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Linnify, a Romanian IT company founded in 2016, saw its turnover top RON10 million (over EUR2 million) in 2023, up more than 12% against 2022.
Door and window manufacturer Casa Noastra of Dolj county, present on the market with QFort brand, earmarks as much as RON1 million for research, development and innovation annually.
The five-star Marmorosch Bucharest hotel, owned by Lithuanian group Apex Alliance, had an average occupancy rate of 80% in the first half of 2024, higher than in the year-ago period, and expects revenue to be at least 10% higher by the end of the year.
The manufacturer of plastic parts and subassemblies for the automotive industry Oechsler Romania, the local subsidiary of the German group Oechsler, posted RON158.2 million (about EUR32 million) revenue in 2023, up 5.5% from the previous year’s RON149.9 million (EUR30.4 million), Finance Ministry data show.
Antibiotice Iasi (ATB.RO), the largest Romanian-held drug producer, posted RON150 million revenue from exports in the first half of 2024, an increase of 25% on the year-ago period.
Car parts manufacturer Bos Automotive Products Romania, the local subsidiary of Germany’s BOS GmbH&Co. KG, had a turnover of RON421.6 million (EUR85.2 million) in 2023, down 5.6% from a RON445.4 million (EUR90.3 million) turnover reported in 2022, in line with finance ministry data.
Hungarian clothing brand Budmil has entered the Romanian fashion market with the opening of its first store locally, in the town of Targu-Mures, within the Plaza M shopping center.
The number of job vacancies reached 34.5 thousand in the second quarter of 2024, marking a decrease of 0.5 thousand compared to the previous quarter, data from the country’s statistics board INS showed on Wednesday (August 21).
Real estate developer Impact Developer (stock symbol: IMP) ended the first half of 2024 with loss of RON12.8 million, compared with net profit of RON34.3 million in the same period of 2023, amid high financial costs which were not capitalized in 2024, as per its half-yearly financial report.
Romanian-held airline AnimaWings announces the launch of a regular route between Bucharest and Dubai starting December 27, 2024, with a frequency of two flights a week.
Flaros Bucuresti (stock symbol: FLAO), a company specialized in leasing own spaces from the portfolio of Infinity Capital Investments (formerly known as SIF Oltenia), reported net profit of RON1.7 million for the first half of 2024, up 43% from the year-earlier period, as per its half-yearly financial report.
Fuchs Condimente Romania, part of Germany's Fuchs Group and one of the largest spice producers in the local market, has invested EUR14 million to expand its factory in Curtea de Arges and automate production processes.
Israel’s Nofar Energy, one of the leading renewable energy investors in Romania, has signed a loan facility agreement and a VAT facility agreement totaling EUR122 million with the European Bank for Reconstruction and Development (EBRD) and Raiffeisen International, as lenders.
Romania's Competition Council is assessing the transaction through which Arctic Stream S.A., together with the Manescu family, intends to take over Data Core Systems S.R.L.
Romania's Competition Council has fined six publishing houses and the Romanian Publishers Association a total RON5.9 million (approximately EUR1.2 million) for participating in anti-competitive agreements regarding sale prices, following a complaint filed by Bookster.
Macofil Targu-Jiu, a building material producer listed at the Bucharest Stock Exchange under the stock symbol MACO, ended the first half of 2024 with net profit of RON6.9 million, up 26% from the year-earlier period, as per its half-yearly financial report.
German-held discounter PENNY, which has some 380 stores in Romania, has started works on its fifth warehouse in the country, located in Mihailesti, in the county of Giurgiu, and the investment is estimated at EUR35 million.
French fintech iBanFirst, a leading global provider of foreign exchange and international payments for businesses, has appointed Alin Latu as Country Manager for Hungary, where the company launched operations last year.
Law firm PeliPartners assisted Austrian group Immofinanz AG in the sale of myhive Victoriei (formerly known as Bucharest Financial Plaza) to AFI Europe, in a transaction worth over EUR27 million.
Romanian artificial intelligence and blockchain technology provider Humans.ai announced the acquisition of Cluj-Napoca-based Starfish Technologies, inventor of TensorChain and part of Home of Prodigy, in a cash and shares deal, Humans.ai. representatives said in a press statement.19029 items