2B Intelligent Soft (BENTO – Intellectually Curious), a Romanian entrepreneurial company that provides software development services and IT infrastructure and Cloud services, ended the first nine months of 2024 with net profit of RON14.4 million, up 19% year-over-year, as per its financial report.
Romania's Competition Council has approved the transaction by which A-AG Holdco Ltd intends to take over Intersystems Holding Inc. and the companies related to the grain and protein business from AGCO Corporation.
Law firm Clifford Chance Badea has advised PPC Group in closing the EUR700 million transaction through which it acquired the Romanian renewable energy portfolio of Evryo Group, owned by Macquarie Asset Management.
The European Commission has announced on Nov 21 that it has approved a EUR578 million (RON2.9 billion) Romanian state aid scheme to support energy-intensive companies.
Romania's Finance Ministry raised RON752 million from banks on Thursday (Nov 21), selling government paper in two auctions, at annual average yields of 6.34% and 7.16%, respectively.
PPC (Public Power Corporation) Group has completed the acquisition of the renewable energy generation portfolio of Evryo Group in Romania (formerly known as CEZ Romania), previously owned by funds managed by Macquarie Asset Management.
The return to the office has continued to grow in 2024 as employees increasingly feel the need for direct interaction with colleagues, and employers implement strategies that encourage a full-time return to the office while balancing the hybrid model.
Private healthcare network MedLife continues its expansion plans by inaugurating the new MedLife Craiova Hospital, following a nearly EUR6 million investment that marks a new milestone for the private medical system in the region of Oltenia, the company has announced in a press statement on Nov 21.
Banca Comerciala Romana (BCR) and Softlead, a marketplace in Romania that helps companies to choose the right software solution, based on their Digital DNA, have concluded a partnership which allows BCR clients to access a complete ecosystem of digital and financial solutions essential for business performance.
E.ON Energie Romania in the first 10 months of 2024 installed over 100 EV charging stations, public and private ones, thus going beyond 550 units installed so far on the local market.
Stay Fit Gym has become the network with the biggest number of centers opened in Romania and Eastern Europe with the launch of its 47th unit in Rahova, Bucharest.
New passenger car registrations in Romania during the January-October 2024 period rose by 5.4% from the year-earlier period, to 127,061 units, while at EU level they merely edged up by 0.7% to 8,856,195 units, in line with ACAROM and ACEA data.
The still high interest rates and continued lending aided Romania banking sector generate an RON11.5 billion record high net profit in the first nine months of 2024, up around 10% from the gain reported for January-September 2023, in line with BNR data.
Catalin Neacsu, category manager at Verdino Green Foods, a major plant-based food producer in Romania, says exports account for around 50% of total sales, with the rest coming from Romania.
Mihalache family, which owns Fermador group of Iasi, which operates on the poultry market and had turnover of around RON240 million last year, are exploring the sale of the company, according to ZF sources. More exactly, they have handed the sale mandate to a Big 4 company.
AETA Curtea de Arges (ELGS.RO), formerly Electroarges, ended the first nine months of 2024 with a loss of RON8.1 million, compared with a loss of RON8 million in the same period of 2023, while contract revenue shrank by 6.6% to RON26.4 million.
The Board of Directors of electricity supplier and distributor Electrica (stock symbol: EL) has called shareholders for a meeting on February 5, 2025 to vote in favor of approving an investment project worth nearly EUR250 million (the equivalent of RON1.3 billion), the company has announced in a report published at the Bucharest Stock Exchange on Nov 20.
The European Investment Bank (EIB) is lending EUR200 million to Romanian energy distributor Delgaz Grid to upgrade the electricity network in Romania's northeastern region of Moldavia.