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A 1.7% stake in investment fund Evergent Investments was traded Thursday on the Bucharest Stock Exchange for RON14.14 million.
The potential of renewable energy on the local market can become the engine of the decarbonization of the Romanian energy sector as long as public initiatives synchronize with business intentions, EY Romania said in a report Thursday.
Romania's foreign exchange reserves grew to EUR35.709 billion at the end of March from EUR35.139 billion at the end of February, central bank data showed Thursday.
Chemical producer Chimcomplex Borzesti (CHOB.RO), which owns the Oltchim and Borzesti platforms, on Thursday reported a net profit of RON95 million for 2020.
Romania's nuclear power producer Nuclearelectrica (SNN.RO) said Thursday in a stock market report that it had signed a contract worth RON383 million to provide electricity to Engie Romania between April 1 and 30, 2021.
Ziv Gigi will be running the operations of GTC (Global Trade Center) on the Romanian market. Gigi will be replacing the company’s Chief Executive Officer Bogdan Jigman.
NN Pensii, the largest private pension fund in Romania, joined the shareholding structure of nuclear power producer Nuclearelectrica (SNN.RO) in December 2020, one of the largest companies held by the Romanian State, by acquiring the bulk of the stake put up for sale by property restitution fund Fondul Proprietatea.
Enel Green Power Romania signed an agreement to develop a renewable energy project of more than 1,000 MW with Monsson Alma early in 2021, the representatives of the Monsson group say.
This year will be more difficult than the first year of the pandemic, whose impact will be stronger in 2021, believes Daniel Gross, the chief executive officer of German-held discount store chain Penny in Romania.
With a harvest of 10.8 milion tons of corn in 2020, Romania lost the top spot among producers in the EU, after having held it in 2018 and 2019 with 17 million to 18 million ton production, National Statistics Institute data show. France therefore became the leader by corn production in the EU again, with a 13.3 million ton harvest.
Baneasa Developments, which operates Baneasa Shopping City in northern Bucharest, reported a 31% drop in turnover and its profit halved in 2020, a tough year for retail as malls were closed during a two-month lockdown.
Romanian state-owned natural gas producer Romgaz has submitted a binding bid to acquire Exxon's 50% stake in the Neptun Deep gas exploration and drilling project in the Black Sea, the company said in a stock market report Wednesday.
Coca-Cola HBC Romania, the leader of the local soft drink market, has bought 50% of online business-to-business platform Stockday, developed and owned by Heineken Romania.
Romania's finance ministry launches three new bond issues for the general population Thursday, April 1, which can be subscribed by April 26.
Online retailer and manufacturer of mobile phones and gadgets iHUNT (HUNT.RO) is listing on Thursday, April 1, its second corporate bond issue on the Bucharest Stock Exchange under the ticker symbol HUNT25.
The World Bank expects Romania's economy to grow 4.3% in 2021 and 4.1% in 2022, after contracting 3.9% 2020, while the inflation is expected to grow to 3%, compared with 2.6% in 2020, per a report on Europe and Central Asia released Wednesday.
Japan Tobacco International (JTI), one of the largest cigarette manufacturers in Romania, will invest EUR60 million in modernizing the production capacities of its factory in Romania.
Romanian state-owned hydropower producer Hidroelectrica has contracted a 7-year loan amounting to RON1.25 billion from lender BRD to invest in green energy projects.
Audit and consulting firm PwC Romania on Wednesday said Dinu Bumbacea would run its local operations starting July 1, 2021.
Romania registered 40 mergers and acquisitions (M&A) transactions in 2020, 27% fewer on the year, and transactions with disclosed values amounted to EUR1.7 billion, more than double compared to 2019.18948 items