Romania’s north-western city of Oradea will receive European funding worth almost EUR16.4 million for the development of a solar photovoltaic (PV) park on a 12.5-hectare plot of land that belongs to the city.
Real estate developer One United Properties (ONE.RO), has announced an agreement to sell its stake in One Herastrau Office S.A. to a private investor.
Romania's Finance Ministry raised RON600 million from banks on Monday (April 3) selling bonds maturing in 2032, at an annual average yield of 7.39%.
Romania’s state-owned natural gas producer Romgaz’s (SNG.RO) announced in a stock market report on Monday (April 3) the conclusion of a new transaction with E.ON Energie Romania, a company part of Germany’s E.ON Group.
The largest golf resort in Romania will be developed in the Niculesti commune (Dambovita County) following an investment of EUR60 million carried out by Turkish-Romanian businessman Metin Doğan.
Insurance company Omniasig, part of Austria’s Vienna Insurance Group (VIG), ended 2022 with underwritten gross premiums of over RON2.1 billion, up 30% on the year, in line with data from company representatives.
The number of tax audits companies are subject to is expected to increase by more than a third over the next two years as per 2023 EY Tax Risk and Controversy Survey.
Law firm Filip & Company has assisted Banca Comerciala Victoriabank S.A., one of the largest banks in the Republic of Moldova, on the conclusion of an agreement for the sale of the shares held by Banca Comerciala Romana in BCR Chisinau S.A., its subsidiary in the Republic of Moldova.
Romania's foreign exchange reserves stood at EUR53.2 billion in March 2023, higher by EUR1.22 billion versus February 2023, central bank data showed on Monday (April 3).
Hidroelectrica, the largest electricity producer in Romania and a company that is preparing to be listed on the Bucharest Stock Exchange, has announced the completion of protection works at the Iron Gates I spillway dam following a total investment of RON82.7 million.
Romania’s national grid company Transelectrica (TEL.RO) continues to support the academic environment across Romania with initiatives aimed at facilitating students' learning process and providing optimal conditions in order to build a career in the energy sector.
Holcim Romania, Romania’s largest building materials manufacturer by turnover, is expanding its aggregates arm by acquiring Stones Business Development, a major aggregates provider in the Bucharest-Ilfov area.
Amazon Development Center, the development center of US giant Amazon in Romania, with offices in Bucharest, Iasi and Timisoara, for 2022 reported net turnover worth above RON610 million (around EUR124.7 million), up around 11% from 2021, but switched to losses.
Romanian-held Optima, a software solution and services developer and provider, saw its turnover rise by 48% in 2022, to EUR4 million.
Cargus, a major courier services company on the local market, envisages new development investments after having posted two-digit growth in the first months of 2023, says Yannick Mooijman, the company’s CEO.
Chimcomplex (CRC.RO), the leading producer and supplier of vital chemical substances in the region, with two industrial platforms in Onesti and Ramnicu Valcea, eyes RON2.16 billion turnover in 2023, down around 4.5% from RON2.26 billion last year.
The latest investment door and window trim maker Barrier has made in Bacau is a 1,200-sqm showroom, bringing together all the solutions part of the company’s portfolio. The investment amounted to EUR3 million.
Cocor Bucuresti (COCR.RO), the operator of the shopping center in the center of Bucharest, posted RON14.2 million revenue and RON3.03 million net profit last year.
Raiffeisen Bank on March 31 issued non-preferred senior eligible bonds due on December 7, 2027, the second tranche of the series 6 issued on December 7, 2022, with a total value of RON119.17 million by reopening the latest sustainability bond series.
Turism, Hoteluri şi Restaurante Marea Neagra (EFO.RO) has informed the capital market of the signing of several rental agreements for nine seaside hotels following the decisions of the Ordinary General Meetings of Shareholders of Nov 29, 2022 and of March 13, 2023.