Entek Elektrik Üretimi A.Ş. (Entek), a company based in Türkiye and primarily engaged in the green energy sector, has acquired Romanian companies Eco Sun Niculesti S.R.L and Euromec-Ciocanari S.R.L from Israel's Econergy Group, for EUR32.9 million.
Electricity and electrical equipment producer Electromagnetica (ELMA.RO) has announced in a stock market report on August 8 that, during an outcry auction held on August 7, it was awarded the asset consisting of 11 small power hydroelectric plants located in the hydrographic basin of River Suceava.
Poultry Investment, the company that owns the Puiul de Craiesti (Craiesti Chicken) brand, is launching a new range of premium chicken products from animals raised without antibiotics.
Bergenbier S.A., part of Molson Coors Beverage Company group, one of the leading brewers in Romania, ended 2023 with a turnover of RON907 million, up nearly 14% from 2022.
Romania's Finance Ministry has raised RON1.08 billion from banks on Thursday (August 8), selling benchmark bonds, which is double the planned amount of RON500 million, at an annual average yield of 6.54%.
The European Central Bank (ECB) and the National Bank of Romania (NBR) have agreed to renew a framework arrangement to provide euro liquidity to the latter via a repo line.
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, decreased to 5.59% a year on Thursday (August 8), from 5.80% a year on August 7.
The Bucharest Stock Exchange, the operator of the local capital market and a majority stakeholder in the Central Counterparty (CCP) and the Central Depository, in the first six months of 2024 generated RON8.44 million net profit at group level, 152% more than in the year-earlier period, while operating revenues rose by 51%, to RON38.7 million.
The volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the biggest increase in the CEE region.
The Financial Supervisory Authority has approved the prospectus of real estate developer One United Properties via which the company wants to raise EUR70 million from investors, by issuing 1,750,000,000 new shares, to fund the next business growth stage.
Telekom Romania Mobile, a mobile telephone company owned by Greece’s OTE group and Germany’s Deutsche Telekom, registered new revenue and client base declines and switched from profit to losses in the second quarter of 2024.
Honor Technologies Romania SRL, the entity held locally by Honor, a Chinese producer of smartphones, tablets and other gadgets, for 2023 reported a 249% turnover increase, to RON259.2 million.
Tech company Cegeka Romania, the local subsidiary of Belgian IT group of the same name, plans to expand its footprint and product portfolio locally in the next three years, Ovidiu Pinghioiu, country director, Cegeka Romania, told ZF.
Freight carrier Sorcani, a company controlled by entrepreneur Mircea Barbu and founded in 1993, ended the first half of 2024 with 20% higher turnover than in the year-earlier period.
Bucharest’s short-term rental market had a booming post-pandemic evolution considering that in 2023 alone, the industry generated revenues of EUR41.3 million, nearly double compared to 2019 and 46% higher than in 2022, as per the latest edition of Crosspoint Real Estate's Romania Hotel Market report.
Romanian MixRift, a mixed reality (MR) gaming start-up, has attracted an investment of $1.6 million via a pre-seed founding round ended in just seven weeks.
Building materials producer TeraPlast Bistrita (stock symbol:TRP) has announced in a stock market report that on August 7 Romania's Financial Supervisory Authority (ASF) approved the prospectus regarding the issuance of new, ordinary, nominative shares in the context of the company's share capital increase.
Romania's central bank has decided at its Board meeting on Wednesday (August 7) to lower its benchmark interest rate to 6.50% a year from 6.75% a year, starting August 8.