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Around 1% of Evergent Changes Hands in RON13.7M Deal

Wed, 23 Jun 2021 15:21:23 GMT

Around 1% of the share capital of investment fund Evergent Investments (EVER.RO) changed hands in a Ron13.7 million deal on the Bucharest Stock Exchange Wednesday.

SII Romania Turnover Grows 16% in 2020, to RON57M

Wed, 23 Jun 2021 15:16:26 GMT

IT solutions and services company SII Romania had a turnover of RON57 million in 2020, up 16% on the year, and expects growth of around 20% in 2021.

Uber Makes RON1.2M Profit in Romania in 2020

Wed, 23 Jun 2021 15:07:33 GMT

Ride-sharing company Uber B. V. SRL, owned by US giant, ended 2020 with a turnover of nearly RON14 million, up 9.4% on the year, according to data from Confidas.ro.

Norway's Visma Acquires Romanian Cloud Accounting Startup Keez

Wed, 23 Jun 2021 14:36:53 GMT

Norwegian group Visma has acquired a majority stake in Romanian startup Keez, a fast-growing provider of accounting and invoicing for small businesses in Romania.

Cemacon Invests in EUR4.2M Eco-Friendly Ceramic Coating Production Line

Wed, 23 Jun 2021 11:49:13 GMT

Romanian brick manufacturer Cemacon Cluj Napoca (CEON.RO) said Wednesday it was investing in a new, eco-friendly ceramic coating production line in a project project co-financed under the EEA Financial Mechanism 2014-2021 under a contract concluded with Innovation Norway as program operator.

Sapte Spice Invests EUR2.5M In New Product Development And Automation

Wed, 23 Jun 2021 11:26:00 GMT

Sapte Spice, one of the largest manufacturers on the Romanian milling market, is investing EUR2.5 million in 2021 in developing new products and in automation, according to company representatives.

PwC Romania Promotes Doina Birsan As Partner Within Audit Practice

Wed, 23 Jun 2021 11:03:29 GMT

PwC Romania on Wednesday said Doina Birsan would become Partner within the company’s Audit Practice and would be running the Audit Department in the Republic of Moldova.

Alexandru Rugina To Take Over As Chief Operating Officer Of Mercedes-Benz Vans Romania July 1

Wed, 23 Jun 2021 09:39:15 GMT

Mercedes-Benz Vans Romania on Wednesday announced that Alexandru Rugina would be taking over as the company's Chief Operating Officer (COO), effective July 1, 2021.

Romania Private Lending Grows 0.9% on Month in May

Wed, 23 Jun 2021 09:27:33 GMT

Private lending in Romania grew 0.9% in nominal terms and 0.4% in real terms in May compared with April, to RON296.269 billion, central bank data showed Wednesday.

Bergenbier SA 2020 Turnover Grows Slightly YoY To RON653M

Wed, 23 Jun 2021 09:09:19 GMT

Bergenbier SA, part of the group Molson Coors Beverage Company, on Wednesday said it ended 2020 with a turnover of RON653 million, slightly higher than the level reported in 2019.

Catinvest Invests EUR6M To Expand Electroputere Parc Shopping Mall In Craiova

Wed, 23 Jun 2021 08:49:36 GMT

French real estate group Catinvest will start construction works in July to expand the Electroputere Parc shopping center in Romania’s southern city of Craiova by an additional 5,500 square meters of retail space and five new restaurants, of which three will have outdoor terraces.

Black Sea Trade and Development Bank Grants $40M Corporate Loan To ALRO

Wed, 23 Jun 2021 08:00:11 GMT

The Black Sea Trade and Development Bank (BSTDB) is providing a corporate loan of USD40 million to Romanian aluminum producer ALRO for its capital investment program, the lender said Wednesday.

Michele Nusco Invests EUR70M in Nusco City

Wed, 23 Jun 2021 07:42:13 GMT

Michele Nusco, the Italian entrepreneur who owns door maker Pinum and real estate developer Nusco, plans to deliver at least 300 apartments a year in Pipera, northern Bucharest, over the next ten years.

Cereale Colect Distribution set to invest RON40M in 2021

Wed, 23 Jun 2021 07:02:34 GMT

Grain trader Cereale Colect Distribution in Tulcea County has earmarked RON40 million for investments in 2021. The company intends to boost storage capacity by 40% to 300,000 tons and expand the vehicle fleet to 150, among others.

One United Buys Lakeside Plot in Bucharest for EUR15M

Tue, 22 Jun 2021 15:06:06 GMT

Romanian real estate developer One United Properties (ONE.RO), currently running an IPO in view of capital market listing, has bought a 21,160 sqm plot of land in the proximity of Lake Tei in Bucharest for EUR15 million.

OMV Petrom Enters Liquefied Natural Gas Distribution Market

Tue, 22 Jun 2021 14:33:40 GMT

OMV Petrom, the largest energy company in South-Eastern Europe, announced Tuesday it has obtained a license to commercialize liquefied natural gas (LNG), thus diversifying its activities on the gas market and related products.

Savini Due Posts 2% Growth in Sales in 2020, to RON131M

Tue, 22 Jun 2021 13:38:46 GMT

Romanian bathroom furniture maker Savini Due in Sebes, controlled by Italian businessman Piersante Savini, registered sales of RON131 million in 2020, 2% higher compared with 2019.

Transelectrica Gets Shareholder Approval For Dividend Of RON0.87/Share, At 3.4% Yield

Tue, 22 Jun 2021 11:32:11 GMT

Shareholders of Romanian state-owned power grid operator Transelectrica (TEL.RO) have approved in their general meeting of June 22, 2021 both a gross dividend of RON0.28 per share, which was initially set, and an additional dividend of RON0.59, requested by the Romanian State, which is the company’s majority shareholder.

Eurostat: Romania, Bulgaria, Poland Have Lowest Price Levels For Consumer Goods

Tue, 22 Jun 2021 11:05:04 GMT

Romania, Bulgaria and Poland have the lowest price levels for consumer goods, half the European average, while Denmark, Ireland and Luxembourg have the highest price levels, way above the EU average, data from Eurostat, the statistical office of the European Union, showed Tuesday.

Evergent Investments Becomes Shareholder Of Agroserv Mariuta

Tue, 22 Jun 2021 09:45:19 GMT

Evergent Investments (the former SIF Moldova) has become a shareholder in Agroserv Mariuta (MILK.RO), the dairy processor of Laptaria cu caimac, per a stock market report.