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Meta Estate Trust, a holding-type company operating in the real estate field, present on the SMT-AeRO market of the Bucharest Stock Exchange, will be included in the BETAeRO index starting March 20.
APS Group, a CEE asset manager, has bought a EUR24 million non-performing loan portfolio from a bank of Romania.
Real estate developer Speedwell will invest EUR500 million in a mixed-use project on the 9-hectare former industrial site of Griro, on Calea Grivitei in Bucharest, the company said.
Belgian-held drywall products maker Etex Building Performance (formerly Siniat Romania) posted RON357 million revenue in Romania in 2022, an increase of 21% year-on-year. The growth came from an increase in prices, not from an increase in volumes.
East Group based in Cluj County, held by several entrepreneurs from Romania and Hungary, targets a consolidated turnover of RON1.167 billion (EUR236.9 million) in 2023, up almost 10% from a total turnover of RON1.063 billion (EUR215.7 million) recorded in 2022.
Timisoara is becoming a weekend destination now that it is European capital of culture this year, and organizes events on weekends, which is a big plus for tourism, says entrepreneur Marius Cristescu, who owns Bega Turism together with his brother.
Hidroelectrica, the largest electricity producer in Romania and a company that is preparing to be listed on the Bucharest Stock Exchange, has concluded a joint venture partnership with Abu Dhabi Future Energy Company Masdar for the purpose of developing, investing, building and operating renewable energy projects in Romania.
Romanian state-run lender CEC Bank said it would continue to finance Romanian entrepreneurs in 2023 through the IMM Invest Plus government programs, by granting subsidized loan interest and fees.
Cardiomed Medical Center in Targu Mures, specialized in cardiovascular disease diagnosis and treatment, has purchased from Siemens Healthineers the world's first photon-counting CT scanner, Naeotom Alpha.
2023 is shaping up as the first year in which employers take concrete steps towards bringing employees back to the office, as the number of remote jobs posted over the last month reaching a three-year low and half the level reported in the same period of 2022.
Law firm NDI Law has invested EUR50,000 in developing and launching a digital platform called NewLaw.ro for collaboration with lawyers.
Alpha Bank Romania reported a net profit of EUR33 million for 2022, considering that in 2021 it reported a profit before tax of EUR25.6 million.
Austrian-held insurer Vienna Insurance Group (VIG), which owns Omniasig, Asirom and BCR Asigurari de Viata in Romania, ended 2022 with a volume of underwritings worth EUR12.6 billion, up 14.1% from 2021, and a net profit of RON466 million, up 24% versus 2021, according to data provided by VIG representatives.
Andersen Global, an international association of independent consultancies, founded in 2013 in the US, is expanding its activities in Europe via a collaboration agreement with CMF Consulting (CMF), a valuation services company of Romania.
SmartBill, the main invoicing and management solution for SMEs in Romania, has integrated Smart Accounts service in its platform, via a partnership with Smart Fintech startup.
German generics manufacturer Stada, which is building a plant in Turda, Cluj, in 2022 generated RON247 million turnover in Romania, 37% higher than in 2021.
The Bucharest Stock Exchange (BVB), the operator of Romania’s around RON223 billion capital market, is convening its shareholder in April 26 for the approval of the distribution of 2022 net profit, totally worth RON11.3 million, of which RON637,327 for legal reserve and RON10.3 million under the forms of dividends.
Winemaker Cramele Recas, a major player on the Romanian market, for 2023 expects growth of around 7% by volume and of around 15% by value from 2022.
French building materials manufacturer Saint-Gobain in 2022 overshot the 2,000-employee mark in Romania in 2022, after it recruited further amid the expansion of local production capacities.
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, stagnated at 6.90% a year on Tuesday (March 14), in line with central bank data.19029 items