Alro Slatina, one of the largest vertically integrated aluminum producers in Europe by production capacity, has acquired an aluminum alloy electric furnace for plates aging from SECO-WARWICK, in a $2.75 million investment.
Bulgaria’s venture capital firm Eleven Ventures, focused on pre-seed and seed investments in Southeastern Europe, has launched the second edition of Eleven Alpha, a three-month program addressing entrepreneurs taking the first steps in developing their own businesses.
FintechOS, one of the best-known tech startups launched locally, a tech provider for banks, insurers, lending institutions and financial services companies, in 2023 posted 40% revenue increase, below the 50% target.
The local subsidiary of French tech group Atos, present in Romania both via Atos Romania and Eviden Romania, seeks to recruit around 43 IT specialists.
Amer Sports Ro, part of Finnish-Chinese group Amer Sports, one of the world’s leading sportswear producers, is set to invest EUR6 million in 33,792-sqm production unit located in Eurobusiness II Oradea industrial park.
Cosmetics producer Farmec Cluj reported a turnover of over EUR70 million at the end of 2023, up over 10% on the year, which sustained an advance of 50% in its profit compared to the previous year.
Chemical compound Chimcomplex Borzesti (CRC.RO), which owns two industrial platforms, in Onesti and Ramnicu Valcea, has received the approval of Romania's Financial Supervisory Authority(ASF) for carrying out a public offer for the repurchase of shares in the amount of maximum RON21.4 million.
Affidea Romania, the biggest player on the medical imaging services market, has acquired the Explora local business based in Suceava (north-eastern Romania), which comprises three medical clinics.
Trade between Germany and Romania totaled EUR40.8 billion in 2023, with Romania ranking 17th among Germany’s trading partners, climbing three spots compared to 2022, according to the Romanian-German Chamber of Commerce and Industry (AHK Romania), citing the latest data from the Federal Statistical Office (Destatis).
Fondul Proprietatea (FP.RO) is readying the stock market listing of state-owned company Salrom, the only salt producer in Romania, as per data from the budget of revenue and expenditure for 2024.
The Board of Directors of Danube freight carrier Romnav Braila (BRNA.RO) has called shareholders for a meeting on March 11, 2024 to vote on the distribution of dividends in the amount of RON12.5 million from the 2022 profit, resulting in a gross dividend of RON5.7808 per share.
The Local Development Agency, a public company having the city of Oradea as majority shareholder, attracted total investments of EUR28.3 million in 2023, which will create 10,200 jobs until 2028, as per a press statement issued by Oradea City Hall.
QOOBISS, a fintech company focused on process automation and specializing in the development of remote identity verification solutions using video means, saw its turnover tripling in 2023, up to EUR1 million, according to company representatives.
Romania's Competition Council has approved the transaction whereby Eco Euro Doors, a company member of ROCA Group, intends to take over Workshop Doors.
Brokerage firm Goldring, one of the largest brokers on the Bucharest Stock Exchange, has successfully brokered an offer of corporate guaranteed bonds in the amount of EUR2 million issued by Mikro Kapital IFN S.A., the second largest financier of micro-enterprises on the Romanian microlending market.
Turism, Hoteluri, Restaurante Marea Neagra (EFO.RO), which manages several hotels and restaurants in Romanian seaside resorts, plans to sell two hotels and two plots of land on the local seaside, whose joint value reaches EUR15 million.
Investment Holding V7 Capital, which specializes in supporting and developing Romanian startups and businesses, has recruited Eduard Burghelia as Venture Partner.
Infinity Capital Investments (INFINITY.RO) has announced in a stock market report that it would hold on Feb 14, 2024 an open competitive bidding for the sale of a 99.99% ownership stake in Complex Hotelier Dambovita, respectively 1.75 million shares, at a minimum starting price of RON20 million.