Romania's Competition Council has announced in a press statement on August 5 that it conducted unannounced inspections at eight units that carry out car repairs covered under the compulsory civil liability insurance RCA.
More than 3,600 companies went insolvent in the first half of 2024, which translates into a 5.8% increase compared to the first six months of 2023 when a total of 3,401 company insolvencies were recorded, as per an analysis by insolvency specialist CITR.
Universum Events SRL, the company organizing tech events such as Bucharest Technology Week and GoTech World, ended 2023 with a turnover of RON27.7 million, up 39% versus 2022, as per finance ministry data.
How to Web Media SRL, the company organizing the How to Web tech conference, had a turnover of RON1.98 million in 2023, down 9% from 2022, as per finance ministry data.
New registrations of road vehicles for passenger transport increased by 17.3% in the second quarter of 2024 compared to the second quarter of 2023, data from the country’s statistics institute INS show on Monday (August 5, 2024).
Garanti BBVA, a bank part of Garanti BBVA Romania group, ended the first half of 2024 with net revenues worth RON319.6 million, up 30.6% from the year-earlier period, while net profit overshot RON78.2 million and assets totaled RON15.87 billion.
Law firm Filip & Company assisted the Portugal subsidiary of telecom group Digi in the sealing of a contract to acquire the shares issued by Carbonitel S.A.
One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, has obtained the building permit for One Technology District, a project that will host the largest semiconductor R&D centre in the Southeast Europe, operated by German giant Infineon Technologies, a Frankfurt Stock Exchange-listed company and a global leader in semiconductors.
Swedish group OX2, one of the newly entrants on the local green energy market, has sealed its first sale agreement for a 99.2 MW onshore wind project of Romania to Nala Renewables, a joint venture between Trafigura Group, one of the world’s biggest independent commodity traders, and investment fund IFM Net Zero Infrastructure Fund.