Pentalog Romania S.R.L. and Pentalog HR Romania S.R.L., the subsidiaries of software company Globant, merged at the end of June 2024, as per shareholders' decision published in the Official Gazette.
Romania’s first regional investment fund for business acceleration, an initiative of the West Regional Development Agency, with a total budget of EUR14 million, has reached the stage of selecting its manager.
The Mintia gas power plant in Romania will be the largest of its kind in the European Union when commissioned in 2026, said the country's Minister of Energy.
Sweden's Syntronic, a leading design house specializing in advanced product and systems development, production, and aftermarket services, has opened a site in Romania, in Timisoara, and the new entity is named Syntronic Production and Aftermarket Services.
PPC Group (Public Power Corporation) has announced that it has signed an agreement with Evryo Group, owned by Macquarie Asset Management, to acquire their renewable energy generation portfolio in Romania, which comprises 629 MW RES (renewable energy sources) in operation, and about 145 MW in pipeline assets.
Italian group De'Longhi, one of the world's largest actors in the small household appliances manufacturing market, has inaugurated its third production facility in Romania, in Satu Mare.
Underline Ventures, the venture capital fund set up by Bogdan Iordache, in its two years of activity has invested around $6 million in 13 tech startups both from Romania and the other countries of the region, in projects with international expansion potential.
The European Bank for Reconstruction and Development (EBRD), together with Eiffel Investment Group, will provide EUR24.4 million funding to INVL Renewable Energy Fund I, a fund investing in renewable energy projects, for the construction of a 60 megawatts (MW) capacity solar power plant in Romania.
Italy’s Manni Group, which owns insulating panel maker Isopan in Romania, has signed a joint venture agreement with Marcegaglia Steel for the insulating panel and sectional door panel making divisions to create a new entity set to become the second leading insulating panel manufacturer in Europe, with customers in more than 70 countries throughout the world.
Intuitive.Cloud Romania, the local subsidiary of the US company specializing in cloud engineering, wants to hire more than 100 professionals in Romania in the next 12 months, for various roles and has chosen to collaborate with recruitment firm Hays Romania to this end.
On Thursday, NATO reacted to the wreckage of a Russian-origin Shahed kamikaze drone found in Romania, saying there were no signs of a deliberate Russian attack on an Alliance member state.
Italian group UniCredit for the first half of 2024 reported net profit worth EUR184 million from Romania operations, up around 39% from the gain of H1/2024, amid rising lending and revenues.
Chip manufacturer NXP Semiconductors, which has a software development center in Romania, reported higher turnover, profit and average number of employees for the local subsidiary.
Polish clothing manufacturer LPP, which owns and operates store chains Reserved, Mohito, Cropp, Sinsay and House, is opening its second warehouse for online sales in Romania, within CTPark Bucharest West near Bucharest, in Bolintin-Deal.
Computer and electronics retailer Flanco, the second largest actor in the local sector by turnover, has relocated its headquarters to the Sky Tower office building in capital city Bucharest, the tallest building in Romania, held by Raiffeisen Property Holding International.
Garanti BBVA Leasing, part of the Garanti BBVA Group Romania, is signing a new EUR10 million loan agreement with the European Bank for Reconstruction and Development (EBRD) to support the development of SMEs in Romania.
Household cleaning and personal care products manufacturer, importer and wholesaler Interstar Chim, whose portfolio includes the brands Igienol, Rivex and Aroxol, seeks to go beyond the RON200 million turnover mark in Romania, for the first time, expecting a 13% increase in 2024.