Hidroelectrica assures investments will continue despite 100% payout ratio
The CEO of Romanian hydropower group Hidroelectrica (BVB: H2O), Karoly Borbely, assured that despite the 100% dividend payout ratio proposed by the management, the company has enough resources (...)
Mar 29, 2024
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Lebanese investors buy 50% of Romanian mineral water bottler Aqua Bilbor
Maria group, controlled by Lebanese investors, will take over 50% of the Romanian mineral water bottler Aqua Bilbor for a price of EUR 12 million after the national competition body greenlighted (...)
Mar 29, 2024
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Romania tweaks energy capping scheme and prolongs it until March 2025
Romania will keep the electricity and natural gas price capping scheme for another year, until the end of March 2025, under an emergency ordinance passed on March 28. Some parameters of the (...)
Mar 29, 2024
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Romania’s Govt. endorses EUR 450 mln grant scheme for underdeveloped regions
The Romanian government approved on March 28, at the proposal of the Ministry of Finance, a state aid scheme that provides grant financing for investments with a major impact on the Romanian (...)
Mar 29, 2024
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Faist Eyes 10% Higher Turnover In 2024, Up To EUR55M
Telekom infrastructure and automotive industry component supplier Faist Mekatronic, part of British group Faist, has budgeted a 10% increase in turnover for 2024 vs 2023, up to EUR55 million, as (...)
Mar 29, 2024
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Aquila Part Prod Com Seeks To Distribute RON85M Dividends From 2023 Profit: Yield Of 5.9%
Aquila Part Prod Com (AQ.RO), the market leader in the field of integrated distribution and logistics services for consumer goods, has called shareholders for an April 19 meeting to vote, among (...)
Mar 29, 2024
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123 Form Builder Ends 2023 With Net Profit Of RON6M vs RON0.4M In 2022
Timisoara-based 123 FormBuilder, a cloud-based web form builder that enables businesses of all sizes to create surveys, forms, quizzes and polls, ended 2023 with net profit of RON6.3 million, up (...)
Mar 29, 2024
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Retailer Coralia Com Ends 2023 With EUR14.1M Turnover, Up 8.1% YoY
Sighisoara-based Coralia Com, held by entrepreneurs Ovidiu Moldovan an Dan Per?e, reported a turnover of nearly RON70 million (EUR14.1 million) for 2023, up 8.1% on the year, as per calculations (...)
Mar 28, 2024
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IKON Trading's 2023 Turnover Up 13.8% YoY To RON23.6M
IKON Trading, a distributor of professional products for beauty salons in Romania, reported a turnover of RON23.6 million (nearly EUR4.8 million) for 2023, up 13.8% from RON20.7 million (EUR4.2 (...)
Mar 28, 2024
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Competition Council Approves Takeover Of Aqua Bilbor By Agro-Chirnogi SA Group And Maria Trading
Romania's Competition Council approved the transaction whereby Prime Capital Invest SRL and the group that includes Agro-Chirnogi SA and Maria Trading SRL intend to take over Aqua Bilbor SRL.
Mar 28, 2024
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Computer Generated Solutions Romania Seeks 196 People For Its Brasov Center
Computer Generated Solutions Romania, the largest outsourcing provider in the local market, currently has 196 jobs available for customer service agents at its Brasov center, according to the (...)
Mar 28, 2024
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Energy Ministry Calls Nuclearelectrica Shareholders To Approve Partnership With DSPE BETA Private Equity Fund
Romania’s only nuclear power producer Nuclearelectrica (SNN.RO) on Thursday notified the Bucharest Stock Exchange that its majority shareholder, the Energy Ministry wanted several items added to (...)
Mar 28, 2024
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Euromoney: Raiffeisen Bank, The Best Provider Of Private Banking Services In Romania
Raiffeisen Private Banking, the division of Raiffeisen Bank, was named the best wealth management service in Romania at this year's edition of the Euromoney Global Private Banking Awards, the (...)
Mar 28, 2024
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Denisa Simion, Deloitte Romania. Fraud Prevention: Key Investment For Business Success
Fraud prevention in corporate settings is not necessarily a matter of policies and procedures, but it is about cultivating a culture of integrity and vigilance among employees.
Mar 28, 2024
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Porsche Romania Delivers 300 EV Charging Stations To Eldrive Romania
Eldrive Romania and MOON Power, part of Porsche Romania, the general importer of Volkswagen, Audi, Seat, Cupra, Skoda, Das WeltAuto brands, have signed a contract worth over EUR5 million, for (...)
Mar 28, 2024
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Romania vows to support Moldova’s European path as Moldovan companies are looking to access Western investors through the Bucharest Stock Exchange
Romania is firmly committed to supporting Moldova’s European path and the Bucharest Stock Exchange can help strengthen the economic cooperation between the two countries allowing Moldovan (...)
Mar 28, 2024
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Cooperation Between Romanian And Moldovan Capital Markets Backed By High Government And Private Sector Reps
The cooperation with the authorities and the private sector in Romania is essential for the transformation of the capital market in the Republic of Moldova into an engine of economic growth and (...)
Mar 28, 2024
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