Romania's foreign exchange reserves increased by EUR2.5 billion over the course of September 2024, up to EUR65.77 billion at the end of the month, compared with EUR63.18 billion at the end of August 2024, central bank data showed on Tuesday (Oct 1, 2024).
Alfa Group, through the company Iride Development, has acquired from CPI Romania the largest part of the IRIDE Park project, the related logistics and two nearby buildings, for potential developments subsequently, as per an agreement signed by the two parties on October 1, 2024.
Romanian company Aliant, an integrator of IT solutions and provider of Hyper Automation and Managed Print Services solutions, announces the acquisition of a 67% ownership stake in the company SoftPepper, a player in the business software development market in Romania, representatives of Aliant said in a press statement.
MET Group, a Swiss-based European energy company with activities in natural gas, and power markets, focused on multi-commodity wholesale, trading and sales, has concluded a partnership with Celsius for the construction of a tank ship designed for transporting liquefied natural gas (LNG).
KPMG Romania and Moldova announced the promotion of Andreea Niculae, Ioana Zenaida Rizea-Popp, Irina Rubeli and Mihaela Ionescu to the role of Partner and six other professionals to the role of Associate Partner.
RoPower Nuclear SA, the project company for the development of small modular reactors (SMRs) in Romania on the site of the former coal-fired powerplant in Doicesti, set up by Nuclearelectrica and Nova Power & Gas, has recently obtained $99 million funding from the part of the Export-Import Bank of the USA (EXIM) for the development of the SMR project of Doicesti.
Teilor Holding, a group of companies that includes luxury jewelry chain Teilor, is readying to raise funding on the Bucharest Stock Exchange via a bond issue of as much as RON40 million (EUR8 million) in a bid to support its plans envisaging new store openings, as well as for investments and working capital.
First Bank, part of Intesa Sanpaolo Group, has broadened its portfolio with the Instant Payments service developed by TRANSFOND, allowing for the interbank transfer of sums of up to RON50,000 in less than ten seconds.
Private healthcare company MedLife has completed the acquisition of Antares Clinic group, which owns three units in Piatra Neamt, Botosani and Onesti, as well as two labs in Piatra Neamt and Botosani.
Footwear retailer Benvenuti, majority held by local entrepreneur Dan Pavel, has reopened the store of shopping center Vivo! Cluj-Napoca in a new location and with a new concept, after an over EUR120,000 investment, thus reaching a 54-unit nationwide network.
Raffaello Shoes Factory, Romania’s biggest footwear producer, owned by Italy’s Grisport, in 2023 registered turnover worth RON315.1 million (EUR63.7 million), down 21.9% from 2022, in line with ZF calculations based on Finance Ministry data.
Prodal 94, a major spirits producer on the Romanian market, ended 2023 with turnover worth around RON192.7 million (around EUR39 million), 9.8% higher than in 2022, in line with ZF calculations based on Finance Ministry data.
Solder paste and adhesive materials manufacturer Heraeus Romania, the local subsidiary of Germany’s Heraeus, in 2023 registered turnover worth RON458.8 million (around EUR92.8 million), up 15.8% from 2022, in line with ZF calculations based on Finance Ministry data.