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Law firm Filip & Company provided legal assistance to Adrem group in the deal whereby ROCA Investments will take over 20% in stock of Adrem Energy Solutions S.A..
Real estate consultancy Cushman & Wakefield Echinox has assisted law firm Kinstellar, founded in Czechia, during the entire process of Bucharest office relocation to Globalworth Tower.
Agroland Agribusiness, a Romanian entrepreneurial company specializing in farming input sales, posted a RON2 million net profit in 2024, up 90% from 2023.
OMV Petrom, Romania’s sole oil and gas producer, has started building a sustainable aviation fuel (SAF) and renewable diesel (HVO) production unit at the Petrobrazi refinery.
Romanian fintech Bankata, which has developed a platform via which users can compare various types of financial products, has opened a seed-type funding round aiming to raise EUR350,000 with the aid of crowdfunding platform SeedBlink.
Car parts manufacturer Optibelt Power Transmission, the local subsidiary of German group Arntz Optibelt, for 2024 reported turnover worth RON317.3 million (EUR63.4 million), down 2.5% from the previous year, in line with ZF calculations based on company and Finance Ministry data.
Constructii Erbasu, a company owned by Erbasu family, in association with Iasi-based Conest, controlled by Viorel Cozma, have won a contract of around RON421.1 million (EUR84.6 million), VAT not included, with Iasi County Council, for building and equipping the new clinical integrated respiratory diseases hospital of Iasi.
Practic Bucuresti (PRBU.RO), one of the largest owners of retail space in Bucharest, is seeking approval from shareholders on March 25 to pay a gross dividend of RON27 per share from the undistributed 2024 profit.
Holde Agri Invest (HAI.RO), a farmland operator listed on the AeRO market of the Bucharest Stock Exchange, on Tuesday notified it about having received a RON5 million loan from SevenX Ventures, which owns 13.7% in the company.
State-run Nuclearelectrica (SNN.RO), the operator of the nuclear power plant in Cernavoda, on Tuesday notified the Bucharest Stock Exchange of having signed a RON26.7 million contract with Greek-held PPC Energie, one of the largest electricity and natural gas suppliers in Romania to sell power wholesale to it in 2026.
Romania’s economic growth is forecast to pick up gradually to 3.1% in 2025 and 3.6% in 2026, while its public finances will continue to deteriorate, so annual deficits are forecast to remain high at more than 5% of GDP in 2024-2026. Public debt should exceed 50% during the period, a country risk analysis by Allianz Trade shows.
ROCA Investments, a local private equity company, has taken over a 20% stake in entrepreneurial group Adrem, a major player on Romania’s energy services.
Romania pawnbroking market value topped RON2.5 billion in 2024, the equivalent of 25% growth against 2023, says Cosmin Popovici CEO of MAGNOR, the main player on the market, but also the owner of a trading platform for gold and diamond jewelry, electronics, luxury watches and handbags.
AnimaWings, a company owned by brothers Cristian and Marius Pandel, the founders of Christian Tour, will launch a new regular route between Henri Coanda International Airport and Dublin, Ireland’s capital city, starting July 21, 2025, with a frequency of three flights a week.
Window and door manufacturer Optimedia, owned by Romanian entrepreneurs Marius, Sergiu and Simona Pantis, for 2024 reported EUR66.7 million turnover, 2% higher than in 2023.
Symphopay, a Romanian startup providing an intelligent POS solution for companies, aims to expand globally after having already attracted major clients in Romania such as Farmacia Tei and Profi.
Five-star Radisson Blu Hotel in Cluj-Napoca, developed by Winners Park Invest and opened in the summer of 2022, has set its 2025 revenue target at EUR9 million, 18% higher than in 2024, while occupancy rate should reach 57%, its officials say.
Germany’s Mewa Group, based in Wiesbaden and one of the main European full-service industrial textile suppliers, has opened a new national branch and a transshipping center in Floresti, near Cluj-Napoca, in order to create new customer management, logistics and storage space capacity, the group said.
Romania's Finance Ministry raised RON675.7 million from banks on Monday (February 17, 2025) selling benchmark bonds, at an annual average yield of 7.06%.
Liviu Balan, an executive with a more than 20-year local and international experience at Continental, will take over the position of head of country for the automotive business of the group in Romania on March 1, 2025.18957 items