Romania’s future retirees, that is about 8.3 million people contributing to Pillar II mandatory pension funds are the biggest investors of Banca Transilvania (TLV.RO), data aggregated by ZF show.
SeedBlink, the all-in-one equity management and investment platform, has launched Raise Hub, a comprehensive digital suite that empowers startup founders to efficiently manage fundraising activities within their own network, leveraging SeedBlink’s robust equity management infrastructure.
Entrepreneurial company 2B Intelligent Soft (BENTO.RO) posted RON12.1 million net profit in the first half of 2024, an increase of 106% on the year-ago period, while operating revenue increased by 93% to RON45 milion, it said in the first half report to the Bucharest Stock Exchange on Tuesday.
Romania's Competition Council is analyzing the transaction through which Autoklass Center SRL intends to acquire from Tess SRL the distribution, service and agency activities for the brands Volkswagen Autoturisme, Volkswagen Commercial Vehicles and DasWelt Auto.
Private lending in Romania went up 7.7% to RON407.8 billion in August 2024 compared with August 2023, central bank data showed on Tuesday (Sept 23, 2024).
Alternative investment fund Lion Capital, listed at the Bucharest Stock Exchange and with a RON1.4 billion capitalization and RON4.7 billion net assets, has announced the resignation of Radu-Razvan Straut from all the positions he held: member of the board of directors, Vice-Chairman and Deputy CEO.
Electricity supplier Restart Energy has completed the implementation of an around EUR900,000 photovoltaic project for Tehno Proenergy company of Sibiu.
Groupe Atlantic’s plant of Aricestii Rahtivani, Prahova county, currently has 29 employees and after production starts around 250 jobs will be created.
Restart Energy One, one of the main independent electricity and renewable energy suppliers to household and SME consumers in Romania, ended the first half of 2024 with RON36.6 million revenue, 70% lower than in the year-ago period.
The Fiscal Council reiterates the estimate that Romania will end 2024 with a cash budget deficit of around 8% in its Opinion on the draft of the first revision of the state budget, saying that the deficit stands at 4.53% of GDP eight months into the year.
Cluj-based dairy producer Bonas Import Export (BONA.RO), listed on the AeRO market of the Bucharest Stock Exchange, reported net profit of RON358,239 for the first half of 2024, down 27.3% compared with the year-earlier period, as per its half-yearly financial report.
Adiss (stock symbol: ADISS), a Romanian company specialized in water treatment, ended the first half of 2024 with sales revenue of RON12 million, down 36.7% year-over-year, as per its half-yearly financial report.
Romania's Finance Ministry raised RON667 million from banks on Monday (Sept 23, 2024) selling benchmark bonds, above the planned amount of RON500 million, at an annual average yield of 6.64%.
Continuous upskilling is essential to remain competitive in today’s dynamic professional landscape, but only 65% of employees see direct applicability in their current roles – this is the main finding of recent EY research on the need for upskilling and reskilling in turn of the labor force.
The BET index, the main index of the Bucharest Stock Exchange (BVB), is welcoming two new companies: Antibiotice Iasi (ATB) and Premier Energy (PE), starting September 23, 2024.
The number of new insolvencies in Romania went up by 8.3% in the first half of 2024 against the same period of 2023, with 3,684 new procedures being opened, the latest Coface survey shows.
Auchan Romania, a major player in local food retail, continues to develop the franchising program launched in June locally, via which entrepreneurs can open a turnkey retail business under the brand Simply by Auchan.
Packeta Romania, a global digital platform for e-commerce, is expanding its local network with 17 new pick-up points, in partnership with Diverta bookstore chain, thus reaching over 1,800 points, double the 2023 level.
iSTYLE, the largest Apple Premium Reseller retail chain in Central and Eastern Europe, expects to generate over EUR120 million turnover in Romania, above the EUR118.7 million level registered in 2023, as all business lines have posted growth so far in 2024 and the last quarter brings the biggest sales of the year.