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Business angels investment platform Growceanu, established in 2018, announces an increase of over 150% in investments carried out in 2022, as compared to 2021, but it did not offer details about the total amount invested by its members.
Construction company Bog’Art ended 2022 with a turnover of EUR130 million at group level, Greta Gutoi, Chief Financial Officer (CFO) with Bog’Art, told the CFO Summit 2023.
Software services company Qualysoft Romania, part of the Austrian group by the same name, recorded a 55% increase in revenue in 2022 compared with the previous financial year, its representatives said in a press release.
Austrian company Enery Power Holding, also present in the Czech Republic, Slovakia and Bulgaria, has signed a senior term loan and revolving credit facilities agreement for the acquisition of an 81MW renewable energy portfolio held by Jade Power Trust in Romania.
Expleo, a French global engineering, technology and consulting company, has leased 3,000 square meters in the Palas Campus Iasi office complex, the newest urban regeneration project developed by IULIUS in the city of Iasi.
Local startup company Smart Fintech, which specializes in developing innovative open banking solutions, has integrated the SmartPay solution with EasyBill, the online invoicing, automated inventory management, and document management platform.
Dacia Mioveni and Ford Otosan Craiova, the two car plants in Romania, manufactured 38,568 vehicles in January 2023, 9.65% more than 35,171 units produced in January 2022, as per data from the country's carmakers association ACAROM.
Romania's central bank revised downwards its inflation forecast for end-2023 to 7% from its previous December projection of 11.2%, central bank governor Mugur Isarescu said on Wednesday (Feb 15) at a press briefing presenting the quarterly inflation report.
Romanian companies are concerned about the slowdown in economic growth, the expected increase in unemployment and high inflation, according to the Deloitte 2023 Romania CFO Survey, conducted at the end of last year among over 120 chief financial officers (CFOs) based in Romania.
The post-pandemic flexible office space segment has been on an upward trend and some of the established locations in capital Bucharest have recorded occupancy rates of 85% to 90% in 2022, as per the latest study by real estate firm Crosspoint Real Estate called ”Romanian Flex Offices 2022” which analyzed the post-pandemic flexible office space market.
The Romanian capital market started the year with multiple significant rallies at the level of the BET index, which includes the 20 most traded companies, and the BET-TR index, which also includes dividends.
DRUID, the startup launched by Liviu Dragan, ended 2022 with $5.6 million revenues, the best financial results since its launch in 2018.
5 to go coffee shop chain, the largest player in the field, has signed a strategic partnership with Carrefour whereby the 5 to go products dedicated to the retail segment will be present on the shelves of the French retailer’s hypermarkets via the opening of 11 units under the official name of Coffee Corner 5 to go.
Businessman Stefan Mandachi announced he sold Spartan restaurant chain for EUR20.3 million to the biggest franchisees of the chain.
The TechAngels group of private investors, focused on supporting technology startups in Romania and the region, in 2022 invested EUR5.679 million overall, 36% less than in 2021.
Veeam Software, a provider of solutions ensuring data availability and recovery, reached the 1,000-employees threshold in Romania in 2022 and plans to hire 100 specialists in the sales and technical support area.
Construction panel maker Isopan has a EUR1 million investment budget for 2023, with the money to be mainly directed to local activity development.
Onshore drilling company Foraj Sonde Videle (FOJE.RO) notified the Bucharest Stock Exchange about the signing of a contract with OMV Petrom (SNP.RO), the only local oil and gas producer and the largest company listed on the Bucharest capital market.
Nuclear power producer Nuclearelectrica (SNN.RO) placed with Romania’s import-export bank Eximbank a term deposit without extension in the amount of RON183.7 million, the company informed its shareholders and investors via a report to the Bucharest Stock Exchange on Feb 13, 2023.
ROCA Investments, part of the Impetum Group, has completed a new round of capital increase, raising RON100 million for portfolio consolidation and development.19015 items