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.
Aripi, BCR Pensii, BRD Pensii, Metropolitan Life Pensii Private and NN Pensii are the Pillar II private pension funds that were active on the Bucharest Stock Exchange in April 2024, conducting transactions with listed shares, the data aggregated by ZF show.
Approximately 150-200 new franchises open in Romania's HoReCa (Hotels, Restaurants and Catering) sector every year, and the investment value ranges from EUR30,000 to over EUR300,000, depending on the size of the restaurant, as per an analysis by franchise consulting company Franchwise.
French retailer Auchan has rebranded two Auchan Discount stores, located in the cities of Timisoara and Ploiesti, under the new discount hypermarket format ATAC, reaching three units under this concept.