Articles 1 - 25 of 1701 by " Cristina Bellu"
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Romania Forex Reserves Shrink To EUR62.5B In April 2024
joi, 20:23
Romania's foreign exchange reserves stood at EUR62.5 billion at the end of April 2024, lower by EUR1.7 billion compared with EUR64.2 billion on March 31, 2024, central bank data showed on Thursday more
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BT Leasing Transilvania IFN Hits RON149M Net Profit in 2023, Up 90% YOY
joi, 14:00
BT Leasing Transilvania IFN, the financial leasing arm of Banca Transilvania group, ended 2023 with net individual profit of RON149 million, up 90% year-on-year, amid net interest income of RON166 more
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Raiffeisen Bank Romania Ends Q1/2024 with RON390M Net Profit, Down 5.7% from Q1/2023
joi, 09:10
Raiffeisen Bank Romania, the sixth largest bank by assets in Romania, ended the first quarter of 2024 with RON390 million net profit, down from RON414 million in the year-earlier period, as a result more
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Meta Estate Trust Shareholders Approve Distribution Of 2023 Profit
29 apr 2024
Meta Estate Trust, (MET.RO), a holding company in the real estate sector, has secured shareholder approval for distributing the 2023 profits as bonus shares to investors through a capital increase of more
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European Commission Approves EUR95M Romanian Restructuring State Aid For TAROM
29 apr 2024
The European Commission has approved, under EU State aid rules, Romania's plans to grant its state-owned flag carrier TAROM restructuring aid of up to EUR95.3 million (RON473.69 million). The measure more
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Prima Development Group Buys 6-Ha Land Plot from Immofinanz in Northern Bucharest to Build over 2,000 Apartments
29 apr 2024
Prima Development Group, a real estate developer of Oradea, signed for the acquisition of an over 6-ha land plot in Bucharest’s Soseaua Gheorghe Ionescu Sisesti, part of the portfolio of Austrian more
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CFA Analysts Forecast 2.7% Economic Growth, 5.4% Budgetary Gap in 2024. Inflation Expected to Average 5.33%, Leu to Reach 5.0419 Units/Euro in Next 12 Months
26 apr 2024
Financial analysts part of CFA Romania association estimate the Romanian currency will decline to an average exchange rate of 5.0419 units/Euro in the next 12 months, while the inflation rate will more
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Finance Ministry Raises RON1.39B From Banks On April 25
25 apr 2024
Romania's Finance Ministry raised RON1.39 billion from banks on Thursday (April 25), selling government paper in two auctions, at annual average yields of 6.24% and 6.82%, respectively. more
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PepsiCo Installs over 1,300 Photovoltaic Panels on Romania Plants in $2.1M Investment
25 apr 2024
PepsiCo, a major player on the snacks and beverages market, has completed works to install over 3,000 photovoltaic panels on Dragomiresti, Popesti-Leordeni and Covasna plants, in the wake of a total more
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Hagag Development Appoints Ana-Maria Nemtanu Director Of Leasing
23 apr 2024
Real estate developer Hagag Development has appointed Ana-Maria Nemtanu, who has 17 years of experience in the local real estate industry, director of leasing, a position from which she will be more
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Colliers: Demand For Strategic Land On The Rise In Romania
23 apr 2024
Demand for land considered strategic and available at lower prices than in a very active market is on the rise in Romania, and the trend is drawing the attention of major developers looking to cement more
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Popeyes Set to Open Restaurant Outside Bucharest
23 apr 2024
Popeyes, the US restaurant chain that arrived in Romania in the spring of 2022, in a franchise system, will open a new unit in Pitesti, the first city the company has chosen to bet on locally after more
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Reff & Asociatii | Deloitte Romania team assists Expo Market Doraly owners in sale to Belgium’s WDP
19 apr 2024
A multidisciplinary team of lawyers from Reff & Asociatii | Deloitte Legal and financial and tax consultants from Deloitte Romania assisted the owners of Expo Market Doraly, Gheorghe Iaciu and the more
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ROCA Agri RDF Appoints Bodan Vlad CEO
19 apr 2024
ROCA Agri RDF, the agricultural holding company of ROCA Investments, has appointed Bogdan Vlad chief executive officer, after the end of the term of interim CEO Alexandru Savin, who will continue to more
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Romania Ends 2023 With 5.6% Unemployment Rate, Same As In 2022
19 apr 2024
Romania ended 2023 with a 5.6% unemployment rate (455,600 people), about the same as in 2022 and 2021, as the employment rate for people aged 20-64 stood at a 68.7%, an increase of 0.2% year-on-year, more
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New Car Registrations in Romania Down 10.1% in Q1/2024 YOY
18 apr 2024
New car registrations in Romania declined by 10.1% in the first three months of 2024 against the same period of 2023, to 33,228 units, in line with data from the Romanian and European associations more
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IMF Sees Romania’s GDP Growth At 2.8% And Inflation At 6% In 2024
16 apr 2024
International Monetary Fund (IMF) has revised its actual economic growth forecast for Romania downwards to 2.8% in 2024 from the 3.8% estimated in the October 2023 forecast, its latest “World more
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Premier Energy Completes CEZ Vanzare Acquisition
16 apr 2024
Premier Energy group, owned by Czech investment fund Emma Capital, founded by Czech entrepreneur Jiri Smejc, has completed the acquisition of CEZ Vanzare, in the wake of which the regional client more
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Greece’s PPC Teams Up with Mytileneos Energy & Metals to Develop Solar Project Portfolio in Romania, Italy, Bulgaria and Croatia
15 apr 2024
Greek group Public Power Corporation (PPC), which in 2023 took over Enel Romania assets, has signed a strategic cooperation agreement with Mytilineos Energy & Metals to develop and build a portfolio more
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Law Firm Filip & Company Assists Major One United Properties Shareholders in Sale of 234 Million Shares
15 apr 2024
Law firm Filip & Company granted legal assistance for four significant shareholders in One United Properties, namely co-founders Andrei Diaconescu (via OA Liviu Holding Invest) and Victor Capitanu more
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54% Of Space Leased By Transilvania Constructii Clients Is Used For Warehousing And Distribution
10 apr 2024
More than half (54%) of the total area leased by the Cluj-based company Transilvania Constructii in the TRC Parks logistics projects it develops and manages is used for warehousing and distribution, more
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Agroland Business System Budgets RON15M Additional Investment for Mihailesti Platform
10 apr 2024
Agroland Business System, a Romanian retail, farming and food entrepreneurial group, has budgeted additional investments of around RON15 million in 2024 mainly targeting the Mihailesti poultry more
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Competition Watchdog Okays Zabka Acquisition of Majority Stake in DRIM Daniel Distributie FMCG
10 apr 2024
Romania competition council has greenlighted the deal whereby Polish retailer Zabka, together with Radu Trandafir, Ioana Ionitescu intend to take over Romania consumer goods wholesaler DRIM Daniel more
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5 To Go Set To Enter Bulgaria, Expand To 650 Coffee Shops In Romania In 2024
9 apr 2024
Romanian coffee shop chain 5 to go, launched on the market less than a decade ago, recorded a 48% year-on-year increase in sales in the first three months of 2024 and overshot the 550-location mark in more
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Altius Leases 5,400 Sqms in ELI Park 4
9 apr 2024
Altius, a veterinary medicine company controlled by Marius Diaconu, together with PetMart, a business operating on the segment of online wholesaler of pet products, have leased 5,400 square meters of more