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Remix Global EAD, part of US company ThredUp Inc. – one of the largest online resale platforms for apparel, shoes, and accessories, has appointed Florin Filote to the position of General Manager of the European operations.
Romania’s insurance market has grown a lot and more than doubled in the past decade, while its main segments have either performed the same or tripled or grown ten-fold, like the life insurance business did.
In March 2024, the volume of construction works increased, in unadjusted data, by 43.7% compared to February 2024 and was up 9.1% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed on Monday (May 20).
The operating leasing market in Romania grew by 12% to 89,500 units under management in 2023, of which more than 90% are full service, according to the estimates of the Association of Operating Leasing Companies (ASLO), which comprises nine of the leading companies in the sector.
Recent crises have produced profound changes in all aspects of the business world, and the need for speed and flexibility of operations has added new categories of risks in the area of financial crime.
Romania's Competition Council approved the transaction whereby Abator Peris S.A. intends to take over the companies Almado Total Distribution S.R.L., Cathedral Distribution S.R.L. and Policalita S.R.L. by Abatorul Peris.
In 2023, European Union Member States imported 163,700 tons of natural honey worth a total of EUR359.3 million, from countries located outside the EU bloc, as per data released by the European Statistics Office (Eurostat) on Monday (May 20).
Romania's Competition Council is assessing the transaction through which CD&R Fund XII intends to acquire Presidio, Inc.
Instant Factoring, the online micro-financing fintech of Romanian companies, is expanding into the Spanish market, allocating a start-up capital of EUR1.5 million and aiming to attract at least three local investment funds into the shareholding of Instant Factoring Spain.
DP World, one of the largest port operators globally, has inaugurated the new multimodal terminal in Aiud (Alba County).
OMV Petrom, the largest integrated energy producer in Southeastern Europe, commissioned a new crude oil tank, the largest in Romania, on the Petrobrazi refinery platform.
Natural gas producer and supplier Romgaz has notified its shareholders about having made a RON272 million term deposit without auto-renewal option, maturing in July 25, 2024, with Exim Bank Banca Romaneasca.
Tech company 2Performant Network, the largest player on Romania’s affiliated marketing market, in the first three months of 2024 posted RON12.75 million turnover, 22% above the level of the year-earlier period.
Real estate holding Meta Estate Trust, in the first quarter of 2024 registered net profit worth RON2 million, three times higher than the net result reported in the year-earlier period.
Building materials producer TeraPlast Bistrita (TRP.RO) plans to increase its share capital by RON22.2 million at the most, by issuing 222,200,000 shares, with a nominal value of RON0.1 per share, the company said in a press statement.
MiniCRM Software SRL, the local subsidiary of Hungary's company of the same name, specializing in the provision of CRM (Customer Relationship Management) software solutions for small and medium-sized enterprises (SMEs), ended 2023 with a 35% increase in turnover, up to nearly EUR1 million (RON5.2 million), as per data provided by the representatives in Romania.
Telecommunications operator Digi (DIGI.RO) has opened its central office in Belgium, in Brussels, and is thus preparing the enter the Belgian market this summer, it said in a press release.
The most expensive houses for sale in the outskirts of the major cities in Romania are located on the outskirts of Bucharest and Cluj-Napoca; the only places in the country where the square meter sells for over EUR2,000 are Feleacu and Salicea, both in Cluj County, an analysis by Imobiliare.ro shows.
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) increased by 4.3%, in nominal terms, in March 2024 compared to February 2024, but fell by 5.2% compared to March 2023, data from the country's statistics board INS showed on Friday (May 17).
Romania’s industrial sales (on the domestic and external markets) increased by 6.9% in nominal terms in March 2024 compared to February 2024, but inched down 0.5% versus March 2023, data from the country’s statistical office INS showed on Friday (May 17).19015 items