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Mogo Romania, a company specializing in providing financing for individuals to purchase used vehicles, announces its entry into a new lending segment through a strategic partnership with ATVRom, the leader in the recreational vehicle market in Romania.
Retele Electrice Muntenia, part of the PPC Group, formerly named E-Distributie Muntenia, launched, through the public procurement information system, a procurement procedure for the modernization of several medium voltage lines in the area of Balotesti, Ilfov County, which will engulf over RON162 million.
Nearly half (47%) of respondents continue to be optimistic about the future, as per the latest EY Future Consumer Index (FCI), which surveyed more than 23,000 consumers across 30 countries – despite concerns about rising living costs (73%), climate change (63%) and geopolitical tensions (51%).
OMV Petrom, the largest integrated energy producer in Southeast Europe, will invest approximately EUR750 million at Petrobrazi to transform the refinery into the first major producer of sustainable fuels in the region.
A team of PwC Romania consultants specialized in deals and D&B David si Baias lawyers have assisted the founder of travel agency Litoralulromanesc.ro, Ionut Nedea, in selling the company to Szallas Group, part of Polish group Wirtualna Polska Holding.
More than 16,000 companies shut down after the first four months of 2024, almost 3,000 more than in the previous year, marking a 12-year high, reveals a Sierra Quadrant analysis.
DRUID, the global company specializing in AI-based conversational solutions, has launched a virtual assistant for Dacia Romania, developed to understand and answer users’ questions with a human-like precision.
Travel agency Litoralulromanesc.ro, owned by local entrepreneur Ionut Nedea, which sells holiday packages on the Romanian seaside, has been acquired by Szallas Group, part of Polish group Wirtualna Polska Holding. The value of the deal stands at EUR21 million.
Metal tile roofing manufacturer Caretta, set up by entrepreneur Ciprian Marcu in Iasi, in 2024 bought a Craiova roofing plant from Polish producer Viking Pruszynski.
Telekom Romania Mobile has launched on Monday (June 10) the VoWiFi (Voice over WiFi) service that allows users to make and receive voice calls via a WiFi connection.
VOS Logistics Cargo, the local subsidiary of Dutch group VOS, ended 2023 with a turnover of RON492.2 million (EUR99.5 million), down 3.6% from nearly RON510.6 million (EUR103.5 million) reported in 2022, in line with calculations by Ziarul Financiar (ZF) daily, based on finance ministry data.
DB Global Technology, Deutsche Bank’s Bucharest tech center, ended 2023 with a turnover of RON713.4 million, up 34.9% year-over-year, in line with data from the balance sheet submitted by the company to Romania's finance ministry.
Household appliances manufacturer Electrolux Romania, the local subsidiary of Swedish group Electrolux, reported a turnover of RON1.049 billion (EUR212.1 million) for 2023, up 18.7% from nearly RON883.9 million (EUR179.2 million) reported in 2022, as per calculations by Ziarul Financiar (ZF) daily based on finance ministry data.
Romanian executive Alex Cirlan has recently been appointed vice president of customer management of computer and electronics retailer MediaMarktSaturn and will be based in Bavaria, Germany.
The eMAG Group, one of the largest online retailers in the region, is aiming for 11%-15% growth in revenue this year and will invest RON900 million to achieve its goals.
76,746 individuals in Romania had bank deposits of more than EUR100,000 at the end of the first quarter of 2024, over RON82.6 billion (about EUR16.5 billion) in all, the latest statistics of the Bank Deposit Guarantee Fund (FGDB) show.
State-run company Nuclearelectrica (BSE:SNN), Romania’s sole nuclear power producer, and Korea Hydro & Nuclear Power (KHNP) have announced the start of works on the first tritium removal facility in Europe, located at the Cernavoda Nuclear Power Plant.
The cross-border merger by absorption of Credit Europe Bank Romania S.A. into Dutch parent company Credit Europe Bank N. V. was initiated and, after the merger, the former will continue its activities in Romania as a subsidiary of the latter, as per data provided on June 10 by the representatives of the institution.
Romania's Finance Ministry raised RON1.03 billion from banks on Monday (June 10), selling government paper in two auctions, at annual average yields of 6.29% and 6.69%, respectively.
Forty Management, a Romanian developer of real estate projects with mixed destination and green urban reconversion, has announced that it will inaugurate on June 12 the Lagoon Park Bucharest project, the first artificial urban beach in Europa, following an investment of EUR33 million.21679 items