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Vassilis Stavrou has been appointed Chief Executive Officer (CEO) of Valvis Holding Group and Executive Vice-President for International Development of Carpathian Springs, the bottler of AQUA Carpatica mineral water brand.
Companies in Romania lose large sums every year because of fraud schemes orchestrated by or with the help of their own employees, according to Corporate Intelligence Agency, a company specialized in intelligence services and risk management for the private sector.
Money transfer fintech TransferGo, launched in London in 2012 by four Lithuanian entrepreneurs, has exceeded the threshold of five million active customers, of which two million clients have been enticed over the last year.
New car registrations in Romania grew by 7.9% on the year to 95.276 units in January-September 2022, placing the country 13th in the EU, data from the European Automobile Manufacturers Association (ACEA) and the association of automotive manufacturers in Romania (ACAROM) showed on Tuesday (Oct 18).
In 2022, Romanian employees focus mostly on increasing their income to cope with price increases (25%), on finding a new job (20%), on professional development (13%), on finding job satisfaction (10%), on avoiding burnout (8%) and on keeping their current jobs (6%), as per the latest survey conducted by online recruitment platform BestJobs.
Polish company Alsendo, held by private equity fund Abris Capital, one of the most active private investors in Romania, has acquired the majority stake in Innoship, a local startup offering fast delivery solutions for companies in the retail and e-commerce industry.
Mastercard plans to launch a global program enabling financial institutions to bring secure crypto trading capabilities and services to their customers.
The global economy seems to be settling into a regime of “stagflation” in the short term, where economic stagnation and rapid price rises coexist and, at the same time, the possibility of a global recession is becoming clearer, as per a Coface analysis.
Online supermarket Sezamo, part of Czech group Rohlik, has launched its e-groceries services in Bucharest and part of Ilfov county in the wake of EUR6 million investments.
Romanian cosmetics producer Farmec Cluj Napoca is opening a new Gerovital store in Bucharest, in Mega Mall shopping center, thus reaching 21 units under the brand.
TESLA Group, a producer of energy equipment and energy storage systems, is set to bring Terra storage battery for commercial use to Bucharest next Friday during the Solar Energy Bucharest Summit event.
Dacia’s Mioveni plant is still “on the cards” for a production capacity increase from 350,000 to 400,000 units, but decisions to this end are delayed by car part supply chain problems still hurting production.
Fast-food restaurant chain Mesopotamia has already set its name on the space of Bucur Obor where an Auchan unit operated previously.
The cosmetics and perfumery market in Romania will grow by 2.3% on average a year until 2026, an analysis by Virtual Board, a management information democratization platform that integrates artificial intelligence solutions into management consulting, shows. By comparison, the average annual pace in 2015-2021 was 3.1%, according to the same source.
Local airports registered 6.7 million passengers this summer, a 2.6% decrease compared with the same period in 2019, a reference year for the aviation industry, data from the Romanian Airports Association show.
Romania's finance ministry on Monday (Oct 17) reopened a bond issue due in 2034 and borrowed RON493 million from banks, above the planned level of RON400 million, at an annual average yield of 9.33%.
Romanian high-performance computing startup Amsimcel said on Monday, October 17, that it attracted EUR 4.8 million in blended financing through the European Innovation Council (EIC) Accelerator.
Shareholders of aluminum producer Alro Slatina (ALR.RO) are expected to approve in their Extraordinary General Meeting due on Nov 23 the company’s contribution in cash, in the amount of EUR43.5 million, in establishing a joint venture in order to build a power plant of 850 MW at Isalnita.
Romanian consulting firm Krugman & Partners has opened offices in New York and Bucharest in 2022, entering the market of competitive intelligence and cybersecurity, which has been booming over the last years.
CE Oltenia will hold 59.9% in the company that will build the gas-fired power plant in Isalnita, representing a contribution of EUR65 million to the project, and the selected investor, Alro, will hold 40.1%, accounting for a contribution of more than EUR43.5 million.19043 items