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Personal need loans remain among the most sought-after banking services, with almost 70% of Romanians saying they want this type of loan and over 60% saying they want a simpler and faster application process when accessing financing, as per a tbi bank survey conducted among 1,057 respondents across Romania.
Romanian startups 3D Printing Hub and Peelhy qualified among top five regional solutions of BASF Innovation Hub, pitch competition for sustainable future.
Banca Comerciala Romana (BCR) has launched BCR Seed Starter, a fully owned subsidiary and the first corporate venture capital company (CVC) incorporated by a bank in Romania, aimed at investing in technology startups from January 2024 onwards.
The volume of construction works in Romania increased, in unadjusted data, by 9.3% in September 2023 compared to September 2022 and was up 10.3% when adjusted to the number of working days and to seasonality, data from the country’s statistics board INS showed on Tuesday (Nov 21).
Telekom Romania Mobile, part of Greece’s OTE Group, on Tuesday morning surprisingly confirmed that it was in talks to sell to local entrepreneur Adrian Tomsa, owner of Clever Media Network (CMN).
Plastic packaging maker Romcarbon (ROCE.RO) has signed with the Ministry of Education a financing contract related to the de minimis aid, in the amount of RON50,000, as a partner in the project “Pre-University and University Excellence Centre for Dual – Technical Education Buzau”.
INVL Renewable Energy Fund I, a fund that invests in renewable energy projects and is managed by INVL Asset Management, has signed an agreement with Kommunalkredit Austria AG for a EUR25 million loan.
Turkey’s Jimmy Key, with an over 30-year experience in womenswear, will open its second store of Romania on December 8 in Bucharest’s AFI Cotroceni shopping center developed by AFI Europe.
The Bucharest Stock Exchange (BVB) was the only stock exchange in Europe with a globally significant IPO: Hidroelectrica’s $2 billion offer placed BVB in the 4th place in the global ranking according to the value of an initial public offering registered in the first 3 quarters this year, reads a BVB press release.
Autonom group, founded by brothers Marius and Dan Stefan, has launched a new ride hailing service on Bucharest market, called Blue, in the wake of a EUR5 million total investment.
Moov Leasing, a digital mobility platform founded by Bogdan Speteanu, former CEO of BCR Leasing, and Mircea Dihel, former CEO of Tiriac Leasing, has reached a EUR10 million valuation after founders of International Alexander Holding also entered its shareholding structure.
Romania continues to rank 14th in the EU by the number of new passenger cars registered in January-October 2023, with a volume of 122,104 units, up 15.4% from the year-earlier period, of which 12,88 units were full electric ones and 36,703 hybrid ones, in line with data provided by Romania’s and Europe’s carmaker associations ACAROM and ACEA.
Private healthcare provider MedLife wants to extend by EUR50 million the credit limit of a EUR228 million syndicated loan contracted in December 2022.
Domeniile Boieru, a winemaker of Cimbrud, Alba county controlled by Florin Danoaie and Raul Ciurtin, in 2022 registered RON9.7 million turnover, up over 50% from 2021, and a 60-wine portfolio.
Libra Internet Bank, a member of U.S. investment group New Century Holdings, has convened the Extraordinary General Meeting (EGM) of Shareholders for December 22, 2023, the company said in a report to the Bucharest Stock Exchange on Monday (Nov 20).
Shipbuilder Santierul Naval Orsova (SNO.RO) has informed the local stock market on Monday (Nov 20) that port services company Sea Container Services SRL has bought 49.99% of its share capital.
Derco, a Lockheed Martin company, signed an agreement with Romanian company Aerostar Bacau, an integrated supplier to the global supply chains of major aerospace companies, to repair landing gear, wheels and brakes in support of the Romanian Air Force F-16 fleet, reducing lead times and improving logistics for mission readiness.
Bicycle manufacturer Eurosport DHS, held by Chinese and German investors, posted RON536.8 million (EUR108.8 million) in 2022, up more than 38% from the previous year’s RON388.6 million (EUR79 million), according to ZF calculations based on public Finance Ministry data.
The number of job vacancies in Romania dropped by 5.3 thousand in the third quarter of 2023 compared to the same quarter of 2022 and the job vacancy rate decreased by 0.12 percentage points, data from the country’s statistics board INS showed on Monday (Nov 20).
German-held Hengst Filtration has bought the former International Automotive Components (IAC) factory in Bals to manufacture air filters.19080 items