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Restart Energy, one of the largest independent energy and gas suppliers on the local market, has announced a EUR360,000 contract with Avastar to install a 570kWp solar generator.
Law firm Dentons has assisted Erste Group Bank, Raiffeisen Bank and Banca Comerciala Romana in concluding a RON750 million loan facility contract with Romanian energy supplier Electrica which will use the funds for the development strategy during the 2019-2023 period.
Romania's finance ministry on Monday raised RON573 million, higher by RON173 million than the targeted amount, selling bonds maturing in January 2028 at an average yield of 4.82%, central bank data showed.
Holde Agri Invest (HAI.RO), a Romanian company operating farmland, on Monday announced the acquisition of a stake in Enten Systems, a company that sells solutions and systems for providing data on agricultural production.
Romanian cybersecurity company SafeTech Innovations (SAFE.RO), listed on the AeRO market of the Bucharest Stock Exchange, ended the first nine months of 2021 with a turnover of RON13.1 million, up 53% from the year-earlier period, and a profit of RON2.2 million, up 153% on the year.
Law firm Filip & Company has assisted Sensiblu, the second largest pharmacy chain in Romania, in acquiring 23 Optifarm pharmacies.
CTP Romania, the largest developer and manager of industrial and logistics space, has appointed Sorina Florescu to the position of Head of Marketing, starting November 2021, from where she will coordinate the company’s marketing strategy.
Romanian state-run lender CEC Bank on Monday reported a preliminary net profit of RON332.4 million, up 21.2% from the year-earlier period.
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 2.45% a year on Monday (November 8) from 2.43% a year on Friday (Nov 5), per central bank data.
OTP Bank Romania, the domestic subsidiary of Hungary’s biggest banking group, registered consolidated profit after tax worth RON14 million in the first nine months of 2021, down 65% from the year-earlier level, amid 23% higher operating expenditures.
Turism Covasna (TUAA.RO), a company managing Covasna, Cerbul and Caprioara hotels of Covasna, ended the third quarter of 2021 with turnover worth RON11.54 million, up 92.2% from the year-earlier period.
2021 has been the best year so far in the two-decade history of flower shop chain Magnolia as Romanians continued to send flowers to loved ones as a way to connect during the pandemic, explained Gabriel Molnar, Magnolia founder.
Travel agency Happy Tour, one of the biggest players on the market, in the first nine months of this year registered EUR12 million turnover, matching the entire 2020 level and expects to reach the EUR15-16 million threshold by yearend.
Italy’s group Erilon, a provider of state-of-the-art farm solutions, wants to enter the Romanian market, as well as neighboring countries, such as Hungary, Serbia or Poland.
Belgium’s bakery group La Lorraine has invested over EUR70 million in the first two phases of the new plant in Campia Turzii and is set to invest another EUR60-70 million in the next phase.
Fashion Days, Romania’s biggest online fashion retailer, owned by eMAG group, in 2021 banks on RON650 million revenues on the domestic market, up around 20-25% higher than in 2020, as e-commerce continued to boom on the apparel, footwear and fashion accessories segment amid the pandemic.
Furniture and home decor retail chain Homelux has opened a new store in Ploiesti, in the Mercur Shopping Center, on Friday.
Sensiblu, the second largest pharmacy chain in Romania, has secured the approval of the Competition Council to take over 23 Optifarm pharmacies.
Nuclear power producer Nuclearelectrica (SNN.RO) on Friday notified the Bucharest Stock Exchange that at the United Nations Conference on Climate Change (COP26), U.S. Secretary of Energy Jennifer M. Granholm and Romania’s Minister of Energy, Virgil Popescu, announced NuScale Power and Nuclearelectrica signed an agreement to implement the NuScale’s innovative small modular reactor technology.
emz, a producer of electrical home appliances and environmental technology headquartered in Nabburg, Bavaria, is poised to set up an around 3,000-sqm production unit in Resita industrial park.18957 items