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A total 7,274 new insolvency proceedings were opened in Romania in 2024, 9.38% more than a total 6,650 reported in 2023, as per the latest study conducted by Coface Romania.
Law firm bpv Grigorescu Stefanica advised Romanian retail media company FOOTPRINTS AI (www.footprints-ai.com) on its latest EUR2.3 million investment round led by Catalyst Romania Fund II, with participation from Seedblink retail investors.
Global Vision, a leading real estate company in Central and Eastern Europe, has appointed Antoanela Comsa to the position of Deputy CEO, the company announced in a press statement on Feb. 26.
ASI Alpaco, the exclusive representative of ASI Group in Europe and the UK, announces the opening of a new manufacturing facility in the region of Bucharest- Ilfov by relocating its production from Belgium to Romania.
Gas and electricity provider E.ON Energie Romania, a subsidiary of German utility group E.ON, has recently completed the construction of a photovoltaic (PV) plant in the western city of Timisoara for Continental Automotive, the Romanian unit of German car parts supplier Continental Automotive.
Romania’s national grid operator Transelectrica has inaugurated the new electrical transformer station of 400 kV in the locality of Arefu, which thus ensures the stability and operational safety of the electricity transmission network and the optimal supply of consumers in the Arges-Valcea region.
Romanians everywhere who own debit cards and have accounts on www.ghiseul.ro online platform can purchase government bonds via the TEZAUR program online, starting Monday (March 10, 2025).
Economic growth expectations for 2025 stand at the average value of 1.5%, reveals the latest survey conducted by CFA Romania Association.
Romanian drug manufacturer Antibiotice Iasi in 2024 registered total revenues worth RON693 million, up 8%, and RON99 million net profit, 23% above the 2023 level.
Winemaker Purcari in 2024 reached RON382.4 million revenues, 3% higher than in 2023 amid the 13% increase on the main wine segment. Net profit shrank by 10% to RON57.3 million.
Hidroelectrica, the largest company listed on the Bucharest Stock Exchange, in 2024 registered RON4.1 billion net profit, down 35%, and RON9.1 billion revenues, 25% lower than in 2023.
Knauf group, which includes Knauf Insulation Romania and Knauf Gips, has obtained a building permit for a EUR75 million investment in a plasterboard and metallic profiles plant located in Huedin city of Cluj county.
Romania factoring market at end-2024 reached a total operations volume of around EUR9.4 billion, up 8% from 2023, in line with information provided by the Romanian Factoring Association (ARF).
SelfPay, the leader of the self-service payment station market in Romania, posted RON32.2 million net profit in 2024, almost three times the 2023 figure (RON10.8 million).
Insurance broker Transilvania Broker de Asigurare (TBK.RO) reported revenue of RON107 million for 2024, lower than RON111 million recorded in 2023, and net profit of RON2.5 million, down 67% on the year, considering that the prolonged impact of the caps in the motor third party liability (MTPL) insurance sector eroded the company’s revenues.
Engineering and tech group Simtel Team, leader in the field of renewable energy in Romania, reported net profit of RON36.7 million in 2024, up 35% against 2023, as per the preliminary financial report.
Chimcomplex (CRC.RO), the largest chemical producer in Romania, with two sites - in Onesti and Ramnicu Valcea, has called shareholders to approve among others an up to EUR60 million loan from any sources, banking and non-banking, and the sale of non-core assets up to EUR20 million, it said in a report to the Bucharest Stock Exchange.
Cupio, the Romanian cosmetics brand launched by entrepreneurs Raluca and Razvan Stefanescu 13 years ago, ended 2024 with a turnover of EUR22.8 million, at a group level, up 9.5% year-over-year, and a network of 25 physical stores nationwide.
The Peris Group, which consists of Abatorul Peris SA and its subsidiaries, Cathedral Distribution SRL and Policalita SRL, posted more than RON700 million revenue in 2024, 12% higher than in 2023, the group said.
On the 12th edition of the Bucharest Stock Exchange (BVB) Awards, the Bucharest Stock Exchange has granted 20 awards to listed companies, brokerage companies, as well as to private pension and investment funds for their achievements in 2024.19531 items