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Mihai Voicu, General Manager of BERGENBIER SA, part of the Molson Coors group, was elected President of the Romanian Brewers Association, effective January 1, 2022.
At least 90% of the net profits registered in 2021 by state-owned companies in Romania will be distributed under the form of dividends to shareholders under a provision included in an emergency ordinance amending the ‘cap and subsidy’ scheme aimed at supporting energy consumers.
Romania's finance ministry on Thursday raised RON909 million selling bonds maturing in 2029 and 2024, at annual average yields of 5.19% and 4.66%, respectively.
Law firm NNDKP has assisted Swedish-held private medical service provider Medicover Romania, one of the third largest private medical service providers in the country, in the transaction whereby the company acquired the Polaris Medical Hospital in Cluj-Napoca from the Socea Family.
The number of electric vehicle (EV) registrations in Romania soared by 118% in 2021 to a total 6.831 units and December was the best month with 2.099 new registrations, in line with an analysis by LEKTRI.CO, one of the leading players in the field of electric mobility in Romania.
Over 80% of beauty salons and licensed stylists expect revenue will grow in the first quarter of 2022 versus the same period in 2021, considering that over half of beauty salons (61.6%) reported revenue growth in 2021, per a survey by Stailer, an online booking platform for beauty salons.
Insulation materials producer Knauf Insulation, part of Germany’s Knauf Group, has acquired the Gecsat mineral glasswool factory in Tarnaveni (Mures County).
Rottaprint, the main flexographic printing company producing self-adhesive labels and flexible packaging in Romania, targets investments of almost EUR1 million in 2022 to enhance the quality of products and work conditions and to digitize operations, according to Cristi Nechita-Rotta, CEO of Rottaprint.
The European Commission (EC) on Wednesday said it has approved Romania’s plan to grant up to EUR2.66 billion in restructuring aid to energy company Complexul Energetic Oltenia (CE Oltenia).
ING Bank Romania has granted the second loan facility of RON10 million (EUR2 million) to the company Agrinvest Credit IFN specialized in financing the Romanian agricultural sector.
Private equity fund Sarmis Capital, established two years ago by several Romanian executives, has announced its second transaction on the local market by acquiring the majority stake in Smart ID Dynamics, a provider of software and hardware solutions, with a turnover above RON85 million in 2021.
Modern food retailers in Romania target some 600 new store openings and relocations in 2022, which means the universe of local hypermarkets, supermarkets, modern convenience stores, discount and cash & carry stores will be nearing 4,500 units, in line with calculations by Ziarul Financiar daily.
Pharmacy chain Professional Farma Line, held by Razvan Munteanu and Horia Bunget, opened two more pharmacies in Prahova County in early 2022, reaching a 25-unit network.
Romanian startup Humans.ai enters the UAE (United Arab Emirates) market following a partnership with Deca4, a blockchain consultancy studio based in Dubai.
Roca Industry, through Holdingrock1, a holding company that brings together the companies BICO Industries and SARCOM, building materials manufacturers belonging to ROCA Investments platform, debuts on the Bucharest Stock Exchange on January 27 under the ticker symbol ROC1.
Capital city of Bucharest registered 14,004 jobless people (of whom 7,436 women) at the end of December 2021, taking the unemployment rate to 1.14%, data from the Bucharest Municipal Employment Agency showed Wednesday.
Central European private equity investor Abris Capital Partners on Wednesday said it signed an agreement to acquire Romanian dental consumables and equipment distributor Dentstore.
Ana Birchall, former social democrat justice minister back in 2019, was appointed Special Envoy for Strategic and International Affairs at Romania's nuclear power producer Nuclearelectrica (SNN.RO).
Sadalbari SRL, the majority shareholder of Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO), has increased its ownership stake in Romcab following two acquisitions of stocks worth almost RON51,400 (EUR10,000), in line with calculations by Ziarul Financiar (ZF) daily based on data from a document released on the stock market.
AmCham on Wednesday welcomed Romania’s success of being one of the six candidate countries with which the Organization for Economic Co-operation and Development (OECD) has decided to open accession discussions.20085 items