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tbi bank continues to extend its partner network and teams up with medical devices company Ortopedica, offering customers the possibility of buying medical devices through the Buy Now, Pay Later (BNPL) solution, in four instalments with no interest or over longer periods of time, in affordable instalments.
Autonom Services, the mobility network controlled by brothers Marius and Dan Stefan, ordered 200 electric vehicles worth EUR10 million and thus speeds up its fleet electrification.
The number of real estate deals in Romania stood at 47,261 in February 2023, 13,987 more than in January 2023, data from the national cadaster agency ANCPI showed on Monday (March 6).
Solar panel manufacturer AE Solar will invest EUR1 billion in a plant to make solar panels in Romania, Romania’s government announced in a release, following a meeting of Prime Minister Nicolae Ciuca and the representatives of AE Solar and of the Black Sea Universities Network on Monday.
Natural gas distributor Distrigaz Sud Retele in 2022 carried out total investments worth RON555 million in the natural gas distribution network in order to meet the company’s two major objectives: the safe operation of the distribution system and the development of the natural gas infrastructure.
Law firm Schoenherr si Asociatii SCA has promoted Laura Buzatu-Teodorescu (a specialist in real estate & construction law) and Adina Rusanescu-Horge (a dispute resolution specialist) to the position of senior attorney in law.
Retail sales volume in Romania, excluding vehicle and motorcycle sales, decreased by 22% in unadjusted data in January 2023 compared to December 2022 and increased by 0.7% when adjusted for seasonality and number of working days, data from the country’s statistics institute INS showed on Monday (March 6).
The Bucharest Stock Exchange (BVB) announced on Monday (March 6) that the bonds issued by Bittnet Systems S.A., in the amount of over EUR2 million, would start trading on its Main Market, under the BNET26E stock ticker, on Tuesday (March 7).
NN, the main player on the Romanian life insurance market, launches in Romania NN Bootcamp, an international accelerated learning program dedicated to students and recent graduates, with a view to training them for obtaining the Salesforce Administration certification
Insurers’ growth and profitability will most likely be negatively impacted in 2023 by the current macroeconomic and geopolitical challenges such as the threat of global recession, effects of Russia’s invasion of Ukraine and lingering COVID-19 concerns, according to the Deloitte 2023 insurance outlook.
Law firm Filip & Company assisted Romanian digital factoring fintech Instant Factoring in getting a EUR600,000 funding from several investors, including MicroEurope, active in the field of microfinance.
Romanian poultry producer Oprea Avi Com was assisted by law firm Bancila, Diaconu and Asociatii SPRL in setting up a joint venture with Hungarian-held group Hodler Capital.
Simtel Team, a Romanian engineering and technology company listed on the AeRO market of the Bucharest Stock Exchange, will buy 29% in the capital of Custom Soft Solution (CSS), a startup developing a VPP platform for energy consumption monitoring.
Telekom Romania Mobile, a mobile phone operator with more than 4 million customers, which is held by Germany’s Deutsche Telekom and Greece’s OTE, made an unexpected move by bringing back its digital division, including its leader, Gabriel Traistaru.
The insurance market in Romania could reach an all-time high of more than RON16 billion in 2023, supported by the increase in the value of policies, but also by the growing interest of Romanians in insurance, in the context of the earthquakes recorded lately, consulting company Frames says.
Israel's Elbit Systems will deliver $120 million worth of turrets, weapon stations and mortar systems to the Romanian Military, the company announced on Friday.
Law firm Wolf Theiss assisted Belgium-held real estate developer Speedwell in securing a EUR24.3 million and RON17.6 million green loan from BRD-Groupe Société Générale to build two residential buildings in Timisoara, as part of the Paltim project.
Romanians spent almost EUR5 billion on electronics, home appliances, cell phones and IT products in 2022, a record high for the Romanian market, which stood at only one quarter of the current value in 2010, ZF has calculated from information from the sector. The year 2010 was the lowest point of the industry, which has been growing ever since.
Donna Medical Center, a business set up in 2011 by Elena Claudia Teodorescu, a radiologist specialized in breast imaging, in 2022 posted EUR4.5 million turnover, 15% higher on the year, and expects similar two-digit growth this year.
Dacia is likely to be heading again to annual output of 350,000 cars in Mioveni as the parts crunch is overcome.19029 items