National grid company Transelectrica (TEL.RO) is calling shareholders for an extraordinary general meeting on August 12 to approve the acquisition of a stake in a new company, it said in notice sent to the Bucharest Stock Exchange.
France-based Believe, one of the leading digital music companies in the world, has bought 25% in Global Records, established by Stefan Lucian in 2008.
State-run natural gas producer and supplier Romgaz (SNG.RO) has modified a gas sale-purchase contract with Engie Romania, the largest natural gas distributor in Romania, as a result of the decline in price, the company said in a report to the Bucharest Stock Exchange on Wednesday.
Romanian tech startup Telerenta, which operates the only electronic equipment rental platform in Southeast Europe aimed at home users, and, since the end of 2023, also companies, is expanding its operations to Poland.
One United Properties, the leading green developer and investor in residential, mixed-use, and office real estate in Romania, has announced the value of developments under construction exceeded EUR1.5 billion in 2023, while the overall area under development neared 900,000 square meters.
PE-backed companies created 7.1% more jobs (with 4,027 more employees against 2021), compared with the 2.3% increase of the overall economy in 2022, while this category’s turnover rose by EUR5.2 billion during the 2019-2022 period, reveals the annual report of the Romanian Private Equity Association (ROPEA), conducted jointly with Deloitte Romania.