Banca Comerciala Romana (BCR) and Softlead, a marketplace in Romania that helps companies to choose the right software solution, based on their Digital DNA, have concluded a partnership which allows BCR clients to access a complete ecosystem of digital and financial solutions essential for business performance.
E.ON Energie Romania in the first 10 months of 2024 installed over 100 EV charging stations, public and private ones, thus going beyond 550 units installed so far on the local market.
Stay Fit Gym has become the network with the biggest number of centers opened in Romania and Eastern Europe with the launch of its 47th unit in Rahova, Bucharest.
New passenger car registrations in Romania during the January-October 2024 period rose by 5.4% from the year-earlier period, to 127,061 units, while at EU level they merely edged up by 0.7% to 8,856,195 units, in line with ACAROM and ACEA data.
The still high interest rates and continued lending aided Romania banking sector generate an RON11.5 billion record high net profit in the first nine months of 2024, up around 10% from the gain reported for January-September 2023, in line with BNR data.
Catalin Neacsu, category manager at Verdino Green Foods, a major plant-based food producer in Romania, says exports account for around 50% of total sales, with the rest coming from Romania.
Mihalache family, which owns Fermador group of Iasi, which operates on the poultry market and had turnover of around RON240 million last year, are exploring the sale of the company, according to ZF sources. More exactly, they have handed the sale mandate to a Big 4 company.
AETA Curtea de Arges (ELGS.RO), formerly Electroarges, ended the first nine months of 2024 with a loss of RON8.1 million, compared with a loss of RON8 million in the same period of 2023, while contract revenue shrank by 6.6% to RON26.4 million.
The Board of Directors of electricity supplier and distributor Electrica (stock symbol: EL) has called shareholders for a meeting on February 5, 2025 to vote in favor of approving an investment project worth nearly EUR250 million (the equivalent of RON1.3 billion), the company has announced in a report published at the Bucharest Stock Exchange on Nov 20.
The European Investment Bank (EIB) is lending EUR200 million to Romanian energy distributor Delgaz Grid to upgrade the electricity network in Romania's northeastern region of Moldavia.
A RON750 million bond issue of UniCredit Bank, part of Italy’s UniCredit Group, was registered with the Bucharest Stock Exchange on Wednesday, November 20. The issue (UCB29) is due in 2029.
Nuclear power producer Nuclearelectrica (SNN.RO) placed with Exim Banca Romaneasca a term deposit without extension in the amount of RON478.8 million, the company informed its shareholders and investors via a report to the Bucharest Stock Exchange on Nov 20, 2024.
Romanian company Gomag, which puts an e-commerce platform at the disposal of online stores, expects to end 2024 with an increase of over 30% in turnover, to over EUR3.5 million, company representatives said in a press statement.
TeraPlast (TRP.RO), the largest polymer processor in Southeast Europe, has notified shareholders and investors of having closed the acquisition of Optiplast d.o.o, following shareholder approval on November 14.
Sinteza SA Oradea (STZ.RO), one of the largest local chemical companies, has signed a letter of intent with the US company Lockheed Martin to license the GridStar® Flow technology for the production of negative electrolyte in order to build a long-term storage battery factory, an EUR50 million investment.
Amazon is closing its Machine Learning department in Romania, a decision that will affect 400 employees, says marketing, management and business consultant Doru Supeala, citing an official statement of the company that confirms the restructuring of one of the most important technological innovation centers the US giant has in Romania.
The number of construction permits for residential buildings in capital city Bucharest has nearly halved over the last three years, while the total usable area authorized for construction plunged 62%, according to the “SVN Romania Residential Market Drive” report.
Romania's mergers and acquisitions (M&A) market recorded transactions totaling USD1.7 billion at the end of September 2024, significantly higher than the USD134 million level recorded in the same period of 2023, according to the global M&A market report by Boston Consulting Group (BCG).
Distributie Energie Electrica Romania (DEER), a member company of the Electrica Group, has implemented 3 projects for smart power distribution systems in the towns of Galati, Oradea and Targu-Mures.