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IT&C distribution company Mida Soft Business, also a provider of integrated IT&C services, in 2023 registered turnover worth RON192.9 million (EUR38.8 million), up 93% from 2022.
Romania smartphone market is expected to be flat at around 3.5-3.6 million units this year as in recent years there’s been a downward or stagnation trend by quantity, but by value there has been growth as users increasingly choose phones with better specifications, according to the local representative of Chinese company OPPO.
ITGlobers, specializing in technological services and solutions for the implementation and optimization of e-commerce platforms, development of customized software solutions, system integration and development of mobile apps, seeks to hire IT specialists for the newly opened office of Bucharest.
Hungarian builder KESZ Romania has got the building permit for housing compound Corallis, the first Bucharest project, in which it is investing over EUR51 million.
Ursus Breweries, the largest player on Romania’s beer market, owned by Japan’s Asahi group, will invest EUR15 million in a new line at Buzau plant.
Banca Transilvania (stock symbol: TLV), the largest bank in Romania by assets, on Thursday informed the local capital market about the changes in the executive management structure of BT, namely the termination of the mandate of Deputy CEO of Luminita - Delia Runcan, starting with August 7, 2024.
The assets of open-end equity funds in Romania, which have three times fewer investors than bond and fixed income funds, increased by RON1.7 billion in the first six months of 2023, compared to RON1.2 billion for bond funds, in line with calculations by Ziarul Financiar (ZF) daily based on data from the Association of Asset Managers (AAF).
Entek Elektrik Üretimi A.Ş. (Entek), a company based in Türkiye and primarily engaged in the green energy sector, has acquired Romanian companies Eco Sun Niculesti S.R.L and Euromec-Ciocanari S.R.L from Israel's Econergy Group, for EUR32.9 million.
Poultry Investment, the company that owns the Puiul de Craiesti (Craiesti Chicken) brand, is launching a new range of premium chicken products from animals raised without antibiotics.
Bergenbier S.A., part of Molson Coors Beverage Company group, one of the leading brewers in Romania, ended 2023 with a turnover of RON907 million, up nearly 14% from 2022.
Romania's Finance Ministry has raised RON1.08 billion from banks on Thursday (August 8), selling benchmark bonds, which is double the planned amount of RON500 million, at an annual average yield of 6.54%.
The European Central Bank (ECB) and the National Bank of Romania (NBR) have agreed to renew a framework arrangement to provide euro liquidity to the latter via a repo line.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, decreased to 5.59% a year on Thursday (August 8), from 5.80% a year on August 7.
The Bucharest Stock Exchange, the operator of the local capital market and a majority stakeholder in the Central Counterparty (CCP) and the Central Depository, in the first six months of 2024 generated RON8.44 million net profit at group level, 152% more than in the year-earlier period, while operating revenues rose by 51%, to RON38.7 million.
The volume of real estate deals in Romania posted an 131% advance in the first half of this year, to EUR418 million, marking the biggest increase in the CEE region.
The Financial Supervisory Authority has approved the prospectus of real estate developer One United Properties via which the company wants to raise EUR70 million from investors, by issuing 1,750,000,000 new shares, to fund the next business growth stage.
Telekom Romania Mobile, a mobile telephone company owned by Greece’s OTE group and Germany’s Deutsche Telekom, registered new revenue and client base declines and switched from profit to losses in the second quarter of 2024.
Honor Technologies Romania SRL, the entity held locally by Honor, a Chinese producer of smartphones, tablets and other gadgets, for 2023 reported a 249% turnover increase, to RON259.2 million.
Tech company Cegeka Romania, the local subsidiary of Belgian IT group of the same name, plans to expand its footprint and product portfolio locally in the next three years, Ovidiu Pinghioiu, country director, Cegeka Romania, told ZF.20620 items