Found 19015 news
The ten most active brokers on the Bucharest Stock Exchange in 2021 brokered transactions worth RON40.3 billion or a little over 93% of the total.
Visual Fan (ALW.RO), owner of the Allview brand, has received favorable approval from Romania’s Competition Council to become majority associate, with an ownership stake of 51%, in the company Intervision Trading RO SRL, the sole distributor in Central and Eastern Europe (CEE) of products under Japanese electronics brand AKAI.
Dentons, the world’s largest law firm, assisted a consortium of banks—Erste Group Bank, Raiffeisen Bank International, Raiffeisen Bank Romania and Banca Comerciala Romana— in financing the acquisition by Supernova Group of six prime shopping centers operating under Cora brand name from the Louis Delhaize Group.
Real estate developer Euro Vial Residence has acquired a plot of land of 2,500 square meters located in the seaside resort of Mamaia Nord, in a transaction worth over EUR1.5 million, the company said in a statement.
The 15-year EUR90 million loan granted by the European Investment Bank (EIB) to Distribuie Energie Electrica Romania S.A. (DEER), the electricity distribution subsidiary of the Electrica Group, represents the second part of EUR210 million EIB backing for EUR300 million of new ambitious energy infrastructure investment by Electrica Group.
New vehicle registrations in Romania fell by 4.1% in 2021 compared to 2020, but electric vehicles soared by 109.1% reaching a 15.5% market share, data from the Automotive Manufacturers and Importers Association (APIA) showed Thursday.
Egger Romania, part of the Austrian supplier of wood-based material for furniture industry and interior decorations, construction and flooring Egger, in 2021 earmarked over EUR16 million for investments meant to improve technological processes at the plant of Radauti, Suceava county.
Retail turnover, the most important private consumption indicator, in the first 10 months of 2021 rose in gross series by 11.1% against the year-earlier period, with this being the second best performance after 2008, after the 13.5% increase of 2006.
Mihai Nica, co-founder of Tehmag, a company that sells industrial machines, says he plans to start production of Bielda industrial machines in Romania in 2023.
Romanian-held pharmaceutical products manufacturer Biofarm, the fifth largest player on this market by turnover, plans to add internally-developed products to its portfolio, especially as the company in 2021 opened a new production unit in Bucharest.
Laura Teposu, CEO of Libris, a major player on Romania’s book market, says it’s very hard at this moment to budget for a construction amid soaring raw material prices. Her statement comes as Libris wants to build a new 5,000-sqm book warehouse, similar with the existing one.
Raul Ciurtin, founder of Prefera Foods, a major player on Romania’s canned food market, plans to bolster the value of exports, now weighing 4% in turnover, to 30% of total revenues.
ABN Systems International, an entrepreneurial company that distributes IT&C products and accessories and owns the Tellur brand, has raised RON5.5 million from investors through an IPO, the first on the AeRO market, which started on December 15, 2021 and closed on January 4, 2022.
The year 2022 will bring only 138,000 square meters of office space to Bucharest’s office space market, almost half the volumes of 2021, as developers slowed down due to the pandemic.
France’s multinational, multifaceted, marketing and communications giant Publicis Group has acquired Bucharest-based Tremend, one of the largest independent software engineering companies in the region of Central and Eastern Europe.
One United Properties (ONE.RO), a real estate developer of premium residential projects in Romania, benefits from the Issuer Market Maker (IMM) services provided by Raiffeisen Centrobank starting January 3, 2022.
Real estate developer Hagag Development Europe established the company Hagag Privighetorilor 35 at end-2021, per data released on Friday (Dec 31, 2021), and is looking at buying a plot of land of over 18,000 square meters in northern Bucharest.
China-held Oppo, one of the world’s biggest players on the smartphone market, which officially entered Romania in mid-2020, at the end of 2021 saw its sales triple against the first month of the same year.
Romanian National Air Transport Company Tarom last year generated revenues worth RON958 million, up almost 170% against 2020, in line with the adjusted revenues and expenditures budgeted published in the Official Gazette in December 31, 2021.
Aqua Aurum Distribution, the company managing mineral water brand Aur’a Mineral Water, in 2021 posted turnover worth above RON1 million, down 6% on the year.19015 items