Drug store chain Tei, one of the most dynamic on Romania’s market, founded by entrepreneur Roxana Maftei, continues to expand outside Bucharest and has opened a new store together with Bebe Tei in Pitesti, according to the company’s officials.
Car parts manufacturer Joysonquin Automotive Systems Romania, the local subsidiary of Chinese concern Joyson, for 2022 reported turnover worth RON584.4 million (EUR118.5 million), up 2.3% on the year, in line with ZF calculations based on Finance Ministry data.
Vitesco Technologies, a leading company in the field of modern powertrain technologies and electrification solutions and a spin-off of the Continental Group and former Continental Powertrain, has opened a new qualification and validation lab in business center Vox Technology Park of Timisoara, in the wake of EUR13.1 million investments.
Romanian brand 5 to go has advanced to the ninth place in the European top of coffee shops for 2022, according to the annual ranking recently published by Food Service, Europe & Middle East.
Hidroelectrica (H2O.RO), the largest company at the Bucharest Stock Exchange and the most profitable state-run firm, said in a stock market report that Petre Iulian Nicolescu was appointed Chairman of the Supervisory Board on October 2.
Softone Group, present on the local market through its subsidiary SoftOne Romania, announces a strategic investment in Global Sustain, the main company specialized in consulting services and ESG (Environmental, Social and Governance) solutions on the Greek market, with a view to setting up a new company for the design of the ESG platforms.
Veolia Romania Integrated Solutions, a member company of Veolia Romania and a provider of water, sewage, and thermal energy system operation, maintenance, and management services, has concluded a partnership with Holde Agri Invest, an entrepreneurial company engaged in agricultural land exploitation.
The Bucharest Stock Exchange (BVB) is investing in students' future through the modernization project of Amphitheater 2101 within the Bucharest University of Economic Studies (ASE).
The net flow of foreign direct investment (FDI) in the financial intermediation and insurance sector saw a 47.4% decline due mostly to removing restrictions on dividend payouts, which was imposed by Romania's central bank at the onset of the COVID-19 pandemic, in order to ensure the capital resources essential in dealing with the impact of the pandemic on the balance sheets of credit institutions, as per central bank data.
Distributie Energie Electrica Romania (DEER), a member company of the Electrica Group, and the Technical University of Cluj-Napoca (UTCN), through the Energy Transition Research Center (EnTREC), have concluded a new active partnership, within an international research-innovation project.
Total assets of insurance companies in Romania stood at RON26.3 billion at the end of the first quarter of 2023, up 2.5% on the year, while debts stagnated at RON19.4 billion, up just 0.1% on the year, as per data from the country's Financial Supervisory Authority (ASF) in its report on the evolution of the insurance market in Q1/2023.
Electrica Furnizare has announced the signing of a partnership with the Romanian fintech Finqware for accessing the services offered by the FinqTreasury platform, which is based on open banking technology.
Transavia, a leading poultry producer in Romania, exports to 30 countries, including Bulgaria, Croatia, Congo, Estonia, France, Germany, Greece, Ireland, Italy, Lithuania, Malta, UK, the Netherlands, Poland, Serbia, Slovakia, Hungary.
Romania's industrial production prices for the total (domestic market and non–domestic market) decreased by 3.3% in August 2023 compared to August 2022, data from Romania’s National Statistics Institute INS showed on Tuesday (October 3, 2023).
Vodafone, one of the largest players on the local IT&C market, has appointed Ciprian Zamfirescu to the position of Head of Innovation and Business Development.
Polish company Wittchen, a retailer of travel bags, cases and accessories and leather goods, will enter Romania’s market, with the first store located in Bucharest’s ParkLake shopping center.
Tech company 2Performant Network, the main player on Romania’s affiliate marketing market, intermediated sales worth EUR33.5 million (VAT not included) in its own platform in July-September period, 38% above the level of 3Q/2022, generating fees worth EUR2 million for its affiliates, up 31%.
September brought more than one million applications on the labor market, the highest level since the start of the year, but also around 10% more than in September 2022, reveals an analysis by eJobs, Romania’s largest online recruitment platform.
Suceava-based wrought iron producer Trutzi, controlled by entrepreneur Ciprian Nutu, in 2022 generated turnover worth RON425.4 million (EUR86.2 million), up around 21% from 2021, in line with ZF calculations based on Finance Ministry data.