Telecom operator Digi Communications has sealed an agreement with arbdn fund to carry out a EUR300 million investment in the development of an optical fiber network in Spain.
Real estate developer ONE United Properties has proposed an additional gross dividend of RON0.01/share to shareholders, namely a total sum of RON37 million, after the company has already earmarked RON36 million in September from 2022 profit for dividends of RON0.013/share.
The Electrica Group, through its subsidiary Distributie Energie Electrica Romania SA (DEER), has concluded a loan agreement with the European Bank for Reconstruction and Development (EBRD).
Insolvent thermal power plant CET Arad was acquired by AOT Energy headquartered in Switzerland, according to online publication Special Arad.
The shareholders of Carbochim Cluj-Napoca (CBC.RO), the largest local professional abrasives producer, will put to a vote a decision to approve the contracting of investment loans in the amount of maximum RON15 million or the equivalent in euros, in order to fulfil the objectives set in the investment plan for 2023.
Corrugated cardboard manufacturer Vrancart Adjud (VNC.RO), a company in which the Paval brothers - founders of do-it-yourself retailer Dedeman, own a 17.2% stake, plans to distribute RON12 million worth of dividends from its 2022 profit, as per a notice convening the Ordinary General Meeting of Shareholders.
tbi bank has partnered with Inter Broker de Asigurare to allow Romanians to buy insurance products of any kind through the Buy Now, Pay Later (BNPL) solution.
SomProduct, a local home furniture and decoration retailer, is opening a showroom within the ISHO project in the western city of Timisoara, where he leased a space of 1,100 square meters.
Porsche Finance Group, one of the leading providers of financing, insurance, maintenance and car mobility solutions in Romania, has announced the appointment of Helian Redai to the position of Chief Executive Officer (CEO).
Romanian state-run aircraft repair and maintenance company IAR Brasov (IARV.RO) has proposed the distribution of dividends in the amount of RON5.3 million from the 2022 net profit worth RON14.2 million, as per a stock market report signed by Ruxandra-Rodica Anghel, Chairwoman of the Board of Directors.
The European Bank for Reconstruction and Development (EBRD) and the Center for International Private Enterprise (CIPE) have launched a joint corporate governance training initiative aimed at promoting female participation on boards.
76% of young Romanians agree with stricter government measures aimed at imposing a change in people’s behavior to tackle climate change, .
Nuclear power producer Nuclearelectrica (SNN.RO) and the Emirates Nuclear Energy Corporation (ENEC) have signed a Memorandum of Understanding (MoU) for bilateral cooperation within the nuclear energy sector to support the growth of this energy source in tackling the dual challenges of energy security and climate change.
Software development hub Coface Technologies plans to grow its team of IT specialists to 200 members over the next four years.
Alaska Energies, a company active on the renewable energy market founded in the Czech Republic, has leased more than 8,000 square meters of logistic spaces in VGP Park Bucuresti Nord to the end of expanding its local operations, warehousing and distribution of renewable energy.
SomProduct, a local furniture and home décor retailer, is opening a showroom in ISHO project of Timisoara, developed by Mulbery Development, where it leased 1,100 square meters.
Romania ranks 14th in the EU by the number of new passenger cars registered in January-February 2023, with 24,715 units, up 37.7% from the year-ago period.
Transilvania Investments Alliance, the former SIF Transilvania, proposes the distribution of a RON0.0140 dividend per share, representing a 4.9% return against the 2022 average trading price.
Bucharest’s four-star hotel Capital Plaza, controlled by Romanian entrepreneurs, in 2022 generated EUR2.5 million turnover and expects 12% growth in 2023, according to its officials.
Paul Balsan, general manager of the charcuterie unit of Scandia Food group, says 2023 investments target the maintenance, logistics and IT infrastructure areas. Their overall value will top half a million euros.