Hidroelectrica (stock symbol: H2O), the largest electricity producer in Romania, has concluded a partnership with Politehnica University of Timisoara to support research, innovation and training of future generations of specialists in the field of hydropower and energy engineering.
Romania's Competition Council is assessing the transaction through which Volta Grup S.R.L. plans to acquire Electrotehno S.R.L.
IKEA Romania has appointed two market managers for its Baneasa and Pallady Bucharest stores, overseeing other customer meeting points across the country, such as the order pick-up points and the planning and order studio.
Over half (53%) of Romanians plan to go shopping this Black Friday, but, while most of them are set to spend at least RON500, the value is comparable to or even lower than in 2023 for 72% of consumers, according to a survey conducted countrywide at the initiative of tbi bank in October 2024, on a sample of 1,171 respondents.
Electrical cable manufacturer Electroplast is carrying out an investment project valued at over EUR9 million to retool Bistrita plant and expand its halls, in parallel with involvement in new rail infrastructure upgrading projects.
InterCapital Asset Management, an independent investment manager of Croatia, with EUR550 million worth of assets under management, wants to launch, by yearend, a new ETF at the Bucharest Stock Exchange, with exposure to Slovenia’s bourse.
Republic of Moldova’s largest lender Maib ended the first nine months of 2024 with net profit worth MDL 1,095 million, the equivalent of EUR56.9 million, up 10.9% from the year-earlier period.
Holding company Meta Estate Trust has announced the total exit from the boutique residential project developed by APX Immo Property in Bucharest’s Cotroceni area.
Eaton Electro Productie, the local subsidiary of US giant Eaton, which owns two plants in Maramures county where it manufactures electrical panels and metalwork, for 2023 reported turnover worth RON1.484 billion (EUR300 million), down 7.3% from 2022, in line with ZF calculations based on Finance Ministry data.
Cake shop chain Damarin is investing EUR500,000 in a chocolate product lab, a project that will allow the company to expand beyond Craiova. Bucharest is the first target.