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Companies in the European Union weathered relatively well the health, price and trade shocks of the last four years and have increased their ambitions for green and digital transformation, according to a 2024 survey by the European Investment Bank (EIB).
Ebury, a global fintech that empowers businesses to trade and grow internationally, has appointed Mihai Lazar to the position of Country Manager for Romania.
The three Retele Electrice companies, part of the PPC Group in Romania, have initiated a public tender on the SEAP platform, with a maximum combined value of nearly RON55 million (excluding VAT), for the purchase of transformers from medium voltage to low voltage, which are necessary in modernization projects aimed at increasing the resilience and reliability of their distribution networks.
Ioana Moldovan, former Corporate Sales Manager at Medlife Romania, took over as General Manager of SanoPass, a digital platform that unifies and facilitates access to health, fitness and nutrition, starting October 2024.
The ranking of the 20 commercial brands, which were declared eligible for the Superbrand status in the 2024 edition of the Superbrands Romania Program conducted by BDR Associates agency, confirms the trend of diversifying consumer choices, with 51% of the brands validated as eligible coming from industries such as Retail, Services, Construction, Furniture, Technology, Automotive, Media, Healthcare, HoReCa, while 49% are active in the FMCG sector.
Romania’s construction sector reached record highs in 2023 and 2024, backed by strong private demand for certain property segments and a significant increase in public investments, but 2025 is expected to be challenging, as per an analysis of real estate consulting firm Colliers regarding the evolution of the real estate market in the first six months of 2024.
Romania private lending went up by 8.4% in September 2024 against September 2023, to a total of RON413.2 billion, central bank data showed on Wednesday, October 23, 2024.
The European Investment Fund (EIF) has sealed agreements with UniCredit Bank, Alpha Bank, Libra Internet Bank, BRD Groupe Société Générale, Patria Bank, Intesa Sanpaolo Bank and Garanti BBVA to support local SMEs.
Romania Buy Now Pay Later (BNPL) market is in full swing, supported by fast digitalization and consumers’ changing behavior, said Alexandru Balaci, CEO of Mokka Romania, a provider of BNPL services.
Wiring and automotive applications manufacturer Hirschmann Automotive TM, the local subsidiary of Austria’s Hirschmann Automotive in 2023 registered turnover worth RON849.8 million (EUR171.8 million), up 25.7% from 2022, in line with Finance Ministry data.
Paint manufacturer Sentosa Impex of Salaj county, owned by Boca family, for 2023 reported turnover worth RON75.4 million (EUR15.2 million), slightly down, by around 0.8% from 2022, in line with ZF calculations based on Finance Ministry data.
Fondul Proprietatea (stock symbol: FP) has announced in a stock market report on Oct 22 that it is calling shareholders for a meeting on December 2, 2024 to vote among others on delisting the global depository receipts (GDR) from the London Stock Exchange and approving a program for the repurchase of 320 million shares in 2025.
Chemical producer and supplier Chimcomplex Borzesti (stock symbol: CRC), with two industrial platforms in Onesti and Ramnicu Valcea, has signed a memorandum of understanding (MoU) with Econic Technologies, a UK-based deep tech company focused on renewable carbon, in order to explore potential production of CO₂-based polyols.
Electricity supplier and distributor Electrica (stock symbol: EL) announced in a stock market report on Oct 22 the decision of the company's Board of Directors to approve the investment plan worth RON3.7 billion for the subsidiary Distributie Energie Electrică Romania (DEER) for the 2025 – 2029 period.
Maria Zoicas is joining ING Bank Romania as Head of the Human Resources Department, effective November 2024.
Romania had the third largest government deficit (- 6.5%) in the European Union (EU) in 2024, behind only Italy (-7.2%) and Hungary (-6.7%), according to data published by EU's Statistical Office (Eurostat) on Oct 22.
Romania's Competition Council is submitting for public debate the second set of commitments proposed by Delhaize “The Lion” Nederland B.V. (Mega Image) to address competition concerns identified in the retail market for predominantly food products, in the context of its acquisition of Profi Rom Food S.R.L.
Chemical fertilizer companies Donau Chem located in Turnu Magurele and Ga Pro Co located in Neamt County will be put up for sale again, through direct negotiation with investors, according to judicial liquidator Sierra Quadrant.
FintechOS, an end-to-end financial product management platform, has announced the appointment of Lidia Cîrstei as Chief of Staff & Business Transformation, effective October 1, 2024.
Cluj-Napoca in the first nine months of 2024 registered a record high number of office space leasing deals, generating 825 of the area traded nationwide and volumes are estimated to be three times higher than in 2023 by yearend, reveals an analysis by Fortim Trusted Advisors, a member of the BNP Paribas Real Estate Alliance.19029 items