Packeta Romania, a global digital platform of e-commerce, member of Packeta Group, has extended its network of online stores and partner sellers to over 1,800, almost double from a year ago.
Chip manufacturer NXP Semiconductors, which has a software development center in Romania, reported higher turnover, profit and average number of employees for the local subsidiary.
Cicom, a top five ice cream producer in Romania, for 2024 has budgeted RON89.5 million turnover, up 11% from 2023, thus continuing the upward trend of recent years.
Local airports continued to witness growth and in the first six months of 2024 recorded 11.8 million passengers, a 5% advance from the same period of 2023, in line with data provided by the Romanian Airport Association.
Star Transmission of Cugir, Alba county, the local arm of Mercedes-Benz AG, for 2023 reported turnover worth RON420.5 million (EUR85 million), up 7.5% from 2022, in line with ZF calculations based on Finance Ministry data.
Ebm-papst Automotive & Drives Romania, present locally since 2017, with a plant in Oradea, part of German group Ebm-papst, a world leader in the production of electrical engines and ventilators, in 2023 registered turnover worth RON350 million, up 14% from 2022.
Building materials producer Cemacon is readying a new investment in production, amid the market diversification demand and the need to boost business efficiency.
German car parts supplier Anton Häring is set to invest EUR60 million in the next three years to build a plant in the industrial park of Siret locality, Suceava county, where 600 people will be employed.
Romania’s insurance market reached a volume of gross underwritten premiums of above RON5.5 billion at the end of the first quarter of 2024, registered a slight increase of 3.2% from the same period of 2023, in line with the Q1/2024 report of the Financial Supervisory Authority (ASF).
The Bucharest Stock Exchange has posted a 20.9% advance since the start of the year, reflected by the benchmark index BET, a yield that beats most developed bourses of the US, Europe, Asia and Australia.
Romanians drink on average 215 liters of soft drinks, a figure that places us second in the region by consumption, reveals a ZF analysis based on Euromonitor data.
Nuclearelectrica (SNN.RO), the only nuclear power producer in Romania, on Tuesday announced after the trading session close at the Bucharest Stock Exchange that it had raised the cap of the loan to RoPower Nuclear, the project company for the development of small modular reactors (SMR) in Romania, to $243 million.
Engineering and technology company Simtel Team (SMTL.RO, the national leader in the field of renewable energy, signed a RON66.5 million contract (excluding VAT) with a metallurgical industry customer, it announced on the Bucharest Stock Exchange on Tuesday.
Electricity and heat producer Electrocentrale Bucharest (ELCEN) on Tuesday (July 23) signed a Memorandum of Understanding (MoU) with Sage Geosystems Incorporated, a US company that develops technologies for harnessing and storing geothermal energy.
Arggo Software Development & Consulting, a Romanian company specialized in providing consulting, digitization services and software solutions, with a turnover of RON32.4 million in 2023, will pay RON2 million worth of dividends to its shareholders in 2024.
Cybersecurity company SafeTech Innovations (SAFE.RO) on Tuesday notified the Bucharest Stock Exchange of having been awarded a significant contract that is to be signed soon.
Bright Distribution SRL, an IT&C equipment distributor and solutions provider, ended 2023 with a turnover of RON50.6 million, down 45% on the year, as per finance ministry data.
Polish clothing manufacturer LPP, which owns and operates store chains Reserved, Mohito, Cropp, Sinsay and House, is opening its second warehouse for online sales in Romania, within CTPark Bucharest West near Bucharest, in Bolintin-Deal.
Deloitte closed a global multi-year strategic collaboration agreement with Amazon Web Services (AWS) to support companies around the world scale their Generative Artificial Intelligence, data and analytics and quantum computing capabilities by using AWS services.