Vertiv Romania, a provider of critical digital infrastructure solutions and IT support services, has more than 40 positions available at the Cluj business hub, which supports key functions globally and regionally.
Delgaz Grid, part of E.ON Romania group, plans to invest RON1.5 billion to upgrade 44 transformer stations, in the next six years, of which RON1.1 billion represents funding from the Modernization Fund.
Infinity Capital Investments, one of the five financial investment companies listed on the Bucharest Stock Exchange, has announced it will organize, on June 20, a second auction for the sale of Dambovita hotel of Targoviste, with the starting price set at RON15 million.
Comarch, a Polish company that develops software solutions for several industries, has hundreds of clients in Romania and plans to increase their number during 2024.
The number of real estate deals in Romania, which includes houses, lands and apartments, stood at 43,601 in May 2024, lower by 13,598 than in the same period of 2023, data from the national cadaster agency ANCPI showed on Tuesday (June 11, 2024).
Timisoara-based group of companies IT LASTING, which includes firms LASTING System, LASTING Software and SPHINX IT, reported a combined turnover of over RON246 million (EUR49.5 million) and total net profit of RON9.4 million (EUR1.89 million) for 2023, and the bulk of turnover (80%) was generated by the distribution division (LASTING System).
The representatives of Franklin Templeton, the manager of Fondul Proprietatea (FP.RO) are ready to take public on the Bucharest Stock Exchange three companies in which the Fund owns stakes valued at EUR306.4 million – Aeroporturi Bucuresti (Bucharest Airports), Portul Constanta (Port of Constanta) and Salrom.
Romanian-held logistic and freight forwarding group International Alexander of Arad, the biggest player on this market, ended 2023 with a turnover of RON665.4 million, up nearly 5% year-over-year.
Medical services network MedLife is starting the expansion of its MindCare chain of mental health centers by opening a second unit, in the city of Constanta, after the first unit located in capital city Bucharest.
JT Grup Oil, a fuel wholesaler of Constanta controlled by businessman Jean Paul Tucan, has successfully completed the initial public offering (IPO) carried out at the Bucharest Stock Exchange, through which it attracted RON20 million, and is readying its listing on the AeRo market at the end of June.
InterCapital Asset Management, the largest independent investment manager in Croatia, last week listed GROM (Gov ROM) ETF (exchange traded fund), a tradable fund with five and ten-year Romanian government bonds, on the Zagreb Stock Exchange. The company plans to list the ETF on the Bucharest Stock Exchange, too.
Mogo Romania, a company specializing in providing financing for individuals to purchase used vehicles, announces its entry into a new lending segment through a strategic partnership with ATVRom, the leader in the recreational vehicle market in Romania.
Retele Electrice Muntenia, part of the PPC Group, formerly named E-Distributie Muntenia, launched, through the public procurement information system, a procurement procedure for the modernization of several medium voltage lines in the area of Balotesti, Ilfov County, which will engulf over RON162 million.
Nearly half (47%) of respondents continue to be optimistic about the future, as per the latest EY Future Consumer Index (FCI), which surveyed more than 23,000 consumers across 30 countries – despite concerns about rising living costs (73%), climate change (63%) and geopolitical tensions (51%).
OMV Petrom, the largest integrated energy producer in Southeast Europe, will invest approximately EUR750 million at Petrobrazi to transform the refinery into the first major producer of sustainable fuels in the region.
A team of PwC Romania consultants specialized in deals and D&B David si Baias lawyers have assisted the founder of travel agency Litoralulromanesc.ro, Ionut Nedea, in selling the company to Szallas Group, part of Polish group Wirtualna Polska Holding.
More than 16,000 companies shut down after the first four months of 2024, almost 3,000 more than in the previous year, marking a 12-year high, reveals a Sierra Quadrant analysis.
DRUID, the global company specializing in AI-based conversational solutions, has launched a virtual assistant for Dacia Romania, developed to understand and answer users’ questions with a human-like precision.
Travel agency Litoralulromanesc.ro, owned by local entrepreneur Ionut Nedea, which sells holiday packages on the Romanian seaside, has been acquired by Szallas Group, part of Polish group Wirtualna Polska Holding. The value of the deal stands at EUR21 million.
Metal tile roofing manufacturer Caretta, set up by entrepreneur Ciprian Marcu in Iasi, in 2024 bought a Craiova roofing plant from Polish producer Viking Pruszynski.