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National grid company Transelectrica (TEL.RO) is calling shareholders for an extraordinary general meeting on August 12 to approve the acquisition of a stake in a new company, it said in notice sent to the Bucharest Stock Exchange.
France-based Believe, one of the leading digital music companies in the world, has bought 25% in Global Records, established by Stefan Lucian in 2008.
State-run natural gas producer and supplier Romgaz (SNG.RO) has modified a gas sale-purchase contract with Engie Romania, the largest natural gas distributor in Romania, as a result of the decline in price, the company said in a report to the Bucharest Stock Exchange on Wednesday.
Romanian tech startup Telerenta, which operates the only electronic equipment rental platform in Southeast Europe aimed at home users, and, since the end of 2023, also companies, is expanding its operations to Poland.
One United Properties, the leading green developer and investor in residential, mixed-use, and office real estate in Romania, has announced the value of developments under construction exceeded EUR1.5 billion in 2023, while the overall area under development neared 900,000 square meters.
PE-backed companies created 7.1% more jobs (with 4,027 more employees against 2021), compared with the 2.3% increase of the overall economy in 2022, while this category’s turnover rose by EUR5.2 billion during the 2019-2022 period, reveals the annual report of the Romanian Private Equity Association (ROPEA), conducted jointly with Deloitte Romania.
The total monthly average income in Romania stood at RON8,049 per household in Q1/2024, up 7.3%, representing RON3,210 per person, 7% more than in Q4/2023, data from the country’s statistics board INS show.
Romania’s goods trade deficit, namely the gap between goods exports and imports, widened in January-May 2024 by 11.1% year-on-year to EUR12.2 billion, as exports dropped by 2.9% and imports inched up, by 0.2%, data from the country's statistics board INS show.
BrightCap Ventures, a venture capital fund headquartered in Sofia, has has completed the first close of its new fund targeting €60m.
Dacia has already started deliveries of the new Duster III and the Mioveni plant is readying to start manufacturing Bigster, the first compact SUV in the carmaker’s range.
Hidroelectrica (H2O.RO), the largest electricity producer in Romania and the largest company listed on the Bucharest Stock Exchange, on July 9 signed the contract for the start of renovation works at the Vidraru Hydropower Plant, a project of strategic importance for the National Energy System (SEN).
Delgaz Grid, part of E.ON Romania group, has an investment budget of RON788 million for 2024, from own sources and EU funds, but, at the national level, the amounts reach billions of euros.
ING Hubs Romania, a global technology hub that provides more than 150 software development, data management, non-financial risk and audit services, posted RON694.1 million revenue in 2023, an increase of almost 20% on 2022 and RON41 million profit, 25% higher than in the previous year, Finance Ministry data show.
OTP Bank Romania has concluded a EUR21 million financing agreement with Nor Real Estate, part of Atenor Group, for the development of Phase 1 of @Expo project, an office building located in Bucharest's Expozitiei area.
Pharmaceutical wholesale in Romania has a new leader by revenue, after Mediplus posted RON6.9 billion revenue in 2023, RON34 million more than the second leading actor, Fildas Trading, held by entrepreneur Anca Vlad.
UiPath, the most successful product in the Romanian IT industry and the first Romanian IT company listed on Wall Street, has reported at Romania's finance ministry a turnover of RON2.855 billion (EUR574 million) for 2023, up 25% year-over-year.
Law firm bpv GRIGORESCU STEFANICA has advised private equity investment firm Omnia Capital on acquiring 44.67% of Cargo Buddy, a digital shipping house launched in 2021.
Tudor Mihailescu, Senior Vice President and Chief Operating Officer (COO) within the eMAG Group, in June 2024 also took over the position of general manager of Freshful by eMAG online hypermarket.
Real estate consulting company Colliers has appointed Alexandru Atanasiu to the position of Head of Construction Services and member of the Board of Directors.
OMV Petrom, Romania’s largest oil and gas producer, announced total hydrocarbon production in Q2/2024 reached 110,100 barrels of oil equivalent per day (boe/d), down 3.2% from Q2/2023.19512 items