Investment and asset management firm Solida Capital has acquired the Victoria Center office building, located in downtown Bucharest, from Manova Partners.
Industrial production prices for the total (domestic market and non-domestic market) inched 0.1% lower in January 2025 compared to January 2024, and rose 0.5% compared to December 2024, data from the country's statistical office INS showed on Tuesday (March 4, 2025).
Romania’s unemployment rate stood at 5.5% in January 2025, lower by 0.2 percentage points than the 5.7% rate recorded in December 2024, data from the country’s statistical office INS show on Tuesday (March 4, 2025).
UCM Resita, a company taken over last year by Hidroelectrica, for 2024 reported RON5.55 million turnover, down 85% from 2023. However, the company switched to RON20.5 million profit, from RON12.4 million losses in 2023.
Liberty Galati, the largest integrated steel producer in Romania, has announced it would enter an agreement with creditors amid political upheaval, the new tariffs imposed by the US over steel imports and the lack of real steel industry protection moves at EU level, considering this is the best form to stabilize its business.
E.ON Energie Romania, part of German group E.ON, in 2024 completed and delivered 34 photovoltaic plants to a similar number of partner companies, with the total value of projects reaching almost EUR10 million.
The extraordinary general meeting of Ropharma shareholders on March 3 decided to increase a loan contracted from ING Bank by EUR2.35, more exactly from EUR12.95 million to EUR15.3 million.
Hidroconstructia, which went insolvent in early 2022 and was subsequently taken over by Electromontaj group, in 2024 posted profit worth over EUR3.1 million.
Private investment firms Cerberus and Revetas are considering the sale of the Radisson Hotel on Calea Victoriei in Bucharest, after having sold the Landmark office space complex in the same city in 2024, market sources say..
Braila-based apparel manufacturer Braiconf (stock symbol: BRCR) has announced it a stock market report that it recorded revenue of RON18.5 million in 2024, down 35% against the RON26 million level reported in 2023.
Investment fund Vertical Group, held by several entrepreneurs, has reported in a stock market report on March 3 that it has exceeded the 5% holding threshold in Romanian agribusiness company Agroserv Mariuta (stock symbol: MILK).
Romania's foreign exchange reserves stood at EUR62.5 billion at the end of February 2025, higher by EUR1.75 billion than the EUR60.8 billion level reported on January 31, 2025, Romania’s central bank announced on Monday (March 3, 2025).
Vista Bank has announced on March 3 the agreement with Alpha Bank S.A. and Alpha International Holdings S.MS.A. 100% subsidiaries of Alpha Services and Holdings S.A., for the acquisition of the shares (100%) in Alpha Leasing (Romania) (which also holds 100% of Alpha Insurance Brokerage (Romania)).
Anglo-Dutch giant Unilever, a leading player on the consumer goods market, has appointed Irina Urechean to the position as General Manager of Unilever’s Ice Cream Division for Romania and Moldova.
Sameday, held by eMag Group and one of the leading players in the courier services industry, has become shareholder in IT and digital marketing services provider Zitec by acquiring the 24.9% stake previously held by eMAG over the last eight years.
As power-intensive Generative AI (Gen AI) consumption grows faster than other uses and applications, electricity consumption by data centers is forecasted to double to 4 percent of global electricity consumption by 2030, according to the latest edition of the Deloitte Technology, Media and Telecommunications (TMT) Predictions report.
Banca Transilvania, the largest lending institution in Romania, has announced the successful completion of its merger with OTP Bank Romania in the wake of which it has reached a 23% market share and assets climbed by 9%.
Rompetrol Well Services, one of the leading wellbore special services companies in Romania, registered RON10.3 million net profit in 2024, 12.6% below the 2023 level.