A total 7,274 new insolvency proceedings were opened in Romania in 2024, 9.38% more than a total 6,650 reported in 2023, as per the latest study conducted by Coface Romania.
Law firm bpv Grigorescu Stefanica advised Romanian retail media company FOOTPRINTS AI (www.footprints-ai.com) on its latest EUR2.3 million investment round led by Catalyst Romania Fund II, with participation from Seedblink retail investors.
Global Vision, a leading real estate company in Central and Eastern Europe, has appointed Antoanela Comsa to the position of Deputy CEO, the company announced in a press statement on Feb. 26.
ASI Alpaco, the exclusive representative of ASI Group in Europe and the UK, announces the opening of a new manufacturing facility in the region of Bucharest- Ilfov by relocating its production from Belgium to Romania.
Gas and electricity provider E.ON Energie Romania, a subsidiary of German utility group E.ON, has recently completed the construction of a photovoltaic (PV) plant in the western city of Timisoara for Continental Automotive, the Romanian unit of German car parts supplier Continental Automotive.
Romania’s national grid operator Transelectrica has inaugurated the new electrical transformer station of 400 kV in the locality of Arefu, which thus ensures the stability and operational safety of the electricity transmission network and the optimal supply of consumers in the Arges-Valcea region.
Romanians everywhere who own debit cards and have accounts on www.ghiseul.ro online platform can purchase government bonds via the TEZAUR program online, starting Monday (March 10, 2025).
Economic growth expectations for 2025 stand at the average value of 1.5%, reveals the latest survey conducted by CFA Romania Association.
Romanian drug manufacturer Antibiotice Iasi in 2024 registered total revenues worth RON693 million, up 8%, and RON99 million net profit, 23% above the 2023 level.
Winemaker Purcari in 2024 reached RON382.4 million revenues, 3% higher than in 2023 amid the 13% increase on the main wine segment. Net profit shrank by 10% to RON57.3 million.
Hidroelectrica, the largest company listed on the Bucharest Stock Exchange, in 2024 registered RON4.1 billion net profit, down 35%, and RON9.1 billion revenues, 25% lower than in 2023.
Knauf group, which includes Knauf Insulation Romania and Knauf Gips, has obtained a building permit for a EUR75 million investment in a plasterboard and metallic profiles plant located in Huedin city of Cluj county.
Romania factoring market at end-2024 reached a total operations volume of around EUR9.4 billion, up 8% from 2023, in line with information provided by the Romanian Factoring Association (ARF).