Romania’s statistics board INS upwardly revised the country’s economic growth for the first quarter of 2024 against the same quarter of 2023 to 0.5% from 0.1% estimated in the May report.
Crane ChemPharma & Energy, a global industrial manufacturer and subsidiary of Crane Company, secured a lease for 3,000 square meters of production space within Industra Park Arad in Romania, developed by Oresa Industra.
Germany’s BWM Group bought about EUR2.3 billion worth of parts – steering wheels, tires and loading systems, from direct suppliers in Romania last year, which, together with the rising sales of cars and motorcycles, is a solid base for the group’s ambition to develop an IT and software hub in Romania.
The net assets of the 248 open-end and closed-end mutual funds, both local and foreign, available in Romania, increased by 3.3% to RON44.6 billion in May and by 12.2% since the beginning of the year.
Maspex Romania, a producer of beverages, snacks and foods, part of Poland’s Maspex, has budgeted 7% growth in revenue this year, after having posted 12% growth to RON1.153 billion in 2023.
Transilvania Broker de Asigurare (TBK.RO), one of the largest insurance brokers in Romania, on Friday notified the Bucharest Stock Exchange that its main shareholders, Login Gabriel and Niculae Dan, sold 27.9% to Czech company Partners Financial Services.
Mokka, a provider of Buy Now, Pay Later services, has concluded a partnership with local e-commerce platform Seliton in order to provide clients and retailers with a flexible payment solution.
Retail sales volume in Romania (excluding the trade with motor vehicles and motorcycles) increased by 8% in unadjusted data and by 6.4% when adjusted for seasonality and number of working days, in January-May 2024 compared to the same period of 2023, data from the country’s statistics institute INS showed on Friday (July 5).
Romania's central bank has decided at its Board meeting on Friday (July 5) to lower its benchmark interest rate to 6.75% a year from 7% a year, starting July 8.
tbi bank, active in Bulgaria, Romania, Greece, Germany and Lithuania, has decided to reinvest its entire net consolidated profit of 2023, worth RON42.5 million.
RCI Holding, a major player in the engineering, financial solutions, technology, energy markets and management Consulting, held by businessman Dan Stratan, has promoted Frank Hajdinjak to the position of Chief Strategy Officer.
Real estate developer One United Properties (stock symbol: ONE) has announced in a stock market report on July 5 that its daughter company, ONE Gallery Floreasca, signed a lease contract with Tomcat Comserv SRL, the operator of the brands Treevi, Elephante, Sagakura, BaoHouse and others.
Romania's Competition Council approved the transaction through which France's Ardian France S.A.S. intends to acquire Alstef Group S.A.S. and its subsidiaries, including Alstef Roumanie S.R.L.
The Romanian M&A market registered 124 deals in the first half of 2024, with a total estimated value of $2.3 billion, marking a 6% decline by volume, from the 132 deals ($3.7 billion) posted in the same period of 2023, reveals an EY survey.
Hungary’s startup Munch, which entered Romania this March with its app that aims to aid curb food waste, has reached 128 partners and 194 locations locally, with its mobile app having more than 10,000 downloads so far.
Trend Furniture has started a EUR3 million investment in the building of a 4,000-sqm space in Gilau, Cluj county, where it will in 2025 move production, warehousing, offices and the showroom, explained Vlad Florea, the company’s CEO.