Romanian agribusiness compant Norofert has signed an agreement to acquire a 60% stake in Expert Agribusiness, a local seed producer with indigenous genetics based in Fundulea, Călărași County.
Romanian agricultural solutions company Norofert has signed a commercial contract worth RON 2.1 million (€420,000) with a seed producer and multiplier in Wisconsin, US.
Norofert, the Romanian producer of organic agricultural inputs and biotechnology provider, has started a share capital increase to raise up to RON 9 million (€1.8 million) following approval from the Financial Supervisory Authority.
Romanian agricultural biotechnology company Norofert has officially launched its new fertilizer production line in Chapecó, Brazil.
Following the offer, Norofert issued 69,503 unsecured and non-convertible bonds having a nominal value of RON 100.
This growth was driven by the production and commercialization of agricultural inputs, including results from the USA operations.
The offering will include up to 150,000 nominative, dematerialized, unsecured, and non-convertible bonds, with a nominal value of RON 100 per bond.
Norofert has partnered with Engenutri Group, a top player in agribusiness, with over 25 years of experience in providing innovative solutions for nutrition and plant protection.
The collaboration with IFC supports Norofert in conducting comparative research to evaluate the impact of microbial inputs in soil on carbon emissions and CO2 sequestration.
Norofert announces the start of a production line for inputs and an investment of €250,000 in one of the most important agricultural area in the USA
Tetra Pak and Mega Image, together with partners Maspex, Tomra and Brai Cata, have expanded Europe's first pilot project for collecting carton packaging for beverages and dairy products by installing 12 additional reverse vending machines (RVMs) in Bucharest and surrounding areas.
Romanian restaurant operator City Grill Group has announced a €7 million investment in a new production facility for its ready meals range in Buftea, Ilfov County.
Rețele Electrice Romania, part of the PPC group in Romania, has completed modernisation works for the Obor Station, one of the most complex electricity distribution stations in Bucharest.
AI has become increasingly embedded in employees' day-to-day work over the past year. More than 48% of employees see AI as a tool that simplifies their work; however, many remain concerned about the broader implications of its growing integration, according to a survey conducted by Genesis Property early this year, on a sample of 1,146 employees.
Romania continues to record the highest rate of road traffic fatalities in the European Union, according to the latest figures released by Eurostat.