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Transavia, the largest poultry producer in Romania, has announced the conclusion of a partnership in the field of green energy with electricity supplier Electrica Furnizare, part of Electrica Group, which stipulates, in a first phase, the installation of 6,480 photovoltaic (PV) modules at ten Transavia locations in the area of Brasov (central Romania).
Stock indices posted sharp declines in September 2022, sending most international equity markets into correction territory at the end of the first nine months as investors’ fears about rising interest rates and the possibility of a recession in developed markets gain momentum.
International rating agency S&P maintained Romania's rating at BBB-/A-3, with a stable outlook, due to an expected improvement of the country's fiscal imbalances over the next years and to upcoming reform under the recovery and resilience plan.
Romania's nuclear power producer Nuclearelectrica (SNN.RO) said in a stock market report on Monday (Oct 17) that Unit 1 was reconnected to the national power grid on the evening of October 16, 2022 after the completion of adjustment works.
Automobile Dacia and Ford, Romania’s two carmakers, in the first nine months of 2022 manufactured 381,971 passenger cars, up 21.2% from the year-earlier period, in line with data provided by ACAROM, the association of automotive manufacturers in Romania.
Poland’s PayPo, which provides an alternative payment solution of the buy now pay later type for online retailers, has recently entered Romania’s market with a EUR20 million investment budget.
Austrian group Wienerberger in the first six months of 2022 posted EUR58.1 million revenues in Romania, up 25% from the year-earlier period, in line with ZF calculations based on company data.
US giant Burger King is resuming expansion in Romania, but with a different franchisee after having in early 2022 terminated the agreement to develop the brand on the markets of Poland, Czechia, Slovakia, Bulgaria and Romania with Poland’s AmRest.
AROBS Transilvania Software is continuing its M&A strategy and currently has two deals underway, with one of them likely to be announced as soon as the yearend, explained Voicu Oprea, fonder and CEO of the company.
Allianz-Tiriac, Romania’s second largest general and life insurer in line with the latest financial watchdog ASF data, estimates it will near the RON3 billion threshold in terms of underwritten premiums toward the end of 2022.
The private group Monza, controlled by Italy’s Policlinico di Monza, which has been operating the largest private cardiology hospital in Romania for over a decade, is to sell the hospital it developed in Enayati Medical City in the north of Bucharest, ZF sources say.
The fourth-generation Dacia Duster, to be launched most likely in 2033, will be the first electric car made at Dacia's Mioveni plant, says Dacia Brand CEO Denis Le Vot.
Romania's current account balance posted a deficit of EUR16.9 billion in January-August 2022, higher by 58% than in the same period in 2021, central bank data published on Friday (October 14) show.
Port operator Comvex Constanta (CMVX.RO) plans to disburse RON21,572,871 dividends from its 2021 recorded and undistributed profit, the company said in a report to the Bucharest Stock Exchange.
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, on Friday, October 14, climbed to 8.17% from 8.15%.
Final electricity consumption in the first eight months of 2022 was 5.3% lower than in the same period of 2021, as consumption in the economy went down by 4.5%, household consumption dropped by 7.7% and public lighting rose by 3.8%, in line with statistics board (INS) data.
Taco Bell, a Mexican-inspired restaurant chain, part of the Sphera Franchise Group, which has been present on the local market for five years, will open its fifteenth location this year at the end of November in Craiova. The new restaurant will be in a food court and the investment will be around EUR450,000.
Julius Meinl Romania, one of the largest actors of the premium coffee market, is preparing to invest approximately half a million euros over the next year to strengthen its presence in the on-premise segment, through a concept created for businesses in this sector.
After a 12-year development, Black Sea Oil & Gas (BSOG), whose owner is US giant Carlyle, started drilling for gas in the Black Sea via the Midia Gas Development (MGD) project this June.
Romania's finance ministry raised RON300 million on Thursday (Oct 13) selling bonds maturing in February 2032, at an annual average yield of 9.24%.19043 items