ZF

Elis Pavaje Set to Have Its Arad Plant Operate at Capacity in 2023

Thu, 26 Jan 2023 20:19:24 GMT

Paver maker Elis Pavaje plans to have its new plant in Arad, which it opened in 2022, operate at capacity this year.

Impact Sets up Construction Company to Handle Its Projects in Moldavia

Thu, 26 Jan 2023 19:48:19 GMT

The management of real estate developer Impact Developer & Contractor (IMP.RO) notified the capital market about the establishment of Impact Alliance Moldova, a construction company responsible for all the group's projects in the Moldavia.

Finance Ministry Raises Almost RON8B From Banks Via Two Govt Bond Issues On Jan 26

Thu, 26 Jan 2023 19:47:30 GMT

Romania's finance ministry raised almost RON8 billion on Thursday (January 26, 2023) through two government bond issues, at annual average yields of 7.39% and 7.10%.

Wizz Air Launches Three New Routes From Romania To Greece And Luxembourg

Thu, 26 Jan 2023 19:10:33 GMT

Wizz Air has announced new routes from Romania’s capital city Bucharest to Luxembourg and Skiathos, and from the country’s western city of Timisoara to Zakynthos.

Colliers: 2023 Will Probably Be A Period Of Rebalancing On Real Estate Investment Segment

Thu, 26 Jan 2023 18:31:28 GMT

The year 2023 will probably be a period of rebalancing on the real estate investment segment, after the record highs in 2022, and the logistics and industrial segment remains one of the most dynamic real estate sectors, according to consultants of real estate consulting firm Colliers.

Safetech Innovations Shares Transferred From SMT AeRO Market To Regulated Market On Feb 6

Thu, 26 Jan 2023 17:30:55 GMT

The Bucharest Stock Exchange has announced that the shares of Safetech Innovations, a company present on the capital market since 2021, will start trading on the Main Market on Monday (Feb 6, 2023), following the transfer from the AeRO market, the equity segment of the Bucharest Stock Exchange’s Multilateral Trading System.

eduKiwi Reports 320% Higher Turnover, Of EUR5.7M, YoY In 2022

Thu, 26 Jan 2023 16:45:00 GMT

eduKiwi, an online course platform launched by digital marketing agency Kiwi based in Romania's western city of Timisoara, reported a turnover of EUR5.71 million in 2022, up over 320% year-over-year, company representatives said in a statement.

Packaging Maker Exonia Seeks to Raise RON30M on Bucharest Stock Exchange

Thu, 26 Jan 2023 16:39:00 GMT

Exonia Holding, a group that includes the biodegradable paper packaging manufacturer by the same name, plans to list on AeRO market of the Bucharest Stock Exchange, following a private placement in September and October this year, says founder and CEO Tiberiu Stoian.

Romania SME Guarantee Fund And ADAA Team Up For SME Support

Thu, 26 Jan 2023 15:57:53 GMT

Romania’s national guarantee fund for small and medium-sized businesses (FNGCIMM) and the Association for the Development of Local Entrepreneurship (ADAA) concluded a collaboration protocol to mutually promote their programs and projects in support of SMEs, entrepreneurs and the entire business environment.

Survey: 8 In 10 Romanians Would Change Jobs For Higher Income And Better Development Opportunities

Thu, 26 Jan 2023 15:04:29 GMT

8 Romanians out of 10 would change their job for higher incomes and better development opportunities, according to a study carried out by Boston Consulting Group, one of the world's largest business consultants, and The Network, supported in Romania by BestJobs, partner of The Network for 12 years.

Wolf Theiss Advises RBI Group On Nine Debt Capital Markets Trades In Austria, Romania And Hungary

Thu, 26 Jan 2023 14:22:53 GMT

Wolf Theiss acted as legal advisor to Raiffeisen Bank International AG (RBI) and its subsidiaries in CEE in nine Debt Capital Markets trades in three jurisdictions, Austria, Romania and Hungary, in the second half of 2022, with a total issue volume of over EUR 2.5 billion.

Study: Over Half Of Romanians Worry About Impact Of Economic Uncertainty On Job Security

Thu, 26 Jan 2023 13:51:32 GMT

Over half of Romanian employees (59%) are worried about the impact of economic uncertainty on their job security, according to the twentieth edition of Randstad Workmonitor.

CFA Analysts Expect 10.2% Inflation, See Leu At 5.06 Units/Euro In Next 12 Months

Thu, 26 Jan 2023 13:11:27 GMT

Financial analysts part of the CFA Romania association expect the Romanian leu will depreciate to an average of 5.0636 units to the euro in the next 12 months, while the annual inflation is seen averaging 10.27% during the same period.

EBRD Granted Total Financing Of EUR709M For 32 Projects In Romania In 2022

Thu, 26 Jan 2023 11:20:00 GMT

The EBRD provided EUR709 million of investments in 32 operations in Romania in 2022, as part of a record EUR13.1 billion at reported rates delivered across the Bank’s regions in 2022.

Deloitte: Real Estate Field Dominated Romania M&A Market in 2022

Thu, 26 Jan 2023 09:17:59 GMT

The biggest number of mergers and acquisitions of 2022 were clinched in the real estate field, with almost 60 of the 157 deals of above EUR5 million reported coming from this area, with a value of over EUR1.7 billion of the estimated market total of EUR6.5-7.5 billion (26%), reveals a Deloitte Romania analysis.

Law Firm Schoenherr si Asociatii SCA Assisted Israel’s Nofar Energy with Acquisition of Slobozia Solar Project

Thu, 26 Jan 2023 07:54:50 GMT

Law firm Schoenherr si Asociatii SCA assisted Nofar Energy with the acquisition of a 73 MW photovoltaic park in Slobozia.

Pharma Group Bioeel Ends 2022 with RON686M Turnover, Up 22% YOY

Thu, 26 Jan 2023 07:45:11 GMT

Bioeel, owned by businessman Albert Attila, founding member, and Jean Scheftsik de Szolnok, a French citizen, in 2022 generated turnover worth around RON686.4 million (EUR139.5 million) at group level, up 22% from the previous year, in line with ZF calculations based on company data.

TeraPlast Set to Invest EUR15M in 2023

Thu, 26 Jan 2023 05:00:00 GMT

Building materials manufacturer TeraPlast, controlled by Dorel Goia, is investing around EUR15 million in a new factory and a photovoltaic plant this year.

Fashion Retailer LPP Leases Space in CTPark Bucharest West

Thu, 26 Jan 2023 05:00:00 GMT

Fashion retailer LPP, owner of five well-known brands such as Reserved, House, Mohito, Cropp and Sinsay, has leased 65,000 square meters of warehouse space in CTPark Bucharest West, the largest logistics park in Central and Eastern Europe serving regional markets.

Dumagas Steps into the Black in 2022

Wed, 25 Jan 2023 22:00:00 GMT

Dumagas, one of the largest freight forwarders in Romania, controlled by the Bancroft private equity firm, ended last year with EUR37 million in revenue and in the black, after making a loss the previous year, its officials say. This year’s revenue estimate is EUR40 million.