Furniture parts supplier WIP Industries Romania, the local subsidiary of Sweden’s WIP Holding, for 2023 reported turnover worth RON90.8 million (EUR18.3 million), up 27.4% from 2022, in line with ZF calculations based on Finance Ministry data.
OMV Petrom, Romania’s main local oil and gas producer, in July-September 2024 reached total hydrocarbon production of 107.2 thousand barrels of oil equivalent per day, down 5.6% from Q3/2023, in line with ZF calculations based on company data.
Stonevault, a Baia Mare-based producer of sofa springs, reported a net profit of RON16.1 million (EUR3.2 million) for 2023, up 26.5% from a net gain of RON12.7 million (nearly EUR2.6 million) reported in 2022, as per publicly available data.
TeraPlast Group on October 9 announced the signing of a purchase agreement to acquire 70% of the share capital of Optiplast, the third largest flexible packaging manufacturer in Croatia.
A transaction with 200,000 shares of the Bucharest Stock Exchange, representing 2.26% of the total shares of the local stock exchange, was registered in the stock market system on October 9, 2024, as per calculations by Ziarul Financiar (ZF) daily.
SITA, the world's leading specialist in air transport communications and information technology, has announced the opening of a research and development (R&D) center in Cluj-Napoca, which is the first such center opened in Eastern Europe, company representatives told a press conference.
Control F5 Software, a developer of personalized software solutions, ended 2023 with a turnover of over RON3.9 million, up 41% on the year, as per data published on the finance ministry website.
Intesa Sanpaolo Bank, the Romanian subsidiary of the Intesa Sanpaolo Group, Italy's largest banking group, has appointed Alessio Cioni as General Director and Chief Executive Officer.
Restaurant group City Grill, controlled by Dragos Petrescu, is taking over the majority stake in restaurant chain Marty, launched by Marcelus Suciu in 1999 in Cluj, and steps up expansion on Transylvania market.
Nhood Romania, the integrated real estate services company of the Association Familiale Mulliez (AFM), is continuing the investment envisaging the construction of a mixed-use project in Resita, and this is part of a EUR100 million investment plan for Romania.
Chemical producer and supplier Chimcomplex Borzesti, with two industrial platforms in Onesti and Ramnicu Valcea, announced it is in preliminary talks for a potential acquisition of Azomures, Romania’s most important chemical fertilizer producer.
Insolvent online retailer Elefant, which has bonds listed on the Bucharest Stock Exchange (ELF26.RO), recorded a turnover of RON15.8 million for January-June 2024 period versus RON53 million in the same period of 2023, while its loss soared to RON17.7 million from RON11.2 million, as per the company's profit and loss (P&L) statement for the first half of 2024, released on October 8.
Nuclear power producer Nuclearelectrica (stock symbol: SNN), the operator of the power plant in Cernavoda, announced in a stock market report on October 8 the appointment of Daniel Adam as Chief Financial Officer (CFO) of the company for a term of office between November 1, 2024 and February 15, 2027.
The management of Holde Agri Invest (stock symbol: HAI), one of the largest farmland operators in Romania, announced in a stock market report on October 8 about the change of Bogdan Serghiescu from the position of Chief Financial Officer (CFO) of the company, with the role being assumed by Bogdan Lungu.
Norofert, a producer of organic farm inputs and provider of biotechnology for agriculture in Romania, listed on the AeRO market of the Bucharest Stock Exchange, has announces the approval of its Board of Directors to conduct a public offering of corporate bonds, valued at up to RON15 million.
Romanian coffee shop chain 5 to go, launched on the local market less than a decade ago, has opened its first café in the Republic of Moldova, in the city of Chisinau.
The number of impact companies in imminent insolvency increased by 18% in 2024, to 8,190, and the number of impact companies in difficulty reaches the highest level since 2013, as per an analysis by insolvency specialist CITR.
tbi bank, a provider of alternative payment solutions, which operates in Romania, Bulgaria, Greece, Germany and Lithuania, is opening its own technology hub - tbi tech, in Türkiye.