Romania: EC clears EUR 100mn grant Romania gives to Nokian Tyres for its (...)

August 14, 2024

EC clears EUR 100mn grant Romania gives to Nokian Tyres for its investment
Aug 14, 2024

EC clears EUR 100mn grant Romania gives to Nokian Tyres for its investment .

The European Commission (EC) on August 13 announced that it approved, under the EU rules on state aid, a EUR 99.5 million (EUR 495 million) extended by Romania to Nokian Tyres. Romania has notified the Commission of its plan to support Nokian Tyres in setting up a new zero-carbon tire factory (...)

[Read the article in Romania Business Insider]

SEE ALSO IN ROMANIAN NEWSPAPERS

Trendyol Gains 500,000 Customers In Eight Months Since Arrival In Romania, Aims For 1M By Yearend Türkiye-based Trendyol, which created a marketplace platform for fashion and other products that can be sold online, has grown to 500,000 customers and 3 million products sold in Romania in eight months since officially arriving on this market. The year-end target is to reach the one million (...)

Nuclearelectrica Extends Provisional Mandate Of Vasile Dascalu As CFO For Two More Months The Board of Directors of nuclear power producer Nuclearelectrica (SNN.RO), the operator of the power plant in Cernavoda, has decided to extend the provisional mandate of Vasile Dascalu as Chief Financial Officer (CFO) for two more months, for the period between September 10, 2024 and November (...)

Simtel Team Reports RON6M Net Profit, RON98.1M Revenues For H1/2024 Engineering and technology company Simtel Team (stock symbol: SMTL), the national leader in the field of renewable energy, reported consolidated operating revenue of RON98.1 million for the first half of 2024, down 20% year-over-year, and consolidated net profit of RON6 million, down 9% versus (...)

Iulius Project On Former Carbochim Site In Cluj-Napoca To Be Called Rivus The urban reconversion and regeneration project in Cluj-Napoca developed by Iulius on the former site of the Carbochim plant will be called Rivus, the group announced. It will have a total lettable area of 165,000 square meters, 145,000 square meters of which for the retail area and 15,000 (...)

Patria Bank Completes Takeover Of RON97M Loan Portfolio From Alior Bank Patria Bank (PBK.RO) announces completion of the implementation of the contract for the assignment of a RON97 milion (as of April 30) personal loan portfolio together with Poland’s Alior Bank, via its Romanian subsidiary, which relinquished the portfolio.

CPI Romania Signed Lease Contracts For 41,500 Sqm Of Office Space In 2024 CPI Romania, part of CPI Property Group, has signed lease contracts for a total area of 41,500 square meters of office space, so far in 2024.

Romania Reports 51.067 Real Estate Deals For August 2024 The number of real estate deals in Romania stood at 51,067 in August 2024, 5,954 fewer than in July 2024 and 8,358 fewer than in August 2023, data from the national cadaster agency ANCPI showed on Tuesday (Sept 10, 2024).