Found 19029 news
Bulgaria’s Eurohold Group has recently consolidated the financial position of insurer Euroins Romania, which now has a solvency capital requirement (SCR) ratio of 160% and a minimum capital requirement (MCR) ratio of 300%, its officials said.
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, continued to slide and ended the March 6-10 week at 6.91%, from 6.93% on Thursday.
Net investments carried out in the Romanian economy totaled RON150098.8 million in 2022, up 8.5% against 2021, in line with data the country’s statistics board INS published on Friday.
Ness Proiect Europe, a construction firm owned by Mihai Florian Vaida, hit EUR75 million turnover in 2022, after an increase of around 65% from 2021, and targets 15% growth in 2023.
Medical equipment provider Sofmedica, part of the group of the same name present in Greece, Hungary, Bulgaria and Cyprus, ended 2022 with EUR35 million and for 2023 estimates 20% growth in Romania.
Retailer Mega Image, held by Belgian-Dutch group Ahold Delhaize, ended last year with a network of 956 supermarkets and convenience stores, 36 more than it had at the end of 2021.
Slatina-based electrical and fiber optic cable manufacturer Prysmian, part of the Italian Prysmian group, has received EUR7.53 million in state aid under the HG322/2017 scheme to finance a EUR12.55 million project. Prysmian wants to develop an IT center of excellence in Slatina and will create 120 jobs there.
The three pharmaceutical companies listed on the Bucharest Stock Exchange - Zentiva, Antibiotice and Biofarm - reported double-digit revenue growth in 2022 compared to 2021, as per company data.
Romania's Finance Ministry raised RON589.2 million on Thursday (March 9) selling bonds maturing in April 2031, at an annual average yield of 7.59%.
Flip Technologies, a marketplace for the purchase and sale of refurbished mobile telephones, ended 2022 with a turnover of EUR36 million, three times higher than EUR13 million in 2021.
The mergers and acquisitions market in Romania, in terms of deals signed and concluded, reached EUR5.4 billion in 2022, higher than the pre-pandemic level of EUR5.2 billion of 2019, as a result of the over EUR1 billion Neptun Deep deal, a PwC Romania report shows.
Low-cost carrier Wizz Air announced on Thursday that it would operate a new route from Iasi, a major city in eastern Romania, to Germany's capital Berlin.
Luxury jewelry chain TEILOR has opened its fourth store in Bulgaria, in the city of Plovdiv, after three other stores previously opened in the capital city of Sofia.
Sphera Franchise Group, the holding that owns the company that operates in a franchise system the KFC brand on the local market, is expanding its restaurant network and by inaugurating the first units in gas stations through a partnership with Rompetrol.
Technology startup investment platform SeedBlink is launching the Secondary Market through which individual investors in technology startups can have faster access to liquidity, an otherwise illiquid asset class.
Only 10% of real estate companies in Romania expect decline in returns amid uncertainty regarding the evolution of the conflict in Ukraine, with players from Romania being the most optimistic in the region on this matter, according to the Deloitte Real Estate Confidence Survey for Central Europe 2023, conducted in three countries in the region, namely Poland, the Czech Republic and Romania.
More than four in ten Romanians believe that a hybrid system, with 3-4 days per week of work from the office, will dominate the year 2023, and more than a quarter rely on the system with 1-2 days per week at the office, as per a survey conducted by Genesis Property among 1,031 respondents nationwide.
Delgaz Grid, part of E.ON group in Romania, plans to attract, in the coming years, EUR700 million of European funds, to which around EUR1.5 billion of own funds will be added, to fund an extensive investment scheme to upgrade, expand, automate and digitalize electricity and natural gas networks.
Italy’s group Enel has announced it signed a contract with Greek-owned Public Power Corporation (PPC) for the sale of Romania assets, with the value of the deal standing at EUR1.26 billion.
Poland-held BLIK, which has developed a cashless payment system, has recently entered the Romanian market, the second largest market in Central and Eastern Europe.19029 items