Romania's Finance Ministry raised RON500 million from banks on Monday (Sept 16), selling government paper at an annual average yield of 6.48%.
Romania's IT industry, which has seen significant growth until recent years, is now feeling the effects of the global economic crisis; compared to two years ago, the budgets allocated for IT services have decreased by approximately 20%, as per an analysis by OVES Enterprise, a Romanian software development company with expertise in creating complex software solutions and AI innovations for aerospace, defense, and cybersecurity industries.
Romanian ed-tech start-up Youni, which developed the younichoice.com platform that helps students find the right university abroad, has attracted a new financing round of EUR1 million from Czech fund Soulmates Ventures (lead investor), which was joined by the fund Early Game Venture.
ALD Automotive I LeasePlan launches in Romania, Ayvens, its new global mobility brand, uniting the two companies together under a single common identity.
More than two-thirds (73%) of European bank clients have kept their primary account at the same institution for five years or longer, but Romanian clients are less loyal to their bank compared to their European peers, considering that one in five Romanians work with at least three different banking institutions, as per a survey conducted by management consulting company Kearney.
German retailer Lidl continues to invest in Romania by opening three new stores in Bucharest, Sibiu and Rasnov, for which 86 new jobs have been created.
Romania’s Competition Council is assessing the deal whereby Greece’s Public Power Corporation (PPC) plans to take over local companies Felix Renewable Holdings SRL, Tomis Team SA, Ovidiu Development SA, MW Team Invest SRL and TMK Hydroenergy Power.
Dacia’s Mioveni plant will implement a new car paint process in the coming period, a reason why Renault group has asked for a RON37.5 million state aid to cover almost half of the overall RON85 million sum.
Financial analysts part of CFA Romania Association anticipate a 4.95% inflation rate for the next 12 months (August 2025), higher than they estimated one month ago, and an average exchange rate of 5,0735 units/Euro, in line with the August survey.
A team of deal specialists of PwC Romania has assisted US company Kiteworks in the deal whereby it acquired 123FormBuilder of Timisoara, a cloud-based platform that enables businesses to digitize and automate data collection workflows using online forms and surveys.
Romanian precast concrete product manufacturer ASA CONS, owned by Consolis group, has budgeted RON5 million investments for 2024 to develop production.
After acquiring two hotels abroad, more exactly Grand Hotel Gardone of Italy and Waldhaus Flims Wellness Resort of Switzerland, Paval Holding is also looking at the local market to invest in the hotel sector, says Karina Paval, its vice-president.