Romania's central bank has decided at its Board meeting on Tuesday (February 13, 2023) to keep its key interest rate unchanged at 7% a year, being the bank's ninth consecutive rate freeze.
Romania ended 2023 with a current account deficit of EUR22.69 billion, down 12% from EUR26 billion at the of 2022, central bank data showed on Tuesday (February 13, 2024).
Norofert (NRF.RO), one of the largest organic farm input producers in Romania, listed on the AeRO Market of the Bucharest Stock Exchange, is investing RON6 million in a laboratory for research and multiplication of microorganisms for use in agriculture.
International sanctions refer to a set of measures adopted at a global or regional level regarding restrictions and obligations applied to certain persons or entities, mainly for the purpose of maintaining international peace and security, preventing and fighting terrorism, the proliferation and financing of terrorism, respecting human rights and fundamental freedoms or the development and consolidation of democracy and the rule of law.
Visual Fan, owner of Allview brand, has boosted its stake in Intervision Trading, the distributor of AKAI brand in CEE, to 70%, after taking over another 9% of the company’s shares.
BVB group in 2023 posted consolidated operating revenues worth RON82.79 million, up 46%, an increase mainly generated by a significant event, H2O listing, with direct impact on the evolution of revenues both on the trading and post-trading segments.
OMV Petrom has for 2024 earmarked a budget of around EUR300 million for acquisitions, with the funds covering both deals signed in 2023 and set to be completed this year, as well as new takeovers, stated Alina Popa, OMV Petrom CFO.
Termoexpress, a carpentry producer of Cluj county, plans to earmark funds for car fleet expansion as most sales are directed abroad.
Romanian paint and coatings maker Köber of Neamt county is developing two major investment projects in parallel, in Hunedoara and Neamt counties.
Jidvei, one of Romania’s largest winemakers, controlled by entrepreneur Claudiu Necsulescu, ended 2023 with turnover worth above EUR50 million at group level and banks on a turnover increase of at least 10% in 2024.
Automotive wiring maker Leoni Wiring Systems Pitesti, part of German group Leoni, currently has 165 jobs available at the wiring plant of Bascov, Arges county.
The central-western part of capital city Bucharest, from the Orhideea area to Calea 13 Septembrie area, will be concentrating more than 900,000 square meters of office space until 2030, which is enough to accommodate one million corporate employees, thus becoming the most important office hub in Romania.
Romania's financial regulator ASF has authorized the members of the Board of Governors of the Bucharest Stock Exchange (BVB.RO, the operator of Romania's capital market, for a four-year mandate, effective February 13, 2024.