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Shareholders of regional investment fund SIF Transilvania (SIF3.RO) decided on Friday (Jan 28, 2022) to change the company’s name to Transilvania Investments Alliance, in line with a stock market report.
Romania ranks among the last European Union Member States regarding the minimum wage in January 2022, data from Eurostat, the statistical office of the European Union, showed on Friday.
Romania's general consolidated budget posted a deficit of almost RON80 billion in 2021, or 6.72% of the gross domestic product (GDP), versus 7.1% as projected at the last budget revision in 2021, finance ministry data showed Friday (January 28).
Filbo, a fintech platform for small entrepreneurs, held by the company OMRO, has attracted RON10 million from investors through a bond issue brokered by Goldring.
Law firm RTPR has assisted private equity fund SARMIS Capital in relation to the acquisition of a majority stake in Smart ID Dynamics, a provider of software and hardware solutions, with a turnover above RON85 million in 2021.
Brick Romania, a local DIY and home improvement retailer based in Constanta, wants to expand across Romania, including in capital Bucharest.
A report released Friday (Jan 28) by the Organization for Economic Co-operation and Development (OECD) shows that, according to OECD predictions, Romania’s economy grew by 6.3% in 2021 and is expected to grow by 4.5% in 2022 and 2023.
Norofert (NRF), Romania’s leading producer of organic inputs, said in a stock market report on Friday that the company’s Board of Directors decided the appointment of Mircea Fulga to the position of Chief Operations Officer (COO).
Alta Seeds, a brand of Advanta Seeds, part of Indian group UPL, producing genetics for sunflower, sorghum or rapeseed in Romania and providing integrated services, has reached a 6% market share in Romania after a 3-year presence.
Store network Fly Music, set up in 2006 by entrepreneur family Florin and Liliana Fodor, will grow abroad as well through online stores, after the first step has already been taken in Hungary.
Philips Orastie, part of Dutch giant Philips, at present has 100 jobs available for unskilled workers at the home appliances plant of Hunedoara, where the company produces coffee machines and oral hygiene products.
Cluj-Napoca-based ceramic tile producer Sanex, owned by Austria’s Lasselsberger, plans to invest around EUR2 million in 2022.
Businessman Omer Susli, owner of home décor retail chain Homelux, bought Vitantis Shopping Center from investment fund Revetas Capital Advisors.
Altex, leader of Romania’s electro-IT market, a business controlled by businessman Dan Ostahie, is readying to take its first steps outside Romania.
The Bucharest Stock Exchange on Thursday said the bonds issued by online retailer Elefant Online, worth almost RON17.5 million, would start trading on the Multilateral Trading System, under the ticker symbol ELF26, on February 1, 2022.
Cefin Trucks, sole importer and distributor of Ford Trucks in Romania, ended 2021 with a turnover of over EUR88 million and an average division growth of 30% against the previous year.
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.20681 items