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In Craiova we see the first investment by Ford Otosan outside Turkey. There’s interest in Romania and the investments are set to continue, said Fusun Aramaz, Turkey’s ambassador to Romania.
One of the most powerful investment bankers in Romania, Doru Lionachescu, currently president of BT Capital Partners board, has teamed up with the founders of One United, Victor Capitanu and Andrei Diaconescu, in an investment company that will have several tens of million euros available for firms with high growth potential.
Safety Broker remained the leading general insurance broker with a gross written premium volume of RON293 million and 9.6% market share in the first quarter, the Financial Supervisory Authority (ASF) said in its first quarter 2022 insurance market report.
Romania’s central bank expects the annual inflation rate will stick to an upward path until mid-Q3, yet at a visibly slower pace, thus climbing moderately above the levels projected in May 2022 over the short-term horizon.
Romania's nuclear power producer Nuclearelectrica (SNN.RO) & small modular reactor (SMR) technology provider NuScale organized a working meeting with Romanian authorities in Dambovita County and Doicesti on July 6, 2022.
Electricity distributor and supplier Electrica (EL.RO) informed the shareholders and investors that on July 6, 2022 it signed a shares sales and purchase agreement (“SPA”) in one project company having as main object of activity the production of energy from renewable sources.
The founder of How to Web, an event dedicated to startups and innovation in Eastern Europe, Bogdan Iordache has launched Underline Ventures, a venture capital firm set to invest in tech startups in Central and Eastern Europe, the company said in a release on Wednesday.
Computer Generated Solutions (CGS) Romania, operating on the local business process outsourcing (BPO) market, plans to hire in 2022 more than 800 specialists in positions of customer relations representatives, back office, technical support.
The inflation and the rising interest rates will certainly impact the residential real estate market as the market is strongly linked to lending policies, according to Bogdan Sergentu, Head of Valuation & Consulting within real estate consulting firm Cushman & Wakefield Echinox.
Romania's central bank on Wednesday (June 6) raised its benchmark interest rate to 4.75% a year from the current rate of 3.75% a year, starting July 7, 2022.
SmartBill, a company that operates an invoicing and management solution for small and medium-sized enterprises (SMEs), had a turnover of over RON23 million (EUR4.6 million) at end-2021, up nearly 35% from a turnover of over RON17 million (EUR3.4 million) in 2020, company representatives said in a statement.
The number of real estate deals in Romania stood at 52,946 in June 2022, 11,660 fewer than in May 2022, data from the national cadaster agency ANCPI showed Wednesday.
Retail turnover, the main barometer for private consumption, in the first five months of this year went up by 5.7% in gross series from the year-earlier period, amid rising sales of fuel (by 10.1%), non-food items (6.9%) and foodstuffs, beverages and tobacco (by 1.9%), in line with data from the country’s statistics board INS.
Vodafone, one of the biggest players on Romania’s telecom market, has launched the commercial platform named EasyTech, bringing an extensive range of products both in the online store and in physical stores, as well as new services, in addition to the existent convergent communications packages.
Romanian Business Consult (RBC), the biggest IT integrator for the retail industry in Romania, has completed the purchase of local company SmartPay Software (SPS), specialized in the development of solutions for the payment processing industry, thus cementing its presence on the market of IT solutions in banking and electronic payment.
Cargus, one of the biggest players on Romania’s courier services market, has a EUR55 million investment budget for the next two years, with investments set to focus on e-commerce, innovation and the development of the out of home network and logistics.
Tulcea-based Lidas, owned by entrepreneur Elena Anastase, which owns a bakery plant in Mineri locality of Tulcea, but also its own store network, in 2021 generated turnover worth RON86.6 million, 12.5% higher than in 2020 and for 2022 budgets 10% turnover growth.
Software services and solutions provider NTT Data Romania ended 2021 with more than RON425.8 million (EUR86.1 million) revenue, an increase of almost 15% on the previous year, the first year of the pandemic, Finance Ministry data show.
The “Made in Romania” Nominations Committee has selected its 50 semi-finalists out of the 350 companies nominated on the platform www.investingromania.com.
Spanish investors in Romania are particularly interested in the real estate market, the construction and the IT&C sectors, in line with data from the Association of Spanish Companies in Romania (ASEMER).19080 items