Local company Connections Consult (CC.RO), which specializes in providing software solutions and IT services, has appointed Radu Marcu to the position of Executive Director (co-CEO).
Six hotels rated 2*, 3* and 4*, located in the seaside resorts of Eforie Nord and Eforie Sud, will be put up for auction starting with January 25, 2023, according to representatives of investment fund Transilvania Investments.
Raiffeisen Bank is the first bank in Romania to enhance business financing through a synthetic securitization under a new cooperation with the European Investment Bank (EIB) and the European Investment Fund (EIF) which will boost access to finance and strengthen the resilience of small and medium-sized enterprises (SMEs) and mid-caps companies in Romania.
Electric vehicle (EV) sales in the US, China and Europe will outpace all other engines three years sooner than previously expected, according to new EY research and analysis.
Romania's gross domestic product (GDP) grew by 1.2% in real terms (in unadjusted data) in the third quarter of 2022 as compared to the second quarter of 2022, provisional (2) estimates from the country’s statistics board INS showed on Thursday (Jan 12).
The average net salary in Romania increased by 3.3% in nominal terms in November 2022 compared with October 2022, to 4,141 lei (EUR839), data from the country's statistics board INS showed on Thursday (Jan 12).
Romaero Bucuresti, a strategic company for Romania’s aerospace and defense industry owned by the Romanian state, through the Economy Ministry, with 56.7% in stock, wants to boost its share capital by a maximum of RON34.4, to RON51.7 million.
Farmec Cluj, the largest Romanian-held cosmetics maker, in 2022 posted turnover of above RON290 million, higher than in 2021, says Mircea Turdean, the company’s CEO and stakeholder, without providing more specific figures.
Leroy Merlin, a top three player on the Romanian DIY market by revenue, posted RON3.4 billion sales in 2022, which translates into an increase of more than 30% compared with the previous year, the company’s CEO Frédéric Lamy says.
Romania needs more than 2,500 cybersecurity specialists to fill the staff shortage currently faced by companies in the industry after three years of accelerated digitization, Andrei Avadanei, CEO of cybersecurity company Bit Sentinel, told ZF.
Romania’s Financial Supervisory Authority, or ASF, has approved the request of the investment management firm Patria Asset Management to license a new open-end investment fund, called ETF Energie Patria-TradeVille, and register it in the public register of ASF, as per a press statement.
Lowe Group, one of the most important communications agencies in Romania, is launching Path, a unit specialized in analyzing and interpreting strategic data for its customers.
Adrian Negru will take over as the new Chief Executive Officer (CEO) of Raiffeisen Asset Management (RAM), which specializes in managing the investment funds of Raiffeisen Group in Romania, starting with February 1, 2023, the financial institution said in a statement.
Scandia Food, leader of the meat-based canned food market and a famed player in the local food industry, may fully acquire the company Carniprod Tulcea, one of Romania's leading meat processors held by entrepreneur Nicolae Ciuleac, with 282 employees and a turnover of RON68 million in 2022.
Innovation Labs – the national pre-acceleration and mentoring program for young entrepreneurs in the field of technology, said it would run the eleventh edition of the educational program in 2023, implementing a pre-program pilot component in Bucharest.
Citi Romania has relocated its 200 employees in capital city Bucharest to its new headquarters in the capital, located in the Tiriac Towers office building.
The number of real estate deals in Romania stood at 59,864 in December 2022, 1,795 fewer than in November 2022, data from the national cadaster agency ANCPI showed on Wednesday (Jan 11).
Transelectrica (TEL.RO), the operator of the national energy transmission system, has announced the first tests with LiDAR technology as part of a project aimed at improving the development and maintenance processes of Romania’s electric transmission network (RET).