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Travel agency Aerotravel, one of the largest in Romania, ended last year with gross sales of RON180 million, an increase of 28% on the previous year, its officials say.
Bright Spaces is launching into a new real estate vertical with its online 3D visualization solution for industrial spaces.
Piping Logistics, a Belgian manufacturer of components for ventilation systems, will start production in a factory it operates near Timisoara in the first part of February. The opening was originally scheduled for 2023.
ROCA Industry (ROC1.RO), a building materials holding majority held by ROCA Investments, announced in a stock market report the closing of the second stage of the share capital increase operation, which resulted in the sale of 4.03% of the shares issued.
Online retailer Elefant, which has bonds listed on the Bucharest Stock Exchange (ELF26.RO), on Wednesday announced it had filed for insolvency with the Bucharest Court of Law, expressing intent to propose a reorganization plan and keep the right to manage its operations.
The net assets of the 249 domestic and foreign open-end and closed-end investment funds operating in Romania inched up 0.5% in December 2023 up to RON39.7 billion (EUR8 billion), but fell by 13.5% in 2023, the Association of Fund Managers (AAF) said in a statement.
The opportunities for mergers and acquisitions (M&A) in Romania will continue to attract more high-profile investors in 2024, and strategic industries remain in focus, according to the latest Clifford Chance M&A Trends 2024 report.
Enterprise spending on generative Artificial Intelligence (Gen AI) will grow by 30% in 2024, from an estimated US$16 billion in 2023, according to the latest edition of the Deloitte Technology, Media and Telecommunications (TMT) Predictions report.
The year 2023 was a chapter of unprecedented performance for the Romanian capital market, recording historical highs on several levels, such as the value of stock and bond transactions, average daily liquidity, stock market indices, market value of companies.
Employers have posted more than 26,000 jobs since the start of the year and of these, almost 5% have been remote ones, half the level of the year-earlier period, reveals an analysis by eJobs, the main recruitment platform in Romania.
Online retailer evoMAG, controlled by entrepreneur Mihai Patrascu, has budgeted investments worth around EUR0.5 million for the current year, flat from 2023, with a focus on boosting logistic activity efficiency, delivery speeds and developing the platform behind the online store.
Macromex, one of the largest local fast moving consumer goods distribution companies, reported a 10% increase in sales volumes in 2023 compared to 2022, due to growth in the HoReCa (Hotel, Restaurant, Cafes)/hospitality industry, while sales volumes in the retail sector decreased.
IT and digital marketing services provider Zitec, in which giant online retailer eMAG owns a 25% stake, ended 2023 with a consolidated turnover of EUR30 million, up nearly 15% versus 2022, according to company representatives.
Morphosis Capital Fund II, a growth capital fund, together with Vybros Capital Partners, a Belgian family funded permanent capital fund, as a co-investor, announces the signing of the agreement to acquire the majority stake in Mark Twain International School (IS), the first private education institution in Romania with a dual curriculum.
The large majority of employees (95%) see value in working with generative Artificial Intelligence (AI), while approximately 60% are also concerned about job loss, stress and burnout, according to a survey carried out by Accenture.
Flanco, the second largest actor in Romanian computer and electronics retail, achieved record sales of RON1.275 billion last year, 20% higher than in 2022.
On Tuesday, January 30, a special transaction (DEALS) with shares of green power producer Hidroelectrica (H2O.RO) worth RON92.8 million was registered in the Bucharest Stock Exchange system, according to stock market data.
Skatepark and playground builder Sport Play Systems in Turda, Cluj County, held by local entrepreneurs Adrian Silagyi and Mihai Balas, ended 2023 with RON30.3 million (EUR6.1 million) revenue.
State-run national grid company Transelectrica (TEL.RO) estimates total revenue to reach RON5.3 billion in 2024, compared with a preliminary figure of RON4.7 billion in 2023, a potential increase of 14.2% year-on-year, its spending and revenue budget shows, which will be discussed in the general meetings of shareholders in February.
Fueled by access to digitalization and increased income of the young population and digital natives, Romania's e-commerce market is expected to maintain its upward trend in 2024, according to the eCommerce Insights 2024 report conducted by MerchantPro, the local SaaS solutions platform for e-commerce.19075 items