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State-run national gas transmission system operator Transgaz (stock symbol: TGN) has acquired a 51% ownership stake in Petrostar Ploiesti, through a share capital increase of RON4.5 million, Transgaz has announced in a stock market report on May 27.
Marius Dorner has been promoted to a global role inside world banking giant Citi, Global Head of Network Origination. He is one of the Romanians with the most spectacular rises inside a world banking giant.
Romania's finance ministry has approved state aid of RON1.01 billion for nine investment projects submitted between July 29 - September 9, 2024 under a state aid scheme established through Government Decision no. 300/2024 targeting regional development.
German cleaning equipment manufacturer Kärcher has recently inaugurated its third factory in Romania, located in Curtea de Arges, through its local production subsidiary, CER Cleaning Equipment.
Perla Harghitei, one of the leading players in the Romanian mineral water market, ended 2024 with a turnover of EUR38.5 million, up 26% year-over-year, due to consolidating its commercial team, expanding sales channels and investing in operational efficiency, according to company representatives.
HEINEKEN Romania announces that Boris Miloushev will be taking control of the local operations, effective July 1, 2025.
GapMinder Fund II, an investment fund dedicated to tech companies, has announced an EUR2 million seed investment in SalesTools AI, a company that uses AI to boost business-to-business sales via autonomous digital agents that have a similar role to that of a copilot.
The growth pace of Romania private lending slowed down to 8.7% at the end of April against the year-earlier period, after 9.2% in March, with the total amount reaching RON425 billion, after RON-denominated loans rose by 10.9% and foreign currency ones by 3.7%, in line with central bank data.
Population and company deposits in April 2025 reached a total of RON629.5 billion, up 6.8% from the year-earlier period (1.8% in real terms), after local currency deposits rose by 5.7% and foreign currency ones by 9.4%, in line with central bank (BNR) data.
Romania financial watchdog ASF has signed the contract for the funding of its digital transformation project, totally worth RON96.4 million, of which RON72.2 million represents funding via ERDF (European Regional Development Fund) and RON24.1 million national contribution.
Sighetu Marmatiei-headquartered Plimob, a major supplier for Swedish concern IKEA, in 2024 registered turnover worth RON212.6 million (EUR42.7 million), up 4.2% from 2023, in line with ZF calculations based on Finance Ministry data.
Euro Auto Plastic System, the local subsidiary of French giant Faurecia, for 2024 reported turnover of RON643.7 million (EUR129.4 million), up 30% from the previous year, in line with ZF calculations based on Finance Ministry data.
Construction company CML.RO, owned by entrepreneurs Mihaela and Vasile Ros, for 2024 reported turnover worth almost RON182.3 million (EUR36.6 million), slightly down, by 1.8%, from 2023, in line with ZF calculations based on Finance Ministry data.
Grup Serban Holding, a Romanian-held group of firms operating in agriculture and food industry, has an investment budget of over EUR80 million, from a syndicated loan, non-reimbursable funds and reinvested profit.
Arctic Stream (AST.RO), an integrator of IT infrastructure and security, controlled by entrepreneur Diaconu Dragos Octavian, on Monday evening notified the Bucharest Stock Exchange of having bought 50.2% in ITPrepared, which specializes in managing IT infrastructures, from Bittnet.
Expanded polystyrene for thermal insulation and packaging manufacturer Hirsch Porozell, part of Austria's Hirsch Servo Group, posted RON197.3 million (EUR39.6 million) revenue in 2024, up slightly by 2.7% from the previous year’s RON192.1 million (EUR38.8 million), according to ZF calculations based on Finance Ministry data.
Fuel trader Votrom, controlled by the Tulvan family from Oradea, posted RON722.3 million (EUR145.2 million) revenue in 2024, down 6% from the previous year’s RON768.8 million (EUR155.4 million), Finance Ministry data show.
EnergoBit, one of the most powerful entrepreneurial businesses in the energy sector in Romania, which operates in the equipment and services area, ended last year with EUR110 million revenue, its officials say.
New three-room apartments in Bucharest are almost EUR34,000 cheaper than the old ones on average, reveals an analysis of real estate platform Storia. The same goes for other big cities such as Iasi and Brasov, where recently built homes can be more affordable than the old ones.
Vegetable oil producer Argus Constanta (stock symbol: UARG), held by Infinity Capital, has informed investors on May 26 about the sale of a package of 699 shares or 13.9% of the share capital of Aliment Murfatlar SRL, with the total value of the transaction reaching RON4.4 million.19793 items