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Token Financial Technologies (TOKEN), Türkiye’s leading provider of digital payment solutions, is entering the Romanian market through the Odero brand, which boasts a range of payment solutions catered to suit businesses of all shapes and sizes, both online and offline.
The net assets of the 240 domestic and foreign open-end and closed-end investment funds operating in Romania fell by 1.3% in December 2022, to RON45.9 billion, and plunged by 14.4% since the beginning of 2022, in line with the latest data from the Association of Fund Administrators, or AAF.
BT Leasing and Tiriac Leasing, two companies operating on the Romanian leasing market, have merged into a single company, BT Leasing, with 25,000 customers, EUR500 million in portfolio, over RON2.8 billion in assets and some 250 employees.
The average value of properties transacted in Romania increased in 2022, reaching EUR25 million versus EUR17 million in 2021, as per data from real estate consulting firm Cushman & Wakefield Echinox.
SeedBlink, a platform for co-investing in European tech startups, has concluded a partnership with Goldring, one of the most active brokers in Romania in terms of listings on the Bucharest Stock Exchange, in order to develop financial investment services in Romania, diversify investment offerings and facilitate companies’ access to capital.
BCR Leasing is launching Lea chatbot, which is developed on DRUID’s technology platform.
Twelve funding programs worth almost EUR5 billion are available to companies and local public authorities in Romania in the coming months, in line with an analysis by REI, a group of companies specialized in attracting European funds and state aid.
Litigation activity has intensified since 2020, with a two-thirds of companies (64%) noting a heavier caseload than before the COVID-19 pandemic, according to the Deloitte Legal study “New Roads to Dispute Resolution”, conducted on a global level, including Romania.
TIB Bank has sealed a partnership with easySales platform and they are jointly launching a benefits package that includes Buy Now Pay Later for eCommerce businesses as a rising number of consumers are postponing their purchases and give up certain deals.
Investments in Romanian startups have registered a twelvefold increase in the past six years, to EUR101.1 million, with Romania thus ranking fifth in Central and Eastern Europe by investments raised by startups, after Estonia, Czechia, Croatia and Poland, reveals Romanian Venture Report created by How to Web jointly with KPMG Romania and KPMG Legal, now at its third edition.
CreditAmanet, a provider of pawnbroking and money exchange services, posted 30% higher revenues in 2022 on the year and saw its profit rise by 20%.
Adrian Urda, CEO of Cometex, a retail park developer part of Altex group, says the company plans to carry out retail investments of above EUR200 million by 2025.
Craiova-based Softronic, Eastern Europe’s sole producer of electrical multiple units and locomotives, controlled by four Romanian entrepreneurs, ended 2022 with turnover worth almost RON200 million as the plant operated at full capacity.
Nuclear power producer Nuclearelectrica (SNN.RO) placed with Romania’s import-export bank Eximbank a term deposit without extension in the amount of RON105.06 million, the company informed its shareholders and investors via a report to the Bucharest Stock Exchange on Jan 26, 2023.
BICO Industries, part of building materials holding ROCA Industry, estimates a consolidated turnover of over EUR30 million for 2022 after it completed the acquisition of the company Terra Impex based in the Republic of Moldova.
The furniture industry, one of Romania’s main export sectors, saw a 2% decline in production in the first ten months of 2022 as compared to the same period of 2021, amid price increases and loss of customers against the backdrop of the war in Ukraine which “erased” customers from Russia.
Romania’s airports reported a total 21 million passengers for 2022, 87.53% more than in 2021 and almost threefold more than in 2020, in line with data from the Romanian Airports Association, or AAR.
Romanian business managers expect relative stability of activity and in the number of employees in manufacturing and services sectors, alongside robust price increases in retail trade, in line with a survey by the country’s statistical board INS.
Retailers are preparing for a possible economic crisis, according to an analysis by Romanian email marketing agency White Image.
Blugento, a company based in Cluj-Napoca and specialized in providing e-commerce solutions based on the Magento platform, expects a 40% increase in turnover at the end of 2023.19015 items