Reporter
Cristina Bellu
- Fields
- Companies, Banks-Insurance, Real Estate
- Writing for ZF since
- 2021
- Articles
- 1.012
Oil Terminal 2023 Profit Up 23.2% To RON14.2M
Romanian state-owned port operator Oil Terminal, 87.7% controlled by the Romanian state, ended 2023 with net profit of RON14.2 million, up 23.2% year-on-year.
Visual Fan Raises Stake in Intervision Trading to 70%
Visual Fan, owner of Allview brand, has boosted its stake in Intervision Trading, the distributor of AKAI brand in CEE, to 70%, after taking over another 9% of the company’s shares.
Finance Ministry Launches New Edition of TEZAUR T-Bills Program
The Finance Ministry starting Monday, February 12 launched a new edition of the TEZAUR Treasury bills (T-bills) program for the general population.
Law Firm Filip & Company Assists Banca Transilvania in OTP Bank Romania Acquisition for EUR347.5M
Filip & Company team granted legal assistance to Banca Transilvania in the signing of documents for the acquisition of OTP Bank Romania, OTP Leasing and OTP Asset Management.
ROCA Industry Completes Acquisition of 70% Stake in Workshop Doors in RON30M Deal
Building materials holding ROCA Industry has completed the purchase of 70% in the share capital of Workshop Doors for RON30 million.
C&W Echinox: Bucharest Office Leasing Market Expands by 43% in 2023 YOY To over 463,000 Sqm
The office area traded in Bucharest in 2023 increased by 43% against the previous year, to over 463,000 square meters, also breaking the 2019 record of 390,000 square meters, in line with da...
BRD Wants to Distribute Dividends with 7.7% Yield
BRD SocGen, the third largest banking institution in Romania by assets, is set to convene its shareholders on April 25 to vote on the distribution of 60% of its 2023 net profit under the for...
BRD 2023 Profit Up 27% YOY amid 13% Higher Revenues
BRD-SocGen, the third largest bank on the local market by assets, in 2023 generated RON1.63 billion net profit, 27% higher than in 2022, amid RON3.7 billion revenues, up 13%.
Bulgaria’s VC Firm Eleven Launches New Round of Alpha Program
Bulgaria’s venture capital firm Eleven Ventures, focused on pre-seed and seed investments in Southeastern Europe, has launched the second edition of Eleven Alpha, a three-month program addre...
Glodeni Energy Borrows over RON82M from Libra Internet Bank to Build 53 MW Solar Parks in Mures
Libra Internet Bank granted RON82.7 million funding to Glodeni Energy, part of the portfolio of DTEK Renewables International (DRI), a private energy investor of Ukraine, for the constructio...
Romania Employers Posted over 26,000 Jobs in Early 2024. 5% Were Remote Ones, Half the Early- 2023 Level
Employers have posted more than 26,000 jobs since the start of the year and of these, almost 5% have been remote ones, half the level of the year-earlier period, reveals an analysis by eJobs...
Online Retailer evoMAG Budgets EUR0.5M Investment, Up To 20% Turnover Growth for 2024
Online retailer evoMAG, controlled by entrepreneur Mihai Patrascu, has budgeted investments worth around EUR0.5 million for the current year, flat from 2023, with a focus on boosting logisti...