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Sipex, a wholesaler of materials and finishes for constructions, plans to raise RON32 million through a private placement aimed at funding the company’s development projects.
Romania's central bank on Wednesday (February 9) raised its benchmark interest rate by 0.5 percentage points to 2.5% a year from the current rate of 2% a year, starting February 10, 2022.
Asseco SEE (ASEE), the largest IT company in Eastern Europe, part of the Polish IT group ASSECO, has acquired a 60% stake in BS Telecom Solutions (BSTS), a telecommunications systems provider and integrator in Bosnia and Herzegovina, according to a statement issued by representatives of the company.
The Bucharest Stock Exchange on Wednesday said the shares of ABN Systems International will start trading on Monday (February 14) after the successful completion of the first Initial Public Offering (IPO) held on the AeRO market, the equity segment of the Multilateral Trading System.
PayPoint Romania, operator of cash payments and electronic recharging services, on Wednesday announced the acquisition of the 24pay application, the digital payment solution for public transport with the largest expansion nationwide, owned by PTP Online.
Romania’s software and services industry contributes approximately 6.2% to the country’s gross domestic product (GDP), which amounts to almost EUR13.6 billion. as per a survey by the company Roland Berger for the Romanian Employers Association in the Software Industry (ANIS).
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 3.29% a year on Wednesday (Feb 9) versus 3.22% a year on Tuesday (Feb 8), central bank data showed Wednesday.
Energy company OMV Petrom has an investment budget of nearly RON4 billion for 2022, significantly higher than RON2.8 billion in 2021.
Romanian-held cryptocurrency investment and digital asset management company Tradesilvania has recruited Mihaela Dragoiu, a former director with Romania’s National Office for Prevention and Control of Money Laundering, to supervise its regulation and legal compliance department.
Romania's trade balance posted a record deficit of EUR23.69 billion in 2021, higher by EUR5.3 billion compared with 2020, data from the country's statistics board INS showed Wednesday.
Sortilemn (based in Gherla), one of the most important local suppliers of Sweden’s IKEA group, controlled by Austrian Michael Brandhuber, has budgeted about EUR43 million revenue for this year, up 15% on last year, the company said.
Caretta, a manufacturer of metal tile roofing, metal fencing systems and industrial hall elements, wants to open new showrooms in 2022, despite fears of further increases in raw material prices.
Airline Blue Air on Tuesday said it would resume seasonal regular flights from Cluj-Napoca to Constanta starting June 20, 2022.
Real estate developer One United Properties (ONE.RO) on Tuesday (Feb 8) completed the acquisition of a majority stake in the company Bucur Obor, the owner of shopping center Bucur Obor.
KooKoo Grocery, an online store engrossed in fast delivery from its own warehouses, in one or two hours, in Bucharest and Ilfov County, has raised EUR500,000 in a pre-seed funding round from Blueberry Muffin and an operating leasing of EUR250,000 from Autonom Inchiriere Echipament, as per a statement from company officials.
Local educational software producer Ascendia (ASC.RO) switched to a net profit of RON2.2 million in 2021, compared to a loss of RON751,186 in 2020.
Lofty Pets, a pet grooming business founded by Andreea Darbouli and Elena Negrila in 2015, reported a turnover of EUR200,000 at end-2021, up nearly 35% on the year, and for 2022, it eyes a turnover of almost EUR300,000, company officials said in a statement.
Companies operating in the fast-moving consumer goods (FMCG) industry have set revenue growth as their main objective in 2022 compared to 2021, as a result of the decisions adopted in 2021 which are now paying off, according to Deloitte 2022 Consumer Products Industry Outlook.
Large companies in Romania risk losing valuable employees unless they start to increase investments in employee retention and skills development, while resource management, digitalization and efficiency will become increasingly important in the new context generated by the pandemic, in line with a survey by K.M.Trust & Partners.
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 3.22% a year on Tuesday (Feb 8) versus 3.19% a year on Monday (Feb 7), central bank data showed Tuesday.20681 items