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Romania’s digital economy is likely to grow 3.5 times by 2030, to around EUR52 billion, from RON14.8 billion in 2021, with IT&C investments and e-commerce as the main growth drivers, in line with the Digital Challengers on the Next Frontier report by McKinsey & Company.
Agista, a Romanian investment fund under authorization, has acquired additional shares in IT group Bittnet, listed on the Bucharest Stock Exchange, reaching a stake of almost 7%.
Romania’s exports of heated tobacco products in 2021 reached RON723 million, overshooting cigarette exports, which totaled RON617 million, but locally cigarettes still dominate in the preferences of 5 million adult consumers, according to Philip Morris Romania.
Romanian medtech startup SanoPass, which built a platform via which it currently offers users access to health and fitness subscriptions, will in early 2023 launch integrated packages of health, fitness and nutrition services.
The most powerful developers on the market say there are real chances for 2022 to end with the first new MW installed in the system after an investment drought in the solar energy area since 2014 and an almost one-decade crunch in terms of wind power projects.
Dan Pastiu, founder of fast-food restaurant chain Dabo Doner, says there are requests for the opening of new units under franchise by partners, but he’s trying to limit development because of the challenging economic period and the problems the hospitality industry is coping with.
PHOENIX group, the shareholder of Help Net pharmacies and the drug wholesaler Farmexim, has set up a new company - EL Pharma, in 2021, which will provide services to companies in the pharmaceutical sector, from promotion to representation and logistics services.
Synlab Medical Laboratories, a company present in Romania since 2005, ended 2021 almost RON70 million revenue, Finance Ministry data show, an increase of 71% compared with the previous year.
Romania's finance ministry raised RON132 million on Monday (Sept 19), below the planned level, selling bonds maturing in 2029, at an annual average yield of 8.19%.
Verifone Romania, fintech leader of complete global payment and commerce solutions, plans to employ at least 50 more people by the end of 2022.
Allianz-Tiriac reported underwritings of RON1.6 billion in January-June 2022, double against the same period of 2021, in line with data from company representatives.
Eurial Invest, the local dealer of Peugeot, Citroën, DS Automobiles and Opel, has appointed Lucian Visan as the new chief executive officer of the company, effective September 1.
With a consumption of just 2.7 MWh per capita in 2020, Romania ranks last among European Union countries in terms of electricity consumption.
TotalSoft, one of the most important software producers on the Romanian market, plans to reach some 650 employees until the end of 2022.
Romanians have adapted their financial behavior in the context of the accelerated increase in inflation, prices and utility bills in recent months, with almost half of them (47%) reducing costs, according to the “Money Matters” 2022 survey carried out by Erste Group.
Romanian water brand Aur'a from Caras Severin has signed a contract to deliver its products to Saudi Arabia, half a year after signing a similar partnership with Dubai.
The volume of Romanian construction works increased, in unadjusted data, by 6.8%, in July 2022 as compared to July 2021, and by 8.2% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed Monday (Sept 19).
ALTEN Romania, the local subsidiary of French multinational technology consulting and engineering company Alten, on Monday announced the appointment of Roxana Piciorea to the position of Business Unit Director.
OMV Petrom, the largest integrated energy company in South-Eastern Europe, has installed photovoltaic panels in 110 OMV and Petrom filling stations in Romania and almost EUR3 million were invested in this project so far.
More than 1 million transactions were carried out on the regulated market of the Bucharest Stock Exchange (BVB) between January and August 2022, 42% more than 715,000 transactions performed between January and August 2021.19080 items