Romania and five other European Union (EU) Member States call for compensation for damages due to the cheap wheat from Ukraine, left on European territory, affecting their own sales.
Romania places seventh among the top ten most cyber secure countries in the world, with a score of 89.61 out of 100, in a National Cyber Security Index, according to a recent study.
Meta Estate Trust (MET.RO), a holding company that operates in the real estate sector and is listed on the Bucharest Stock Exchange (BVB), has benefitted from the Issuer's Market Maker services offered by BRK Financial Group since January 26, 2023.
The global M&A market in 2022 declined by 17% by volume and by 37% by value from the 2021 record high level on recession concerns, but will return to growth in the second half of 2023, reads the Global M&A Industry Trends: 2023 report by PwC.
Enayati Medical City, one of the largest greenfield projects on Romania’s private healthcare market, founded two years ago by doctor Wargha Enayati, ended 2022 with EUR35 million turnover, from EUR16.5 million in 2021 and expects 50% growth this year.
Celco, a Constanta-based building materials producer owned by cousins Ion and Niculae Dusu, operated EUR5 million investments in 2022 and plans to invest further in 2023.
Amigo & Intercost, a beverage wholesaler of Odorheiu Secuiesc, Harghita county, in 2022 generated turnover of above EUR100 million, up around 16% on the year, in line with company data.
Fifty years after Romania became the first Warsaw Pact country to join the International Monetary Fund, three decades after its transformation from a centrally planned to a market economy, three years after the unprecedented crisis triggered by the covid-19 pandemic, and one year since the horrors of war resurfaced in its vicinity, it seems a good time to appreciate Romania’s steadfast economic progress and proven resilience.
Kastamonu Romania (formerly Prolemn), held by Turkey’s Kastamonu Entegre, posted about EUR174 million revenue in 2022, up 2.65% on the previous year, according to ZF calculations based on data supplied by the company and on the Finance Ministry website.
Total cargo traffic registered in the Black Sea Port of Constanta (including the Midia and Mangalia area) amounted to 75.5 million tons in 2022, the highest level in the port's history, up 12% on the previous year, data from the National Company "Maritime Ports Administration" show.
Token Financial Technologies (TOKEN), Türkiye’s leading provider of digital payment solutions, is entering the Romanian market through the Odero brand, which boasts a range of payment solutions catered to suit businesses of all shapes and sizes, both online and offline.
The net assets of the 240 domestic and foreign open-end and closed-end investment funds operating in Romania fell by 1.3% in December 2022, to RON45.9 billion, and plunged by 14.4% since the beginning of 2022, in line with the latest data from the Association of Fund Administrators, or AAF.
BT Leasing and Tiriac Leasing, two companies operating on the Romanian leasing market, have merged into a single company, BT Leasing, with 25,000 customers, EUR500 million in portfolio, over RON2.8 billion in assets and some 250 employees.
The average value of properties transacted in Romania increased in 2022, reaching EUR25 million versus EUR17 million in 2021, as per data from real estate consulting firm Cushman & Wakefield Echinox.
SeedBlink, a platform for co-investing in European tech startups, has concluded a partnership with Goldring, one of the most active brokers in Romania in terms of listings on the Bucharest Stock Exchange, in order to develop financial investment services in Romania, diversify investment offerings and facilitate companies’ access to capital.
Twelve funding programs worth almost EUR5 billion are available to companies and local public authorities in Romania in the coming months, in line with an analysis by REI, a group of companies specialized in attracting European funds and state aid.
Litigation activity has intensified since 2020, with a two-thirds of companies (64%) noting a heavier caseload than before the COVID-19 pandemic, according to the Deloitte Legal study “New Roads to Dispute Resolution”, conducted on a global level, including Romania.
TIB Bank has sealed a partnership with easySales platform and they are jointly launching a benefits package that includes Buy Now Pay Later for eCommerce businesses as a rising number of consumers are postponing their purchases and give up certain deals.