INVL Baltic Sea Growth Fund, the leading private equity fund in the Baltic area, has signed an agreement for stock acquisition in Pehart Grup, one of southeastern Europe’s largest paper producers.
IPEC (Întreprinderea de Portelan Elena Covaciu), the company that manufactures ceramic products for household and ornamental use and is one of IKEA's main suppliers on the local market, expects to end the current year with turnover worth around RON137.5 million (EUR27.6 million), down from 2023, when it raked in RON143.4 million (EUR29 million).
Fitness center network Stay Fit Gym continues investments and accelerated growth and wants to reach around 70 units countrywide by end-2025, against almost 50 units at the end of this year, explained Alexandru Lascar, co-founder of Stay Fit Gym.
MedLife group, the largest private healthcare player by turnover in Romania, aims to expand further, either via acquisitions, or by opening new clinics, particularly in cities where it does not have a strong foothold.
Steel mill ArcelorMittal Hunedoara (stock symbol: SIDG) is temporarily scaling down its business operations during December 9 - 31, 2024 period amid economic difficulties caused by a lack of orders, the company announced in a report sent to the Bucharest Stock Exchange.
Romanian shipbuilder Santierul Naval Severnav (stock symbol: SEVE) based in Drobeta Turnu-Severin, has announced in a stock market report on Monday (Dec. 9) the conclusion of a contract worth EUR4.5 million for the construction of a ship hull.
Rainwater and Roofing Systems Producer Raiko Transilvania (stock symbol: RKOT) has announced in a stock market report on Dec. 9 that it has entered insolvency proceedings following a ruling issued by the Specialized Court in Cluj.
Over 250,000 Romanians from diaspora are coming to Romania during the month of December for the winter holidays and many of them are set to undergo various dental treatments considering that prices are up to 80% more affordable than in the West, as per data from LIFE Dental Spa and VIVO Dental, dental clinic chains specialized in high-precision laser dental treatments, part of the LIFE Group medical services network.
Digi Romania S.A., as borrower, together with Digi Communications and Digi Spain Telecom S.L.U., as original guarantors, have entered into two financing agreements, the company has announced in a stock market report released on Dec.9.
Romania's Finance Ministry raised roughly RON2 billion from banks on Monday (Dec 9.), selling government paper in two auctions, at annual average yields of 6.87% and 6.68%, respectively.
The Bucharest Stock Exchange (BVB) has published on Monday (Dec. 9) the revised corporate governance code for the Romanian market, which was achieved in collaboration with the European Bank for Reconstruction and Development (EBRD).
OLX, the online classifieds platform in Romania, is expanding its offices leased in the America House building in central Bucharest by 43% up to a total of 1,663 square meters after its team has increased to 200 employees over the last seven years.
The share of households in Romania that had access to internet at home reached 88.6% of the total in 2024, up 2.9 percentage points compared to 2023, in line with data released by the country's statistics board on Monday (Dec. 9).
Romania’s National House of Public Pensions has signed a RON109.9 million contract, VAT not included, for a new integrated information system, supplied by the joint venture between AROBS Systems SRL and WING LEADING EDGE.
The local arm of US giant Oracle has taken over the local subsidiary of US company Cerner, a developer of software for the health industry, which had an office in Brasov with almost 200 employees, in the wake of an international deal.
Startup Growdash of Dubai, specializing in business intelligence solutions for restaurants, has invested EUR300,000 this year on the local market, with Romania being its gateway into Europe, where it plans to expand quickly in the coming years.
Venture capital fund Underline Ventures has $13 million left for investment in tech startups, both in Romania and on other markets, said Bogdan Iordache, managing partner.
French group Carrefour, present locally with around 450 stores under various formats, is accelerating its development in a franchise system in Romania, aiming to reach over 100 units operated by partners in the near future, from 33 today.
The European Bank for Reconstruction and Development (EBRD) intends to support the design and implementation of future renewable energy auctions in Romania, as per a Memorandum of Understanding signed by the country’s Energy Minister Sebastian Burduja and EBRD Head of Romania Victoria Zinchuk, the EBRD has announced in a press statement on Friday (Dec 6).