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Stakeholders of Euroins Romania, the second largest third party vehicle insurance (RCA) insurer domestically, part of Bulgaria’s Eurohold group, approved a RON120 million capital increase, as well as a strategy to recruit top and middle management specialists, according to the company’s representatives.
Romanian company Retargeting Biz, specialized in providing automation solutions for digital marketing processes for electronic commerce, has invested over EUR3 million in developing a new version of its all-in-one automated marketing platform.
New car registrations in Romania grew by 6.9% in January-August 2021, to 78,791 units, placing the country 14th in the European Union, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed Thursday.
The volume of Romanian construction works decreased, as gross series, by 5.8%, in July 2021 compared to June 2021, and by 3.6% as adjusted series according to the number of working days and to seasonality, data from the country’s statistics board INS showed Thursday.
Norofert, the main listed Romanian producer of organic inputs, in the first half of this year generated turnover worth RON19.8 million, up 33%, and net profit of RON5 million, 17% higher than in the same period of 2020.
OK Medical, a network of Covid-19 sample collecting centres, in 2020 reached turnover of RON42.6 million, up from almost RON6 million in 2019, according to Finance Ministry data.
Virgil Harabagiu, owner of Perla Bucegi of Sinaia, who also holds 30 hectares of vineyard in Dealu Mare, plans to develop a touristic complex made up of villas, as well as a restaurant on the wine tourism niche in a bid to attract more tourists for wine tasting.
Axa Trans Construct is a builder owned by Virlan family, operating in the field of civil and industrial constructions as a general entrepreneur. The pandemic drove the company’s turnover to RON35 million last year, less than half against 2019, when it hit a record high.
IT, energy and health are the sectors stirring the highest interest among investors in Romania, with the same fields having been so far, during the pandemic, the drivers of the M&A market.
Romanian engineering and technology company Simtel Team (SMTL.RO), listed on the AeRO market of the Bucharest Stock Exchange, posted record high revenue of RON18.5 million in the first half of 2021, an increase of 30% on the year-ago period.
Financial brokerage firm Wood & Company Financial Services is supposedly working on the listing of online retailer Elefant on the Bucharest Stock Exchange, through an initial public offering (IPO) scheduled to take place in November 2021, per sources of Ziarul Financiar (ZF).
Shareholders of biodegradable packaging manufacturer Promateris (PPL.RO), formerly known as Prodplast, have approved the company split-up and the transfer of a part of the patrimony to the newly established firm Obor Development.
The Board of Directors of Rompetrol Well Services (PTR.RO), the oil services division of Rompetrol Group, summoned the company's shareholders on October 20 to discuss the proposition of the minority shareholder, KJK Balkan Holding, to revoke the company’s administrators and dismiss the company’s auditor Ernst & Young Assurance Services.
National grid company Transelectrica (TEL.RO) has submitted the application to the European Investment Bank (EIB) for the funding of its new Constanta Nord – Medgidia Sud 400 kV overhead power line from the Modernization Fund, the company announced.
Real estate consulting firm Crosspoint Real Estate has appointed Bogdan Gubandru to the position of Head of Investment.
Stay Fit, one of the largest players on the local fitness market, is opening a fitness center within Colosseum Mall, located in Bucharest, following an investment of over EUR650,000.
Shareholders of Romania’s largest natural gas producer Romgaz Medias (SNG.RO) re-elected Dan Dragos Dragan as Chairman of the company’s Executive Board, within their general meeting of September 9.
The balance of mortgage loans granted by lender Alpha Bank Romania exceeded RON6.29 billion (EUR1.28 billion) at the end of June 2021.
Shareholders of lender Patria Bank (PBK.RO) will discuss, at their next general meeting of October 18, increasing the lender’s share capital by maximum RON19.73 million, up to RON331 million, by converting a loan granted by the majority shareholder, EEAF Financial Services BV, in 2018, as well as through cash contribution.
Romanian-held operational process automation company DocProcess on Wednesday said it appointed Patrice Vidal to the position of Senior Vice-President Sales & Marketing for Western Europe.18957 items