tbi bank has partnered with Inter Broker de Asigurare to allow Romanians to buy insurance products of any kind through the Buy Now, Pay Later (BNPL) solution.
SomProduct, a local home furniture and decoration retailer, is opening a showroom within the ISHO project in the western city of Timisoara, where he leased a space of 1,100 square meters.
Porsche Finance Group, one of the leading providers of financing, insurance, maintenance and car mobility solutions in Romania, has announced the appointment of Helian Redai to the position of Chief Executive Officer (CEO).
Romanian state-run aircraft repair and maintenance company IAR Brasov (IARV.RO) has proposed the distribution of dividends in the amount of RON5.3 million from the 2022 net profit worth RON14.2 million, as per a stock market report signed by Ruxandra-Rodica Anghel, Chairwoman of the Board of Directors.
The European Bank for Reconstruction and Development (EBRD) and the Center for International Private Enterprise (CIPE) have launched a joint corporate governance training initiative aimed at promoting female participation on boards.
76% of young Romanians agree with stricter government measures aimed at imposing a change in people’s behavior to tackle climate change, .
Nuclear power producer Nuclearelectrica (SNN.RO) and the Emirates Nuclear Energy Corporation (ENEC) have signed a Memorandum of Understanding (MoU) for bilateral cooperation within the nuclear energy sector to support the growth of this energy source in tackling the dual challenges of energy security and climate change.
Software development hub Coface Technologies plans to grow its team of IT specialists to 200 members over the next four years.
Alaska Energies, a company active on the renewable energy market founded in the Czech Republic, has leased more than 8,000 square meters of logistic spaces in VGP Park Bucuresti Nord to the end of expanding its local operations, warehousing and distribution of renewable energy.
SomProduct, a local furniture and home décor retailer, is opening a showroom in ISHO project of Timisoara, developed by Mulbery Development, where it leased 1,100 square meters.
Romania ranks 14th in the EU by the number of new passenger cars registered in January-February 2023, with 24,715 units, up 37.7% from the year-ago period.
Transilvania Investments Alliance, the former SIF Transilvania, proposes the distribution of a RON0.0140 dividend per share, representing a 4.9% return against the 2022 average trading price.
Bucharest’s four-star hotel Capital Plaza, controlled by Romanian entrepreneurs, in 2022 generated EUR2.5 million turnover and expects 12% growth in 2023, according to its officials.
Paul Balsan, general manager of the charcuterie unit of Scandia Food group, says 2023 investments target the maintenance, logistics and IT infrastructure areas. Their overall value will top half a million euros.
Aquila, leader of the local consumer goods distribution market by turnover, is in advanced talks with two firms, with growth via acquisitions being one of the company’s strategies.
Brazil’s IT services provider Stefanini IT Solutions is in talks to acquire another startup in Romania after having taken over a cybersecurity company and a digital marketing agency locally.
Pharmaceutical producer Biofarm (BIO.RO) has called shareholders for April 26, 2023 to approve distribution of the 2022 net profit and of the RON0.03 per share gross dividend, reports to the Bucharest Stock Exchange show.
Natural gas producer and supplier Romgaz (SNG.RO) on Monday notified the Bucharest Stock Exchange that its Board of Directors had appointed Dan Dragos Dragan its chairman for four years, thus extending his term in office. The seven members of the Board had been elected in the General Meeting of the Shareholders on March 14, 2023.
Romania's finance ministry raised RON1.2 billion on Monday (March 20, 2023) through two government bond issues, at annual average yields of 7.32% and 6.86%, respectively.
OMV Petrom (SNP.RO), the largest company in Romania, has budgeted RON40 billion revenue from sales in 2022, compared with RON55 billion in 2022 and the net profit should reach RON3.9 billion compared with the all-time high of RON10 billion of 2022.