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By mid-2023, Romania is likely to have its first strategy for the development of local hydrogen production, with Galati and Dobrogea being seen as potential hubs for this new industry.
Francois Coste, the chief executive officer of Groupama Asigurari, which became the insurance market leader in Romania shortly after former leader City Insurance went bankrupt, has received approval from the Financial Supervisory Authority to continue in his position, the Authority said.
State-run Oil Terminal (OIL.RO) received approval from the Energy Ministry to start negotiations with real estate developer Iulius Group on a EUR815 million urban regeneration project in Constanta.
Transelectrica (TEL.RO), the operator of the national energy transmission system, announced in a stock market report the structure of the Supervisory Board after its seven provisional members appointed by the Decision of the Ordinary General Meeting of Shareholders of February 16, 2023 signed, in front of the notary public, the declaration of acceptance of mandates.
Romania's finance ministry raised nearly RON1 billion on Thursday (March 2, 2023) through two government bond issues, at annual average yields of 7.99% and 7.27%, respectively.
Romania’s Financial Supervisory Authority (ASF) has approved the increase of the share capital of Euroins Romania by RON44.7 million, according to ASF representatives.
Evergent Investments (EVER.RO, formerly SIF Moldova) posted RON82.9 million net profit in 2022, an increase of 78.6% year-on-year, ZF has calculated from the preliminary unaudited annual financial report submitted to the Bucharest Stock Exchange.
Metaminds, a Romanian integrator of cybersecurity solutions and complex IT solutions, switched to a new management system and recruited Ovidiu Ghiman, one of the most famed Romanian executives in the IT&C industry, to run one of the newly established bodies, as part of a growth acceleration plan tat also entails raising financing, the company said in an announcement.
Romanian building materials producer COMCM Constanta (CMCM.RO) on Thursday reported total revenue of RON1.2 million for end-2022, down almost 90% versus 2021, as per the company’s annual preliminary results.
P3 Logistic Parks (P3), a long-term investor, developer and manager of logistics properties in Europe, concluded transactions for over 98,500 square meters of logistics and office space on the Romanian market in 2022
E-Distributie companies, the electricity distribution operators within the Enel Group, in 2022 invested approximately RON106 million from own funds in high voltage projects in Bucharest, Ilfov and the regions of Dobrogea and Banat.
Law firm Filip&Company has expanded the team of partners by promoting Cristina Tudoran (Employment and Dispute resolution) and Silviu Vasile (Competition), while Simona Ungureanu (Corporate and M&A) was co-opted into the team of senior associates.
Romania's industrial production prices for the total (domestic market and non–domestic market) increased by 24% in January 2023 compared to January 2022, data from Romania's statistics board INS showed on Thursday (March 2, 2023).
Romania’s unemployment rate stood at 5.6% in January 2023, the same as in December 2022, data from the country’s statistics institute INS shows on Thursday (March 2).
Online supermarket Sezamo, part of Czech group Rohlik, wants to reach 3,000 orders per day, this year as it went beyond the 1,000 orders per day mark four months after its official launch.
Bookster, known for the service that intermediates the connection between physical libraries and company employees, reached EUR3.7 million turnover in 2022.
Turbomecanica (TBM.RO), the only local manufacturer of gas turbine engines and mechanical assemblies for aircraft, in 2022 posted RON138 million revenues, up from RON131 million in the previous year, but net profit shrank to RON9.5 million from RON11.8 million.
Romanian maritime port operator Socep Constanta reported RON42.6 million profit at the end of 2022, up 265% from 2021.
Mecanica Fina (MECE.RO), a producer of measuring, verification, control and navigation instruments and devices, in 2022 registered net profit worth RON10.2 million, 128.7% above the 2021 level.
Group of firms Maviprod-IRUM, owned by Oltean family of Reghin, plans to carry out EUR8-10 million investments this year, taking further its development scheme of recent years.19029 items