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Credit Europe Bank on Monday announced its change of identity to Nexent Bank. This is a strategic move to upgrade and improve the services of the bank, the lender said in a statement.
BT Pensii, part of the Banca Transilvania Group. on Monday announced it would be managing voluntary pension fund FPF BRD Medio from now on, renamed Pensia Mea Plus, after having received approval from the Financial Supervisory Authority (ASF) to take over management of the voluntary pension fund from BRD Pensii.
ING Bank and UniCredit Bank acted as joint coordinators and lead managers in the EUR200 million five-year funding granted to telecom operator Digi Communications to develop its optical fiber networks in Europe.
The Macroeconomic Confidence Index of CFA Romania Association in March rose by 7.3 points to 43.9 points, exclusively on the increase of the anticipations component of the index, while the current conditions component was relatively unchanged.
Early Game Ventures (EGV), one of the most dynamic venture capital funds focused on investments in CEE tech startups, plans to carry out between eight and ten investments of its EUR60 million second fund.
Private equity fund Provectus Capital Partners (PCP), headquartered in Zagreb, Croatia, has entered Romania market by opening an office in Bucharest to cement its regional footprint. The investor also has offices in Ljubljana (Slovenia), Sofia (Bulgaria) and Belgrade (Serbia).
Maspex Romania, a leading player in the beverages and foodstuffs industry, in 2024 generated RON1.25 billion turnover, up around 9% from 2023. The advance is lower than the 2023 one, but the company had continued the series of increases for over a decade.
Romanian conveyor belt maker Artego for 2024 reported turnover worth RON144.8 million (EUR29.1 million), down 11.1% from 2023, in line with ZF calculations based on Finance Ministry data.
Macromex, the biggest player in the frozen foodstuffs sector, in 2024 reached RON894 million turnover, up 15% from 2023. The company’s net profit amounted to RO45 million, 15% higher than in 2023.
Vincent Devloo, area retail manager at Ikea Southeastern Europe, says the group is looking to open stores in smaller cities and test new store formats locally.
Oil drilling company Foraj Sonde (FOJE.RO) in Videle on Friday evening announced on the Bucharest Stock Exchange that it was expanding its presence in the Romanian oilfield services market after acquiring the onshore drilling and workover oilfield services business lines of Tacrom Drilling SRL and Tacrom Services SRL from Germany’s KATT GmbH Group.
Banca Transilvania (TLV.RO) shareholders approved, among others, the distribution of RON1.59 billion dividends from the RON3.5 billion net profit made in 2024, during the general meeting on April 25, the bank said in a report to the Bucharest Stock Exchange.
AUTO ITALIA Group, part of the Samelet Group, has been appointed official importer of the Chery brand in Romania during the Auto Shanghai 2025.
Furniture maker Spectral Mobila SA on Friday inaugurated its 39th Spectral Mobila store in Romania, in Ramnicu Valcea. The new store will be managed by the company directly.
Population and company deposits in March 2025 hit a total of RON629 billion, up 7.9% from the same period of 2024 (2.9% in real terms), after local currency deposits rose by 7.3% and foreign currency ones advanced by 9.3%, in line with central bank data.
Romania private lending in March 2025 registered a 9.2% increase from the year-earlier period, to a total amount of RON423 billion, after RON-denominated loans went up by 10.9% and foreign currency ones rose by 5.3%, in line with central bank data.
Otokar, the defense system producing arm of Türkiye’s largest conglomerate, Koç Group, has signed a joint venture agreement with one of Romania’s leading defense companies, Automecanica S.A. to manufacture locally, in Romania, COBRA II 4x4 ATBTU armored vehicles, thus aiding the development of the country’s defense capabilities.
Rompetrol Rafinare has announced it will restart the Low Density Polyethylene (LDPE) unit at the beginning of May amid rising demand for petrochemical products.
Fast-food restaurant chain McDonald’s, present locally in a franchise system, is accelerating expansion in Romania, aiming to open nine units in 2025.
Danish group Hartmann Packaging, a producer of moulded fibre egg packaging, wants to buy Dentas Romania, a subsidiary of Turkish group Dentas Kagit, which has a plant in Tartasesti, Dambovita county.18957 items