ZF

Finance Ministry Raises Nearly RON800M From Banks Via Two Bond Issues On May 9

Thu, 09 May 2024 15:17:43 GMT

Romania's Finance Ministry raised RON800 million from banks on Thursday (May 9), selling government paper in two auctions, at annual average yields of 6.35% and 6.70%, respectively.

European Investment Bank Boosts Europe’s Security & Defense With EUR4.5B Financing

Thu, 09 May 2024 15:06:55 GMT

The Board of Directors of the European Investment Bank (EIB) on May 9 endorsed a revised definition for dual-use goods and infrastructure eligible for EIB Group funding.

C&W: Companies Leased Roughly 200,000 Sqm Of Industrial And Logistics Spaces In Q1/2024

Thu, 09 May 2024 14:38:53 GMT

Companies leased approximately 200,000 square meters of industrial and logistics spaces in the first quarter (Q1) of 2024, and the demand was mostly generated by manufacturing companies, FMCG and logistics operators, in line with data from real estate consulting firm Cushman & Wakefield Echinox.

Romgaz Makes RON200M Term Deposit With Exim Banca Romaneasca

Thu, 09 May 2024 14:35:06 GMT

Natural gas producer and supplier Romgaz (SNG.RO) on Thursday notified the Bucharest Stock Exchange of having made a RON200 million term deposit without auto-renewal option with Exim Banca Romaneasca. The interest rate negotiated is 5.87% and the maturity is July 15, 2024.

Bucharest Stock Exchange And EBRD To Review Romanian Corporate Governance Code

Thu, 09 May 2024 14:29:39 GMT

The Bucharest Stock Exchange (BVB) and European Bank for Reconstruction and Development (EBRD) and the will work together to review the Romanian market’s corporate governance code, aligning it with recent regulatory changes and updated global standards, BVB said in a report on May 9.

Hagag Development Buys Obor Est Residence Housing Project

Thu, 09 May 2024 12:45:28 GMT

Real estate developer Hagag Development Europe, controlled by businessman Yitzhak Hagag, has acquired housing project Obor Est Residence, located in eastern Bucharest, on the platform of former “Izolatorul” plant.

Law Firm Philip & Company Assists Medical Recovery Chain Centrokinetic, in Partnership with Agista, in Takeover of Majority Stake in Socrates Clinic

Thu, 09 May 2024 12:35:01 GMT

Law firm Filip & Company has assisted Centrokinetic network, specializing in orthopedy and medical recovery, aided in the deal by investment fund Agista as shareholder, in acquiring an almost 70% staje in the share capital of the company that operates Socrates clinic of Timisoara.

Zabka Officially Enters Grocery Retail Market In Romania With Froo Store In Bucharest

Thu, 09 May 2024 11:54:22 GMT

Polish retailer Zabka, which has more than 10,000 stores back home, is officially entering the Romanian grocery retail market by opening its first store under the Froo brand. This is the brand the group will use in Romania.

Early Game Ventures Launches Second Investment Fund

Thu, 09 May 2024 11:30:07 GMT

Early Game Ventures on April 25 finalized the necessary documents for the official launch of its second investment fund, with a total value of EUR60 million, the firm said in a press release.

BVB Group Q1/2024 Net Profit Up 68% To around RON3M Vs Q1/2023

Thu, 09 May 2024 08:05:47 GMT

The Bucharest Stock Exchange, the operator of Romania’s capital market, in the first three months of 2024 posted RON2.96 million net profit at group level, 68% higher than in the same period of 2023, while the net margin rose from 14% to 17%.

Cushman & Wakefield: Production Companies, Most Dynamic on Industrial Space Leasing Market in Q1

Thu, 09 May 2024 07:50:30 GMT

Companies in the first three months of 2023 leased around 200,000 square meters of logistic and industrial spaces, with demand mainly coming from production firms, FMCG and logistic operators, in line with data provided by real estate consultancy Cushman & Wakefield Echinox.

Aquila Part Prod Ends Q1/2024 with RON624M Revenues, Up 11% Vs Q1.2023. Net Profit Drops 26% To RON19.6M

Thu, 09 May 2024 06:49:11 GMT

Aquila Part Prod Com, an entrepreneurial company providing distribution and logistic services for the consumer goods market, ended the first quarter of 2024 with 11% higher revenues than in the year-earlier period, at RON624 million, while profit shrank by 26% to RON19.6 million.

Paper Bag Maker Barleta Invests EUR2 million in Printing Machine

Thu, 09 May 2024 06:36:04 GMT

Bacau-based Barleta, a producer of paper bags for major supermarket chains, fast-food restaurant chains and bakery businesses, has invested EUR2 million in a printing machine.

Axes Software 2023 Turnover Up 12% YoY To Nearly RON10M In 2023

Wed, 08 May 2024 22:27:15 GMT

Romanian company Axes Software, specialized in developing software solutions for the logistics sector for over 18 years, ended 2023 with a turnover of RON9.7 million (nearly EUR1.9 million), up 12% versus 2022, below its initial target for a nearly 20% increase, in line with finance ministry data.

US Company PDQ Pays Over EUR20M To Acquire Romania's CODA Intelligence

Wed, 08 May 2024 21:38:00 GMT

American company PDQ, which provides management solutions for active software, has paid over EUR20 million to acquire the entire package of shares of CODA Intelligence, a Romanian startup specialized in cybersecurity solutions, from its founders and from the two funds which had invested in the project, namely Early Game Ventures and RocaX, several sources familiar with the deal told Ziarul Financiar (ZF) daily.

Road Freight Carrier Criboser Expects Further Growth In 2024

Wed, 08 May 2024 20:18:23 GMT

Oradea-based Criboser, the second most dynamic road carrier in Romania by revenue in 2022, expects business to grow this year after buying 20 more trucks to carry goods from Belgium, Germany and the Netherlands.

Dairy Producer Carmo-Lact Prod's 2023 Turnover Up 19% YoY To RON250M

Wed, 08 May 2024 20:13:26 GMT

Carmo-Lact Prod, the company based in Bistrita-Nasaud, which makes the Monor dairy products, had a turnover of RON249 million in 2023, up 19% on the year, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.

Deloitte Romania Assists PIB Group In Entering Romanian Market Via Acquisition Of STEIN Bestasig Insurance Broker

Wed, 08 May 2024 19:39:40 GMT

Deloitte Romania has assisted PIB Group Ltd, one of the leading insurance brokerage companies, with its headquarters in UK, in its entry on the Romanian market through the acquisition of STEIN Bestasig, a large player in the local insurance brokerage sector for corporate clients.

Clinicile Dentare Dr. Leahu To Become Regina Maria Dental Clinics

Wed, 08 May 2024 19:33:12 GMT

Dr. Leahu, the brand of dental clinics created by doctor Ionut Leahu 14 years ago, is going through a rebranding process and will take the name of the Regina Maria network, which bought 51% in the company in 2023. The new brand will be Regina Maria Dental Clinics, starting mid-May.

Lensa Revenue Up 54% To More Than RON207M In 2023

Wed, 08 May 2024 18:56:57 GMT

Lensa, one of the most important players in the Romanian eyewear market, recorded last year revenues of more than RON207 million, up 54%, and reached a network of 81 stores, after opening 47 in 2023.