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Romania’s energy ministry on Thursday published a draft government decision stipulating the sale to the employees of energy company OMV Petrom (SNP.RO) of a package of shares representing almost 1% of the company’s share capital that is held by the Romanian State, at a price of RON0.215 per share.
Tiberiu Mavrodin, a member of the Board of Directors of state-run lender CEC Bank, was proposed to take over as Chairman of the Board and replace Mirela Calugareanu, in line with banking sources.
Romanian natural gas producer and supplier Romgaz (SNG.RO) has put into operation the Cosereni drying station, with three wells being put into production, stated energy minister Virgil Popescu.
Romania’s finance ministry on Friday confirmed that it would launch and list on the Bucharest Stock Exchange a new issue of FIDELIS government bonds for retail investors, between June 6 and 21.
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, has exceeded the 6% threshold on Friday (June 3), ending the May 30 – June 3 week at 6.01% a year, as per central bank data.
Automotive safety systems maker Autoliv Romania, the local subsidiary of Sweden’s group Autoliv, for 2021 reported turnover worth RON3.889 billion (EUR790.5 million), up 14% year-on-year, in line with ZF calculations based on Finance Ministry data.
ara shoes Romania, which operates the German group’s production locally, in 2021 generated turnover of RON6.4 million (EUR1.3 million), down 96% from 2020, when the business had already plunged.
Germany’s DIY retailer Hornbach plans to open a new unit in Constanta this autumn.
Oradea-based producer of PVC and aluminum windows and doors, owned by Romanian entrepreneurs Marius and Simona Pantis, saw its turnover go up by 60% in the first four months of 2022 from the same period of last year.
Carmo Lact Prod, a dairy and cheese producer of Monor, Bistrita-Nasaud, controlled by entrepreneurs Eugen Creosteanu, Ioan Neagos and Alin Neagos, reached RON158.4 million turnover in 2021, after a 19% increase from the previous year, in line with ZF calculations based on Finance Ministry data.
CrisTim group, one of Romania’s biggest meat producers by turnover, controlled by Radu and Cristina Timis, is set to invest RON50 million this year to retool the cold cuts plant of Filipestii de Padure, Prahova county, in the accommodation capacity of Casa Timis mansion of Chitorani locality and in energy production for self consumption.
The Foreign Investors Council (FIC) believes the current budgetary challenges must be tackled through sustainable measures for the Romanian economy targeting to address current problems without jeopardizing the country’s economic future by overburdening companies or generating a perception of regulatory instability.
French hotel group Accor has recently signed a franchise agreement with local company Leader D.G.S. Construct for the opening of an ibis Styles hotel in the town of Fagaras.
PwC Romania on Thursday announced that Adriana Costea and Radu Badiceanu were promoted as Partners in the Tax and Legal Advisory Practice and the Technology Consulting Practice, respectively, effective July 1, 2022.
Energy supplier Getica 95, held by businessman Viorel Tudose, ended 2021 with a turnover of RON1.9 billion, up 25% from RON1.5 billion in 2020.
Trustul de Montaj Utilaj Chimic Bucureşti (TMUCB) - Bucharest Chemical Equipment Assembly Trust - one of the oldest privately-held Romanian companies and one of the largest companies in the construction sector, is exiting insolvency after eight years, insolvency practitioner CITR, part of Impetum Group, said on Thursday (June 2).
ABIT Puresoft and Efecte have concluded an official partnership in Romania whereby a Service Management and Identity and Access Management Platform will be launched on the Romanian market.
Shareholders of lender Banca Transilvania (TLV.RO) unanimously approved at their general meetings of April 28, 2021 and of April 28, 2022, respectively, the lender’s purchase of own shares on the capital market as part of a stock option plan program, in line with a stock market report.
The Bucharest Stock Exchange (BSE) saw a 1.7% decrease in May 2022, as measured by BET (Bucharest Exchange Trading index) -the first index developed by BSE which includes the most traded stocks on the local market-, but gained 0.45% if dividends are priced in BET-TR (the total return version of BET), as per calculations by Ziarul Financiar (ZF) daily based on stock market data.
Romania’s airports reported a total three million passengers for the first three months of 2022, over three times more than in the same period of 2021, in line with data from the Romanian Civil Aviation Authority (AACR), as quoted by Ziarul Financiar (ZF) daily.19464 items