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Enel X Romania, part of Enel X, the advanced energy services division of Italy’s Enel Group, said in a statement that it put into operation two photovoltaic power plants, with a total installed capacity of over 900 kWp, for two stores of cash & carry chain Selgros, located in the counties of Mures and Timis.
Carbochim Cluj-Napoca (CBC.RO), the largest manufacturer of professional abrasives in Romania, indirectly controlled by Iulius Group owner Iulian Dascalu, announces investments of more than EUR5 million in relocating and upgrading its plant, with a focus on expanding industrial activity.
Entrepreneur Horatiu Tepes, the owner of Brasov-based roofing systems maker Bilka, said the company’s RON245 million profit reported in 2021 will go into new investments.
Companies based in capital Bucharest exported goods worth EUR12.5 billion in January-November 2021 period, accounting for 18.3% of Romania’s exports in the first eleven months of 2021, higher by 25.6% than in the same period of 2020, a median superior to the increase in the Romanian expert during the respective period (19.4%), as per an analysis by the Bucharest Chamber of Commerce and Industry.
The personal car remains the most used daily travel mode for 40% of Romanians, and 63% believe it will remain the preferred mobility choice in the coming years, according to “Deloitte 2022 Global Automotive Consumer Study” conducted across 25 countries around the world, including Romania.
More than 27,000 homes are currently under construction in capital Bucharest and its surroundings, being the largest number of housing units under construction in the region in the modern history of the local residential market, as per the “Romania Residential Market Genome 2022” report released by real estate consulting firm SVN Romania.
Romanian blockchain and artificial intelligence start-up Humans.ai has announced its listing on Liquid, the number one crypto-currency exchange in Japan, thus continuing its expansion on the East Asian market.
Business process outsourcing company CGS Romania Solutions has grown from 3,500 to 4,500 employees during the pandemic.
International rating agency Standard&Poor’s (S&P) has affirmed Romania's sovereign rating at BBB-, in line with the other two major rating agencies and just above the investment grade lower border.
After years of Mamaia and Navodari resorts being on the investors' list, with more than 50,000 apartments and hotel rooms built in recent years, now the focus of developers tends to shift to the southern seaside resorts - Neptun, Jupiter, Venus, Saturn and Olimp.
Romania’s Competition Council has approved a transaction whereby integrated mobility services provider Autonom Services is acquiring Tiriac Operating Lease (Premium Leasing SRL), in line with a stock market statement.
Freshful, an online hypermarket recently added to eMAG’s e-commerce platform group, has exceeded the threshold of 30.000 unique customers in the first six months of operations.
Romania’s new offshore law has been submitted to the Parliament on Friday, Energy Minister Virgil Popescu said.
Antibiotice (ATB), one of the most important Romanian generic drug producers, celebrates 25 years since its listing on the Bucharest Stock Exchange (BVB). The company’s shares have been trading on the Stock Exchange since April 16, 1997, under the ticker symbol ATB, in the Premium category.
Lender OTP Bank Romania is launching a new funding solution for the local agribusiness sector, named “Ceiling for financing agricultural crops.”
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.19464 items