Found 20563 news
Local IT&C company certSIGN, which provides cybersecurity and electronic signature services among others, posted RON102.3 million revenue in 2023, up 33% from the previous year, Finance Ministry data show.
BRD Finance, the consumer finance unit of BRD-SocGen, the fourth largest bank in Romania by assets, is to exit the local financial landscape after two decades in business and is in the process of selling its entire loan portfolio.
Angelli Spumante & Aperitive, one of the largest players on the sparkling wine market, ended 2023 with a turnover of RON78.8 million (EUR15.95 million), up 10% from RON71.6 million (EUR14.5 million) in 2022, as per finance ministry data.
Cristian Oradan, an executive with 14 years of experience within cold cuts producer Elit, took over the position of Chief Executive Officer (CEO) of the company, starting with April 1, 2024.
Porsche Inter Auto has started work on the project of a new center for the Porsche brand in Cluj, which will be located near the airport. It will have both a showroom and a service center and is expected to be completed in 2025.
Deutsche Bahn (DB) Cargo Romania, the rail freight transportation unit of German giant Deutsche Bahn, ended 2023 with a turnover of RON500 million, higher than the RON356 million level reported in 2022, according to company officials and finance ministry data.
Paralela 45, one of the largest tour operators in Romania, ended 2023 with a sales volume of RON300 million, according to data provided by company representatives.
Consumer goods giant Unilever has invested EUR12 million in its ice cream factory in Suceava over the last four years and plans to invest another EUR4 million in 2024 and 2025.
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.20563 items