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.
Cargus, a major player on Romania’s courier services market, is expanding its foothold on the markets of Czechia, Slovakia, Germany, Hungary, Bulgaria and Greece after entering Poland, where it has a cross-dock operational facility for international players wanting to sell their products to Romanian consumers.
Modern store networks now cover 33 localities of Romania, with a total of 4.24 million square meters, and will reach another five new cities in the next two years, with the top positions held by Bucharest (1.24 million square meters), Timisoara (234,799 square meters) and Cluj-Napoca (194,709 square meters), stated Nicolae Ciobanu, managing partner-head of advisory and Fortim Trusted Advisors.
Romanians last year spent RON11.7 billion (EUR2.4 billion) in casinos, gambling halls, with the sum being a record high one, around 15% higher than in 2022.
Private pension fund Metropolitan Life Pensii Private, with assets worth RON16.2 billion invested on behalf of 1.1 million Romanians, made five acquisitions at the Bucharest Stock Exchange in August 2023, as per data aggregated by Ziarul Financiar (ZF) daily.
Irish-American fintech Stripe has signed a lease contract for 1,000 square meters of office space in the co-working space The One within Bucharest's One Cotroceni Park project, as per data on the real estate market.