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Romania’s Finance Ministry reopened a bond issue due in January 2028 and raised RON363.5 million from banks on Monday, RON163.5 milion more than the planned RON200 million, at an annual yield of 6.29%.
Pharmaceutical manufacturer Biofarm (BIO.RO) expects 16% higher revenue compared with RON239 million of 2021, as well as 15% higher EBITDA from about RON82 million last year.
Insolvency specialist CITR has sold RON13.15 milion (more than EUR2.6 million) worth of agro-industrial assets to Cerealcom Bacau, a member of the agribusiness group Pambac, the company part of the Impetum Group said.
Technology start-up investment platform SeedBlink announces that it has opened its first branch outside Romania in Sofia, Bulgaria, as part of its expansion strategy.
Romanian business managers for the March-May period expect moderate activity growth in the processing industry, in parallel with a steep price increase in industry, constructions and trade, while the number of employees in industry, constructions and services will stay relatively stable, showed a survey by Romania’s statistics board.
Cegeka Romania, the local division of Belgian IT solutions provider Cegeka, with EUR36.5 million turnover at end-2021, aims to reach 1,000 employees locally and seeks to recruit around 300 IT specialists.
Tarsincom, a private company established in 1996 for domestic and international passenger transport, controlled by Corneliu Lucescu, saw its turnover rise by 16% in 2021 from 2020, to RON36 million.
British paper packaging producer DS Smith, present in Romania with a plant in Zarnesti, Brasov county, has invested more than EUR200 million in Romania to bolster its production capacities.
Antrepreneur Alex Ursuleanu, who controls Tinos Farm, a 20-pharmacy chain of Bucharest and Ilfov, is further looking at expansion opportunities on the pharma market, but the main challenge is the lack of specialized human resource.
Alser Forest, a forestry industry company with EUR1.5 million worth of bonds listed on the Bucharest Stock Exchange, ended 2021 with RON2.08 million net profit, up 217% against 2020, amid RON34.2 million turnover, 230% higher on the year.
Gothaer Asigurari Reasigurari has changed its name to Allianz-Tiriac Unit Asigurari on Friday, following its takeover by Allianz-Tiriac Asigurari.
Omer Tetik, CEO of Banca Transilvania, sold 100,000 shares of the bank on the Stock Exchange on Wednesday and Thursday, for a total transaction value of RON255,000, according to data published on the Bucharest Stock Exchange on Friday.
Romania’s general consolidated budget posted almost RON9.51 billion deficit in the first two months of 2022, 25% lower than the RON12.76 billion in the year-ago period, the Finance Ministry announced on Friday.
Impact Developer & Contractor (IMP.RO), one of Romania's largest residential developers, has included on the agenda of its Ordinary General Meeting of Shareholders and Extraordinary General Meeting of Shareholders (April 28) the approval of an additional stock option plan compensation, according to a report from the Bucharest Stock Exchange.
Local startup easySales, which set up a B2B platform for automating and centralizing e-commerce activities, has entered the Hungarian market and is integrating DHL Express services as well as global marketplaces such as eBay USA and eBay Poland.
French group Orange has a long-term plan for Romania’s market and is poised to step up local investments to keep its leading position on the segment of mobile telephony and also gain ground in the area of fixed services, according to the representatives of the group’s top management team and local subsidiary, six months after the completion of Telekom Fix acquisition, an almost EUR300 million deal.
Cosmin Ghita, digital and innovation director at Distributie Oltenia, part of CEZ Romania group, the electricity distributor to which the largest number of prosumers in Romania are now connected, says he expects the company to reach 7,000 prosumers in its distribution area and 45-50,000 countrywide by yearend.
Targu-Mures-based private hospital Nova Vita, one of the largest private hospitals in Romania, with 170 beds, in 2021 posted EUR6.5 million turnover, 15% higher than in 2020.
Construction material manufacturer TeraPlast Bistrita (TRP.RO) is summoning its shareholders on April 28 to approve the distribution of dividends in the amount of RON32.7 million, respectively a gross dividend of RON0.015 per share, from the profits corresponding to the second, third and fourth quarters of 2021, in line with the summoning note published by the Bucharest Stock Exchange.
Fast moving consumer goods (FMCG) distributor Aquila Part Prod (AQ.RO) is summoning its shareholders on April 29, 2022 to approve, among others, the distribution of a gross dividend of RON0.0442 per share, as per the summoning note published by the Bucharest Stock Exchange.19029 items