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Aluminum producer Alro Slatina (ALR.RO) sold 14,541 tons of primary aluminum to third parties in the last three months of 2023, 26.5% more than in the same period in 2022, according to ZF calculations based on data from a report published at the Bucharest Stock Exchange.
Natural gas transmission company Transgaz (TGN.RO) set RON2.06 billion as „operating revenue” in its spending and revenue budget for 2024, which means a 19.2% increase on the estimated 2023 figure.
Teilor Holding, a group of companies with bonds listed on the Bucharest Stock Exchange, which includes Teilor luxury jewelry chain, finance company Invest Intermed GF IFN and Teilor Invest Exchange, announces that it invested RON8 million in developing the financial services network MoneyGold, in 2023.
Romania's energy minister Sebastian-Ioan Burduja and Ion Sterian, Director-General of state-run natural gas transmission company Transgaz (TGN.RO), have signed two funding contracts for two investment projects.
Patristrans VT Logistic in Apahida, Cluj County, a company that transports general freight by road, ended last year with RON50 million (about EUR10 million) revenue, up 10% from the previous year and expects similar growth this year, its officials say.
Veolia Romania Integrated Solutions (VRSI), a member company of Veolia Romania and provider of operation, maintenance, and management services for water, sewerage, and thermal energy systems, on Jan. 15, 2024 signed an additional agreement extending until 2045 the concession contract targeting water and sewer services in the town of Otopeni.
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.19501 items