Romania Feed
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ZF English - 10:36 Nov 01, 2023
A team of lawyers of D&B David si Baias, PwC’s correspondent law firm in Romania, has assisted Greece’s Public Power Corporation in concluding the deal whereby it took over the Romanian electricity generation, supply and distribution assets of Italy’s Enel group. -
ZF English - 09:34 Nov 01, 2023
Pet Star Holding, a major producer of PET preforms in Romania and the Balkans, has contracted EUR4 million funding from CEC Bank set to support its business. -
ZF English - 07:40 Nov 01, 2023
Precast concrete parts manufacturer Prefab Bucuresti, indirectly controlled by entrepreneur Petre Marian Milut, for the first nine months of 2023 reported operating revenues of RON94 million, from RON72 million in the same period of 2022 amid rising sale prices. -
ZF English - 06:46 Nov 01, 2023
Revolut, the fintech that operates on the basis of a license granted by the bank of Lithuania and is pending certification by Romania’s central bank, plans to reach 240 employees in Romania this year. -
ZF English - 06:31 Nov 01, 2023
Travel agency Eximtur of Cluj-Napoca, one of the largest in Romania, controlled by Morariu family, generated EUR40 million turnover in the first nine months of this year, up 20% from the year-earlier period. -
ZF English - 21:26 Oct 31, 2023
Computer and electronics retailer Altex, held by entrepreneur Dan Ostahie, budgeted more than EUR1.4 billion (RON7 billion) sales for this year, an increase of 7% to 10% on the sales of 2022. -
ZF English - 20:52 Oct 31, 2023
Chimcomplex (CRC.RO), the largest chemical plant in Romania, informed investors in a report to the Bucharest Stock Exchange on Tuesday that its chief executive officer Stefan Vuza stepped down as of October 31. -
ZF English - 19:57 Oct 31, 2023
Clifford Chance Badea, the Bucharest office of global law firm Clifford Chance, has advised J.C. Flowers & Co. in connection with the sale of First Bank to the Italian group Intesa, a transaction that marks the exit of the American private investment firm from Romania, six years after its first acquisition. -
ZF English - 18:17 Oct 31, 2023
Electrical components manufacturer Romradiatoare Brasov (RRD.RO) recorded a profit of RON843,126 in January-September 2023, up from a loss of RON1.48 million in the same period last year, the company said in its financial report. -
ZF English - 14:26 Oct 31, 2023
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, dropped to 6.35% on Tuesday, October 31, after stagnating in the first three weeks of the month and then going through several sessions of slight decline. -
ZF English - 13:26 Oct 31, 2023
Airline Dan Air has announced it will cease operations on the Brasov Airport and move to Bacau, as a result of the decision of the Brasov Airport to delay extending the opening hours for January 2024. -
ZF English - 13:06 Oct 31, 2023
Real estate investor-developer Hagag Development Europe has started work on the restoration, consolidation and refunctionalization of Stirbei Palace on Calea Victoriei. H Stirbei Palace is the company's first retail project – a concept designed to meet the specific needs of the premium market segment. -
ZF English - 09:56 Oct 31, 2023
Akcent Development, part of Romanian entrepreneurial group Alfa Group, set up by Alin Niculae, has started building 723 apartments in Bucharest’s Bucurestii Noi area, close to Jiului underground station. -
ZF English - 09:45 Oct 31, 2023
The extraordinary general meeting of shareholders convened by drug maker Antibiotice Iasi on October 30 approved the signing of a financing contract worth EUR25 million euro, i.e. RON23 million calculated at a rate of RON4.9202/EUR. -
ZF English - 07:32 Oct 31, 2023
OMV Petrom, Romania’s largest hydrocarbon producer, reported RON1.6 billion net profit in the third quarter of 2023, down from RON4.5 billion in the same period of 2022 amid falling oil prices and implicitly lower prices at the pump. On the other hand, the company’s sales reached RON10.7 billion, against RON18.7 billion. -
ZF English - 16:57 Oct 30, 2023
OVES Enterprise, a Romanian software development company, launches IXXERA, a security platform for drone networks ensuring the safeguarding of unmanned aerial vehicles (UAV) against cyber-attacks, leveraging blockchain and AI technologies. -
ZF English - 16:39 Oct 30, 2023
Romania's Finance Ministry raised RON303 million from banks on Monday (October 30), less than the planned RON400 million, selling bonds due in April 2036 in an auction, at an average yield of 7.15%. -
ZF English - 15:00 Oct 30, 2023
US private investment firm J.C. Flowers has reached an agreement with Intesa Sanpaolo over the sale of First Bank Romania. -
ZF English - 14:41 Oct 30, 2023
The Competition Council approved Carrefour’s acquisition of retailer Cora’s operations in Romania. The deal should therefore be completed in the next few weeks, Carrefour officials announced. -
ZF English - 14:24 Oct 30, 2023
Law firm RTPR assisted private equity firm MidEuropa Partners in the sale of Profi, while providing Profi support in the largest deal in the retail sector ever concluded in Romania, which stood at EUR1.3 billion.