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Romania’s finance ministry will be listing on Monday (Dec 5, 2022) four new FIDELIS government issues of bonds for the general population, at the Bucharest Stock Exchange, of which two in lei and two in euro.
Romania’s Competition Council has approved, in terms of national security, a transaction whereby Tissue Solutions Limited is acquiring the company Fidelis Research AD and its Romanian unit, Fidelis Research S.R.L..
State-run national pipeline company Conpet Ploiesti (COTE.RO) notified the Bucharest Stock Exchange about the signing of a RON32.2 million contract with OMV Petrom (SNP.RO), Romania’s only oil and natural gas producer.
The Radisson Blu Aurum Brasov hotel, inaugurated in October, targets a turnover of EUR6.5 million in 2023 and a minimum average occupancy rate of 65%.
The net assets of the 239 domestic and foreign open-end and closed-end investment funds operating in Romania fell by 0.7% in October 2022, to RON46.4 billion (EUR9.5 billion), and plunged 13.4% since the beginning of 2022, in line with the latest data from the Association of Fund Administrators.
In the context of the 2023 state budget planning, AmCham Romania reiterates, as every year, the importance of fundamental principles that must guide this process.
CTP, the largest logistics and industrial space developer in Continental Europe, has announced the expansion of CTPark Bucharest South with the construction of a new warehouse set to almost double the total leasable area of the project to around 150,000 sqm.
After almost a decade of very strong GDP growth, Romania is preparing itself for a steep slowdown, said Dimitrios Goranitis, Banking and Capital Markets leader, Deloitte Central Europe.
Cargus SHIP & GO network reached 3,000 locations this month, most of which are PUDO (pick-up and drop-off) points, thus covering over 750 cities in Romania and being able to deliver almost 75,000 parcels per day.
Romania expects to see a new wave of price increases over the next three months and employers talk about an “accentuated” increase in retail prices, in line with data released Monday by the country's statistics board INS.
German-held discount retailer Lidl has announced the opening of three new stores in Romania, in the city of Bucharest and the towns of Vaslui and Pecica.
Agroland Business System (AG.RO), the Romanian retail, agriculture and food entrepreneurial group which owns the largest network of agricultural stores in Romania, reported RON225 million revenues for the first nine months of 2022, up 32% from the year-earlier period, and RON3.6 million net profit, 53% lower.
Cluj-Napoca-based software producer Fortech, recently acquired by Japan’s Hitachi, increased its turnover by 60% in 2021 from 2019, ahead of the pandemic.
JYSK, the Scandinavian furniture and home products retailer, generated RON841.7 million (EUR171 million) in the 2021-2022 financial year, up 6.1% from the previous one.
Petru Ruset, managing director of Siemens Energy Romania says the company plans to top the 1,000-employee mark by end-2024 with the over 450 existing colleagues it has recruited in the past year.
Agricover Holding SA on Friday informed investors that it had appointed WOOD & Company Financial Services a.s. to advise it in exploring opportunities to raise capital to finance the growth plans, including but not limited to a potential initial public offering of shares in Romania, followed by the listing of shares on the Bucharest Stock Exchange.
Fondul Proprietatea (FP.RO) has slightly lowered its stake in OMV Petrom (SNP.RO) in the third quarter - July, August, September, by selling about 40 million shares on the Bucharest Stock Exchange, which got it RON20 million at an average price of RON0.47/share, ZF has calculated.
Romania is in the main category of the Deloitte Technology Fast 50 Central Europe ranking, which includes technology startups with the highest growth in the region, through Wave Studio, a developer of mobile Android and iOS apps, 22nd with a growth rate of 1,319% of revenue in 2018-2021.
Prospectiuni Bucuresti (PRSN.RO), a geological prospecting company owned by businessman Ovidiu Tender, announced a net profit of RON9.5 million in January-September 2022, compared with a RON20.7 million loss in the previous year. In the first quarter of 2022, the group made a loss of RON3.5 million.
Paval Holding Properties, the real estate investment vehicle of the Paval family (owners of DIY retailer Dedeman, among others) has hired Marian Roman, who had previously led the CA Immo team in Romania, to supervise the new office division, Europolis Office, established after its latest transaction.19015 items