The first direct flight from Romania, Bucharest, to the United States of America, in New York, after a 20-year break, was operated on Friday (June 7) by airline HiSky, from the Henri Coanda (Otopeni) International Airport.
Romania's economy inched up 0.1%, in unadjusted data, and grew by 1.8% In seasonally adjusted data, in the first quarter of 2024 compared to the same period of 2023, in line with provisional (1) estimates from the country's statistics board INS.
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 14.6% in unadjusted data and by 9.5% when adjusted for seasonality and number of working days, in April 2024 compared to April 2023, as per data from the country’s statistics institute INS.
Law firm Filip & Company assisted, as lead counsel, Digi Romania and Digi Communications in contracting a term loan of EUR150 million that will be used to refinance EUR450 million bonds issued in 2020 falling due in 2025.
Passenger car sales with rise by 1.7% in Romania in 2024 yearly, and those of light commercial vehicles will inch up by 0.6%, reveals PwC Autofacts report drawn up in Romania, Poland, Czechia, Hungary and Slovakia.
OMV Petrom, Romania’s largest oil and gas company, is strengthening its partnership with Renovatio via the acquisition of a 50% stake in three photovoltaic projects totaling 130 MW.
Entrepreneurial company Grup Serban Holding, active in several fields of agriculture, takes into account using mechanisms made available by the Bucharest Stock Exchange, either share capital increases of bond issues, to accomplish its development plans, as it needs funding of around EUR50 million, says its CEO Nicolae Serban.
Huawei Technologies, the Romanian subsidiary of China's giant Huawei, reported a turnover of RON1.6 billion (nearly EUR325 million) for 2023, down 15% compared to 2022, as per finance ministry data.
Antibiotice Iasi, (ATB.RO) the largest Romanian-owned pharmaceutical producer, will receive EUR100 million in EU funding for the production of drugs such as antibiotics, for which there are no therapeutic alternatives. The announcement was made in Iasi by the Minister for Investments and European Projects Adrian Caciu, who visited the industrial site.
Drugmaker Zentiva Bucuresti (BSE:SCD) has appointed Hacho Agop Hatchikian as temporary member in the company's Board of Directors, effective June 6, Zentiva said in a press statement published on the website of the Bucharest Stock Exchange on June 6.