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Over a third (36%) of Generation Z youths postpones the intention of starting a business, the findings of the third edition of the “Insights PulseZ” survey shows.
Romania’s economic growth is slowing down as the market tries to adapt to high energy prices, with a GDP growth estimated at 5% in 2022 and at 2.3% in 2023, according to an analysis by lender OTP Bank.
Mediapost Hit Mail Group has acquired 60% of the shares of digital marketing and communications agency Ideologiq and the remaining 40% are still held by the agency founders, Adrian Apostol and Adrian Ichim.
Parcel delivery company Nemo Express Logistic (Nemo Express) filed for insolvency on October 11, 2022, with two creditors – Capital Fleet Services SA and Premium Store SRL joining the move, ZF has found from a Justice Ministry portal listing court cases.
Euro Tower, a Class A office building owned by Cascade Group in capital city Bucharest, has officially become the first LEED Zero Carbon certified building in Romania.
The American Chamber of Commerce in Romania (AmCham Romania) signals a new attempt to place the chambers of commerce type of associations under the control of the National Chamber and calls for the dismissal of this initiative that distorts and restricts the associative environment in Romania.
Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has increased to 8.15% a year on Thursday (Oct 13) from 8.11% a year on Wednesday (Oct 12), as per central bank data.
Alro Slatina, one of the largest vertically integrated aluminium producers in Europe, measured by production capacity, has been declared as “selected investor” following a public tender organized by Complexul Energetic Oltenia (CEO) to build together a natural gas power generation plant at Isalnita.
Intesa Sanpaolo Bank has launched an online lei payments service allowing transfers in 10 seconds at most since payment initiation, with the instant inter-baking payment system being increasingly sought-after, both by retail clients and legal persons.
Timis-based freight carrier World Mediatrans, one of the most dynamic companies in the field, founded in 1997 by Gabriel Lungu, expects 2022 turnover to rise by 20% from 2021.
Dairy producer Artesana has carried out investments worth around EUR1 million this year, in new equipment, retooling works and a photovoltaic system with a capacity of as much as 200 kW, explained Daniel Donici, co-founder of the company.
Dorin Preda, executive director of MedLife, says the company wants to be a EUR1 billion player in 5-10 years.
Time International textile factory in Alexandria, Teleorman, which started mask production during the pandemic, is still making masks, but a much lower capacity compared with the beginning of the health crisis.
Fiberglass mesh manufacturer BICO Industries, controlled by the ROCA Industry holding company (ROC1.RO, Holdingrock1 at the Trade Register), signed two contracts to buy 55% of the share capital of the Moldovan company Europlas on October 12, according to a report published on the Bucharest Stock Exchange.
The Romanian Government on Wednesday (October 12) adopted, at the proposal of the Ministry of Energy, an emergency ordinance on establishing a state aid scheme of EUR1.5 billion, for the period 2022-2030, for companies operating in energy-intensive sectors.
Real estate developer One United Properties on Wednesday (Oct 12) said it obtained the building permit for Phase 2 of One Mamaia Nord, a project under development on the Romanian seaside.
German semiconductor manufacturer Infineon Technologies is enhancing its presence in Romania by opening a research-development (R&D) center in Iasi (north-eastern Romania) where engineers will design chips for the automotive industry.
Dutch-held group of firms DN AGRAR, the market leader in cow milk production in Romania, has completed the modernization works of the milking parlors at the Apold farm.
Law firm Reff & Asociaţii Î Deloitte Legal provided legal assistance to investment fund NEPI Rockcastle in the acquisition of the stake held by Carrefour in the shopping center Ploiesti Shopping City.
Sadalbari SRL, the majority shareholder of Romanian insolvent fiber optic cable producer Romcab Targu Mures (MCAB.RO), on Tuesday (Oct 11) bought a total 9.15 million Romcab shares in a transaction held on the DEALS market.19080 items