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SITA, the world's leading specialist in air transport communications and information technology, has announced the opening of a research and development (R&D) center in Cluj-Napoca, which is the first such center opened in Eastern Europe, company representatives told a press conference.
Control F5 Software, a developer of personalized software solutions, ended 2023 with a turnover of over RON3.9 million, up 41% on the year, as per data published on the finance ministry website.
Intesa Sanpaolo Bank, the Romanian subsidiary of the Intesa Sanpaolo Group, Italy's largest banking group, has appointed Alessio Cioni as General Director and Chief Executive Officer.
Restaurant group City Grill, controlled by Dragos Petrescu, is taking over the majority stake in restaurant chain Marty, launched by Marcelus Suciu in 1999 in Cluj, and steps up expansion on Transylvania market.
Local startup Footprints AI, which has developed an AI-based Retail Media platform, currently has a funding round totally worth EUR2 million underway.
Nhood Romania, the integrated real estate services company of the Association Familiale Mulliez (AFM), is continuing the investment envisaging the construction of a mixed-use project in Resita, and this is part of a EUR100 million investment plan for Romania.
Chemical producer and supplier Chimcomplex Borzesti, with two industrial platforms in Onesti and Ramnicu Valcea, announced it is in preliminary talks for a potential acquisition of Azomures, Romania’s most important chemical fertilizer producer.
Insolvent online retailer Elefant, which has bonds listed on the Bucharest Stock Exchange (ELF26.RO), recorded a turnover of RON15.8 million for January-June 2024 period versus RON53 million in the same period of 2023, while its loss soared to RON17.7 million from RON11.2 million, as per the company's profit and loss (P&L) statement for the first half of 2024, released on October 8.
Nuclear power producer Nuclearelectrica (stock symbol: SNN), the operator of the power plant in Cernavoda, announced in a stock market report on October 8 the appointment of Daniel Adam as Chief Financial Officer (CFO) of the company for a term of office between November 1, 2024 and February 15, 2027.
The management of Holde Agri Invest (stock symbol: HAI), one of the largest farmland operators in Romania, announced in a stock market report on October 8 about the change of Bogdan Serghiescu from the position of Chief Financial Officer (CFO) of the company, with the role being assumed by Bogdan Lungu.
Norofert, a producer of organic farm inputs and provider of biotechnology for agriculture in Romania, listed on the AeRO market of the Bucharest Stock Exchange, has announces the approval of its Board of Directors to conduct a public offering of corporate bonds, valued at up to RON15 million.
Romanian coffee shop chain 5 to go, launched on the local market less than a decade ago, has opened its first café in the Republic of Moldova, in the city of Chisinau.
The number of impact companies in imminent insolvency increased by 18% in 2024, to 8,190, and the number of impact companies in difficulty reaches the highest level since 2013, as per an analysis by insolvency specialist CITR.
tbi bank, a provider of alternative payment solutions, which operates in Romania, Bulgaria, Greece, Germany and Lithuania, is opening its own technology hub - tbi tech, in Türkiye.
Rompetrol Rafinare, a member company of the KMG International group, has announced in a press statement on Oct 8 that it continues to invest in equipment that supports the efficiency of the operational flow in the Petromidia refinery.
Romania's Competition Council has authorized the transaction through which OMV Petrom S.A. intends to outsource certain services to the partnership formed by Eugen Trans S.R.L. and Rohrer Oil & Gas Services S.R.L., along with the employees who provide these services.
Japanese-held JTI, which produces cigarettes under Winston, Camel and Sobranie brands, and owns ploom, a tobacco heating device, has set up a tech center in Romania, with around 140 employees at present.
The overall turnover of companies holding the top ten spots in the National Ranking of Companies compiled by the Chamber of Commerce and Industry of Romania (CCIR) reached EUR270.56 billion in 2023, while the operating profit generated by these companies totaled EUR25.55 billion.
Real estate developer RRG Real Estate Group is starting the first phase of housing project Lakeside11 of Bucharest’s Straulesti area and expects to complete it by end-2026, with total investments amounting to EUR60 million.
Lunet Studio, a Romanian medical optics company founded by brothers Alexandru and Stefan Gugurel, in the first six months of 2024 registered 72% turnover growth, to RON2.3 million, after the opening of the third store of the network, in Bucharest.19990 items