Found 19501 news
Insurance companies settled home damage insurance claims in the amount of over RON119.2 million in the first nine months of 2023, up 61% compared to insurance claim settlements of RON74.1 million in the same period of 2022, as per data from the National Association of Insurance and Reinsurance Companies in Romania (UNSAR)
Telekom infrastructure and automotive industry component supplier Faist Mekatronic, part of British group Faist, had a turnover of EUR50 million in 2023 and expects a 10% increase in 2024.
Romania's Competition Council is assessing the transaction through which OMV Petrom, the sole oil and gas producer in Romania and the largest integrated energy company in Southeast Europe, intends to acquire from RNV Infrastructure 50% of the shares of Electrocentrale Borzesti and the companies owned by it, namely Hoopeks International SRL, Green Labs Advertising SRL, Union Wind SRL, Borzeşti Wind SRL and Borzeşti Power SRL.
Complice.ro, an online store providing a series of experience packages for individuals and companies, aims to reach the EUR1 million turnover mark in 2024 after seeing a 98% annual turnover growth in 2023, to EUR850.000.
Law firm PeliPartners assisted Adventum Group in signing a lease contract extension with Genpact Romania – the anchor tenant in Hermes Business Campus, an office complex located in the northern part of Bucharest, with a gross leasable area (GLA) of approximately 74,500 sqm.
RetuRO, the administrator of the Deposit Return System (DRS) in Romania, the largest circular economy project in Romania, is opening its second beverage packaging collection center in the country, within the logistics park in Giarmata (Timis County).
The Board of Directors of the European Investment Bank (EIB) has approved EUR3.2 billion of new financing to support clean energy, transport, corporate research and development, and business investment.
Carrefour Group announces the appointment of Gilles Ballot as Chief Executive Officer (CEO) of Carrefour Romania starting from February 12, 2024.
Romania will register economic growth of around 3% in 2024, followed by 3.5% in 2025, but in parallel public finances will continue to deteriorate, becoming a reason of concern, with deficits of around 5%, reveals a country risk analysis conducted by Allianz Trade.
Alro Slatina, one of the largest vertically integrated aluminum producers in Europe by production capacity, has acquired an aluminum alloy electric furnace for plates aging from SECO-WARWICK, in a $2.75 million investment.
Bulgaria’s venture capital firm Eleven Ventures, focused on pre-seed and seed investments in Southeastern Europe, has launched the second edition of Eleven Alpha, a three-month program addressing entrepreneurs taking the first steps in developing their own businesses.
FintechOS, one of the best-known tech startups launched locally, a tech provider for banks, insurers, lending institutions and financial services companies, in 2023 posted 40% revenue increase, below the 50% target.
The local subsidiary of French tech group Atos, present in Romania both via Atos Romania and Eviden Romania, seeks to recruit around 43 IT specialists.
Amer Sports Ro, part of Finnish-Chinese group Amer Sports, one of the world’s leading sportswear producers, is set to invest EUR6 million in 33,792-sqm production unit located in Eurobusiness II Oradea industrial park.
Groupama after the first nine months of 2023 was still the leading company on the insurance market, reaching a market share of almost 22%.
Cosmetics producer Farmec Cluj reported a turnover of over EUR70 million at the end of 2023, up over 10% on the year, which sustained an advance of 50% in its profit compared to the previous year.
Chemical compound Chimcomplex Borzesti (CRC.RO), which owns two industrial platforms, in Onesti and Ramnicu Valcea, has received the approval of Romania's Financial Supervisory Authority(ASF) for carrying out a public offer for the repurchase of shares in the amount of maximum RON21.4 million.
Affidea Romania, the biggest player on the medical imaging services market, has acquired the Explora local business based in Suceava (north-eastern Romania), which comprises three medical clinics.
Trade between Germany and Romania totaled EUR40.8 billion in 2023, with Romania ranking 17th among Germany’s trading partners, climbing three spots compared to 2022, according to the Romanian-German Chamber of Commerce and Industry (AHK Romania), citing the latest data from the Federal Statistical Office (Destatis).
Fondul Proprietatea (FP.RO) is readying the stock market listing of state-owned company Salrom, the only salt producer in Romania, as per data from the budget of revenue and expenditure for 2024.19501 items