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Arobs Transilvania Software, the largest IT group listed on the Bucharest Stock Exchange, has informed the capital market about the complete takeover of Arobs Pannonia Software Kft, headquartered in Budapest, Hungary, specialized in fleet management and custom software development.
Armchair and sofa manufacturer Italsofa Romania, the local subsidiary of Italian group Natuzzi, for 2022 reported turnover worth RON338.2 million (EUR68.6 million), up 14% from the previous year, in line with ZF calculations based on Finance Ministry data.
Versuni Romania, the former Philips Domestic Appliances Romania, aims to reach turnover of almost RON460 million from the import and distribution of home appliances.
QFort door and window maker Casa Noastra in 2022 registered RON707 million turnover, 39% higher than in 2021, with 2022 being in fact the best year ever for the company owned by Stefan Cherciu.
Quadrant Amroq Beverages, the bottler of PepsiCo drinks in Romania, ended 2022 with RON1.5 billion turnover, up 36% from 2021.
New car registrations in Romania increased by 19.03% on the year to a total 13,173 units in June 2023, data from the association of automotive manufacturers in Romania (ACAROM) showed on Tuesday (July 4). DRPCIV.
Metropolitan Life Pensii Private, which manages the third largest mandatory private pension fund in Romania, after NN Pensii and AZT Viitorul Tau, increased its ownership stakes in Banca Transilvania (TLV.RO), Romgaz (SNG.RO) and Transport Trade Services (TTS.RO), over the course of May 2023, as per the latest data aggregated by Ziarul Financiar (ZF) daily.
Black Sea Oil & Gas (BSOG), whose owner is US giant Carlyle, has announced the start of the authorization process for an offshore energy corridor in the Romanian sector of the Black Sea along the infrastructure of the Midia Natural Gas Development (MGD) Project.
French-held TotalEnergies has bought a portfolio of five solar projects with a total capacity of more than 200 MW located in north-western Romania from Germany’s PNE, after taking over a similar portfolio in Poland this year.
Technology company 2Performant Network (2P.RO), the leading affiliate marketing company in Romania, announced that its platform brokered 690,000 sales in the second quarter of 2023, a 76% increase compared with year-ago period.
Daniel Anghel, Tax and Legal Services Leader PwC Romania, was elected President of the Foreign Investors Council (FIC), for a one-year term.
Companies show a record level of optimism regarding the investment climate inn Romania, and intentions to increase operations and investment plans in 2023 are still at high levels for the next three years, as per a survey conducted annually by AmCham Romania.
The IRCC, which is used by banks to calculate interest rates for new loans taken out starting with the spring of 2019, decreased to 5.94% a year. The new value corresponds to the first quarter of 2023 and it will be used by lending institutions for the third quarter of 2023 (the July-September 2023 period), in line with central bank data released on Tuesday (July 4).
The “Made in Romania” Nominations Committee has selected its 50 semi-finalists out of the 386 companies nominated on the platform www.investingromania.com.
The largest share sale in the history of Romania ended on Tuesday, July 4 at 12 p.m., with the closing of the initial public offering of electricity producer Hidroelectrica (H2O.RO), where minority shareholder Fondul Proprietatea (FP.RO) put up for sale 78 million shares for about RON8.8 billion.
A group of Polish entrepreneurs and investors, who had previously run Valuetech Seed, one of the top performing Polish venture capital funds for emerging technologies, have raised a EUR25 million investment from the European Investment Fund (EIF) for a new project: venture capital fund Radix Ventures. Another name connected to this fund is Daniel Dumitrescu, CIO of accelerator InnovX.
Romania's industrial production prices for the total (domestic market and non–domestic market) increased by 7.7% in May 2023 compared with May 2022, data from Romania’s National Statistics Institute INS showed on Tuesday (July 4, 2023).
Grain trader Ameropa Grains, who is the market leader in Romania, ended 2022 with RON8.57 billion revenue, an increase of 51% year-on-year, ZF has calculated from Finance Ministry data.
The asking prices of the old three-room apartments in Bucharest slowed down in June as the annual growth reached a mere 0.5% or EUR550 year-on-year to EUR109,750, the ZF real estate index compiled in partnership with real estate consultant SVN Romania shows.
Local online store Atu Tech (a2t.ro), which specializes in the sale of security products and is also an importer of security equipment, has invested EUR200,000 to streamline its operations this year.19075 items