fourth quarter of 2022 compared to the third quarter of 2022, in line with central bank data released on Friday (March 31).
Romania’s unemployment rate stood at 5.5% in February 2023, lower by 0.1 percentage points than 5.6% in January 2023, data from the country’s statistics institute INS shows on Friday (March 31).19043 items