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A team of PwC Romania consultants specialized in deals and D&B David si Baias lawyers have assisted the founder of travel agency Litoralulromanesc.ro, Ionut Nedea, in selling the company to Szallas Group, part of Polish group Wirtualna Polska Holding.
More than 16,000 companies shut down after the first four months of 2024, almost 3,000 more than in the previous year, marking a 12-year high, reveals a Sierra Quadrant analysis.
DRUID, the global company specializing in AI-based conversational solutions, has launched a virtual assistant for Dacia Romania, developed to understand and answer users’ questions with a human-like precision.
Travel agency Litoralulromanesc.ro, owned by local entrepreneur Ionut Nedea, which sells holiday packages on the Romanian seaside, has been acquired by Szallas Group, part of Polish group Wirtualna Polska Holding. The value of the deal stands at EUR21 million.
Metal tile roofing manufacturer Caretta, set up by entrepreneur Ciprian Marcu in Iasi, in 2024 bought a Craiova roofing plant from Polish producer Viking Pruszynski.
Telekom Romania Mobile has launched on Monday (June 10) the VoWiFi (Voice over WiFi) service that allows users to make and receive voice calls via a WiFi connection.
VOS Logistics Cargo, the local subsidiary of Dutch group VOS, ended 2023 with a turnover of RON492.2 million (EUR99.5 million), down 3.6% from nearly RON510.6 million (EUR103.5 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily, based on finance ministry data.
DB Global Technology, Deutsche Bank’s Bucharest tech center, ended 2023 with a turnover of RON713.4 million, up 34.9% year-over-year, in line with data from the balance sheet submitted by the company to Romania's finance ministry.
Household appliances manufacturer Electrolux Romania, the local subsidiary of Swedish group Electrolux, reported a turnover of RON1.049 billion (EUR212.1 million) for 2023, up 18.7% from nearly RON883.9 million (EUR179.2 million) reported in 2022, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Romanian executive Alex Cirlan has recently been appointed vice president of customer management of computer and electronics retailer MediaMarktSaturn and will be based in Bavaria, Germany.
The eMAG Group, one of the largest online retailers in the region, is aiming for 11%-15% growth in revenue this year and will invest RON900 million to achieve its goals.
76,746 individuals in Romania had bank deposits of more than EUR100,000 at the end of the first quarter of 2024, over RON82.6 billion (about EUR16.5 billion) in all, the latest statistics of the Bank Deposit Guarantee Fund (FGDB) show.
State-run company Nuclearelectrica (BSE:SNN), Romania’s sole nuclear power producer, and Korea Hydro & Nuclear Power (KHNP) have announced the start of works on the first tritium removal facility in Europe, located at the Cernavoda Nuclear Power Plant.
The cross-border merger by absorption of Credit Europe Bank Romania S.A. into Dutch parent company Credit Europe Bank N. V. was initiated and, after the merger, the former will continue its activities in Romania as a subsidiary of the latter, as per data provided on June 10 by the representatives of the institution.
Romania's Finance Ministry raised RON1.03 billion from banks on Monday (June 10), selling government paper in two auctions, at annual average yields of 6.29% and 6.69%, respectively.
Forty Management, a Romanian developer of real estate projects with mixed destination and green urban reconversion, has announced that it will inaugurate on June 12 the Lagoon Park Bucharest project, the first artificial urban beach in Europa, following an investment of EUR33 million.
The total monthly average income in Romania stood at RON7,175 per household, in nominal terms, in 2023, representing RON2,872 per person and increasing by 11% and by 11.5%, respectively, compared to 2022, data from the country's statistics board INS showed on Monday (June 10).
Romania's trade balance posted a deficit of EUR9.3 billion in January-April 2024, higher by 5% compared to the same period of 2023, data from the country's statistics board INS showed on Monday (June 10).
Restart Energy One, one of the largest independent electricity and renewable energy suppliers in Romania, wants to raise funding via a bond issue of as much as EUR6.5 million that it should list on the Bucharest Stock Exchange.
Deloitte Romania assisted healthcare group Affidea, the largest player in the field of medical imaging, in taking over the four MedEuropa Romania clinics, which are specialized in radiotherapy, present in four cities of the country.19015 items