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Romanian company Gomag, which puts an e-commerce platform at the disposal of online stores, expects to end 2024 with an increase of over 30% in turnover, to over EUR3.5 million, company representatives said in a press statement.
TeraPlast (TRP.RO), the largest polymer processor in Southeast Europe, has notified shareholders and investors of having closed the acquisition of Optiplast d.o.o, following shareholder approval on November 14.
Sinteza SA Oradea (STZ.RO), one of the largest local chemical companies, has signed a letter of intent with the US company Lockheed Martin to license the GridStar® Flow technology for the production of negative electrolyte in order to build a long-term storage battery factory, an EUR50 million investment.
Amazon is closing its Machine Learning department in Romania, a decision that will affect 400 employees, says marketing, management and business consultant Doru Supeala, citing an official statement of the company that confirms the restructuring of one of the most important technological innovation centers the US giant has in Romania.
The number of construction permits for residential buildings in capital city Bucharest has nearly halved over the last three years, while the total usable area authorized for construction plunged 62%, according to the “SVN Romania Residential Market Drive” report.
Romania's mergers and acquisitions (M&A) market recorded transactions totaling USD1.7 billion at the end of September 2024, significantly higher than the USD134 million level recorded in the same period of 2023, according to the global M&A market report by Boston Consulting Group (BCG).
Distributie Energie Electrica Romania (DEER), a member company of the Electrica Group, has implemented 3 projects for smart power distribution systems in the towns of Galati, Oradea and Targu-Mures.
The overall costs of the global energy transition, estimated at USD200 trillion by 2050, could be reduced by almost 25 percent using de-risking instruments, thus facilitating new methods of financing and refinancing green projects, according to a Deloitte study.
The volume of construction works in Romania decreased, in unadjusted data, by 2.6% in January-September 2024 and by 2% when adjusted for the number of working days and seasonality, data from Romania’s statistics office INS showed on Wednesday (Nov 20).
Insulating panel maker Isopan ESt, with a plant in Popesti-Leordeni, ended 2023 with a turnover of RON469.9 million (EUR95 million), down nearly 15% from RON552.7 million (EUR112 million) reported in 2022, Ziarul Financiar (ZF) daily has calculated based on finance ministry data.
Arad-based electronic components manufacturer Systronics, held by Swiss group Cicor, posted RON431.3 million (EUR87.2 million) revenue in 2023, down slightly from the previous year’s RON435.2 million (EUR88.2 million), Finance Ministry data show.
Fitch Ratings has upgraded Banca Transilvania S.A.'s (Transilvania) Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+' and Short-Term IDR to 'F3' from 'B'. The Outlook on the Long-Term IDR is Stable, Banca Transilvania said in a press statement on Nov 19.
tbi bank, which operates on several markets including Romania, ended the first nine months of 2024 with EUR38 million net profit, 34% higher than in the year-ago period, and operating income of EUR186 million, 25% higher, mainly because of a 34% increase in net interest income, it said in the report detailing the unaudited consolidated financial results.
The number of job vacancies in Romania reached 39.9 thousand in the third quarter of 2024, marking an increase of 5.4 thousand compared to the previous quarter, data from the country’s statistics board INS showed on Tuesday (Nov 19).
Romanian natural gas producer and supplier Romgaz (stock symbol: SNG) is listing its first corporate bonds worth EUR500 million, at the Bucharest Stock Exchange (BVB) on Nov 19.
More than 70,000 jobs have been available in the past five months on the iajob.ro platform that eJobs.ro has launched this year for candidates who want to get a job fast without undergoing the traditional stages of a recruitment process.
Romanian startup BeeFast, specialized in instant delivery management solutions, has accessed a $450,000 investment. The funds will be used to step up its international expansion and develop the SaaS platform, which transforms the way companies manage their ultra-fast delivery fleets, according to BeeFast representatives.
Topanel Production Panels, a major producer of thermal insulating panels in Romania, has invested in the second production line.
Chemical fertilizer wholesaler Solarex Impex, held by entrepreneurs Maria Luciana Turna, Leonard Mugurel Stoica and Maria Stoica, ended 2023 with a turnover of RON235.9 million (EUR47.7 million), down 8.6% from RON258.3 million (EUR52.4 million) reported in 2022, Ziarul Financiar (ZF) daily has calculated based on finance ministry data.
Footwear retailer Benvenuti, majority held by local entrepreneur Dan Pavel, on Nov 15 opened a new store, in Dambovita Mall Targoviste, reaching a total of 55 units in Romania.18957 items