As approved by the shareholders meeting on May 28, Romanian real estate group One United Properties (BVB: ONE) will issue 1.75 billion new shares at a price of RON 0.2 (23% of current market price) preferentially to the company’s shareholders as of August 6, under a capital increase that would bring it RON 350 million (EUR 70 million) aimed at financing further projects.
The existing shareholders at that date will get new shares at a rate of 1 to 2.19, based on the number of existing...
RCBB Gruppe, a leading company in the field of construction and site management, announces the successful completion of two major projects in Bacău County: the new school building of the “Sfântul Iosif” Catholic National College in Bacău city and the Balneo-Tourism Complex in Sărata (opening photo). Both projects were delivered on time and in full […]
Lia Savonea, currently serving as a judge at the High Court in Romania, is the only candidate for the top seat in the institution in a selection process initiated by the Superior Council of Magistracy four months before the end of the term currently held by Alina Corbu. The timing, the absence of other candidates, […]
The Romanian Court of Auditors has completed an audit of national electricity transmission operator Transelectrica (BVB: TEL) for the period 2020–2022, uncovering irregularities in salary payments and delays in infrastructure projects, Ziarul Financiar reported on June 17. According to the audit...
Turkish construction and infrastructure company CCN has been awarded the contract to build the Regional Emergency Hospital in Iași, following a re-evaluation of bids by Romania’s National Agency for Health Infrastructure Development (ANDIS),
Romania is set to see prices rise in July as several governmental measures limiting costs will be removed, while taxes will be hiked. Energy and food will be among those becoming more expensive. The fiscal measures that the new Government is expected to announce will come into effect in two stages: some starting from July […]
Auto parts manufacturer Forvia, the group formed by the merger of Faurecia and Hella, is closing its development center in Iași, northeastern Romania. A number of 74 employees will be affected by voluntary layoffs, the company confirmed to
