Romanian startup Rayscape, which specializes in development of artificial intelligence algorithms for interpreting medical images, plans to attract a new EUR3 million round of funding this year.
German-held retailer Lidl opened two new stores in Cisnadie, Sibiu and Harsova, Constanta, on Thursday, February 20, the retailer announced. A week before it had opened two stores in Harman, Brasov, and in Cluj-Napoca.
Arterimpex, a producer and distributor of food under the Benedek brand, part of the Bertis Group held by the Berszány family, will invest EUR4 million to EUR5 million in new headquarters in the industrial park in Sfantu Gheorghe, Covasna County.
Precast concrete part maker Prebet Aiud (PREB.RO) on Thursday evening notified the Bucharest Stock Exchange of having bought 426 shares in private equity company Roca Investments for RON9.6 million.
Romania's Finance Ministry raised RON1.89 billion from banks on Thursday (February 20), selling government paper in two auctions, at annual average yields of 6.64% and 7.43%, respectively.
Medisprof, a Romanian-held significant actor in the oncology service business in Romania, has secured the zoning permit it needs in order to build a new hospital in Cluj-Napoca.
Scandia, one of the largest actors in the food industry in Romania, is starting construction work on residential complex Mestecenilor Residence in Frigoeriferului area in Sibiu via its real estate division Scandia Romana Development.
Investments in Romanian startups went beyond EUR100 million in 2024 for the fourth year in a row, reaching EUR130.7 million, reveals “Venture in Eastern Europe 2024” report drawn up by How to Web and Croatian unicorn Infobip.
NN Asigurari de Viata, leader of Romania life insurance market, ended 2024 with a volume of gross underwritten premiums of almost RON1.15 billion, 12.7% higher than in 2023.
Moldovan Carmangerie, operating in the meat industry, controlled by Moldovan family of Cluj, last year generated turnover worth RON112.7 million (around EUR22.5 million), up 5% from 2023.
Victoria’s Secret is expanding its footprint in Romania with the opening of a new location, within BestValue store of Cluj-Napoca “Avram Iancu” airport, with this being for now the only unit the famous brand has launched in a Romania airport.
Mobexpert, a Romanian brand created by Dan Sucu, has opened 6 concept stores since 2021 and has started 2025 with a new store in Cluj-Napoca, in a space leased from CTP, the largest player on the logistics market.
Hungary’s AutoWallis Group, based in Budapest, is bringing the first Farizon electric commercial utility vehicles made in China to Romania and therefore becoming the official importer of the brand.
Ascendia (ASC.RO), a developer of e-learning solutions for various fields, ended 2024 with RON2.3 million net profit, double (105.3%) the 2023 net profit, while revenue stood at RON9.1 billion, an increase of 1.4%.
Romania’s e-commerce market continued to grow in 2024, shows an analysis by MerchantPro, the local SaaS solutions platform, based on the data recorded by online stores active in the platform last year and in 2023.
ELI Parks, one of the most dynamic developers on Romania logistics and industrial market, has leased out phase one of ELI Park Iasi, which fills a 21,000-sqm area, and will further expand the project with another 10,000 square meters amid ever rising demand from companies seeking strategic locations in northeastern Romania.
Early Game Ventures, the most dynamic investment fund in Romania and among CEE’s most active VC funds, has announced the biggest investment raised by a Romanian startup this year, after Bible Chap, a mobile app addressing Christian communities, has signed a $14 million funding round.
Law firm Filip & Company provided legal assistance to Adrem group in the deal whereby ROCA Investments will take over 20% in stock of Adrem Energy Solutions S.A..