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KPMG Legal- Toncescu si Asociaţii has announced in a press statement on June 13 that Vasile Tiple has joined the firm in a collaboration designed to help local and CEE clients to understand technology and its challenges, and to use it under optimal conditions. He will also assist clients with the required transformation to implement technology (whether simple robots or genAI).
Real estate consulting company Cushman & Wakefield Echinox has appointed Cristina Lupascu, a specialist with more than 20 years of experience in media and real estate, to the position of Head of Marketing.
Romania's current account deficit stood at EUR6.5 billion in January-March 2024, higher by nearly EUR1.5 billion (+26%) compared to the level reported in the same period of 2023, central bank data showed on Thursday (June 13, 2024).
Tenaris, a global manufacturer that owns among other a pipe plant in Zalau, a steel mill in Calarasi and the sucker rods plant of Campina, has in the past 20 years of presence in Romania carried out investments worth above $500 million, with 97% of output being exported.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, dropped to 6.03%, reaching the lowest value since June 3, 2022, in line with BNR data.
Alexandrion group, the largest local spirits producer and one of the biggest players on the wine market, has carried out a new rebranding for the winemaker of Gura Vadului, which is now named Domeniile Alexandrion Rhein 1892. Previously, the winemaker was called The Iconic Estate.
Metaminds, a Romanian integrator of IT&C solutions and cybersecurity solutions provider, will invest EUR3 million in coming years to create and expand departments dedicated to creating, developing and operationalizing new tech solutions, but also to strengthen expertise for teams specializing in areas such as computing, storage, virtualization, communications and security architecture, according to the company’s representatives.
Paint and varnish producer Evolor, part of ROCA Industry holding, is set to invest in R&D in the coming period as the market it operates on is refining.
Michelin Romania, part of French group Michelin, one of the world’s largest tire manufacturers, for 2023 reported turnover worth RON5.365 billion (EUR1.084 billion), up 3.6% from the previous year.
Sighetu Marmatiei-based company Plimob ended 2023 with a turnover of RON203.9 million (EUR41.2 million), down 8.2% from RON222.2 million (EUR45 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Poland’s Zabka Group, which has more than 10,000 stores on its home market, has recently opened its first stores in Romania and plans to expand fast. It has five stores already open in the country at the moment, with six being prepared.
Stockbroker TradeVille, active mostly on the retail investor segment, reported 120% higher net profit for 2023 versus 2022, while revenue grew by 36% amid enhanced trading activity at the Bucharest Stock Exchange.
Ursus Breweries, the largest brewer in Romania, ended 2023 with RON2.67 billion revenue, up 17% from the previous year, Finance Ministry data show.
A total 11,360 housing units were put into use in Romania in the first quarter of 2024, fewer by 3,969 units (-25%) than in the same period of 2023, data from the country’s statistics board INS showed on Wednesday (June 12).
The 56,000 sellers that sell on the eMAG regional Marketplace in Romania, Bulgaria and Hungary registered 23% more orders in 2023 compared to 2022.
IKEA Timisoara, the third store of Sweden's IKEA in Romania, has sold over 4 million products, registered 792,223 sales transactions and over 35,500 online orders in the first 12 months since opening.
The Competition Council is assessing the transaction through which Messer SE&Co intends to take over Resity Technologies D.O.O., together with Delta Holding D.O.O..
Net investments in Romania’s economy totaled RON34.6 billion in the first quarter of 2024, up 6.7% year-over-year, with new construction works accounting for 53.3% and purchases of machinery, including transport vehicles, for 28.2%, data from the country’s statistics board INS showed on Wednesday (June 12).
The European Commission has announced it approved the acquisition of Alpha Bank Romania by Italy’s UniCredit S.p.A, under the EU Merger Regulation.
The decrease in demand for office spaces in Bucharest after the pandemic period reflected in the volume of pre-leases, which saw a reduction of over 50% between 2020 and 2023, as per an iO Partners study.19015 items