Automotive component manufacturer Preh Romania, a supplier for Porsche, Mercedes and Tesla, expects EUR260 million revenue this year, while the car market has not yet recovered to pre-COVID levels.
IT Group Bittnet (BNET.RO), an integrator of IT&C solutions and a provider of training services in the IT sector, has informed investors in a stock market report on Jan. 17 about the signing of a significant contract by Dendrio Solutions, part of the Cloud& Infrastructure pillar of the Group.
Real estate developer IMPACT Developer & Contractor (IMP.RO) announced in a stock market report on Wednesday (Jan. 17, 2024) that it signed six new contracts with Brasov-based RCTI Company, in which it owns a 51% stake.
Kastamonu Romania (formerly Prolemn), held by Turkey's Kastamonu Entegre, expects similar results to last year's for its wood processing plant in Reghin in 2024. The company ended the first nine months of 2023 with more than EUR100 million revenue and estimates full-year revenue to reach EUR130 million.
Latvia's Eleving Group, a global multi-brand fintech company operating in the vehicle and consumer financing business, has obtained an investment of EUR10 million for the development of business operations in the Romanian market.
The starch factory in Medgidia, which Turkey’s Tosmur Group opened in 2022, posted EUR98 million revenue in 2023 and is expecting a 10% increase in 2024, company officials say.
Local café network 5 to go aims to reach a total 650 units and a 25% annual increase in turnover, to EUR50 million, at the end of 2024.