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Nuclearelectrica Deposits RON52.5M with CEC Bank

Fri, 21 Jan 2022 17:12:07 GMT

Nuclear power producer Nuclearelectrica (SNN.RO) on Friday notified shareholders and investors that based on the order to open a negotiated interest deposit, the company placed a RON52.5 million deposit with CEC Bank on January 21, 2022.

Patria Bank Increases Share Capital By RON16.3M

Fri, 21 Jan 2022 16:52:05 GMT

Lender Patria Bank (PBK.RO), held by investment fund Emerging Europe Accession Fund (EEAF), said in a stock market report on Friday that, within the share capital increase operation approved by shareholders in October 2021, a total 163.5 million new shares, at a price of RON0.1 per share, were subscribed by exercising the preferential right.

International Investment Bank Attracts RON105M On Romanian Market Via 3-Year Maturity Bond Issue

Fri, 21 Jan 2022 16:37:33 GMT

The International Investment Bank (IIB), founded in 1970 by several countries including Romania, on Friday said it started the implementation of the financing plan for 2022, with two transactions carried out in lei (RON) and Czech crowns (CZK) under the MTN program of the institution.

PwC: 72% CEOs In CEE Anticipate Increase In Cybercrime In 2022

Fri, 21 Jan 2022 15:57:03 GMT

Nearly three quarters (72%) of Chief Executive Officers in Central and Eastern Europe (CEE), including Romania, expect cybercrime to increase in 2022, as last year was one of the most challenging ever for cybersecurity, according to the CEE edition of the PwC 2022 Digital Trust Insights.

MAM Bricolaj Boosts Client Base, Opens New Store In Bucharest In First Year As Listed Company

Fri, 21 Jan 2022 15:50:56 GMT

MAM Bricolaj (MAM.RO), a supplier of materials and furniture accessories, held by the Gavan family, has celebrated on Friday (January 21) the first year since its listing on the AeRO market of the Bucharest Stock Exchange (BVB).

Wolf Theiss Advised Germany’s Enercon Group On Sale Of Wind Farm In Stejaru To Premier Energy

Fri, 21 Jan 2022 15:30:08 GMT

Law firm Wolf Theiss said it acted as legal advisor for Enercon GmbH Group, Germany’s largest wind turbine manufacturer, on the sale of an operational wind farm with a 34.5 MW capacity, located in the Stejaru commune (Tulcea County), to Premier Energy.

Antitrust Body Clears Acquisition Of Majority Stake In Augsburg International By Swiss Automotive Group

Fri, 21 Jan 2022 14:07:16 GMT

Romania’s Competition Council has approved a transaction whereby Autonet Group Holding (AGH), part of Switzerland’s Swiss Automotive Group (SAG), acquired in October 2021 the majority stake in automotive parts wholesaler Augsburg International (AL).

Romania Pillar II Pension Funds End 2021 With Record Assets Of RON89B

Fri, 21 Jan 2022 13:30:00 GMT

The seven private pension funds operating on the mandatory segment in Romania (Pillar II) had record assets of RON89 billion (EUR18 billion) in 2021, higher by approximately RON14 billion (+19%) on the year, financial regulator (ASF) data showed Friday.

Software Developer Oves Enterprise Set to Expand Abroad

Fri, 21 Jan 2022 08:54:49 GMT

Oves Enterprise, a Cluj-Napoca-based company specialized in software development, with turnover of around RON14 million at end-2021, announced it is set to open an office in Germany, in Munich, and expand its team by around 60 people this year.

Builder Concelex Aims to End Next Two Years in the Black

Fri, 21 Jan 2022 08:47:00 GMT

Radu Piturlea, deputy chairman of Romanian builder Concelex, says the company wants to end the next two years with rising results and it already has contracts worth over EUR420 million sealed for the 2021-2025 period.

Tire Maker Michelin Tops 4,500 Employees in Romania

Fri, 21 Jan 2022 08:27:31 GMT

Michelin Romania, part of French group Michelin, one of the world’s biggest tire manufacturers, has come to have more than 4,500 employees locally.

Dedeman Climbs In Romania’s Biggest Employer Ranking, With Over 12,000 Employees

Fri, 21 Jan 2022 08:20:00 GMT

Dedeman, leader of Romania’s do-it-yourself (DIY) market and the biggest Romanian entrepreneurial company by turnover, got beyond the 12,000-employee mark, in line with company data.

EDPR, Romania’s Third Largest Green Power Investor, Back on the Market

Fri, 21 Jan 2022 08:08:58 GMT

Portugal’s EDP Renewables (EDPR), the third strongest investor in Romania’s green energy, took over Beta Wind project company, the developer of a 151-MW wind project, according to market sources, with the deal marking the company’s return on the market.

Eurosport DHS Seeks to Hire 50 People at Deva Bicycle Factory

Fri, 21 Jan 2022 07:58:22 GMT

Bicycle maker Eurosport DHS, controlled by Chinese and German investors, currently has 50 jobs available at the Deva plant.

JW Marriott 2021 Revenues Reach 45% of 2019 Level

Fri, 21 Jan 2022 07:50:58 GMT

Bucharest’s five-star hotel JW Marriott, managed by Societatea Companiilor Hoteliere Grand, ended 2021 with turnover at 45% of 2019 level.

Lidas Starts Building Second EUR46M Bakery Factory

Fri, 21 Jan 2022 07:43:16 GMT

Tulcea-based bakery company Lidas, controlled by entrepreneur Elena Anastase, stared construction works for the second bakery plant, in Cataloi, in a EUR46 million investment, half covered by state aid.

Cigarette Wholesaler Punctual Comimpex Posts 17% Growth in Revenue to RON850M In 2021

Thu, 20 Jan 2022 18:20:13 GMT

Cigarette wholesaler Punctual Comimpex based in Cluj-Napoca and owned by entrepreneur Vasile Muresan, ended 2021 with total revenue of RON850.8 million (EUR173 million), up 17.4% year-on-year, the data supplied by the company show.

Digi Repays EUR272M of Financial Debt After Sale of Hungarian Subsidiary

Thu, 20 Jan 2022 18:05:00 GMT

Telecommunications operator Digi Communications (DIGI.RO) on Thursday night notified Bucharest Stock Exchange investors it had repaid EUR272 million of the group’s financial debt.

Rombat Bistrita Automotive Battery Sales up 15% in 2021

Thu, 20 Jan 2022 17:41:42 GMT

Rombat Bistrita sold 2.65 million automotive batteries on the markets where it operates in 2021, up 15% from the previous year, the company said.

SIF Banat-Crisana Reaches 10.2% Ownership Stake In SIF Muntenia

Thu, 20 Jan 2022 17:33:22 GMT

Regional investment fund SIF Muntenia (SIF4.RO) said in a stock market report on Thursday that it was notified by regional investment fund SIF Banat-Crisana (SIF1.RO) of the latter’s overshooting the 10% ownership threshold of SIF4 shares following deals geld on January 18, 2021.