Romania Feed
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ZF English - 06:03 Jul 11, 2023
Car parts maker Hella Romania, the local subsidiary of German concern Hella, for 2022 reported turnover of RON4.077 billion (EUR826.8 million), up around 15% on the previous year, in line with ZF calculations based on Finance Ministry data. -
ZF English - 05:50 Jul 11, 2023
Dental clinic chain Dr. Ardeleanu, launched on the market in 2018, has opened a new unit in Bucharest, in housing compound Cotroceni One, now owning four clinics. -
ZF English - 05:43 Jul 11, 2023
Orange, leader of Romania’s telecom market, part of the French group of the same name, will invest EUR200 million on the local market this year. -
ZF English - 05:37 Jul 11, 2023
The market share of electric cars reached almost 10% in the first half of this year and topped 12% in June, in line with calculations by the Automotive Manufacturers and Importers Association (APIA) based on registration data. -
ZF English - 18:53 Jul 10, 2023
Corrugated cardboard manufacturer Vrancart Adjud (VNC), a company in which the Paval brothers, the founders of DIY retailer Dedeman, have a 17% stake, announced on the Bucharest Stock Exchange that the Financial Supervisory Authority (ASF) had approved the simplified prospectus for the share capital increase, with Goldring acting as intermediary for the offer. -
ZF English - 17:43 Jul 10, 2023
Cargill Agricultura, one of the largest grain traders in Romania, ended 2022 with RON5.59 billion revenue, a 35% increase on the previous year, Finance Ministry data show. The company's profit increased six-fold to almost RON200 million compared with 2021. -
ZF English - 16:56 Jul 10, 2023
Romania's Finance Ministry raised RON583.5 million from banks on Monday, July 10, selling government paper maturing in October 2033, at an annual average yield of 6.87%. The bond issue has a nominal value of RON500 million. -
ZF English - 16:01 Jul 10, 2023
A cross-border team from law firm Dentons assisted electricity producer Hidroelectrica during its EUR1.9 billion initial public offering, followed by the listing in the Bucharest Stock Exchange, which resulted in a EUR9.4 billion capitalization. -
ZF English - 13:54 Jul 10, 2023
A team of lawyers of Schoenherr si Asociatii assisted Dutch-held AkzoNobel in the sale of its extruded polystyrene (XPS) operations in Romania to Austria’s Hirsch Porozell. -
ZF English - 12:17 Jul 10, 2023
OMV Petrom’s (SNP.RO) total hydrocarbon production shrank by 5.3% from 120,100 barrel of oil equivalent per day to 113,700 in the second quarter of 2023 compared with the year ago period, following a decline in both oil and natural gas production. -
ZF English - 08:01 Jul 10, 2023
Romanians are dissatisfied with their current salary amid inflation and have become more active in seeking new jobs. The number of applications has gone up by 23% against 2022. Retail companies have attracted the highest number of applications. -
ZF English - 07:48 Jul 10, 2023
Romania’s trade gap in January-May 2023 shrank by 13.4% from the year-earlier period, to EUR11.05 billion, after exports rose by 7.5% and imports went up by 2.1%, in line with the country’s statistics board INS. -
ZF English - 07:33 Jul 10, 2023
Total average income per household in Romania rose by 12.1% in the first quarter of 2023 vs the same period of last year, to RON6,979/month, namely RON2,797 per person, up 13%, in line with data from the country’s statistic board INS. -
ZF English - 06:03 Jul 10, 2023
Spark Car Sharing, the company behind the biggest player on Romania’s car sharing market, in 2022 posted RON10.1 million turnover, up 55% from the previous year, in line with Finance Ministry data. -
ZF English - 05:52 Jul 10, 2023
Aaylex One, an integrated business that includes poultry brand Cocorico in its portfolio, ended 2022 with RON 1.1 billion turnover, up 35% from 2021, in line with ZF calculations based on public data. -
ZF English - 05:44 Jul 10, 2023
Viterra Romania, the former Glencore, ended 2022 with RON4.87 billion turnover, up 40% from 2021, in line with ZF calculations based on public data. -
ZF English - 05:38 Jul 10, 2023
Local retailer La Cocos, controlled by entrepreneur Iulian Nica, in 2022 boosted its turnover by around 30%, twice as fast as inflation, with the company’s sales reaching RON713 million. -
ZF English - 18:00 Jul 07, 2023
Telecommunications operator Digi Communications (DIGI.RO) has called shareholders for August 18, 2023, to discuss, among others, the distribution of a RON1 gross dividend per share, which, based on the current trading price, would give investors a 2.9% yield. -
ZF English - 17:11 Jul 07, 2023
Banca Transilvania’s (TLV.RO) chief financial officer George-Razvan Calinescu made ten transactions during which he sold Banca Transilvania shares at prices between RON21 and RON21.56 each on July 5, Bucharest Stock Exchange data show. -
ZF English - 13:53 Jul 07, 2023
A multijurisdictional team of Clifford Chance lawyers from the Bucharest, London and Frankfurt offices, coordinated by Madalina Rachieru-Postolache (partner in the global Capital Markets practice), has advised the underwriters in connection with Hidroelectrica's listing, the law firm said in a press release.