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Betfair Romania Development, the software development and shared services center in Cluj-Napoca of the Flutter Entertainment Group- an Irish provider of solutions for the gaming and sports betting industries, plans to recruit 300 people by the end of 2024, seeking to 2,000 employees.
Romanian-held footwear retailer Benvenuti expects business to stagnate or grow slightly in 2024 compared with last year, when the company posted sales of almost RON178.5 million (more than EUR36 million).
Carmistin Group, one of the largest players in the food industry and mostly on the meat market, has reached a total 3,675 employees in April 2024, in line with data provided by company representatives.
New car registrations fell 26% to 9,156 units in March 2024 compared with March 2023, police data show and the decline also affected electrified cars. The latter saw a decline of 9% and their market share stands at 23.9%, while fully electric car registrations went down 35.9% for a market share of 7.4%, data from the Automotive Manufacturers and Importers Association (APIA) show.
Romania’s national power transmission company Transelectrica (TEL.RO) has announced in a stock market report on April 9 that it signed with the General Secretariat of the Government the financing contract for the implementation of the investment “The efficiency, modernization and digitization of the national power transmission network”, financed by the REPowerEU component of PNRR, in the amount of EUR56.2 million.
Romanian coffee shop chain 5 to go, launched on the market less than a decade ago, recorded a 48% year-on-year increase in sales in the first three months of 2024 and overshot the 550-location mark in the country, after opening 40 new coffee shops this year. It also refurbished nine and relocated two.
Slatina-based electrical and fiber optic cable manufacturer Prysmian, part of the Italian Prysmian group, at end-February 2024 started works on a new production line for medium voltage electrical cables, at its factory in Slatina.
The European Commission has approved the reintroduction of Romania’s EUR2.5 billion state aid scheme meant to support enterprises in the context of Russia’s war against Ukraine.
Arctic S.A., the largest home appliances manufacturer in Romania, which has two plants in Dambovita County, is changing its name to Beko Romania.
Three quarters of Romanian business leaders (75 percent) believe that the reforms and investments made through the National Recovery and Resilience Plan (NRRP) will contribute to the local economy’s competitiveness in the next five years, while also supporting local businesses’ transition to more performant and sustainable operational models, as per a Deloitte's study carried out among nine EU member states.
Romania ended 2023 with gross domestic product (GDP) of RON1,605 billion (EUR321 billion), higher by 2.1% compared to 2022, in line with data reconfirmed on April 9, 2024 by the country's statistics board INS in its final statement regarding the evolution of the economy in 2023.
Romania's trade balance posted a deficit of EUR4.1 billion in January-February 2024, lower by 5.2% compared to the same period of 2023, data from the country's statistics board INS showed on Tuesday (April 9).
Altius, a veterinary medicine company controlled by Marius Diaconu, together with PetMart, a business operating on the segment of online wholesaler of pet products, have leased 5,400 square meters of logistic spaces and offices in ELI Park 4, a project part of the portfolio of ELI Parks, a major developer on Romania’s logistic real estate and industrial market.
Teilor Holding SA, a group of companies with bonds listed on the Bucharest Stock Exchange, which includes Teilor luxury jewelry chain, finance company Invest Intermed GF IFN and Teilor Invest Exchange, has expanded its portfolio with a luxury sustainable jewelry brand, DAAR, which uses lab grown diamonds, as well as recycled precious metals, so that to curtail environmental impact.
Awin Global, a company that manages a global martech platform, is expanding its office of Palas Iasi compound and is carrying out a recruitment campaign for various positions.
Filip & Company team assisted DIGI Spain Telecom S.L.U. in the deal sealed with Sota Investments Spain OpCo, S.L.U., a company controlled by a consortium made up of Macquarie Capital, abrdn and Arjun Infrastructure Partners, leading international infrastructure investors, for the sale by Digi Spain of a Fibre-to-the-Home (FTTH) network developed in 12 provinces across Spain.
OMV Petrom, Romania’s largest oil and gas producer, announced total hydrocarbon production in Q1/2024 reached 111,700 barrels of oil equivalent per day (boe/d), up 1.5% from Q4/2023, but down 4% from the same period of 2023.
Telecom solutions provider Centrul pentru Servicii de Radiocomunicatii SRL (CSR SRL), which is a partner for American multinational telecommunications company Motorola too, ended 2023 with a 67.3% increase in turnover, to RON151.7 million compared to RON90.7 million in 2022, as per data available on finance ministry website.
French sporting goods retailer Decathlon has appointed Romanian executive Olivia Mariescu to the position of Chief Financial Officer (CFO) of its operations in Central and Eastern Europe.
TehnoWorld, a Suceava-based company that manufactures polyethylene pipes, increased its revenue by 5% to RON434.4 million in 2023 compared with the previous year, latest data available on the Finance Ministry website show.19058 items