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E-learning company Ascendia (ASC.RO), listed a new bond issue on Bucharest Stock Exchange’s Multilateral Trading System on Tuesday.
Logistics space developer Logicor has completed the development of the last building of approximately 23,000 sqm of the state-of-the-art Logicor Bucharest I Logistics Park in Mogosoaia, 12km northwest of Bucharest city center.
The e-commerce segment has strongly developed in Romania over the last ten years, especially during the pandemic and, according to public data analyzed by Clean Recycle, approximately 10,000 online platforms are active in Romania, selling products from various categories.
Law firm Tuca Zbarcea & Asociatii has assisted US company GlobalLogic Inc. in acquiring Fortech, one of Romania’s leading IT services providers, a transaction which marked GlobalLogic’s entry into the Romanian market.
The Bank Lending Survey released by the European Investment Bank (EIB), with a focus on Central, Eastern and Southeast Europe (CESEE), looked into data collected in September 2022 and outlines the expected trajectory for the next six months regarding the credit demand, supply conditions and credit quality.
Kaufland Group continues to expand its store network in the Republic of Moldova and opened its eighth store in the country.
Shareholders of Grup Serban Holding (GSH), a Romanian entrepreneurial company active in several fields in agriculture, approved in Monday’s general meeting the distribution of RON10.5 million from the remaining undistributed net profit related to the year 2020, in the amount of RON17.4 million, for capitalization and the granting of shares to shareholders.
Tulcea-based bakery producer Lidas in early 2022 started an investment in a bakery plant in Tulcea, worth EUR46 million and announced it sought to hire 200 people. Its number of employees rose from less than 200 at end-2021 to 380 in November 2022.
Output of upholstery and covers, including car covers, topped EUR470 million in Romania, in line with Eurostat data. Thus, Romania ranks first in the EU, also covering a quarter of European production by value, in line with ZF calculations.
Astra Vagoane Calatori plant, one of the biggest players on the local rolling stock market, will operate at full capacity next year, when it is due to deliver 48 streetcars to Bucharest and other cities in Romania.
Flextronics Romania, the local subsidiary of the Singapore-based Flex Group (Flextronics), which manufactures components for communications, IT and medical equipment, currently has over 320 jobs available, the website of the Timis County Employment Agency (AJOFM) shows.
Charger.ro, a Romanian integrator of green-tech solutions and services for personal consumption and for companies, has drawn an investment of EUR245,000 from a group of investors within a process coordinated by Bravva Angels, a community of business angel investors in Romania aiming to support startups with at least one female founder.
Romania's finance ministry raised almost RON1.5 billion on Monday (Dec 5) through two government bond issue, at annual average yields of 7.87% and 7.47%.
The prices of the old three-room apartments in Bucharest stagnated for the first time in November, after having dropped by EUR500 or 0.5% to EUR107,850 in October, the real estate index compiled by ZF and real estate consultant SVN Romania shows.
New car registrations in Romania increased by 6.9% to a total 116,891 units on the year in the first eleven months of 2022, data from the association of automotive manufacturers in Romania (ACAROM) and of Romania’s General Directorate for Driving Licenses and Car Registration (DRPCIV) showed on Monday (Dec 5).
Marquardt Romania, a member of the Marquardt Group- a German top mechatronics producer – will be opening its first office in the country’s North-East Region within the Palas Iasi mixed-use compound.
Furniture maker and retailer Mobexpert plans to open 20 stores in Romania in the coming years, said the retailer’s Chief Executive Officer, Adelina Badea.
Shareholders of lender Raiffeisen Bank Romania, the local division of Austria’s Raiffeisen Group, will discuss on Tuesday (Dec 13) a proposal to grant gross dividends in the amount of RON396 million, which translates into RON33,000 per share.
LIBERTY Galati will be starting a RON18.3 million care and maintenance program for Blast Furnace No 5 this week.
Gemma Webb was appointed to the position of Chief Executive Officer (CEO) and Chairman of the Board of Directors of RetuRO Sistem Garantie Returnare, the company that has been designated as administrator of the deposit-return system (DRS) in Romania.19015 items