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Corina Vasile has taken over the position of executive director of the Romanian Employers Association in the Software Industry (ANIS), starting December 2022.
Inflation is a top concern for two-thirds of consumers in Romania, followed by the invasion of Ukraine and healthcare costs, according to the “Consumer Sentiment Survey” conducted by McKinsey&Company Romania in November 2022.
Faced with high inflation, an energy crisis and falling consumer confidence, the biggest opportunity for tech companies in 2023 is to adopt an active mergers and acquisitions (M&A) strategy – according to EY's annual report "Top 10 opportunities for technology companies in 2023".
Romania's trade balance posted a deficit of EUR28.4 billion in January-October 2022, higher by EUR9.1 billion compared with the first ten months of 2021, data from the country's statistics board INS showed on Monday (Dec 12).
Grup Serban Holding, a Romanian entrepreneurial company active in several fields of agriculture, has relaunched four Granero-branded product ranges by changing recipes and rebranding.
THR Marea Neagra, controlled by Transilvania Investments, is putting up six hotels for sale and another six for rent, meaning that after tenders are completed the company will have no hotels left under management.
WIP Industries Romania, a supplier of components for the furniture industry and the local subsidiary of Sweden’s WIP Holding, currently has 62 jobs available for its plants of Cluj county.
Adrian Cocan, general manager of Agroserv Mariuta, which has the Laptaria cu Caimac brand in its portfolio, says the focus is currently on launching new products and finding partners abroad to export on markets that can support sales growth.
ROCA Industry holding wants to continue expansion and acquire new companies, which in their turn should grow via M&A deals, explained Ionut Bindea, ROCA Industry chairman.
Apemin ZIZIN, a mineral water producer held by Lazar family, will open a new plant next year in the wake of an over EUR5 million investment.
Sweden’s Electrolux, which owns a plant in Satu Mare, this autumn opened a new hob production line in Romania. Thus, the production capacity of the local plans has reached 1.3 million units.
A total 20,223 housing units were put into use in Romania in the third quarter of 2022, 1,957 more than in the same period of 2021, data from the country’s statistics board INS showed on Friday (Dec 9).
Romanian Business Consult (RBC), the largest integrator of IT solutions for the retail industry, has acquired Romanian software engineering company Fullscreen Digital, and the transaction was sealed in October 2022.
Electricity distributor and supplier Electrica (EL.RO) announced in a stock market report on Friday (Dec 9) that it entered the shareholding structure of the Central Counterparty (CCP.RO).
Bittnet (BNET.RO), a group of IT companies listed on the Main Market of the Bucharest Stock Exchange, has announces the third M&A transaction of 2022 by signing a contract to acquire 70% of the shares of Dataware Consulting SRL (Dataware), IT&C integrator of products and services, according to a press statement.
Romanian nuclear power plant operator Nuclearelectrica (SNN.RO) on Friday (Dec 9) announced that nuclear reactor 1 at the power plant in Cernavoda would be shut down in a controlled manner on the morning of December 11, 2022.
An integrated team of consultants specialized in transactions, tax and legal services of PwC Romania and D&B David si Baias assisted Turkey’s Memorial Healthcare group with the acquisition process of the Monza Oncology Hospital within the Enayati Medical City in Bucharest.
Romania’s Competition Council has approved an operation whereby Complexul Energetic Oltenia (CEO) and Tinmar Energy jointly establish a company in order to set up a Combined Cycle Gas Turbine - CCGT.
Net investments in the Romanian economy grew by 13.3% in the third quarter of 2022 compared with the same period in 2021, up to RON39.356 billion, data from the country's statistics board showed Friday.
Romgaz during the general meeting of Thursday approved an increase in the credit facility limit by RON70 million, namely from RON350 million to RON420 million, and the one-year extension of the contract sealed with BCR.19015 items