Electricity and heat producer Electrocentrale Bucharest (ELCEN) on Tuesday (July 23) signed a Memorandum of Understanding (MoU) with Sage Geosystems Incorporated, a US company that develops technologies for harnessing and storing geothermal energy.
Arggo Software Development & Consulting, a Romanian company specialized in providing consulting, digitization services and software solutions, with a turnover of RON32.4 million in 2023, will pay RON2 million worth of dividends to its shareholders in 2024.
Cybersecurity company SafeTech Innovations (SAFE.RO) on Tuesday notified the Bucharest Stock Exchange of having been awarded a significant contract that is to be signed soon.
Bright Distribution SRL, an IT&C equipment distributor and solutions provider, ended 2023 with a turnover of RON50.6 million, down 45% on the year, as per finance ministry data.
Polish clothing manufacturer LPP, which owns and operates store chains Reserved, Mohito, Cropp, Sinsay and House, is opening its second warehouse for online sales in Romania, within CTPark Bucharest West near Bucharest, in Bolintin-Deal.
Deloitte closed a global multi-year strategic collaboration agreement with Amazon Web Services (AWS) to support companies around the world scale their Generative Artificial Intelligence, data and analytics and quantum computing capabilities by using AWS services.
CEC Bank has contributed with RON112.6 million credit facility to the development of the Medex Cancer Hospital project, which has been recently inaugurated in Sangeorgiu de Mures.
Dorna Medical, a Romanian business on the private healthcare and lab services market, founded by entrepreneurs Rodica and Roman Boca, has opened a new center in Borsa, in Romania's northern region of Maramures.
Bogdan Putinica has announced on his personal LinkedIn page that Microsoft appointed him to the position of General Manager for Central Europe and Asia.
Computer and electronics retailer Flanco, the second largest actor in the local sector by turnover, has relocated its headquarters to the Sky Tower office building in capital city Bucharest, the tallest building in Romania, held by Raiffeisen Property Holding International.
Hosiery manufacturer Ciserom in Sebes, Alba County, ended 2023 with a turnover of RON19 million (EUR3.8 million), close to the 2022 level, as per finance ministry data.
Germany’s drugstore chain dm drogerie markt reported a turnover of RON1.244 billion (EUR251.7 million) for 2023, up 50.1% from nearly RON829 million (EUR168.1 million) level reported for 2022, Ziarul Financiar (ZF) daily has calculated from finance ministry data.
Dietary supplements producer Alevia, held by entrepreneur Florin Mitocaru, ended 2023 with a turnover of almost RON40 million, double against the RON20 million level reported in 2013, Ziarul Financiar (ZF) daily has calculated based on finance ministry data.
Garanti BBVA Leasing, part of the Garanti BBVA Group Romania, is signing a new EUR10 million loan agreement with the European Bank for Reconstruction and Development (EBRD) to support the development of SMEs in Romania.
Energy Policy Group (EPG), an independent organization specialized in energy-related policies, has analyzed Romania's National Integrated Energy and Climate Change Plan (PNIESC) and found multiple loopholes, among which the lack of detailed implementation plans and of specific sectoral measures, insufficient details regarding the decarbonization of the transport sector and the inadequacy of using renewable energy in industry and buildings.
Venture capital firm Early Game Ventures (EGV) has invested EUR1 million in AI startup CogniSync, which develops software technology that helps streamline workflows to support fast growing companies and teams.
Libra Internet Bank, which has three bond issues worth a total of EUR48 million (RON250 million) in progress on the Bucharest Stock Exchange, will distribute RON100 million dividends from its unallocated 2023 profit, as the shareholders decided, the lender said in a report published on bvb.ro on Monday.