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Medicover Romania, the subsidiary of Sweden's Medicover Group, plans to acquire six companies under the brand Synlab International, active in the field of laboratory diagnostic services and specialized tests in several medical fields.
IKEA Romania has announced its sales results for the fiscal year 2024 (September 1, 2023, to August 31, 2024), highlighting growth in both online and offline sales.
Visa and Raiffeisen Bank have launched for the first time in Central and Eastern Europe the Visa Signature card (debit and credit), expanding exclusive benefits for super-premium cardholders in the Romanian market, the representatives of the two companies told a press statement.
Generative artificial intelligence (GenAI) will support the transformation of financial-tax functions, contributing to solving major issues such as (in)efficiency, human resource shortages, and compliance with new reporting obligations, including those concerning global minimum taxes; this is the main conclusion of the most recent edition of the EY Tax and Finance Operations (TFO) study.
DN AGRAR Group (BVB: DN), the largest integrated livestock farm in Romania, leader in cow milk production, and BSOG Energy, an energy company focused on developing biomethane production plants across Romania owned by Black Sea Oil & Gas, have sealed a cooperation agreement for the largest biomethane production facility in Romania, with a total capacity of up to 15 MW.
The acquisition by Banca Transilvania (TLV.RO), the largest lender in Romania, of OTP Asset management, part of the OTP Bank Romania acquisition, has been completed after having been recently approved by the Financial Supervisory Authority (ASF).
Technology group Bittnet (BNET.RO) has notified the Bucharest Stock Exchange that one of its companies, Dendrio Solutions, signed a loan agreement with ING Bank.
The Competition Council has greenlighted pharmaceutical group Dona’s acquisition of the VET division of Iasi-based Vetro in September.
Romania got EUR9.4 billion in NRRP funds between 2021 and the third quarter of 2024 or 33% of its allotment via this EU program. Estimates for 2024 point to EUR200 million disbursements or 0.1% of the GDP, a quarterly UniCredit report for Central and Eastern Europe shows.
Nuclear power producer Nuclearelectrica (SNN.RO) and French-held Framatome will team up for a project to produce medical isotope Lutetium-177 (Lu-177) at the nuclear power plant in Cernavoda in Romania. Lutetium-177 is used for a variety of lifesaving cancer treatments.
The companies in which venture capital fund Early Game Ventures invested its first fund, Early Game Fund I, have reached annual revenue of more than EUR43 milion and a total number of more than 400 employees in 2024, EGV officials said in a statement.
Romania’s economy could double in the next ten years, so the GDP would reach EUR700 billion, with an average growth rate of 3% to 3.5% a year and a similar average inflation. This is one of the main conclusions of the “30 x 30. 30 years of transformations. 30 years of ING” report of ING Bank Romania.
Cargus, a major player on Romania’s courier services market, has relocated its Targu Mures warehouse to a facility with an area of over 4,500 square meters, double the one of the previous location, a project that is part of the company’s strategy of improving and expanding operational capacities to accomodate rising volumes.
Alexandrion group, the largest local spirits producer and a major player on the wine market, part of Nawaf Salameh Family Office, has appointed Jason Wischoff as general manager, in charge of running the company’s hospitality and franchise projects.
Law firm Filip & Company assisted eMAG Group in the sale of its entire stake in HCL Online Advertising, the company that operates Tazz platform, to Wolt, a Finnish company with operations in 28 countries held by US DoorDash.
Moov Leasing, an operating leasing company, is raising its share capital by EUR5 million, after selling a 10% stake, reaching an EUR50 million valuation.
Draghici Dental Group is in talks with several potential investors for the dental technique lab it developed in Miroslava, Iasi county, via an over EUR4 million investments as local production can serve a European or even global market, explained Dan Draghici, founder of Draghici Dental.
Romanian tourists spent EUR2.6 billion on vacations abroad in the three months of summer, June-August, according to ZF calculations based on data from Romania’s central bank.
Prebet Aiud (PREB.RO), a precast reinforced and prestressed concrete producer, on Monday evening announced the conclusion of a contract for RON63 million credit facilities with BRD-Group Société Générale, guaranteed with shares in Roca Industry Holding Rock1.
Arobs Transilvania Software (stock symbol: AROBS) has announced in a stock market report on Oct 14 that its CEO, Voicu Oprean, sold 35.4 million shares in the company he runs, on Thursday (Oct 10).18957 items