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Cluj-based Hexagon Group, controlled by businessman Florin Maris, has acquired a 7-hectare plot of land, which represents the former Tehnofrig industrial site in Cluj-Napoca, in the northwestern part of Romania.
Kinga Daradics, known on the local market for her mandate of Chief Financial Officer (CEO) of MOL Romania, one of the most powerful companies on the local oil market, has taken over the position of Managing Director of eMAG Hungary, starting December 2023.
Integrated meat and meat products producer Ferma Zootehnica, controlled by the Lazar family from Baia Mare, posted EUR43 million revenue in the first ten months of this year, up 14% compared with the same period last year, the company said.
Romania's central bank has published the Financial Stability Report, the December 2023 edition, which shows that the main systemic risks to financial stability have remained the same since the previous Report, yet global economic and geopolitical uncertainties have amplified.
CTP, Europe's largest listed developer, owner and manager of industrial and logistics space, has leased over 1,800 square meters of warehouse and office space in CTPark Bucharest North to Hell Energy Romania, the local subsidiary of the FMCG brand.
Eco Clean company in Bucharest, a business founded by two Romanian entrepreneurs in 2000, which owns 12 green laundries and cleaners, expects to end this year with EUR5 million revenue, an increase of 11% on 2022.
Romania is likely to exceed 4,000 MW of installed power in photovoltaic parks in 2024, which would mean a twofold increase compared to the currently installed power nationwide, shows an analysis by ECITIM, a Romanian start-up operating in the energy sector.
Exim Banca Romaneasca has coordinated the extension until 2026 of the working capital credit facility amounting at USD150 million for ALRO (ALR.RO), one of the largest aluminium producers in Europe measured by production capacity.
Romanian startup OptiCare, founded in 2021, has developed an innovative mobile application that allows doctors to detect vision disorders through the use of artificial intelligence, company representatives said in a statement.
Law firm Tuca Zbarcea & Asociatii assisted the Amethyst group of clinics in the EUR12 million sale of three buildings to alternative investment fund BT Property, managed by BT Asset Management SAI SA, a company of Banca Transilvania Financial Group.
Romania’s industrial production decreased by 2.3% in unadjusted data in October 2023 versus October 2022 due to the drops recorded for the electricity, gas, steam and air conditioning supply (-5.4%), manufacturing (-1.9%) and mining and quarrying (-1.5%), data from the country’s statistics board INS showed on Wednesday (December 13, 2023).
International Rating Agency Fitch Ratings has affirmed Garanti BBVA Romania’s (GBR) Long Term Issuer Default Rating at ‘BB-‘ with a stable outlook and its Viability Rating (VR) at ‘bb-‘.
The average net salary in Romania increased by 2.2% in nominal terms in October 2023 compared to September 2023, to 4,692 (EUR944), data from the country's statistics board INS showed on Wednesday (December 12).
Romania's annual inflation kept its downward trend in November 2023, decreasing to 6.7%, compared to 8.1% in October 2023 8.8% in September 2023, and 9.4% in August 2023 and July 2023, data from the country's statistics board INS showed on Wednesday (December 13).
Venture Friends, an investment fund from Greece, is looking at the tech startup ecosystem of Romania to operate new investments and support innovative ideas, Apostolos Apostolakis, partner and co-founder of the fund, one of the first VCs that emerged on Greece’s market, told ZF.
Local startup Ogre AI, which has developed an AI platform dedicated to utilities market players, aims to raise an overall funding round of around EUR2 million.
Home appliances manufacturer De’Longhi Romania currently has 204 jobs available at the Jucu coffee machine plant.
Life Group, which operates Life Dental Spa dental clinics, will in January 2024 also tap into the beauty segment, via Life Beauty brand, after having launched in 2023 a second dental clinic brand, VivoDental targeting patients with lower revenues, explained Stefan Obreja, CEO and co-founder of the group.
FAN Courier, the leader of the parcel delivery market in Romania, saw its revenue go up 15% to RON1.25 billion this year. The growth is because of the growth of online sales, of the investments the company made and of the higher number of cross-border shipments.
Romanian precast concrete product manufacturer ASA CONS, based in Turda, anticipates to end 2023 with a turnover of almost EUR35 million after reaching EUR28.3 million in the first nine months of the year.19075 items