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Polish investment fund Innova Capital and the European Bank for Reconstruction and Development (EBRD) sold the 25% stake they still owned in EnergoBit, a Romanian holding company providing end-to-end solutions for energy projects.
Romania’s cinema market has started the recovery from the declines faced during the pandemic but is still far from the figures recorded between 2016 and 2019.
SIF Banat-Crisana (SIF1.RO) said in a stock market report on Wednesday (Sept 14) that SIF Oltenia (SIF5.RO) exceeded the 10% ownership threshold of SIF1 shares at the trading session held on Sept 12.
Romania’s industrial production fell by 1.3% in unadjusted data in January-July 2022 versus the same period of 2021 and by 2.2% when adjusted for seasonality and number of working days, data from the country’s statistics board INS showed Wednesday (Sept 14).
The first high-level forum, “Moldova – Romania: Capital Bridges”, dedicated to promoting the opportunities of the capital market of both countries, was held in capital Bucharest on 13 September.
Dutch renewable energy group Photon Energy has started the construction of its seventh solar photovoltaic (PV) power plant in Romania, which will have a generation capacity of 7.1 MWp.
Agribusiness group Rodbun has contracted from state-run lender CEC Bank credit lines worth a combined RON30 million, with PCF Investment Banking acting as exclusive financial consultant in structuring, negotiating and implementing the transaction.
Luxury jewelry chain Teilor, present in ECE, for the first six months of 2022 reported RON124 million sales on Romania’s market, up 44% from the year-earlier period.
Alexandru Stanean, CEO of TeraPlast group, the biggest Romanian producer of building materials, says the company plans to invest RON24 million in photovoltaic panels in 2022.
Retail park developer Square 7 Properties wants to deliver annually between 35,000 and 45,000 square meters of new spaces locally in the next five years as it plans to expand toward smaller cities as well, explained Clemens Petschnikar, partner and CEO of the company.
Humanitas bookstore chain, a major player on Romania’s book market, is opening a new bookstore in Bucharest, its fifth, in a monument building on Lipscani 42 street of Bucharest’s Old Town, close to Carturesti Carusel bookstore.
Autonom Services, a mobility network controlled by brothers Marius and Dan Stefan, expects to reach EUR100 million turnover by yearend and for 2023 projects two-digit growth.
Maxagro group, owned by brothers Ianco and Ioji Zifceak, cultivating 10,000 hectares with grain conventionally in Timis county, has entered the niche of ecological farming by acquiring an almost 18,000-ha farm in the same county.
Frigoglass Romania, a producer of plastic products and refrigeration cabinets, part of Greek Frigoglass Group, had a turnover of RON573 million (EUR116.5 million) in 2021, up almost 15% on the year, as per calculation by Ziarul Financiar (ZF) daily based on finance ministry data.
Dacia Mioveni and Ford Craiova, the two car plants in Romania, manufactured some 330,400 vehicles in January-August 2022, 15.5% more than in the same period in 2021, as per data from the country's carmakers association ACAROM.
OTP Bank Romania on Tuesday said it participated in financing the loan recently granted on the local market to real estate developer Iulius Group to support investments in Iulius Mall regional shopping centers in Iasi, Cluj-Napoca, Suceava and Timisoara.
Romanian natural gas producer and supplier Romgaz (SNG.RO) on Tuesday (Sept 13) said in a stock market report that it placed with state-run lender CEC BANK a term deposit in the amount of RON160 million.
Law firm Dentons Romania has further strengthened its team in Bucharest with the addition of Oana Voda as Head of the Public Procurement Practice.
75% of Romanian consumers willing to invest in energy efficiency projects plan to resort to bank financing, above the European average of 64%, according to the European Retail Banking Radar survey released by leading global consulting company Kearney.
BRD Asset Management, the investment management company of BRD Groupe Société Générale, has launched four new investment funds, thus widening its portfolio of products intended for investments by 50%.19477 items