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Swisspod Technologies, a Swiss-American start-up developing Hyperloop, an ultra-high-speed, emission-free, intercontinental transportation solution for passengers and cargo, announces a new EUR200,000 round on SeedBlink, as part of a total EUR7 million funding.
Premier Energy Group, which bought CEZ Vanzare in Romania and is a major player in renewable energy, announced its intention to launch an IPO at the Bucharest Stock Exchange and subsequently list on the Bucharest bourse.
Poultry Investment, a major player on Romania’s poultry market created by Oprea family and Hungarian group Hodler Capital, has budgeted EUR80 million turnover this year, up 23% on the year, banking on a production increase.
Romania had the highest annual inflation rate, of 6.7%, among European Union Member States, in March 2024, data from Eurostat, the statistical office of the European Union, showed on Wednesday (April 17).
Timisoara-based Elysian Software, a company specialized in the development, production, and distribution of computer software, reported a turnover of over RON8.4 million (nearly EUR1.7 million) in 2023, up 28% from 2022, and net profit of RON1.4 million (EUR285,000), up 50% from 2022, in line with finance ministry data.
The largest banks in Romania posted higher profits in 2023 compared with 2022, as lending and income increased. Profits were largely driven by the high interest rates and low risk costs and provisions.
GLS General Logistics Systems Romania, part of the group of the same name, held by UK’s Royal Mail, posted RON365.4 million (EUR73.9 million) revenue in 2023, up 5.5% compared with the previous year’s RON346.3 million (EUR70.2 million), according to ZF calculations based on Finance Ministry data.
Welded mesh manufacturer Intertranscom Impex ended 2023 with a turnover of RON1.24 billion (EUR251 million), down 32.5% compared to a turnover of nearly RON1.84 billion (EUR373 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily based on data on the finance ministry website.
Romania’s industrial sales (on the domestic and external markets) increased by 11.7% in nominal terms in February 2024 compared to January 2024 and by 8.2% versus February 2023, data from the country’s statistical office INS showed on Wednesday (April 17).
Maspex Romania, producer of such brands as Tymbark, Salatini, Bucovina and Arnos, ended 2023 with RON1.15 billion (EUR234 million) revenue, up more than 12% from the previous year, Finance Ministry data show.
Romania's new industrial orders in manufacturing, for the total (on the domestic and external markets) increased by 6.5%, in nominal terms, in February 2024 compared to January 2024, and by 6.4% compared to February 2023, data from the country's statistics board INS showed on Wednesday (April 17).
Air Claim (CLAIM.RO), a company that helps people get compensations for delayed or canceled flights, posted RON3.15 million net profit in 2023, an increase of 93.2% from the RON1.63 million of 2022.
Revolut is launching a product for the refinancing of loans taken out from other banks and Romania is the first market to benefit from this type of personal loan.
UniCredit Bank introduces exclusive investment solutions to the Romanian market with the launch of onemarkets Fund.
Citi has announced the appointment of Gabriel Apostol as Head of Global Network Banking for Romania.
Romania's two carmakers, Automobile Dacia and Ford Otosan, manufactured a total 152,912 vehicles in the first three months of 2024, 7.1% more than in the same period of 2023, data from the country's carmakers association ACAROM showed on Wednesday (April 17).
Fitness center network 18 Gym Fitness & Beauty will open a new unit in shopping center Agora Arad, the first in the city and the 37th nationwide.
Europe will resume magnesium mining for the first time in more than a decade, while the UE is trying to curb its dependence on imports of Chinese critical raw materials imports. Romania, an EU member, on Friday, April 12, 2024 granted a mining concession to Verde Magnesium, which is backed by US investment company Amerocap.
Signal Iduna Asigurare Reasigurare, the leader of the local health insurance market, ended 2023 with gross written premiums of over RON274 million, up 34% versus 2022.
The annual inflation rate will decline further in the coming months, but at a slower pace compared to 2023 and on a slightly higher path than that anticipated in the February 2024 medium-term forecast, which had seen it go down to 4.7 percent in December 2024 and to 3.5 percent at end-2025, members of Romania's central bank Board said in the minutes of the monetary policy meeting of April 4, 2024.19029 items