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US-based Orion Innovation has entered into a definitive agreement to acquire Romanian software producer Tellence Technologies and will establish a research and development center in Bucharest, the company announced Monday.
Romania's finance ministry on Monday raised 951.4 million lei (EUR195 million), versus its RON600 million target, selling bonds maturing in September 2023 at an average yield of 1.99%, central bank data showed.
Mihnea Craciun has left the position of deputy director within the European Bank for Reconstruction and Development and takes over as managing director for the Romanian chapter of Endeavor, a global organization leading the high-impact entrepreneurship movement.
Romanian competition authorities on Monday approved state-owned hydropower producer Hidroelectrica's acquisition of Crucea Wind Farm SA and STEAG Energie Romania SRL from German energy group STEAG.
Office space transactions in Bucharest marked a recovery in the fourth quarter of 2020, reaching 77,000 square meters, data from real estate consulting company Cushman & Wakefield Echinox showed Monday.
Romania's government targets a budget gap of 7%-7.1% of the gross domestic product in 2021, prime minister Florin Citu said Monday, adding the budget bill would be published in the upcoming days.
Around 240,000 square meters of office spaces were transacted in Bucharest in 2020, a similar level to 2015, as most companies postponed decisions and 60% of the total were relocations, real estate consulting company CBRE said in a report Monday.
Parcel delivery company DPD Romania, one of the largest on the local market, ended 2020 with more than EUR50 million revenue an increase of 30% on the about EUR35 million of 2019.
International Investment Bank (IIB), founded in 1970 in Budapest and 6.8% owned by Romania, reported a net profit of EUR7.3 million in 2020, up 28% from EUR5.6 million in 2019, the bank said in a market report.
Metal roofing manufacturer Bilka Steel seeks to end the year with more than RON1 billion revenue, after having come close to that level in 2020, owner Horatiu Tepes says.
Romanian real estate developer Impact (IMP.RO) said Monday it has signed two mortgage loan agreements with lender First Bank, consisting of EUR5.92 million for properties and RON4.5 million for VAT financing.
Three entrepreneurial companies in the meat processing busines in Romania are testing investor interest in a potential deal, ZF sources say. The three are Meda Prod 98, Kosarom and Agra’s.
Romanian state-run oil transporter Conpet Ploiesti (COTE.RO) said Friday in a stock market announcement that it appointed Dorin Tudora to the position of provisional Chief Executive Officer, from Feb 5 until the completion of the recruitment and selection procedure for the new CEO, respectively, until June 4, 2021 (inclusive of).
The European Commission said Friday it has opened an in-depth investigation to assess whether Romanian support measures in favor of energy holding CE Oltenia are in line with EU rules on state aid to companies in difficulty.
Romania's finance ministry launches three new bond issues for the general population Monday, February 8, which can be subscribed by February 24.
Romania's telecom regulator ANCOM plans to hold a 5G license tender in the third quarter of 2021, after postponing it repeatedly since 2019.
Private equity firm Abris Capital, which owns four companies in Romania, chose a wait-and-see approach in Romania in 2020, which it saw as a time of protection and consolidation of position. However, it bets on growth in 2021.
Wizz Air, the largest airline in Romania by number of passengers, saw a 70% decline in the number of passengers carried to and from the country in 2020 to merely 3 million compared with more than 9 million in 2019.
Globalworth, the owner of Dacia’s biggest warehouse in the world, plans to expand the industrial site that contains it. Automobile Dacia, the largest company in Romania by revenue, will replicate the model of the Mioveni (Arges) site in a new town in the county, Oarja.
Real estate developer Impact (IMP.RO), owned by businessman Gheorghe Iaciu, said Thursday it has appointed Constantin (Tinu) Sebesanu to the position of development director.18948 items