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Chimcomplex (CHOB.RO) shareholders on November 9 approved the allocation of RON60 million in gross amount as interim dividends, the company notified the Bucharest Stock Exchange. The amount will be adjusted once the yearly financial statement has been approved.
Romcab Targu-Mures (MCAB.RO) on Wednesday notified the Bucharest Stock Exchange that Romania’s Financial Supervisory Authority (ASF) had approved the mandatory tender offer by Sadalbari SRL, which owns 69% in the fiber optical cable manufacturer.
Law firm Stratulat Albulescu is extending its Real Estate Practice with the appointment of Managing Associate Manuela Iurascu and Associate Irina Caragea.
The Bucharest Stock Exchange on Wednesday said the pre-emptive rights issued for the share capital increase carried out by Safetech Innovations (SAFE.RO) will start trading on Friday (November 12) under the ticker symbol SAFERO1.
New office project deliveries in capital Bucharest totaled 132,200 square meters between July and September 2021, the highest quarterly value ever recorded on the local market. In Jan-Sept 2021, the volume of new office spaces finalized stood at 178,200 sqm, per data from real estate consulting firm Cushman & Wakefield Echinox.
Romanians are inclined to tend to buy more online amid the restrictions and social behavior changes triggered by the COVID-19 pandemic, according to the Google “Smart Shopper” survey conducted in summer 2021.
Romania’s Competition Council has approved the transaction whereby life and health insurer Signal Iduna Asigurare Reasigurare SA is acquiring insurance companies Ergo Asigurari SA and Ergo Asigurari de Viata SA.
GreenWEEE International, market leader in the industry of electrical and electronic waste recycling, on Wednesday (Nov 10) announced plans for the third recycling plant.
The unemployment rate in capital Bucharest stood at 1.17% at end-September 2021, lower by 0.85 percentage points compared with 1.18% in August 2021, data from Bucharest’s employment agency showed Wednesday.
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, grew to 2.55% a year on Wednesday (November 10) from 2.48% a year on Tuesday (Nov 9), per central bank data.
Romania's annual inflation rate kept its upward trend in October 2021, climbing to 7.9%, higher than 6.3% in September 2021, data from the country's statistics board showed Wednesday.
Morphosis Capital, a private equity fund with EUR50 million subscribed in Romanian SMEs, announced it clinched the investment in Cronos Med, in the wake of which it will forge a partnership with Constantin Stan, founder of the medical aesthetics clinics, and Andreea Berecleanu, a minority stakeholder, with a view to expanding the business.
Photo and video equipment retailer F64 is actively seeking an investor that should grasp the importance of a niche player and help it grow at a faster pace, explained Marian Alecsiu, founder of F64.
Valentin Morar, founder and a stakeholder in Wallberg real estate developer, further banks on Timisoara and Brasov and wants to enter Bucharest’s housing market and also the logistic segment.
Constantin Dulute, one of the most powerful Romanian entrepreneurs, known for his agricultural businesses, who now owns Vinicola Averesti business, plans to operate 50% of wine sales abroad in the coming years.
Vlad Alexandru and Cristina Sucu, two entrepreneurs owning two play spaces in Bucharest under the name of Kiddo Smartplay, are set to open the third such space, under the name of Hype Arena by Kiddo.
Romanian software developer TARA Interactive seeks to double the number of employees by mid 2022 and plans to hire 30 people for its Bucharest and Chisinau offices, the company said in a release.
Electric and hybrid car registrations reached 20.5% of the total new cars in October, data from the Automotive Manufacturers and Importers Association (APIA) show.
Autonet Group Holding (AGH), part of Switzerland’s Swiss Automotive Group (SAG), has started construction works at its new robotized distribution center located in Moldovenesti, close to the town of Turda (Cluj County), within an investment of EUR30 million.18957 items