Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted AAylex One, one of the leading players in the Romanian food industry and the producer of the Cocorico brand, in connection with a EUR20 million loan facility granted by a syndicate of banks.
Romania's central bank has revised downwards its inflation forecast to 4% for the end of 2024 from its previous projection of 4.9%, central bank governor Mugur Isarescu said on Friday (August 9) at the "Inflation Report, August 2024" press conference.
Romania Finance Ministry is launching new Tezaur treasury bills starting Monday, August 12.
Romania's national grid company Transelectrica (stock symbol: TEL) has developed together with Teletrans, the IT and telecommunications subsidiary, a pilot application used to forecast the electricity produced by prosumers, an initiative aimed at supporting all market participants.
Romania's Competition Council has approved the transaction through which Romcim SA acquired the company Tehno World SRL.
Romania's trade balance posted a deficit of EUR15 billion in January-June 2024, higher by 13.2% compared to the same period of 2023, data from the country's statistics board INS showed on Friday (August 9).
Bucur SA Bucuresti, a company engrossed in selling food products, spirits and coffee, and in property lease, ended H1/2024 with RON13 million net profit, 887% higher than in the year-earlier period.
AAylex ONE of Buzau, the company behind poultry brand Cocorico, has signed a syndicated loan agreement worth EUR20 million to support operating activities and business development.
IT&C distribution company Mida Soft Business, also a provider of integrated IT&C services, in 2023 registered turnover worth RON192.9 million (EUR38.8 million), up 93% from 2022.
Romania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward or stagnation trend by quantity, but by value there has been growth as users increasingly choose phones with better specifications, according to the local representative of Chinese company OPPO.
ITGlobers, specializing in technological services and solutions for the implementation and optimization of e-commerce platforms, development of customized software solutions, system integration and development of mobile apps, seeks to hire IT specialists for the newly opened office of Bucharest.
Hungarian builder KESZ Romania has got the building permit for housing compound Corallis, the first Bucharest project, in which it is investing over EUR51 million.
Ursus Breweries, the largest player on Romania’s beer market, owned by Japan’s Asahi group, will invest EUR15 million in a new line at Buzau plant.