US premium sound system maker Sonos chose northern Bucharest to open its first store in Romania at the end of last week, as part a plan to expand in the region, a market it sees as having potential.
Infinity Capital Investments has announced in a stock market report that it purchased 60.35 million shares of Electromagnetica (ELMA.RO), electrical equipment and produces electricity, representing 8.927% of the latter's share capital, for which it paid RON10.9 million.
Retail, agribusiness and food group Agroland Business System (AG.RO), which owns the largest farm supply store chain in Romania, reported operating revenue, at consolidated level, of RON189.4 million, for the first half of 2023, up 3% on the year.
AROBS Transilvania Software (AROBS), a Romanian IT company specialized in providing services and software solutions based on the latest technologies, has debuted on Monday (Sept 25) on the Main Market of the stock exchange under the stock symbol AROBS, following its transfer from the AeRO market, the equity segment of the Multilateral Trading System of the Bucharest Stock Exchange.
Romanian healthy snacks startup Unison is launching a public fundraising campaign through technology startup investment platform SeedBlink, part of the round in which VC fund Mavers Ventures and Angel Investors have already participated, according to company representatives.
TeraPlast adopts digitization solutions, and in accordance with the Group-wide strategy, estimates that within a year, 80 percent of its logistics operations processes will be carried out through software that increases efficiency and reduces the necessary delivery times.
iSTYLE, the largest Apple Premium Reseller retail chain in Central and Eastern Europe, expects to end 2023 with a turnover similar to the 2022 level of EUR112 million, up 40% versus the previous year.
ING Bank has revised its growth forecast for Romania in 2023 from its previous estimate of 2.5% to 1.5%, based on a slightly disappointing first half of the year and limited prospects for an acceleration in the second part.
Independent electricity supplier Restart Energy is preparing to go public via a capital increase and seeks to raise tens of millions of euros with it, said Valentin Bargau, VP of Corporate Operations of Restart Energy during a ZF conference.
Building materials maker TeraPlast Bistrita estimates that within a year, 80% of its logistics operations processes will be carried out through software that increases efficiency and reduces the necessary delivery times.
Lavinia Ivas, CEO of perfumery and cosmetics retailer Douglas Romania, says the near future will be marked by fiscal and legislative unpredictability and the company she runs is already bracing for a challenging 2024.
Ursus Breweries, the leader of the local beer market, has invested EUR2 million in an installation that uses energy efficiency technologies to recover heat energy from flue gas at its brewery in Buzau.
Ţiriac Imobiliare, the real estate development division of Tiriac Group, has invested EUR50 million in a residential project in the Stejarii area in the northern part of capital city Bucharest.
The Foreign Investors Council (FIC) warns of the recent proposals for tax changes, which not only substantially change the tax legislation and introduce a series of new taxes or increases, but also cancel the fundamental principle of the Tax Code that granted a six-month period needed for businesses to adjust to the new rules.
French executive François Bloch, appointed to run BRD-SocGen in 2016, is leaving his position on September 26, 2023, to pursue other opportunities inside the Société Générale Group.
Romania's Finance Ministry raised RON1.33 billion from banks on Thursday (September 21), selling government paper in two auctions, at annual average yields of 6.83% and 6.87%.
Attracting and retaining talent are top concerns for employers around the world, yet more than one-third (35%) of employees are likely to quit their job in the next 12 months, with Gen Z (38%) and millennials (37%) the most likely to leave, according to the EY 2023 Work Reimagined Survey.