Maib, the largest bank in Moldova, reports solid performance in the first semester of 2024. The net profit reached MDL 694.3 million, equivalent to EUR 36.1 million, a 5.6 percent increase YoY (year-on-year). Giorgi Shagidze, CEO maib: „I am pleased […]
In the first six months, Nuclearelectrica (SNN) obtained a net profit amounting to 843 million RON, down 34.6 percent compared to the same period of last year. Operating profit (EBITDA) decreased by 27.8% compared to the same period last year, […]
Romgaz announced a “considerable advance in strengthening the security of Romania’s critical energy infrastructure” through the successful implementation of an advanced cyber security solution, developed by NS Edge, an US company considered innovative for its cutting-edge technologies in the field […]
Sports HUB, a non-governmental association specializing in the development of programs and events dedicated to sport and education, is establishing its headquarters in YUNITY Park, the office campus owned by Genesis Property. Sports HUB, the initiator of the GO Scholarship […]
Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted AAylex One, one of the leading players in the Romanian food industry and the producer of the Cocorico brand in connection with a EUR 20 million loan facility granted by a syndicate […]
Deloitte Romania assisted the Turkish energy company Entek Elektrik Üretimi A.Ş., primarily engaged in the green energy sector, in acquiring Romanian companies. These include Eco Sun Niculesti S.R.L., which owns permits, some of which are in the application process, for […]
The rate of return (RRR) of energy distribution and transmission operators, for the fifth regulatory period, is 6.94 percent. This will apply from January 1, 2025. According to ANRE president George Niculescu, ANRE is not a brake on investments and […]
In the first half of 2024, Atelierul de Slăbit expanded with a new location within Timpuri Noi Square, a real estate project developed by Vastint Romania, and is preparing to open its fourth and largest beauty center in Bucharest. The […]
METRO Romania announces the appointment of Karan Khurana as the company’s CEO, effective as of the month of August 2024. With over 25 years of experience in international trade, Karan Khurana succeeds Adrian Ariciu, promoted to Executive Vice-President for Eastern Europe […]
The European Bank for Reconstruction and Development (EBRD), together with Eiffel Investment Group, will provide 24.4 million euros funding to INVL Renewable Energy Fund I, a fund investing in renewable energy projects, of INVL Asset Management, a leading alternative asset […]
