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Amundi, the European leader in asset management, is expanding its operations through a new partnership for the distribution of investment funds in Romania with TradeVille, the largest retail broker on the local market, the companies said in a press release.
Bucharest-based M247 Europe, one of Romania's leading providers of hosting, connectivity and data management solutions, is expanding its global network with three new points of presence in Helsinki, Atlanta and Chicago to deliver colocation and cloud services, the company said in a statement.
The Sandbox, a global metaverse platform founded in France, has announced the acquisition of Romanian blockchain and Web3 company QED Builders.
Devhd, a company providing consulting and digital transformation services, had a turnover of EUR1.3 million in 2024, up 25% compared to 2023, a result aligned with the initial financial estimations, company representatives said in a statement.
tbi bank plans to launch new MREL-eligible bond issues in Romania and Greece, alongside Bulgaria, aiming to raise a total of EUR60 to EUR80 million to support its rapid business growth from a regulatory perspective.
Law firm Filip & Company has elected its new management and will be led for a 4-year term by the team of Co-Managing Partners formed by Cristina Filip and Alexandru Bîrsan.
Lion’s Head, an investment fund active in Romania and Bulgaria, has acquired a land plot of 15 hectares located in Popesti-Leordeni, in the southern part of Bucharest.
XTB group in 2024 registered EUR435.3 million, up 21.8%, and EUR199.7 million net profit, 14.3% above the 2023 level, supported by rising client numbers and expansion of investment offering.
Romanians bought medicines worth RON34 billion (EUR6.86 billion) last year, 13.8% more than in 2023, as prescription drugs in pharmacies totaled RON20.8 billion (up 14.2%) and OTC ones RON8 billion, up 6.2%, in line with a report by consultancy company Cegedim.
Advertising agency Brand Management reported an almost 40% turnover increase in 2024, to RON15 million amid a rising volume of implemented campaigns and higher budgets earmarked by brands for promotion in shopping centers.
Romanian startup Footprints AI, which has developed an AI-based retail platform, is readying for a new growth stage after having registered a sixfold revenue increase in 2024.
The slow expansion of the gas network, the strong increase in photovoltaic panel installations and demand for green alternatives are pushing up demand for house heat pumps.
January 2025 brought soaring prices on the Bucharest market of old three-room apartments after a year and a half of increases. After the 8.6% annual advance of December, in January the market saw asking prices rise by 9.5%.
The natural gas production of Romanian gas producer and supplier Romgaz (stock symbol: SNG) stood at 4.9 billion cubic meters (bcm) in 2024, almost 4% higher than the 2023 level, which is very good considering the overall performance of the domestic hydrocarbon production, according to the company's operational report.
The owners of Maviprod-IRUM Group based in Reghin expect revenue to be 10% higher in 2025 than in 2024, when it was about the same as in 2023.
Romanian-held Pluridio, a company specializing in development of software solutions for capital markets, has opened an office in London, Pluridio UK Ltd, as expansion the UK is part of its global expansion strategy, with a focus on EMEA – Europe, Middle East and Africa.
Agroland Business System (stock symbol: AG), the Romanian entrepreneurial retail, agriculture and food group that owns the largest network of agricultural stores in Romania, produced 58.4 million table eggs in 2024, 28% more than 45.6 million eggs produced in 2023.
Romanian electronic device maker Visual Fan (stock symbol: ALW) said in a stock market report on Feb. 4 that its green energy division Allview Solar Energy has signed a contract to develop a 1.963 MWp solar park, in partnership with local majority state-owned salt producer Societatea Nationala a Sarii (Salrom).
Tuborg Romania, one of the leading players in the local beer market, has appointed Gheorghe Andresz to the position of Vice President of Sales.
Validator, a German startup specializing in artificial intelligence system governance and testing, has attracted a new round of funding from a consortium of investors, which includes Bitdefender Voyager Ventures, a special purpose vehicle created by Bitdefender, one of the most powerful companies in the Romanian IT industry and from EnBW New Ventures, Karlsruhe Institute of Technology and Start-up BW Seed Fonds.19531 items