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Fitch Ratings has downgraded Garanti Bank S.A.’s (GBR) Shareholder Support Rating (SSR) to ‘b’ from ‘b+’ and the GBR’s Long-Term Issuer Default Rating (IDR) was affirmed at ‘BB-‘ with Stable Outlook and Viability Rating (VR) at ‘bb-‘.
Romania’s largest electricity producer and the largest state-owned company is valued at RON50 billion (EUR10 billion) by the minority shareholder Fondul Proprietatea (FP.RO) in its latest valuation report (March) published on the Bucharest Stock Exchange on Friday.
Gral Medical Group, held by entrepreneur Robert Serban, plans to open a new oncology hospital in Prahova County, as well as new laboratories, and the total investment budget for 2022 stands at EUR10-15 million.
Deloitte Romania assisted Romanian natural gas producer and supplier Romgaz (SNG.RO) in obtaining the EUR325 million loan facility from lender Raiffeisen Bank.
Softbinator Technologies (CODE.RO), a Romanian software developer specializing in designing, developing and launching innovative products, has published its 2021 report and kept the budget estimates for 2022 as in the listing memorandum – RON26.7 million revenue and RON5.4 million net profit.
Romania’s Finance Ministry reopened a bond issue due in July 2029 and raised RON579.4 million from banks on Thursday, above the planned level of RON300 million, at an annual yield of 6.68%.
IT company Betfair Romania Development, based in the city of Cluj-Napoca, continues its growth plans on the local market, aiming to expand its team by 50% by the end of 2023 to reach the threshold of 1,500 employees who develop the global products of the Flutter Entertainment Group, which includes Betfair Romania Development.
MERO, a Romanian application for beauty salon appointments, on Thursday announced the acquisition of Logbox, a management system for beauty salons in Romania.
German-owned discount store chain Penny on Thursday said it ended 2021 with a turnover of RON5.39 billion, up 14% from 2020, and a net profit of RON123 million, up 44.8% on the year.
Austrian real estate developer S Immo said in a statement on Thursday that it reached an agreement to acquire the office project Expo Business Park in northern Bucharest from Portland Trust.
InteRo Property Development, a company held by the Topolinski Family of Canadian investors, plans to invest EUR54 million in two residential projects in northern Bucharest.
Inetum Romania, part of the French group of the same name, plans to expand its team and is looking to recruit 300 specialists in the country, the company said in a press release.
Cybersecurity solutions producer Bitdefender has invested over EUR50,000 in upgrading a computer lab for the students of the Faculty of Automation Control and Computer Science within the Polytechnic University of Bucharest.
Lender Banca Comerciala Romana (BCR) on Thursday announced the launch of the ADA chatbot, the virtual assistant that provides accurate and fast information for both retail and corporate activity.
Bonapp.eco, a mobile application that aims to combat waste by connecting consumers with retailers that sell food and beauty products which are close to their expiration date, has expanded to Cluj-Napoca (north-western Romania).
PAID (the Pool of Insurance against Natural Disasters) Romania will grant dividends worth RON11.6 million to its shareholders for 2021, even though its shareholders include four bankrupt companies, respectively Astra, Carpatica Asig, Certasig and City Insurance, in line with data from the company’s report for 2021.
The number of companies listed on the regulated market of the Bucharest Stock Exchange, with at least one woman holding a Board position, has increased by almost 20% since 2015 to reach 62%, in line with the latest data available included in the “Women on Boards” report conducted by Deloitte Romania in collaboration with Professional Women’s Network Romania (PWNR).
At the beginning of April 2022, Poland’s software engineering company Spyrosoft Solutions opened a local office in Timisoara (western Romania), within the Vox Technology Park, where it leased 400 square meters of office space.
Half of the local financial-banking analysts expect Romania's annual inflation rate to range between 8% and 10% at the end of 2022 and 35% expect an inflation rate above 10%, as per a survey by the Association of Romanian Financial and Banking Analysts (AAFBR) regarding the economic impact of the war in Ukraine.
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, took a step back on Wednesday (April 13), going to 4.70% per year from 4.71% on Tuesday.19029 items