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Black Sea Fund, an investment fund focused on mid-sized companies and set up in 2018, has acquired a majority stake in Kids Element SA (Gymboland Group), the company that owns and operates indoor playgrounds and gaming arcades under the Gymboland and Rematch brands.
UniCredit Bank, which is part of the UniCredit Group and one of the major banks in Romania, is listing today, 20 December, its second corporate bonds issue on the stock exchange this year, worth RON 480 million.
Independenta Sibiu, a company Transilvania Investments, one of Romania’s largest investment funds, is a majority stakeholder in, has completed the first phase of the rehabilitation of industrial spaces on the platform in the wake of investments put at EUR1.5 million.
Romania continues to rank 14th in the EU by the number of new passenger cars registered in January-November, with a volume of 133,238 units, up 14% from the year-earlier period.
Curtea Veche publishing house, owned by the Arsene family, will end 2023 with a turnover of EUR4 million, a level similar with taht of 2022, according to company officials.
Insurance company Allianz-Tiriac said on Tuesday (Dec 19) that it ended the first nine months of 2023 with total underwritings of over RON2.5 billion, up 18% on the year, and damage claim payments to clients exceeded RON900 million, up nearly 20% on the year.
Romanian company IT Genetics, part of the ITG group, which specializes in supply chain equipment and software solutions, has invested around EUR250,000 in an e-commerce platform dedicated to the Italian market, bringing its total presence to five countries.
Blu Capital Partners (BCP), an entrepreneurial investment banking consulting firm, has become a member of the M&A Worldwide international group, one of the most important global groups of experts in Investment Banking, with more than 45 offices in 35 countries, on all continents.
Mobility company Autonom has an annual minimum investment budget of EUR60 million and plans that 13% of the about 3,000 cars it buys a year to be electric and hybrid vehicles in 2024, Autonom CEO Marius Stefan told ZF.
Romania’s real estate market prepares to end a “decent” year, with intense activity in the industrial sector, but also with a decline in economic dynamic and a significant decrease in investment market activity, as Colliers consultants predicted at the beginning of the year, in their report “Top 10 predictions 2023”.
Mediapost Hit Mail, the largest direct marketing company in Romania, has leased a 19,000- square meter space that includes storage and office space in the Chitila Logistics Hub industrial park, developed by Global Vision and Globalworth.
CAPEX.com, a trading app for financial instruments founded by Romanian entrepreneur Octavian Patrascu, has announced the intention to merge with Germany's NAGA Group and to list on the Frankfurt Stock Exchange.
Building materials manufacturer TeraPlast Bistrita (TRP.RO) notified the Bucharest Stock Exchange on Tuesday evening that it had bought the majority stake in Palplast in Calarasi, Republic of Moldova. The company owns two production lines for high-density polyethylene pipes for water and gas supply networks.
Perfumery brand Obsentum has opened its first store in northeastern Romania in Iasi, in the Palas shopping center, and has reached a network of nine niche perfumeries in the country.
Real estate consulting company Cushman & Wakefield Echinox strengthens its office agency by recruiting Anamaria Creţu, a specialist with 18 years of multinational corporate experience.
2023 was the year in which candidates' desire to find a new job was strongly felt on the labor market, while, for employers, a tempering of efforts to expand their teams set in.
A new bond issue worth RON1 billion, issued by the Romanian Commercial Bank (BCR), one of the most important financial groups of Romania, started trading on the Bucharest Stock Exchange on Tuesday (Dec 19, 2023).
Park Properties, the developer of SunLake Residence compound located on the shores of Fundeni lake of Bucharest, has acquired two land plots on the shores of Pipera and Balotesti lakes for new housing compounds.
2B Intelligent Soft (BENTO.RO), a Romanian entrepreneurial company specializing in development and implementation of software solutions and the provision of IT and Cloud infrastructure services, has signed a contract with Volta X Solar Systems (Volta X), a local provider of turnkey solutions for photovoltaic systems, energy efficiency, energy storage systems and EV charging stations.
More than half (52%) of Romania employees plan for a career change in early 2024, motivated by the need of a wage increase, while another 27% remain open to this possibility, but do not have a concrete plan, reveals a survey conducted by online recruitment platform Bestjobs.19990 items