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Qualitance, an international technology and innovation company founded 15 years ago by Romanian entrepreneurs Radu Constantinescu and Ioan Iacob, becomes part of French Alten Group after Romania’s Competition Council approved the acquisition transaction.
2023 is expected to be a challenging year as the energy crisis continues to affect Europe, inflation will remain high until 2024, and the scenario of an economic recession seems imminent.
The Board of Directors of Romanian state-owned airline Tarom has appointed Costin Iordache to the position of interim Chief Executive Officer (CEO), according to a press statement.
The pace of new hirings will slow down in the first half of 2023 amid a macroeconomic context dominated by uncertainty, while the workforce crunch will still be a major challenge for the business environment in 2023 as well, forcing HR departments to focus on maximizing retention indicators, but also on developing existing employees’ skills or even on their mobility between departments, believes Andrei Frunza, CEO of online recruitment platform BestJobs Romania.
The managing board of Lactate Natura, a dairy producer of Targoviste, Dambovita county, is convening the General Extraordinary Assembly of Shareholders on February 7 to approve, among other things, the temporary suspension of the company’s activity for a three-year period, starting February 9, 2023.
Mirdatod Prod, the producer of Telemeaua de Ibanesti brand, will continue to use this brand and will shortly expand its production capacity to meet international market demand, according to Nicu Aurel Bumb, manager of Mirdatod dairy plant.
The health insurance market in Romania reached gross written premiums of RON509 million in the first nine months of 2022, an increase of 33% on the year-earlier period, Financial Supervisory Authority (ASF) data show.
Romanians bought 8% fewer vehicles in 2022 versus 2021, but at higher prices, considering that the volume of electric vehicles touched a record high and the level of imported used cars reached a six-year low, as per an analysis by car sales platform Autovit.ro.
InterContinental has returned to Romania, this time on a different hotel in Bucharest, the Athénée Palace. It had left Romania in 2022, when the logo of the brand was removed from the hotel in Piata Universitatii, now named Grand Hotel Bucharest.
US-held NuScale Power and Romania’s RoPower Nuclear, equally held by Nuclearelectrica and Nova Power & Gas, announced the signing of the contract for the first phase of the engineering and design work for the first SMR plant in Romania.
In 2023, Europeans are more concerned about protecting their money, properties (car, house), health and life than investing in new financial instruments or contracting mortgage loans, as per a survey by Revolut and Dynata conducted among 8,032 respondents across eight European countries, of whom 1,000 Romanians.
51% of Romanians believe 2023 will be worse than 2022, according to the findings of a survey conducted by the Romanian Institute for Evaluation and Strategy (IRES) .
Concilium Consulting, a company specializing in corporate restructuring and the structuring of complex financing, announces the appointment as special administrator in the insolvency proceedings of the company Hidroconstructia.
Romania's industrial production prices for the total (domestic market and non–domestic market) increased by 35.1% in November 2022 compared to November 2021, data from Romania's statistics board INS showed on Wednesday (Jan 4, 2023).
The rise in the cost-of-living has driven consumers to re-adjust spending priorities and the failure of telecommunications companies to respond to this changing mindset is now the biggest threat facing the industry, according to the annual EY report, Top 10 risks in telecommunications 2023.
THR Marea Neagra, controlled by Transilvania Investments, announces it has signed leasing contracts for three assets part of its portfolio.
Sweden’s Electrolux is set to lay off part of the staff of Satu Mare cooker plant.
The year 2022 saw an average daily traded volume of all instruments on the Bucharest Stock Exchange of RON96.8 million (EUR19.6 million), having increased for the third year in a row.
Romania has four high risks and seven moderate risks to its financial stability, the latest survey of its central bank among the main banks on the local market by assets shows.
The Board of Directors of auto parts manufacturer Altur Slatina (ALT.RO) has informed the capital market that it approved the opening of general insolvency proceedings, in line with a report sent to the Bucharest Stock Exchange.19015 items