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Alfred Simonis, the acting president of the Chamber of Deputies, also signed on July 10 the memorandum of understanding on solutions to create a green belt around Bucharest and combat the worrying air pollution in the capital city and beyond. His signature was the last one needed to bring together all the relevant political leaders…

AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, announces the successful completion of its capital increase operation on July 10, 2024, through which it raised 28.7 million euros. The process consisted of two stages – the first, in which existing shareholders subscribed on the basis of preference rights,…

Romanian technology group Simtel Team (BVB: SMTL), currently traded on the alternative market AeRO of Bucharest Exchange, was accepted on the main trading floor.  The capitalisation of the company reached RON 413 million (EUR 83 million) after its shares rose by 64% over the past year.  Simtel Team has been listed on the AeRO market…

Portland Trust, one of the largest developers of office buildings in Romania, received the building permit for its first data center, which will be built on a plot of land in the western part of Bucharest (Preciziei), according to Profit.ro.  The building, placed on a plot of land with an area of ​​about 4 hectares…

Natural gas producer and supplier Romgaz (BVB: SNG) announced on July 10, in a note to investors, that the company has amended a sales-purchase agreement with Engie Romania, the largest gas distributor in Romania, as a result of the decrease in energy prices. Following the change in the legislative framework (the price capping mechanism for…

The Spanish subsidiary of Romania’s quadruple play telecom group Digi Communication (BVB: DIGI) announced it signed a 16-year contract with Spanish Telefonica Moviles Espana to share the mobile spectrum owned by them in Spain, in the 3.500 MHz frequency band for 16 years starting January 2025, in addition to the existing MVNO agreement under which…

Consumption expenditures per household in Romania rose by 10.7% y/y to RON 4,100 (EUR 820) in Q1 – faster than the 7.1% y/y average consumer price inflation. The households were able to boost discretionary expenses (not a large part of their budgets) much quicker, as the prices of food and utilities were kept under control…

Romania’s trade deficit (goods only) widened by nearly 33% y/y in April-May, as exports contracted by 2.1% y/y while imports increased by 5.3% y/y, according to data published by the statistics office INS. The short-term dynamics reflect the industry’s modest performance and the robust private consumption (retail sales), while from a broader perspective, the country’s…

South Korea’s defense company Hanwha Aerospace said in a recent press release that it won a USD 1 billion order from Romania to supply self-propelled howitzers. The deal is Romania’s largest arms acquisition in seven years and includes 54 K9 howitzers, ammunition, and 36 K10 resupply vehicles.  The South Korean arms procurement agency, Defense Acquisition…

Runway 2 and the rapid exit taxiways at Henri Coandă International Airport are operational again following the completion of modernization works worth RON 107 million (EUR 21.5 million), according to the Bucharest Airports National Company (CNAB).  The investment, which involved extensive work on the five taxiways associated with Runway 08L-26R for takeoff and landing, is…