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Romania's FinMin announces positive budget revision and lower financing cost
The Executive will operate a "positive" budget revision, Romania's minister of finance Adrian Câciu announced after the Government meeting on June 29. But he avoided providing details as regards (...)
Jun 30, 2022
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Broker Goldring Doubles Profit to RON1.5M in 2021
Goldring, one of the most active brokers in terms of flotations on the Bucharest Stock Exchange, ended 2021 with RON1.5 million net profit, an increase of 112.2% on 2020, while revenue went up (...)
Jun 29, 2022
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BCR Joins Raiffeisen Bank as Lender of EUR350M to Romgaz
BCR has joined as lender the loan agreement enabling Romgaz (SNG.RO) to purchase the Exxon stake in the Black Sea gas, Romgaz said in a report to the Bucharest Stock Exchange on Tuesday (...)
Jun 29, 2022
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ICCJ rejects Elena Udrea’s request for suspension of sentence received
Former Minister of Tourism Elena Udrea remains in detention, after the judges of the High Court of Cassation and Justice (ICCJ) rejected, on Wednesday, her request to suspend the serving of the (...)
Jun 29, 2022
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Libra Internet Bank Set To Issue Bonds Worth EUR10M Tops
The Executive Board of Libra Internet Bank, with bonds traded at the Bucharest Stock Exchange under the stock tickers LIBRA28E and LIBRA30E, approved on June 28 the main features for a new bond (...)
Jun 29, 2022
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Orange Romania Acquired Solutions Worth EUR2.2M From Startups In Orange Fab Accelerator
Orange Romania has purchased products and services worth EUR2.2 million in five years of activity from the tech startups included in the Orange Fab accelerator, a EUR2.2 million program of (...)
Jun 29, 2022
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Alumina Producer Alum Tulcea Suspends Production as of August
Alumina producer Alum Tulcea (BBGA.RO), held by aluminum smelter Alro Slatina (ALR.RO), will suspend production in August, according to its activity plan.
Jun 29, 2022
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HELL Energy Invests EUR18M In New Head Office And Warehouse In Mures County
HELL ENERGY, one of the largest players on the energy drinks market, is carrying out an investment of EUR18 million in the Romanian town of Ungheni (Mures (...)
Jun 29, 2022
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President Iohannis: All Romania’s objectives at the NATO Summit have been achieved
President Klaus Iohannis announced on Wednesday that all Romania’s objectives at the NATO summit have been achieved. “This summit is one of the most significant NATO meetings in recent years in (...)
Jun 29, 2022
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APT Changes Name To PROHUMAN APT; Eyes Over EUR70M Turnover At End-2022
APT Group, a top three player in the Human Resources (HR) services market, with revenues of EUR64 million and almost 4000 employees in 2021, has changed its name to Prohuman APT and thus aligns (...)
Jun 29, 2022
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MedLife Group Acquires Majority Stake In Profilaxis Center In Timisoara
MedLife Group, the leader of the private medical services market in Romania, announced on Wednesday (June 29) the acquisition of the majority stake of 80% of the shares of SC M-Profilaxis SRL, (...)
Jun 29, 2022
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Nuclearelectrica Reconnects Cernavoda Unit 1 To National Power Grid
Romania's nuclear power producer Nuclearelectrica (SNN.RO) on Wednesday (June 29) announced that the works related to the planned outage of Cernavoda NPP Unit 1 were completed, and Unit 1 was (...)
Jun 29, 2022
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PAID Set To Raise Share Capital To RON77.37M From RON19.34M
The Romanian Pool of Insurance against Natural Disasters (PAID) has started procedures to raise its share capital to RON77.37 million from RON19.34 million by incorporating the reserves stemming (...)
Jun 29, 2022
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PM Ciuca, Secretary-General of Arab League discuss impact of Russian aggression in Ukraine
Prime Minister Nicolae Ciuca received the Secretary-General of the Arab League, Ahmed Aboul Gheit, who is visiting Romania, with talks revolving around the impact of the Russian military (...)
Jun 29, 2022
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