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A group of Polish entrepreneurs and investors, who had previously run Valuetech Seed, one of the top performing Polish venture capital funds for emerging technologies, have raised a EUR25 million investment from the European Investment Fund (EIF) for a new project: venture capital fund Radix Ventures. Another name connected to this fund is Daniel Dumitrescu, CIO of accelerator InnovX.
Romania's industrial production prices for the total (domestic market and non–domestic market) increased by 7.7% in May 2023 compared with May 2022, data from Romania’s National Statistics Institute INS showed on Tuesday (July 4, 2023).
Grain trader Ameropa Grains, who is the market leader in Romania, ended 2022 with RON8.57 billion revenue, an increase of 51% year-on-year, ZF has calculated from Finance Ministry data.
The asking prices of the old three-room apartments in Bucharest slowed down in June as the annual growth reached a mere 0.5% or EUR550 year-on-year to EUR109,750, the ZF real estate index compiled in partnership with real estate consultant SVN Romania shows.
Local online store Atu Tech (a2t.ro), which specializes in the sale of security products and is also an importer of security equipment, has invested EUR200,000 to streamline its operations this year.
Rinf Outsourcing Solutions (rinf.tech), a local company specializing in software development, consulting and BPO, has opened its third office in Romania, in the city of Cluj-Napoca, and intends to recruit 100 IT experts, company representatives said in a statement.
Romania's foreign exchange reserves stood at EUR53.4 billion in June 2023, higher by EUR335 million versus May 2023, central bank data showed on Monday (June 3).
Innova Capital, a leading private equity fund in Central and Eastern Europe (CEE), has joined the shareholding structure of Romanian-Belgian EMI Group after buying a 51% stake via combination of partial buy-out and EUR15 million capital increase.
Retail investors subscribed RON5.9 billion worth of Hidroelectrica (H2O.RO) shares in the first seven days of the IPO, so their tranche is almost 450% or 3.5 times oversubscribed, ZF has found by aggregating data from brokers’ platforms. They introduced subscription orders for 52.65 million Hidroelectrica shares.
Domeniile Ostrov, one of the largest fruit producers in Romania and South-East Europe, now during peak summer fruit harvesting season, estimates a cherry production of 500 tons, down 10% from 2022, due to bad weather.
Brick Romania, a local DIY and home improvement retailer based in Constanta, has invested RON1 million to install photovoltaic panels on the rooftop of its store in the south-eastern city of Constanta.
Damen Galati shipyard, one of the biggest players in the local shipbuilding industry, will design and build four new frigates for Belgium and the Netherlands after winning a new contract. It is worth EUR4 billion.
The Board of Directors of private health operator MedLife (M.RO) has summoned the Extraordinary General Meeting of Shareholders for August 3, 2023 to approve the increase of the share capital by RON99.65 million, from the current amount of RON33.2 million up to RON132.87 million, the company said in a stock market report.
Building materials company TeraPlast has allocated RON300 million for investments in the 2021-2023 period and seeks to further expand into new international markets.
TeraPlast, one of the most important polymer processors in the Eastern European Union and the only producer of HFFR granules in Romania, celebrates 15 years since its listing on the Bucharest Stock Exchange (BVB).
Groupama and Alpha Bank Romania have launched an extended version of the “Travel all Seasons” travel insurance, providing remote medical support, through the ÎntreabăMedic telemedicine service.
More than 50% of homeowners in Romania intend to purchase a photovoltaic (PV) system from an energy supplier sometime in 2023, which would translate into an increase of over 8% compared to 2021, as per a survey conducted by E.ON.
Shipyard Severnav (SEVE.RO) in Drobeta-Turnu Severin has built its first ship in 12 years, the officials of the company announced.
UniCredit analysts expect the economies in EU-CEE and the Western Balkans to grow by around 1.6% in 2023 and 3.1% in 2024, with Romania outperforming, and Czech Republic and Hungary lagging, the bank says in its latest quarterly Central and Eastern European report.
Romania's third-party liability insurance RCA seems to be entering a downward trend after seeing significant increases both at the level of the entire segment and at the level of each company that operates this business line.19080 items