Huawei, Ericsson and Nokia Networks, three of the largest global producers of equipment and services suppliers for the telecom industry, reported declining turnovers in Romania for 2023.
Fuel wholesaler JT Grup Oil, which owns the newest private oil product terminal in Constanta harbor, is readying to list on the AeRO market of the Bucharest Stock Exchange, eyeing the first two weeks of next month to this end, the company’s representatives told ZF.
Romanian fintech Instant Factoring IFN has signed a EUR1 million subordinated loan agreement with the European Investment Fund to expand lending to small enterprises in Romania.
The ten largest companies on Romania postal and courier services market together generated overall turnover worth RON5.6 billion in 2023, up 12% from the previous year, reveals a ZF analysis based on Finance Ministry and company data.
Telecom operator Digi Communications (DIGI.RO) announced its shareholders approved distribution of RON1.25 gross dividend per share in the meeting on June 25.
National grid company Transelectrica (TEL.RO) has secured EUR64 million non-repayable funding from the Modernization Fund, the company announced in a report to the Bucharest Stock Exchange on Tuesday.
Princeton Investments SRL, equally held by Vasile Adrian Viman (former Kaufland Romania CEO) and Claudiu Viman, according to termene.ro, reported overshooting the 5% stake mark in BRK Financial Group (BRK.RO) to the Bucharest Stock Exchange.
International law firm CMS has advised Alcedo SRL (Alcedo), a subsidiary of the Japanese conglomerate Sumitomo Group, on the acquisition of Naturevo, a Romanian distributor of agricultural materials.
Romania’s Grigore T. Popa University of Medicine and Pharmacy of Iasi (UMF Iasi) is borrowing EUR35.4 milion from the European Investment Bank (EIB) to refurbish and upgrade campus buildings.
Rompetrol Rafinare (RRC.RO), a member of the KMG International Group (Rompetrol), has retooled the hydrogen power plant (HPP) in the Petromidia refinery, following an about $10 million investment, the company said in a report to the Bucharest Stock Exchange.
German-held discount retailer Lidl, the leader of the modern retail in Romania by sales, almost RON22 billion in 2023, will have a new chief executive officer as of September, José Alberto Chueca Val.
Private lending in Romania rose in May 2024 by 5.7% from the year-earlier period, to RON393.5 billion, after local currency loans posted a 7.6% increase and foreign currency ones a 1.6% advance, in line with BNR data.
Fiber optic cable producer Romcab Targu Mures has announced Austrian group Meinhart Kabel Oestereich GmbH filed a bankruptcy request against the company with Mures Specialized Tribunal.
FF Ventures, an independent power producer of Spain, has arrived on Romania’s market, where it will develop, in the next three years, 500 MW of solar projects and 500 MW of energy storage ones.
Romania’s two car plants, Automobile Dacia and Ford Otosan, in the first five months of 2024 churned out 246,346 units, up 8% from the year-earlier period, in line with data provided by the country’s carmakers association ACAROM.