Integral Venture Partners, a private equity and growth equity fund focused on Central and Eastern Europe, is investing in national medical clinic network Medima Health, which specializes in imaging and radiology, alongside current majority shareholder Morphosis Capital.
US-held company Bucharest Properties REIT plans to fully lease Phase 3 of the Vitan Estates residential project, which is Bucharest’s first residential development exclusively for rental, based on an American concept.
DataArt, a global software engineering company, has acquired Lola Tech, a Romanian leading software development agency, as part of the former's strategy to continue expanding its global network and investing in top-tier IT talent.
IKEA Romania reported a 2.5% increase in total sales in 2022 fiscal year (FY) as compared to the previous 12-month period, and an over 13% rise in online sales.
Industrial production prices for the domestic and non-domestic markets grew by 53% in August 2022 versus August 2021, data from Romania’s statistics board INS showed on Tuesday (Oct 3).
Iulius Group, the real estate developer controlled by Iulian Dascalu, has completed United Business Center 0, the fourth office building in the Iulius Town complex, a project built in Timisoara with partner Atterbury Europe.
39% of respondents in Romania anticipate a significant drop in housing prices over the next six months, 27% expect a slight decrease, 9% forecast a stagnation, only 8% expect a slight increase, 5% predict a significant advance and 12% do not know what to expect.
Romania has almost 142.000 employees in the local IT sector, of whom some 98,000 work in Bucharest, Cluj and Timis, according to Ziarul Financiar (ZF) daily.
Law firm Filip & Company assisted Romanian video game developer Amber Studio in securing a $20 million financing from an investment fund advised by Emona Capital LLP.
OTP Bank Romania introduces the Google Pay service in its portfolio, which makes it possible for Mastercard bank clients to make online or contactless payments at any POS, just with an Android operating system device, through the Google Wallet app.
Meat processor Vanbet of Vaslui, controlled by entrepreneur Fanel Bogos, in 2021 posted turnover of RON278.3 million (EUR56.6 million), up around 19.5% from the previous year, in line with ZF calculations based on Finance Ministry data.
Furniture market Simex, based in Simleu Silvaniei, Salaj county, in 2021 reached turnover worth around RON42.3 million (EUR8.6 million), up 19% from the previous year, in line with ZF calculations based on Finance Ministry data.
Belgian company CERES Pharma has bought the majority stake in the Romanian dietary supplements manufacturer Dacia Plant and will invest to increase the production capacity of the plant in Bod, Brasov County.
Romaero Bucharest (RORX.RO), a strategic company for the Romanian aerospace and defense industry, ended the first half of 2022 with RON26.8 million net loss, up from the RON22.5 million loss in the year-ago period. Revenue increased by 113.2% to RON40.4 million, according to ZF’s calculations based on data from the Bucharest Stock Exchange.
Stanleybet Capital, a superstructure of the Game World Group, one of the leading sports betting and gambling operators in Romania, ended the first half of 2022 with consolidated losses of RON19.84 million, up from the RON7.7 million in the year-ago period.
New car registrations in Romania increased by 33.38% to a total 11,927 units in September 2022 versus September 2021, data from the association of automotive manufacturers in Romania (ACAROM) and of Romania’s General Directorate for Driving Licenses and Car Registration (DRPCIV) showed on Monday (Oct 3).
Rompetrol Rafinare, a member company of the KMG International Group (Rompetrol), initiated this year an extensive program of maintenance, rehabilitation and modernization of the storage capacities for the products obtained at the Petromidia Navodari and Vega Ploiesti refineries and total investments are estimated at around $40 million for 2022-2027 period.
Romania's finance ministry raised RON201 million on Monday (Oct 3), below the targeted level of RON300 million, selling bonds maturing in 2025, at an annual average yield of 8.6%.
Romania's foreign exchange reserves increased to EUR43.7 billion in September 2022, higher by EUR860 million than in August 2022, central bank data showed on Monday (October 3).
UK software and IT services provider Endava, which has ten delivery centers in Romania, has appointed Roxana Cîrcu as regional manager for the company’s operations in Central Europe (Bulgaria, Republic of Moldova and Romania).