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Trencadis, a local tech company specializing in the development and implementation of complex software solutions for the governmental and business sectors, ended 2023 with turnover worth RON33.7 million (RON167.8 million), up 38.7% from the previous year, according to the company’s representatives.
JYSK, the Scandinavian furniture and home décor retailer, is expanding further in Romania and is set to open a store on Borsa on Thursday, reaching 139 units locally.
SIF Muntenia shareholders during Friday’s general meeting approved the changing of the company’s name to Longshield Investment Group SA, with this being the last financial investment company at the BVB to undergo such as rebranding process.
Europack Media, a company of Constanta that manufactures wet wipes, founded by local entrepreneurs, is set to expand its production capacity by 35-40% amid rising demand, especially from abroad, according to the company’s officials.
Mömax Properties, part of the group that owns the Mömax store network of Romania, got a capital injection of over EUR56 million in December.
Romania's industrial production prices for the total (domestic market and non-domestic market) decreased by 3.4% in December 2023 compared to December 2022, data from Romania’s National Statistics Institute INS showed on Friday (February 2, 2024).
Romanian natural gas producer and supplier Romgaz (SNG.RO) plans to sell EUR500 million worth of bonds in the second half of 2024 in order to finance the Neptun Deep project in the Black Sea, alongside OMV Petrom, the largest integrated energy company in South-Eastern Europe.
New car registrations in Romania increased by 4.15% on the year to 12,733 units in January 2024, in line with data released on Feb 2 by Romanian carmakers’ association ACAROM and the General Directorate for Driving Licenses and Vehicles Registration (DGPCI).
The National Battery Recycling System Association (SNRB) and Ecowes, the battery collection and recycling company from Romania, become partners alongside Redivium Australia in a feasibility study project for the construction of a lithium-ion battery recycling facility in Romania.
China's Haier Group, one of the newest and also largest investors in the Romanian home appliances manufacturing sector, has announced its intention to lay off almost 40% of the 1,000 employees at its refrigerator factory in Aricestii Rahtivani (Prahova County).
Colliers consultants predict in the "Top 10 predictions for CEE-6 in 2024” report a possible pickup in investment activity in the Central and Eastern Europe (CEE) region in the second half of 2024 if interest rates in the euro area start moving lower.
Most Romanian homeowners (83% of those surveyed) say they have taken measures to improve the energy efficiency of their homes in the last three years, mainly by improving thermal insulation and by reducing the energy consumption of devices, as per a survey conducted by Ipsos for ING, in seven countries.
Romania's energy ministry has announced the launch of Electric Up 2, a program that offers support to SMEs and the hospitality industry for the installation of solar PV (photovoltaic) panels and charging stations for electric vehicles.
Romanian authorities issued 2,550 residential building permits in December 2023, 5.6% fewer than in November 2023 and 5.2% fewer than in December 2022, data from the country’s statistics board INS showed on Friday (Feb 2, 2024).
Bittnet Systems (ticker symbol BNET), the first IT company listed on the Regulated Market of the Bucharest Stock Exchange (BVB), is listing a new issue of stock exchange bonds on Friday (February 2, 2024), in the amount of RON10 million.
Libra Internet Bank granted RON82.7 million funding to Glodeni Energy, part of the portfolio of DTEK Renewables International (DRI), a private energy investor of Ukraine, for the construction of green energy project with a total power of more than 53 MW.
SeedBlink, a local company that has developed an equity crowdfunding platform for tech startups, present in several European countries, plans to shift its attention to DACH region in 2024 after having focused in 2023 on activities carried out on the markets of the Netherlands and southeastern Europe.
Bacau-based Simba Invest, a major consumer goods wholesaler locally, in 2023 registered turnover worth around EUR170 million, 26% higher than in 2022, in line with ZF calculations based on company and Finance Ministry data.
Bucharest’s Emerald medical center, part of Sofmedica group, which opened a second clinic in Iasi last year, bets on new clinic in Timisoara, specialized in neurology, cardiology and oncology, according to the company’s officials.
Hanea family started Andu Sports business almost 27 years ago, manufacturing pajamas in its own production line. Later on, the entrepreneurs shifted to production of tracksuits and sportswear. Today, the business is at the second generation of entrepreneurs and Andu Hanea is the one who took over the company’s reins.19501 items