Romania Feed
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ZF English - 08:38 Mar 24, 2023
Financial analysts part of CFA Romania Association forecast an average 8.62% inflation rate for the next 12 months and expect the local currency to decline to an average of 5.0390 units per euro. -
ZF English - 08:21 Mar 24, 2023
Local startup easySales, which has set up an automated B2B management and e-commerce platform, has attracted new funding from Fortech Investments, which became a minority stakeholder. -
ZF English - 08:02 Mar 24, 2023
Medical imaging clinic network Medima Health has reached five units nationwide in the wake of fast expansion and wants to grow further, targeting both large and small cities. -
ZF English - 07:52 Mar 24, 2023
Adnana Popa, cofounder and CEO of homemade gelato shop chain Velocità, plans to strengthen its foothold in Bucharest and open another two shops. -
ZF English - 07:41 Mar 24, 2023
Banca Transilvania, the biggest lending institution on the Romanian market by assets, expects to generate net profit of above RON2.3 billion this year, 7% above the 2022 level, as it projects rising revenues and lending. -
ZF English - 07:32 Mar 24, 2023
DN Agrar Group, a Dutch-held group of firms operating in the fields of animal husbandry, farm production, farming services, logistics, transportation, tourism and advisory services, plans to develop its operations on the milk market in the future, arguing Romanians import around half of the milk consumed locally. -
ZF English - 22:24 Mar 23, 2023
Romanian aluminum processor Alumil Rom Industry (ALU.RO) on Thursday (March 23) said it would convene its shareholders on April 24 to put to the vote a decision to distribute a gross dividend of RON0.2 per share. -
ZF English - 22:10 Mar 23, 2023
Romania’s largest poultry producer, Transavia, seeks to double its production capacity in three-four years in order to exceed the threshold of 200,000 tons of poultry meat annually through major investments and acquisitions of new market players. -
ZF English - 21:49 Mar 23, 2023
The Board of Directors of natural gas producer Romgaz’s (SNG.RO) convened on Thursday (March 23, 2023) and approved the extension of Razvan Popescu’s mandate as Chief Executive Officer (CEO) of Romgaz for two more months, from April 19, 2023 until June 19, 2023. -
ZF English - 21:22 Mar 23, 2023
Romania's Finance Ministry raised RON500 million on Thursday (March 23) selling bonds maturing in April 2025, at an annual average yield of 7.09%. -
ZF English - 21:11 Mar 23, 2023
Romanian online retailer eMAG said it would extend its cross-border fulfilment program to the markets of Bulgaria and Hungary, following related investments in technology and logistics totaling EUR3 million in 2022, eMAG said in a press release. -
ZF English - 20:41 Mar 23, 2023
Brasov-based roofing manufacturer Bilka, held by entrepreneur Horatiu Tepes, ended 2022 with RON1.15 billion revenue, an increase of 3% on 2021, the latest data available on the Finance Ministry website show. -
ZF English - 20:27 Mar 23, 2023
Grupul IULIUS has installed photovoltaic panels on all properties in its portfolio and expects a production of 5,500 MWh annually, following an investment of over EUR3.5 million. -
ZF English - 20:11 Mar 23, 2023
Romania’s national grid company Transelectrica (TEL.RO) has called shareholders for April 27, 2023 to secure approval to distribute a RON0.71/share gross dividend from the 2022 profit, according to the notice sent to the Bucharest Stock Exchange. -
ZF English - 19:22 Mar 23, 2023
Natural gas producer Romgaz’s (SNG.RO) Board of Directors on March 23 approved a gross dividend of RON3.42/share, which will be submitted to the General Meeting of Shareholders on April 26-27 to vote. -
ZF English - 18:52 Mar 23, 2023
BA Glass, a European producer of glass packaging and the only producer of glass containers in Romania, said it would invest over EUR1 billion in its 12 factories over the next five years, of which EUR150 million in Romania. -
ZF English - 18:40 Mar 23, 2023
French-held retailer Auchan, which has hypermarkets, supermarkets, convenience and online stores in Romania is entering the discount retail segment, one of the most popular in Romania in the last few years. The decision of the group comes at a time when Romanian consumers are becoming increasingly price conscious. -
ZF English - 17:11 Mar 23, 2023
Romania's finance ministry continues the issues of FIDELIS government bonds for retail investors and launches on Bucharest Stock Exchange (BVB) the first offer in 2023, between March 27 and April 10. -
ZF English - 16:46 Mar 23, 2023
Romania ranks last among European Union (EU) countries regarding online learning, considering that only 8% of Romanians said they used the Internet for educational purposes in the last three months, as per a study conducted by Eurostat, the EU's statistical office, in 2022. -
ZF English - 16:22 Mar 23, 2023
Law firm Filip & Company advised Digi Spain Telecom S.L.U., the company’s Spanish subsidiary, on the conclusion of an investment agreement with Aberdeen Standard Core Infrastructure III SC Sp., a fund managed by abrdn.