REHAU Window Solutions, a division of Germany's Rehau Group which provides solutions for windows, installations and furniture, on October 10 inaugurated a logistics and wrapping center in Cisnadie, in Romania's central county of Sibiu, following an investment of EUR10 million.
Drilling company Dafora Medias (DFR.RO), included on the special list of companies under observation by the Bucharest Stock Exchange, said in a stock market report on Oct 10 that it would enter bankruptcy procedures following a ruling issued by the Sibiu Court on Oct 9.
The company Mad Planning and Projects has fully rented out the office building Coltea Media Building in downtown Bucharest to Bitcoin Romania.
Real estate developer Nusco Imobiliara, held by the Italian Nusco family, has received the building permit for the second phase of the Nusco City urban regeneration project in the northern part of Bucharest.
The company Solar Green Capital has finalized works on a 12 MW solar photovoltaic (PV) park in Baltesti (Prahova County), following an investment of EUR10 million.
Publicis Groupe Romania, a marketing, communications and digital transformation group, has launched the platform dataintelligence.ro, a hub where marketing professionals have access to essential information for data-based business decisions.
The International Monetary Fund (IMF) predicts an economic growth of 2.2% for Romania in 2023, lower than in its previous spring projection of 2.4%, according to its latest report released on Tuesday (October 10).
tbi bank, a Southeastern Europe leading challenger bank, operating in Bulgaria, Romania, Greece, Germany, and Lithuania, was assigned an investment rating, reflecting Counterparty Risk – Baa3, and Ba2/NP long- and short-term deposit rating from Moody’s Investors Service (Moody’s).
Garanti BBVA has decided to extend its lease contract for five more years, maintaining the 7,200-square meter office space for its headquarters in the YUNITY Park, a project developed by Genesis Property.
More than half (56%) of executives say their current business transformations aren’t working, according to an analysis from global consulting firm Kearney.
Romania's trade balance posted a deficit of EUR18.2 billion in January-August 2023, lower by 17.2% compared with January-July 2022 period, data from the country's statistics board INS showed on Tuesday (October 10).
EVOLOR has finalized the acquisition of former pain plant Chempro, located on the Oltchim Ramnicu Valcea platform, and has a EUR3 million investment program to modernize it, part of its strategy of regional expansion via the development of new production and logistic capacities.
Aluminum producer Alro Slatina has approved the start of three new investment projects worth EUR15 million aimed at decarbonizing the technological process and increasing competitiveness, in parallel with alignment with the latest requirements and recommendations in the field of environmental, according to the company’s representatives.
Romania M&A market in the first nine months of 2023 registered 183 deals, down 6.2% from the same period of 2022, a trend also visible in terms of value, with a 19% decline to $4.2 billion, reveals a E&Y survey.
The shareholder of real estate developer ONE United Properties have greenlights the payments of a 0.01/share half-year dividend, namely a total sum of RON38 million, meaning a 1% return, in line with ZF calculations based on the current trading price.
Store chain dm drogerie markt wants to expand the warehousing area of Timisoara center amid the expansion of the network and the increase in the number of products.
The ten most active brokers at the Bucharest Stock Exchange intermediated deals worth RON3.22 billion in September 2023, accounting for 88.5% of total intermediations, as per calculations by Ziarul Financiar (ZF) daily based on stock market data.
Chemical fertilizer wholesaler Solarex Impex reported a turnover of RON258.3 million (EUR52.4 million) for 2022, up 10.2% from a turnover of RON234.3 million (EUR47.6 million) reported in 2021, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
PepsiCo, one of the leaders in the food and beverage industry, has announced the appointment of Radu Berevoescu as General Manager & Senior Commercial Director East Balkans.
Romania's Finance Ministry raised RON600 million from banks on Monday (October 9), selling treasury bills maturing in 2031, at an annual average yield of 7.18%.