Romania's Finance Ministry raised RON2.57 billion from banks on Monday (Feb. 24), selling government paper in two auctions, at annual average yields of 6.92% and 7.40%, respectively.
Asahi Group Holdings (AGH) has promoted Dragos Constantinescu to the position of CEO of its European and international operations (excluding Japan, Australia and Asia), effective April 1, 2025, following the decision of CEO Paolo Lanzarotti to retire from executive activity.
Law firm Guia Naghi si Partenerii (GNP) announces the promotion of Tudor Nacev as Partner tasked with coordinating the firm's Regulatory Pharma and Public Procurement Practice.
Romania's Competition Council is looking into the transaction through which Japan's Niterra Co., Ltd., plans to acquire Japan's Toshiba Materials Co., Ltd., from Toshiba Corporation.
International rating agency Fitch Ratings has affirmed Romania's long-term foreign-currency issuer default rating (IDR) at 'BBB-' and outlook at 'negative'.
Private pension fund total assets overshot RON160 billion in February, the equivalent of over 9% in GDP, after the number of participants reached 9.12 million at end-2024, in line with data provided by Romania’s Financial Supervisory Authority (ASF).
evoMAG sales to companies climbed to EUR7.5 million in 2024, the equivalent of 15% of the company’s total sales.
Safetech Innovations, a Romanian cybersecurity company listed at the Bucharest Stock Exchange, with offices in Bucharest, London and Abu Dhabi, registered RON59.8 million revenues at individual level in 2024, up 28% from 2023, turnover of RON42.3 million, up 36%, and RON13.5 million net profit, 39% higher than in 2023.
Morphosis Capital Partners, a private equity firm founded by Simona Gemeneanu, Gabriela Dumitru, Dragos Petre and Andrei Gemeneanu, has carried out its first investment outside Romania by taking over a minority stake in EnduroSat, a European satellite developer and supplier of space services set up by Raycho Raychev.
Real estate holding Meta Estate Trust intends to invest EUR10 million this year in the retail real estate sector.
Romania hotel market has doubled its size in the past 25 years, from 811 hotels in 2000, to 1,600 hotels in 2024, in line with the country’s statistics board INS.