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Alternative investment fund Evergent Investments in 2023 registered a RON200 million net profit, 73% higher than in 2022, while assets under management reached RON3 billion during December, an all-time high, according to Claudiu Doros, the company’s CEO.
Intesa Sanpaolo Romania, the local subsidiary of the Italian banking group of the same name, in 2023 generated net profit worth EUR7 million.
Romania's Competition Council said it was assessing an operation whereby GVK Omega SGPS Unipessaol Lda intends to take over Greenvolt Energias Renovaveis and its subsidiaries.
Romania's Competition Council announced on Friday (Feb 16) that it was looking into an operation through which SD Worx People Solutions NV intends to acquire the company Romanian Software S.R.L.
Optima Group, a leader in software solutions and B2B provider of inventory and assets services, has announced the establishment of a Board of Advisors.
ING Bank Romania supported bonds and loans (syndicated or bilateral) of more than EUR1 billion in sustainable transactions in 2023, compared to over EUR600 million mobilized in bonds and loans (syndicated or bilateral) in 2022.
PepsiCo has announced the appointment of Alexandra Rîstariu to the position of Organized Trade Director.
Real estate developer IMPACT Developer & Contractor (IMP.RO) has raised over EUR1 million in the first 72 hours of issuing a bond offer ongoing until February 23, 2024.
Romania produced a quantity of crude oil of 2.795 million tons of oil equivalent (toe) in 2023, fewer by 129,200 toe (-4.4%) than in the same period of 2022, in line with data released by the National Institute of Statistics (INS).
The mandatory private pension funds in Romania (Pillar II) in 2023 increased by nearly 3% their ownership stake in OMV Petrom (SNP.RO), the sole oil and gas producer in Romania and the largest integrated energy company in Southeast Europe, reaching a holding of 14.2% (8.8 billion shares), in line with calculations by Ziarul Financiar (ZF) daily based on data provided by web platform DesprePensiiPrivate.ro.
The European Commission, in its Winter Forecast on February 15, revised downwards its forecast for Romania’s economic growth to 2.9% for 2024 and 3.2% for 2025, lower by 0.2 percentage points (pp) for each of the two years compared to the predictions in its November 15 Autumn Forecast.
Transilvania Investments Alliance (TRANSI.RO), an alternative investment fund listed at the Bucharest Stock Exchange, ended 2023 with net profit of RON232.26 million, up 264.5% from 2022, being the best result of the last five years.
Mihai Posedaru, manager of Bencomp SRL Buzau, a Romanian producer of WPC profiles, says he is developing a new production facility, a WPC door plant in Buzau, in an investment put at EUR4 million.
French-held group Saint-Gobain, which owns several mainly building materials plants in Romania, in the first half of 2023 finalized investments in a new plasterboard production line, in Turda, Cluj county.
Aro Palace, the company that manages hotels in Brasov, has announced the first step towards striking a franchise agreement with international group Hyatt for the Aro Palace Hotel.
Pras Consulting, a provider of IT solutions and services, ended 2023 with a 62% surge in turnover vs 2022, to over EUR6.8 million, which was nearly 75% generated by the relationship with business partners in the private sector, company representatives said in a statement.
TaxDome, a software company founded in 2017 in New York, is entering the Romanian market, as the local business landscape indicates accelerated growth and considerable progress in digitalization, company representatives said a statement.
Orange Romania, the leader of the local telecom market, reported turnover of EUR1.551 billion for 2023, down 1.2% on the year.
Against a backdrop of falling global M&A activity, dealmaking in Central and Eastern Europe (CEE) held up relatively well, according to a recent Mazars report.
Romania's equity market presence in the MSCI indices will increase to 26 companies from March 1, 2024, following the quarterly index review conducted by global index provider MSCI in February 2024.19990 items