IPP Holding, a Romanian company operating in the field of retail marketing services founded by Ionut Valeriu Corniciuc, has completed the acquisition of the majority stake (90%) in Imersia Multichannel Agency.
Franklin Templeton International Services (FTIS), manager of AFIA and sole director of Fondul Proprietatea, announced Marius Dan will replace Johan Meyer as Branch Manager of FTIS Bucharest Branch starting July 1, 2025.
Libra Internet Bank, part of US investment group New Century Holdings, in 2024 generated net profit of above RON270 million, 14.8% lower than in 2024, mainly on the introduction of the turnover tax.
Distribution company Delgaz Grid, part of E.ON group in Romania, in 2024 completed three investment projects totally worth RON10 million (EUR2 million) for the upgrading and expansion of the gas network of Satu Mare county.
Tire producer Pirelli Tyres Romania, the local subsidiary of Italian giant Pirelli, owned by Chinese state-owned China National Chemical, for 2024 reported turnover worth RON4.418 billion (EUR888.2 million), slightly up in lei, by around 0.6% from 2023.