Discount retailer Penny Romania has received a EUR160 milion cash infusion from its parent company in Germany, which it will use to speed up development, ZF has found.
Dunca Expeditii, one of the largest freight carriers in Romania, ended last year with RON210 million revenue, an increase of about 9%, ZF has calculated, and expects the revenue to be flat this year.
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, dropped to 6.95% a year on Tuesday (March 7), in line with central bank data.
Almost 600,000 women are shareholders or partners in companies operating on the Romanian market, which is 11% more than in 2019 and 46% more than in 2013, in line with Trade Register data analyzed by KeysFin experts.
The stock of industrial and logistics spaces in Romania reached 6.45 million square meters at the end of 2022 and over 90% is located in capital Bucharest and the Ilfov, West, South – Muntenia, North – West and Center regions, according to the Romania Industrial & Logistics Market report drawn up by real estate consulting firm Cushman & Wakefield Echinox.
Siemens Energy and independent power producer Mass Global Energy Rom S.R.L. have signed an agreement, which will see the former supply the HL-class gas turbine for the Mintia combined-cycle power plant of the latter, which will have a capacity of 1,700 MW and replace the decommissioned coal-fired power plant on the site.
The profile of the female candidate on the labor market is characterized by caution, as women apply for jobs where the matching level is above 70%, compared to men who take risks more easily, as per data from online recruitment platform BestJobs.
The companies listed on the Bucharest Stock Exchange reported better-than-expected results for 2022, considering that nine in ten firms recorded significantly higher turnovers, compared to four in ten firms at end- 2021, while 70% reported significantly higher profits, versus 60% in 2021, as per an analysis by BVBescu platform based on financial reports.
Termene.ro, a platform providing information about companies’ financial and legal data, has appointed Ioana Constantin to the position of Chief Executive Officer (CEO).
Nuclearelectrica (SNN.RO), Romania’s only nuclear power producer, advances Cernavoda NPP Unit 1 Refurbishment Project by selecting Candu Energy Inc., a member of the SNC-Lavalin Group, to conduct further pre-project work for Cernavoda’s Unit 1 CANDU reactor, ahead of its life-extension to support Romania’s energy security and decarbonization goals.
Circular economy can reduce by almost one third the current global volume of resource and material consumption by extending the products’ lifespan and making sure they enter full life cycles, as per “The Circularity Gap” study conducted by the international agency Circle Economy in collaboration with Deloitte.
CreditAmanet, a provider of pawnbroking and money exchange services, this year banks on a 50% turnover increase on the segment of pre-owned electronics, as circular economy seems to be gaining momentum in Romania, in line with global trends.
Glovo, a leading player in the express delivery industry, saw its turnover rise by 45% last year in Romania, reaching an overall deal value of EUR430 million at end-2022, Iustinian Belghir, general manager of Glovo Romania, told ZF.
Polish group Amrest, which owns 55 Starbucks coffee shops and 10 Burger King restaurants in Romania, last year generated EUR2.5 million profit before taxes locally, over ten times higher than the 2021 level.
NN Investment Partners (NN IP), a mutual fund manager also present in Romania through the funds NN International Romanian Equity, NN International Romanian Bond, changed its name to Goldman Sachs Asset Management following the completion of its acquisition in spring 2022.
European investment advisory firm ACP is in talks to buy Telekom Romania Mobile, and the deal is up to the approval of the relevant authorities in Bucharest, financial market sources say.
The first phase of the EUR1 billion investment in the Mintia thermoelectric power plant will be completed in 24 months, while the entire project will be completed 12 months after that, the new owner of the plant, Mass Global Energy Rom announced in a meeting with Romania’s Prime Minister Nicolae Ciuca.
The Board of Directors of industrial material manufacturer Comelf Bistrita (CMF.RO) has summoned the Ordinary General Meeting of Shareholders for April 10 when it shall put a vote the distribution of a gross dividend of RON0.18 per share.
Edenred, the digital platform for services and payments, plans to recruit more than 700 tech specialists worldwide in 2023, including at its two main Digital Centers in Bucharest and Mexico City, as it aims to reach up to EUR5 billion in revenue by 2030.