InterCapital Asset Management, Croatia’s largest independent asset manager with EUR500 million in assets under management, is listing the first foreign ETF (Exchange Traded Fund) on the Bucharest Stock Exchange, on May 29.
The J.W. Marriott hotel in Bucharest is investing EUR1.4 million in the new OLEA restaurant, with a menu based on the “Middleterrranean Cuisine”.
Romania has the highest proportion of early leavers from education or training among EU countries, of 16.6%, against a European average of 9.5%, being also the state with the lowest weight of young people aged 25-34 with a university degree, of just 23%, in line with Eurostat data for 2023.
Black Sea Oil & Gas SRL (BSOG), a company owned by investment fund Carlyle International Energy Partners and the EBRD, is launching BSOG Energy SRL in Romania, a company focused on biogas plant development.
Turism Felix, the hotel company managing five accommodation units in resort tourism compound Baile Felix, has for the first time since its foundation gone beyond the RON100 million threshold in terms of revenues.
Sphera Franchise Group, the company that manages KFC, Taco Bell and Pizza Hut restaurants locally, plans to open six units this year and go beyond the 170-unit threshold in the restaurant portfolio, says Bogdan Budes, financial officer.
Natural gas and electricity supplier and distributor Premier Energy (PE), 71% held by Czech investment fund Emma Holding, debuted on the Bucharest Stock Exchange on Tuesday, May 28, at a capitalization of RON2.64 billion, according to data aggregated by ZF from the Bucharest Stock Exchange.
Banca Transilvania (TLV.RO), the largest bank in Romania, announced on the Bucharest Stock Exchange on Tuesday evening that it had reached an agreement with France’s Société Générale to buy BRD Pensii.
TeraPlast Bistrita (TRP.RO), a company listed on the main segment of the Bucharest Stock Exchange and majority-owned by Dorel Goia, intends to conduct a capital increase to expand outside Romania through acquisitions and could complete two deals in 2024.
German-held retailer PENNY is opening the country's first fully autonomous store in the Politehnica area of Bucharest on Wednesday, where the shopping experience is entirely digital.
Technology company Cegeka Romania, the local subsidiary of the Belgian IT group by the same name, posted EUR60 million revenue in 2023, up almost 30% from the previous year, its representatives said in a news release.