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An integrated team of transaction professionals of PwC Romania and D&B David si Baias, the law firm affiliated to PwC in Romania, have provided assistance to Italy’s Beltrame Group in the transaction for the acquisition of the functional production assets of insolvent special steel plant (COS) Targoviste.
Shareholders of state-owned utility group Electrica (EL.RO) decided in their general meeting of March 21 to approve a total ceiling of short-term financing in the amount of RON1.5 billion that can be contracted in 2022, which will be used for the current activity of its electricity supply branch Electrica Furnizare.
Romanian startup Frisbo, which runs an e-fulfilment platform for the collection, packing and delivery of online orders, on Monday announced the expansion of its operations to the UK, Spain, Italy and Austria in the first quarter of 2022, thus facilitating the logistics of European online stores that want to sell on these markets.
MedLife, the leader of the Romanian private medical services market, on Monday announced the increase of its shareholding in two subsidiaries of the group, Genesys and Almina.
The teams of contractors of Delgaz Grid, the natural gas and electricity distribution company in Romania of German utility group E.ON, started the implementation of the project for the modernization of the electricity distribution infrastructure at Stanilesti and Murgeni stations.
The shares of Sphera Group (SFG.RO), the operator of the KFC, Taco Bell and Pizza Hut brands in Romania, were included in the FTSE Global Micro Cap index.
Five new Bucharest Stock Exchange listed companies are included as of Monday (March 21, 2022) in the FTSE Russell index series dedicated to Emerging Markets: MedLife (M), Purcari Wineries (WINE), Conpet (COTE), IMPACT Developer & Contractor (IMP) and Sphera Franchise Group (SFG).
Based on historical growth, women will occupy less than a third (28%) of the leadership roles in the financial services companies by 2030, according to the latest edition of Deloitte report “Leadership, representation and gender equity in financial services”.
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, advanced to 4.49% a year on Monday (March 21, 2022) from 4.39% a year on Friday (March 18), in line with central bank data.
The profitability of Romanian state-run and private companies, exclusively the ones in the financial sector, has improved in 2020, but the financial results were decisively impacted by the massive economic support measures adopted by the state, in line with an analysis by the Fiscal Council.
Lemon Office Design, the office fit-up division of the company Lemon Interior Design, will be fitting up the Superbet offices within the One Cotroceni Park project developed by One United Properties in Bucharest’s Cotrocenia area.
Rondocarton, part of the Austrian group Rondo Ganahl, one of the largest corrugated cardboard producers, which operates three packaging plants on the local market, in 2021 posted EUR110 million turnover, the first year it went beyond the EUR100 million mark, according to the company’s officials.
Mircea Moga, CEO of retailer Mega Image, believes that in 2022, despite the inflationary pressures, food retail will continue to grow and in this context the company will also expand further.
The bet of Dacia Mioveni assembly factory is to attract into production the future Bigster, the first compact SUV of the local carmaker’s range to be launched in 2025.
DIGI Group, through the operations of telecommunications company RCS & RDS S.A. and of all its entities operating in Romania, paid RON172 million in taxes and duties to the Romanian state budget in January-February 2022.
Entrepreneurs in Romania have received funds worth over RON1 billion, through the IMM INVEST and AGRO IMM INVEST programs, in the first month since the launch of the two programs, the country’s finance ministry said on Friday.
Romanian startup Salarium and Edenred have jointly developed a package of extra-salary benefits with a component of salary advance payment, company officials said in a statement.
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 increased to 4.39% a year on Friday (March 18, 2022), from 4.37% a year on Thursday (March 17), in line with central bank data.
Romania's seasonally adjusted unemployment rate reached 5.9% in the fourth quarter of 2021, higher by 0.6 percentage points as compared with the one recorded for the third quarter, data from the country's statistics board INS showed Friday.
The Bucharest Stock Exchange, the operator of the capital market in Romania, is summoning its shareholders on April 28, 2022 to approve the distribution of its 2021 net profit in the total amount of RON8.2 million, of which RON485,158 as legal reserve and RON7.72 million as dividends.19015 items