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.
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.
Eleven programmes financed through the second Swiss Contribution, with a total value of around CHF 221.5 million (€240 million), are now in implementation in Romania.
OMV Petrom concluded a sales contract with OMV Downstream GmbH, a fully owned subsidiary of OMV AG, for part of the Sustainable Aviation Fuel (SAF) and Hydrotreated Vegetable Oil (HVO) to be produced at the Petrobrazi refinery.
Raiffeisen Asset Management (RAM) manages around 15% of the financial assets of Raiffeisen Group's individual clients in Romania, almost double the market average.
PPC Blue Romania, part of the PPC group in Romania, has signed a partnership with Dedeman, a Romanian-owned DIY retailer, for the installation and operation of electric vehicle charging stations across Dedeman's national store network, both existing and future locations.