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Greece’s PPC Group, which officially became the owner of all Enel companies in Romania in 2023, estimates Romania’s electricity demand will increase by 10% by 2030, which means additional investments in clean energy sources are needed to stimulate the competitiveness of the economy.
Investment fund Early Game Ventures (EGV) has co-opted Florin Vişa as a partner, an expert with 24 years of experience in private equity, venture capital, M&A, and corporate finance in Central and Eastern Europe, EGV representatives said in a statement.
Investors registered on SeedBlink, a local equity crowdfunding platform that eases investments in European technology startups, allocated a total EUR342 million for the financing of 250 startups from 15 countries, SeedBlink representatives said in a statement.
Private lending in Romania kept going up slightly in December 2023, seeing an increase of 6.4% in nominal terms (down 0.2% in real terms) to RON387 billion compared with December 2022, central bank data showed on Tuesday (January 23, 2024).
Mastercard has opened the application window for its Strive EU Innovation Fund – a new initiative aimed at accelerating the development of solutions to support European small businesses on their digital journey.
Sameday group, one of the biggest players on the courier services market, posted turnover worth above RON1 billion in 2023, up 25%.
Bucharest employers had the biggest need of candidates at the start of this year and put a little more than 10,000 new jobs on the market. Cluj is the second most active county from this point of view, with 4,100 new jobs, followed by Iasi, Ilfov, Timis, Craiova, Prahova and Brasov, in line with data provided by eJobs, Romania’s main recruitment platform.
Engie Romania, the biggest player in the field of natural gas distribution and supply, has acquired a wind park with a total installed capacity of 80 MWp, majority held by EnerCap group of Chirnogeni locality, Constanta county.
Belor Romania, part of Germany’s Belor Eurofert GmbH, ended 2023 with EUR54 million turnover.
Brasov-based building materials wholesaler Temad in 2023 started designing a new 7,000-sqm logistic center in Bartolomeu area of Brasov, in which investments revolve around EUR5 million.
PheonixY, the producer of Gusto puffs, ended 2023 with 30% higher revenues on the year, a historic increase for the Prahova-based business.
2024’s first stock listing on the Bucharest Stock Exchange is likely to take place in maximum three weeks with the launch of Glissando Garden, the home gardening pillar of Timis-based group of companies Glissando.
Law firm Noerr has promoted five lawyers and consultants in the practice areas of M&A, competition, state aid, white collar crime, compliance & investigations and Digital Business.
World’s largest mobile virtual network operator (MVNO) Lyca Mobile, based in the UK, shut down its operations in Romania at the end of last year, eight years after launch, blaming an increase in operating costs for the move.
The Board of Directors of Nuclearelectrica (SNN.RO), the only nuclear power producer in Romania, has called its shareholders for a meeting on February 28, 2024 to vote, among others, on the company's 2024 budget of revenue and expenditure.
Road freight carrier Dolo Trans Olimp (DTO), held by entrepreneur Cristian Dolofan, posted EUR97 million revenue in 2023 and expects 30% to 35% growth this year, its officials say.
Hospitality group Accor has partnered up with Romanian company Tecadra Hotels, held by the Cobalas family, for the conversion and extension of the existing Tecadra Hotel located in the Pipera area (in northern Bucharest) into a hotel under the Handwritten brand.
Limitless Agency, one of Romania’s main digital marketing agencies, ended 2023 with a turnover of EUR4.25 million, up 31% compared to the previous year.
Vitantis Shopping Center in Bucharest will get new tenants soon and reach 100% occupancy rate. This is the project that got the highest investment volume made by its owner, businessman Omer Susli.19075 items