Electricity prices for household consumers rose in almost all EU member countries in the first half, with the highest increases seen in the Czech Republic (62%), Latvia (59%) and Denmark (57%), Eurostat data based on the prices in local currencies show.
Aegon Romania ended the first half of 2022 with an 8.2% increase in gross underwritten premiums, at RON76.7 million, vs RON70.4 million in 1H/2021.
One United Properties, the leading green investor and developer of residential, mixed-use and office real estate in Romania, will pay on November 3rd the half-year dividend of RON0.013 per share and on November 4th will distribute to shareholders bonus shares in proportion of one bonus share for every three shares held.
The organizers of music festivals Untold and Neversea are readying the first event of Bucharest, a Christmas Market due to be set up in Drumul Taberei park in collaboration with local authorities. The event is entirely privately funded, with the earmarked budget reaching EUR1 million.
Interior design company Chairry in October opened a showroom on Fabrica de Glucoza street of Bucharest and for the coming years mulls expanding its foothold via investments in several units nationwide, according to Raluca Dorobantu, managing partner, Chairry Design & Furniture.
Modulo Decorative Solutions, a company specialized in the production of decorative stone cladding solutions, wants to grow fast on the local market in the following years amid the investment plans it has drawn up.
Nusco Imobiliara, a real estate developer controlled by Nusco family, in 2020 launched a new real estate project in Bucharest’s Pipera area that started with two housing phases. It is now embarking on the third phase and wants to invest around EUR100 million.
Alexandrion Group, the largest local spirits producer, has launched Carpathian Single Malt in Romania, which will be available in on-premise and premium off-premise locations from mid-November.
Bitdefender, a global leader in cybersecurity, and Sharp Electronics, one of the world's leading technology manufacturers, have announced a new partnership to integrate Bitdefender technology into Sharp's new range of multifunction printers to protect against cyber threats, the companies said in a release.
Siemens Energy, a major energy technology company, has already recruited 450 Romanian engineers in Romania, to be added to its initial 200-member team, and plans further growth in the coming period.
Romanian business managers for October-December period expect a steep increase of prices in the processing industry, constructions and trade, as well as a falling number of employees in constructions and more employees in trade, in line with a survey by the country’s statistics board.
U.S. Trade and Development Agency (USTDA) has awarded a grant of $14 million to RoPower Nuclear SA (RoPower), the project company for the development of the small modular reactors recently established by Nuclearelectrica and Nova Power & Gas.
OMV Petrom (SNP.RO), the biggest company listed on the Bucharest Stock Exchange, reported record high financial results for the first nine months of 2022 amid rising fuel prices and higher electricity sales.
Italy’s farm machinery maker Maschio-Gaspardo Romania, which owns a plant in Chirsineu-Cris, Arad county, currently has 65 jobs available.
Agribusinessjob, a recruitment agency specializing in the agrifood sector, founded by Marius Ogrezeanu, has invested over RON500,000 in a job platform dedicated to the agrifood field amid a shortage of stable and skilled employees.
Rasvan Radu will end his term as CEO and Chairman of the Board of UniCredit Bank Romania and will continue his professional career within UniCredit Group, where he will supervise the implementation of strategic projects in Central and Eastern Europe.
Alpha Bank Romania, part of the Greek Alpha Bank Group, will relocate part of its operations to the City Gate North Tower from January 2023, where it will occupy 5000 square meters, i.e. more than 10% of the total office building area.
Romgaz (SNG.RO), a natural gas and electricity producer held by the Romanian government via the Energy Ministry, on October 27 announced conclusion of three deals with Engie Romania, Electrocentrale Bucuresti and E.ON Energie Romania, according to a report submitted to the Bucharest Stock Exchange.
Romania's Finance Ministry on Thursday (October 27) borrowed RON722 million from banks via a bond issue due in October 2027, at an annual average yield of 9.26%.
Ioana Enache, who served as regional general manager with Amway for the last ten years, is the new chief executive officer of SanoVita, one of the leading local actors in the plant-based food industry, with a presence of more than 25 years in Romania.