Romania Feed
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ZF English - 16:46 Jun 29, 2023
Eaton Electro Productie, the Romanian subsidiary of US giant Eaton, reported a turnover of RON1.6 billion (EUR324.7 million) for 2022, up 17.8% from RON1.359 billion (EUR276.3 million) in 2021, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data. -
ZF English - 16:23 Jun 29, 2023
Smart Diesel company in Arad posted over RON2 billion (EUR407.4 million) revenue in 2022, up by about 28% on the previous year, according to ZF calculations based on Finance Ministry data. -
ZF English - 15:54 Jun 29, 2023
Romania's Finance Ministry raised RON917 million from banks on Thursday (June 29), selling government paper maturing in 2028, at an annual average yield of 6.65%. -
ZF English - 14:33 Jun 29, 2023
OMV Petrom, the largest integrated energy company in Southeast Europe, signed an agreement for the purchase of several projects for the construction of photovoltaic parks in Teleorman county -
ZF English - 11:53 Jun 29, 2023
Romania's national grid company Transelectrica (TEL.RO) has inaugurated the refurbished 220/110/20 kV Ungheni electric power station, with a total investment of over EUR10 million from its own funds, the company said in a statement. -
ZF English - 11:37 Jun 29, 2023
Globally, year-to-date (YTD) 2023 recorded 615 IPOs with US$60.9 billion capital raised, a 5% and 36% decrease year-over-year (YOY), with larger deals coming to the market in Q2 compared to Q1, even though it has been a slow recovery, according to the EY Global IPO Trends Q2 2023. -
ZF English - 11:15 Jun 29, 2023
ALRO, one of the largest vertically integrated aluminum producers in Europe, measured by production capacity, inaugurated a 11 million USD investment in technology and environment protection at its Eco Recycling Facility in Slatina. -
ZF English - 10:37 Jun 29, 2023
Liberty Galati, the largest integrated steel producer in Romania, continues its strategy to expand its portfolio of high value-added products and increase production flexibility and profitability, by starting the installation of a new modern accelerated cooling unit at its Heavy Plate Mill. -
ZF English - 07:48 Jun 29, 2023
Romania ranks last in the EU when it comes to packaging waste recycling, with the percentage dropping in 2020 to 39%, almost 5% less than in 2019, in line with the latest European statistical data cited by Clean Recycle. -
ZF English - 07:35 Jun 29, 2023
Stay Fit Gym, Romania’s second biggest fitness center chain, has reached 21 units locally after the company has in the past 18 months managed to triple the number of launches in the wake of Morphosis Capital entering its shareholding structure. -
ZF English - 07:13 Jun 29, 2023
The building of former Odeon theatre of Galati, an iconic building of the city, has been put up for sale at the price of EUR690,000, with the auction being organized by Romania Sotheby’s International Realty. -
ZF English - 06:01 Jun 29, 2023
US company Lockheed Martin, which produces Black Hawk helicopters and F-16 and F-35 aircraft, together with Aerostar Bacau, will open an MRO center for Black Hawk in Romania, in Bacau. -
ZF English - 18:57 Jun 28, 2023
With four days of Hidroelectrica's (H2O.RO) initial public offering on the Stock Exchange already over and four more remaining, as it is scheduled to close on July 4, unless Fondul Proprietatea decides to close it early, the small investors' tranche is 82% oversubscribed, Ziarul Financiar has calculated. -
ZF English - 18:42 Jun 28, 2023
The ten best performing local bond funds between May 2022 and May 2023 delivered to investors yields of 5%, as the case of FDI Globinvest Bonds, to 11.78% for Goldman Sachs Romania RON Bond, in line with data aggregated by Ziarul Financiar (ZF) daily from the Bucharest Stock Exchange. -
ZF English - 18:30 Jun 28, 2023
DIY retailer Leroy Merlin will open its 21st store in Romania and the first in Arad in the AFI Arad project developed by AFI Europe on July 7. -
ZF English - 17:29 Jun 28, 2023
Romania's central bank reported a profit of RON1.08 billion for 2022, lower by 46.3% than the level reported in 2021. -
ZF English - 17:10 Jun 28, 2023
A percentage of 15-20% Romanians frequently utilize purchases in instalments either at point of sale in store or at check-out when purchasing online, or post-purchase. -
ZF English - 16:46 Jun 28, 2023
Romania’s general consolidated budget posted a deficit of RON37 billion in January-May 2023, or 2.3% of gross domestic product (GDP), as compared to a budget gap of RON21 billion in the same period of 2022, the finance ministry said on Thursday (June 28). -
ZF English - 13:07 Jun 28, 2023
Law firm RTPR has assisted private equity fund SARMIS Capital in relation to the acquisition of a majority stake in BMF Grup, the largest integrated facility management company on the Romanian market. -
ZF English - 11:49 Jun 28, 2023
Romania's media market kept growing in 2022, but at a slower pace, of just 9%, reaching a net value estimated at EUR657 million, in line with the Media Fact Book annual report conducted by media agency Initiative Romania, the only report analyzing the Romanian media and advertising market.