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Cometex, The Real Estate Division Of Altex Group, Opens Retail Park In Ramnicu Valcea In Over EUR11M Investment

Wed, 29 Nov 2023 22:25:05 GMT

Cometex, the real estate division of Altex Group, the leader of the Romanian electro-IT market and one of the three leading Romanian entrepreneurial companies, will be opening the Cometex Retail Park on November 30, in Ramnicu Valcea.

INS: Romania Building Permits Down 8.8% YoY In October 2023

Wed, 29 Nov 2023 21:58:00 GMT

Romanian authorities issued 3,002 residential building permits in October 2023, 2.6% fewer than in September 2023 and 8.8% fewer than in October 2022, data from the country’s statistics board INS showed on Wednesday (Nov 29).

Electrica Attracts New Non-Reimbursable Financing Worth EUR17.4M Through Modernization Fund

Wed, 29 Nov 2023 21:54:17 GMT

Electrica (EL.RO), an electricity supply, distribution and generation company, has announced shareholders and investors in a stock market report that its subsidiary Distributie Energie Electrica Romania (DEER) attracted another non-refundable European financing through the Modernization Fund in the amount of EUR17.36 million.

Visual Fan Posts RON3.3M Net Profit, RON64M Revenue In Jan-Sep

Wed, 29 Nov 2023 20:41:51 GMT

Electronics manufacturer Visual Fan (ALW.RO), which owns the Allview brand, ended the first nine months of 2023 with RON64.3 million revenue for the entire group, down from RON78.5 million in the same time in 2022, as well as RON3.3 million net profit, down from RON4.6 million in the previous year, and a net profit margin of 5.11%.

Agroserv Mariuta Posts RON59.8M Sales, RON1.5M Loss In Jan-Sep

Wed, 29 Nov 2023 19:47:19 GMT

Agroserv Mariuta (MILK.RO), a Romanian agribusiness company and owner of the Laptaria cu Caimac brand, posted RON59.8 million sales in the first nine months of 2023, an increase of 9% on the year ago period and RON1.5 million net loss, 57% lower than last year.

Rompetrol Rafinare Completes $6.5M Investment In Modernization Of New Tanks In Storage Park Of Petromidia Navodari Refinery

Wed, 29 Nov 2023 18:41:47 GMT

Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), has announced in a stock market report on Nov 29 that it completed the modernization of two new tanks in the storage park of the Petromidia Navodari refinery.

Banca Transilvania Raises EUR500M Via MREL Bonds From International Market

Wed, 29 Nov 2023 17:19:45 GMT

Banca Transilvania (TLV.RO) financial group has again tapped international markets, raising EUR500 million via MREL (minimum requirement for own fund and eligible liabilities) bonds due in five years at a 7.25% coupon.

EMI Group Concludes Partnership With Romanian Firm KADRA For Process Optimization

Wed, 29 Nov 2023 17:10:57 GMT

EMI Group, a top European provider in the field of industrial access solutions has concluded a partnership with Romanian company KADRA, the leading provider of integrated solutions for automation and access management in Romania, through which the two firms will optimize their processes.

More Than 25% In Dairy Producer Bonas Change Hands In Two Deals

Wed, 29 Nov 2023 16:00:25 GMT

A total of 3.1 million shares of Cluj-based dairy producer Bonas Import Export (BONA.RO) changed hands in two deals on the Bucharest Stock Exchange on Wednesday.

OMV Petrom Partners Up With Vulcangas Romania To Open First LNG And CNG Filling Station In Petrom Network

Wed, 29 Nov 2023 14:56:57 GMT

OMV Petrom, the largest integrated energy company in Southeastern Europe, has announced in a stock market report on Nov 29 that it has entered into a partnership with Vulcangas Romania for opening liquefied natural gas (LNG) and compressed natural gas (CNG) filling stations.

Canada Goose Acquires Operating Assets Of Romanian Firm Paola Confectii Manufacturing

Wed, 29 Nov 2023 12:46:34 GMT

Luxury apparel manufacturer Canada Goose has purchased the operating assets of Romanian clothing company Paola Confectii Manufacturing from Titu (Dambovita County), the local partner of Canada Goose, marking its first acquisition in Europe.

eJobs: 140,000 Foreigners Likely to Come to Work in Romania in 2024, Up 40% YOY

Wed, 29 Nov 2023 08:50:53 GMT

The number of foreigners who will be able to come to work in Romania in 2024 is likely to reach 140,000, up 40% from the threshold admitted for this year, namely 100,000.

Iproeb Bistrita Jan-Sept 2023 Net Profit Down 28%

Wed, 29 Nov 2023 08:07:11 GMT

Iproeb Bistrita, one of the largest local manufacturers of electrical cables and conductors, posted RON11 million net profit in the first nine months of 2023, 28.3% lower than in the same period of last year.

Nuclearelectrica Signs CAD781M Contract With Canada's AtkinsRealis For Retooling Unit 1 At Cernavoda Nuclear Power Plant

Tue, 28 Nov 2023 22:51:16 GMT

Romanian state-run nuclear power producer Nuclearelectrica (SNN.RO) has informed the capital market in a report on Nov 28 that it signed a contract worth 781 million Canadian dollars (equivalent of EUR523 million) with Canadian firm AtkinsRéalis for the supply of reactor tooling and components, as well as engineering services and technology, in support of the life extension of the CANDU reactor of Unit 1 at Cernavoda Nuclear Power Plant (Cernavoda NPP).

Nuclearelectrica Makes RON250M Deposit With CEC Bank At 4.4% Interest

Tue, 28 Nov 2023 21:14:54 GMT

State-run nuclear power producer Nuclearelectrica (SNN.RO) said in a stock market report on Nov 28 that it made a deposit of RON250 million (CAD75 million) with state-run lender CEC Bank.

Romanian Venture Capital Firm Cleverage VC, Among Investors In Czech Medtech KARDI AI

Tue, 28 Nov 2023 20:55:14 GMT

Romanian venture capital (VC) firm Cleverage VC, founded three years ago and specialized in medtech investments, has invested in Czech startup KARDI AI, alongside several VCs and angel investors, the startup representatives said in a statement.

HILS Development Builds 5,000-Apartment Complex In Republica Area In Bucharest

Tue, 28 Nov 2023 20:49:29 GMT

HILS Development, the real estate development company of Ionut Negoita, brother of Bucharest’s Sector 3 mayor, has started an urban regeneration project in the Republica area of the city, on the former industrial site Faur-Republica, where it is building a 5,000-apartment complex.

Dairy Producer Bonas Switches To Profit In January-September 2023

Tue, 28 Nov 2023 20:12:16 GMT

Cluj-based dairy producer Bonas Import Export (BONA.RO), listed on the AeRO market of the Bucharest Stock Exchange, ended the first nine months of 2023 with a net profit of half a million lei, the company said in its quarterly financial report published at the Bucharest Stock Exchange.

Mobexpert Takes Concept Store Format To Ramnicu Valcea

Tue, 28 Nov 2023 20:07:49 GMT

Furniture retailer Mobexpert will open a new concept store in Romania, in Ramnicu Valcea, on Thursday (November 30), following an about EUR700,000 investment. The retailer inaugurated two other such stores this year, in Piatra Neamt and Targoviste.

IFC Lends Up To EUR50M To UniCredit Leasing

Tue, 28 Nov 2023 19:24:04 GMT

International Finance Corporation (IFC), part of World Bank, is granting an up to EUR50 million loan to UniCredit Leasing Corporation (UCLC), a subsidiary of UniCredit Bank Romania and member of Italy’s UniCredit Group to expand the range of products for green energy and improve competitiveness on the market of climate project funding.